FP&A Analyst

FP&A Analyst

London

• Are you curious, excited by experimentation and always looking to innovate?
• Do you want to work in embedded payments where you can keep learning and developing whilst getting hands-on experience?

If so, we would love to connect and collaborate!

We want to hire ambitious, and value-adding talent into Modulr, one of the fastest growing payments businesses in the UK and Europe.

About us

At Modulr, our vision is a world where all businesses are powered by embedded payments. Modulr enables businesses, from SMEs to Enterprise, initially across the UK and Europe to efficiently pay-in, collect and disburse funds instantly via a range of payment schemes, accounts, and card products.  

We have created an industry-leading API platform with comprehensive online tools and access, to meet the demands of daily business payments. We have two routes to market. Our Core Business Payments product allows customers in any sector to connect to us and our expanding network of accounting and payroll platforms, including Sage, Xero, BrightPay and IRIS to automate payments. Our Vertical Solutions targets a growing range of industry verticals which directly connect their IT platforms to our APIs and webhooks. We solve complex payment problems for hundreds of clients in a range of industries, including Travel, Lending, Wage Advance, and Investment & Wealth.  

We are deeply integrated into the payment eco-system. In the UK, we are direct participants of Faster Payments and Bacs. Modulr hold settlement accounts at the Bank of England. Our payment network connectivity includes CHAPS, Open Banking, SEPA, SWIFT and account issuance in multiple currencies. We are principal issuing members of Visa and Mastercard schemes across UK and Europe.  

Our regulatory permissions and governance structure are the foundations of our business. We are regulated and supervised as an Authorised Electronic Money Institution (AEMI) in the UK by the Financial Conduct Authority and in the Netherlands by De Nederlandsche Bank.  

Our founding team has a wealth of experience in the payments industry and growing successful businesses. Modulr is backed by the venture arms of payments giants PayPal and FIS, as well as growth investors Blenheim Chalcot, General Atlantic, Frog Capital and Highland Europe.  

Modulr now has over 400 employees spread globally across offices in London, Edinburgh, Amsterdam, and Mumbai. 

Modulr values

• Building the extraordinary; going that extra mile.
• Owning the opportunity; be passionate and proud of the time you invest.
• Move at pace; reach goals faster whilst supported on your career journey.
• Achieve it together, working collaboratively and being a Modulite. 

The team 

Reporting to the Director of FP&A, the FP&A Analyst is a critical role in Finance.  The wider business teams are based in Edinburgh, London, Amsterdam and Mumbai. Modulr has an office-first policy as face-to-face and ad hoc collaboration will maximise our ability to meet our ambitious growth and profitability goals.  In practise we expect our colleagues to be in-office at least 4 days per week. 

The role

 Summary

As part of a three-person team, the successful FP&A Analyst will play a significant role in supporting the business to achieve its targets. This is a great opportunity to have an impact on scaling a regulated business. A key requirement is to have the curiosity to spot opportunities and anomalies, and the confidence to challenge business managers to drive growth and efficiency. The FP&A team has three key roles at Modulr: running our forecast model including weekly trackers, communicating relevant financial and management information to department leaders, including tracking of costs to budget, and surfacing efficiency or growth opportunities. 

Specific duties

Depending on the project, you will need to be comfortable doing the following:

• Monthly and ongoing analysis of Group P&L, Balance Sheet and Cash Flow items and associated trends e.g. versus Budget, Forecast, Prior Month
• Work with departmental leaders to ensure that they have the right visibility of how they are tracking to their commitments, and they fully understand the drivers behind their KPI’s
• Prepare the monthly KPI reporting for the leadership team and investor’s
• Ad Hoc analysis, reporting and presentations as required
• Active participation in department and leadership meetings, analysing and explaining Modulr’s performance 

About you

The successful FP&A Analyst will have a track-record in delivering results in a fast-moving scaling business and hence you must be comfortable with change and uncertainty.

• Recently qualified accountant (e.g. ICAS, ACA, CIMA) or we will consider other relevant qualifications/experience

• You have a high degree of curiosity, combined with exceptional analytical and problem-solving skills
• You’re proactive, structured and organised, know how to manage your own time and can handle the competing pressures of immediate tasks and alongside longer-term projects
• High level of excel capability (meaning more advanced functions) and understanding of financial modelling (this will be tested as part of the interview process)
• You have a thirst of knowledge, learning new skills and embraces continual development
• You’re comfortable with ambiguity
• You will aim to be in the office most days 

What can Modulr offer you

You will work with all parts of the business, with co-workers located in Edinburgh, London, Amsterdam, and India. We are friendly and sociable, challenging but rewarding. We want you to push yourself and for us to support you in your future as we scale up and grow. There is opportunity to move over time into other parts of the business including customer facing, and business operations.

• Share Options Incentive Scheme
• Company Bonus - the more successful we are together, the greater the reward.
• Flexible benefits - £1000 to spend on a variety of benefits for you to choose from which suit your lifestyle and needs. Including Private medical insurance, gym membership, health checks etc.
• Perkbox - enjoy freebies and discounts on many other products and services.
• 33 days holiday (including bank holidays) plus your birthday off - choose which days you take off to relax and/or spend time with loved ones.
• Learning Opportunities – on joining Modulr you will embark on our 2-day onboarding programme, called ModStart, to be equipped with the Modulr know-how and arm you with the tools you need to be successful from day 1! But we do not want your learning to stop there so we will continue to provide you with the tools and capabilities through our learning channels and platforms.
• Modulr hands-on - join your colleagues for our company wide events throughout the year.
• Great workspace - Modulr thrives on innovation which is best done through in-person collaboration. This approach enables us to work together closely, exchange ideas, and create innovative solutions that drive our success. We ask our team members to be based in the office 4 or more days a week. We have state of the art offices located in Exchange Cresent Edinburgh, ScaleSpace in London, and WeWork in Amsterdam.
• Bike to work / E-bike scheme

ModInclusion

At Modulr, we are working hard to build a more positive diverse and inclusive culture that helps everyone to feel they belong and can truly bring their whole self to work. Not only is it the right thing to do for everyone in the Modulr team, it’s also the right thing to do for our business, the community we operate in and attracting future talent. As part of our approach, we actively welcome applications from candidates with diverse backgrounds.