Senior Finance Manager

About the role 

At Selina Finance we are entering an exciting growth phase having simplified our funding structure and operating model in Q1 2024. Being the first, and only, secured lender in the UK to offer the innovative HELOC (“Home Equity Line of Credit”) product, we are uniquely positioned to take advantage of the expected stability and increased borrowing demand brought on following the recent UK general election. 

We are looking for an ambitious finance professional to take our finance function to the next level by continuing to drive automation and process optimisations. The role will work closely with the CEO and our Capital Markets Lead to ensure we have a best-in-class finance team and help execute our strategic initiatives. 

About Selina

At Selina Finance, our mission is to give people access to the wealth they have in their homes, and we’re doing that by building a next-generation digital lender – starting with a home equity loan product. More than £2tn equity value is locked up in UK homes, while homeowners still need to rely on high-interest rate consumer loans, credit cards or overdrafts. We believe this is unfair and unnecessary. We offer a financing product unlike anything else out there, one that is as flexible as a current account, as affordable as a mortgage, and as easy to apply for as a consumer loan.

We are building an incredible team and culture of high performance, development, reward and recognition. 

We have quite a few things to be proud of:

🏆 Voted top 30 of ‘Tempos 100 best start-ups to work for 2023’

🌏 We have 19 different nationalities across our London + Manchester offices

🦄 Series B funded by leading VC funds

🦾 Disability Confident Committed employer

✏️ Rated highly in our employee survey on:

✔Workplace Culture

✔Work Life/Balance

✔Employee Recognition

What will you be doing?

Financial Reporting
Responsibilities relating to the core accounting / financial reporting and commercial aspects of the role

• Build and develop best-in-class internal finance team, whilst managing 3 direct reports

• Own all BAU operational processes, including monthly payroll, management reporting, cash reconciliations, accounts payable and receivable

• Coordinate monthly and quarterly FCA reporting

• Maintain control over treasury management, including cash flow forecasting

• Manage and own the annual audit, ensuring timely execution, accurate reporting with minimal error and within budget.

• Control the annual R&D Tax Credit submission, working closely with our tech team to draft the technical report and compile the financial data for submission.

• Establishing strong relationships with other stakeholders across the business to represent the data needs for the finance function.

• Manage the relationship with external suppliers including office landlords, insurance, corporate lawyers, company secretary

• Manage the daily disbursement & HELOC drawdown finance processes, ensuring funds are sent to clients timeously

• Manage the staff ESOP program, including administering agreements, filing returns, and handling subscription payments

• Own the month-end reporting process, compiling month-end reports and senior management KPI packs

• Own the broker commissions process and liaise with brokers when queries arise

• Living the Selina value of Customer Obsession, whilst acknowledging that your customers are typically the employees of Selina.

Reporting / Loan Servicing
Responsibilities relating to funder reporting and loan servicing aspects of the role

• Own the daily / weekly / monthly funder reporting responsibilities, ensuring reports are delivered on time and with minimal errors

• Submission of weekly wet funding requests to our funders and managing funder liquidity requirements

• Processing of daily / ah hoc collections sweep

• Manage the loan servicing team from a finance perspective, ensuring best in class servicing processes

• Working closely with the Customer Service team, coordinate responses to customer queries and ensure speedy and effective resolutions to issues

What we offer:

• £70,000-75,000 per annum, dependent on experience

• Bi-annual Bonus

• The option to purchase discounted company Growth Shares

• 25 days annual holiday

• Annual L&D budget

• Cycle to work scheme

• 3% pension contribution

• Monthly socials

• Free access to mental health support via Spill 🧠

• A choice of benefits that work for you courtesy of our benefits platform, Thanks Ben 🏋️ ❤️‍🩹

• Annual £60 cycle allowance for Santander cycles or Evans (via Thanks Ben)

• Workplace Nursery Benefit, allowing eligible nursery costs to be paid via salary sacrifice

• Placed in the top 30 of Tempos 100 best start-ups to work for 2023

We are an equal opportunities employer and are determined to ensure that no applicant or employee receives less favourable treatment on the grounds of gender, age, disability, religion, belief, sexual orientation, marital status, or race, or is disadvantaged by conditions or requirements which cannot be shown to be justifiable.

We also welcome and encourage applications from traditionally underrepresented categories, and provide feedback to any candidate we interview, even if that feedback is speaking to another candidate being more suitable for the role. 

What about you, what do you need to bring/have?

• Experience in a finance leadership role, ideally in a balance sheet/lending business

• Strong knowledge of accounting and financial reporting

• Qualified accountant (ACCA or ACA), 2-3 years PQE, preferably from one of the big 6 accounting firms.

• Strong Excel/Powerpoint skills

• Track record of hiring and building teams, ability to coach

• You love problem solving, improving processes with an action-driven approach, comfortable diving into the detail and supporting team members with specific tasks

• Positive outlook, we have a lot to build and set in place, it will feel chaotic at times, but you enjoy rising to the challenge and driving solutions

• Strong communication, interpersonal and presentation skills both written and verbal

• Understanding and appreciation of different environments, cultures, diversity and inclusion

• Love for collaboration, nurturing relationships and building teams

• Have a strong work ethic promoting empathy, accountability

Nice to have/Bonus points

• Prior experience at a fast paced start-up/scale-up

• Experience with Xero suite and other SaaS finance apps (Spendesk, Pento, Hubdoc)