Portfolio Jobs

About Allica bank

Allica is the UK’s fastest growing company - and the fastest-growing financial technology (fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in fintech. Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers

Department Description

We have grown rapidly and won multiple awards , and you will be playing a key role as we continue to build a bank dedicated to established SMEs, at what is a crucial time for them. We believe that freedom, autonomy, and trust bring the best out of people, so we work with team-players who get the importance of owning their responsibilities but know the value of collaboration. We are curious, honest, and supportive.

The Finance & Treasury function covers a broad spectrum of financial responsibilities for the Bank. Under the leadership of the CFO and the finance department heads, the team is responsible for equity raising and investor relations; treasury and liquidity management; prudential risk and regulatory reporting; and financial reporting, financial planning, and tax management activities.

Role Description

The successful candidate will be an integral part of the FP&A team in a rare role in industry. The individual with support from the Head of FP&A and the CFO will play a crucial role in driving through cost optimisation, operational efficiency and enhanced productivity in a high growth environment. Working with all parts of the company, particularly operations and distribution, you will help them identify their cost drivers and work with them as a partner to achieve their efficiency objectives.

Principal Accountabilities

A finance professional with a proactive approach to drive costs optimisation and efficiencies within an organisation.

Costs Strategy Alignment

• Business Goals: Alignment of cost management strategies with the organisation’s strategic objectives.
• Establish a consistent framework for managing costs across the organisation including activity based cost management and unit economics
• Improve the bank’s understanding of the relationship between volume, fixed costs and variable costs
• Understanding Cost to Value relationships; Ensure alignment between cost reduction efforts and the value they bring. Consider not only the immediate cost savings but also the long-term impact on business outcomes.
• External analysis including peer benchmarking

Costs analysis and Reporting

• Actively seeking out cost-saving opportunities through data analysis to identify trends/ opportunities
• Conduct sensitivity analysis to evaluate risks & opportunities and to support scenario modelling
• Track key performance indicators/ metrics including unit cost economics

Budgeting and Forecasting

• Annual Budget
• Frequent forecasting
• Stress Testing
• Investor model updates and due diligence

Personal Attributes & Experience

• Professional qualification (ACA/ACCA/CIMA) or highly experienced Finance professional
• Experience within Finance/ FP&A
• Demonstrable experience in achieving cost and efficiency savings in high growth organisation
• Experience of using activity based cost management techniques
• Strong analytical skillset, including the utilisation of Data and reporting tools
• Strong quantitative abilities and excellent communication skills with ability to build relationships
• Ability to work autonomously and be initiative-taking as required whilst working well within a team
• Able to solve complex problems
• Kaizen Mindset: Embrace continuous improvement principles
• Strong influencing and people skills

Don’t tick every box?

Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you!

Flexible working

We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.

Diversity

We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.

Additional Information

Working at Allica Bank

At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers.

Our employees are at the heart of everything we do, so our benefits are designed with you in mind:

• Full onboarding support and continued development opportunities
• Options for flexible working
• Regular social activities
• 25 days holiday – with the option to Buy/Sell
• Pension contributions
• Discretionary bonus scheme
• Private health cover (with the option to add family members)
• Life assurance
• Income Protection
• Family friendly policies including enhanced Maternity & Paternity leave
• Season ticket loans