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Squaretrade
Senior Manager, Revenue and Finance Transformation
- Full-time
Since its entry into Europe in 2009, SquareTrade has gone live in 11 markets (UK, France, Germany, Benelux, Spain, Portugal, Austria, Finland, Denmark, Norway and Sweden) as one of the largest and fastest growing mobile and consumer electronic insurance providers in Europe. The company is revolutionising and disrupting the £2bn+ market whilst setting the service standard in Europe by creating the most consumer-centric digital protection service, obsessed with best-in-class operations and technology, hassle-free service, and driving pace and product innovation in an industry that has lagged behind others. Partners include major European telecom operators such as Magenta, 3, Telenor, YouSee, DNA and Elisa as well as leading consumer electronics retailers including Amazon, Phone House and MediaMarkt.
The European Financial Control team is responsible for all accounting, tax, treasury and financial compliance activities across SquareTrade in Europe. This includes management reporting, analysis to budget, cash flow forecasting, statutory reporting and ensuring appropriate internal controls are always in place and adhered to. The European Financial Control team also takes an active part in supporting the development of the business in Europe and on-boarding of new partners.
As the company continues to grow at a rapid rate, there is an opportunity for an experienced,
ambitious and hands-on Senior Manager to assist the European Financial Controller managing the European Financial Control team.
This position provides ample opportunities to collaborate closely with the wider Finance,
Partnership and Operations teams. As we look to continue with SquareTrade’s exponential
growth, you will be assisting in managing all Revenue activities, overseeing the preparation of monthly management reporting, being involved in transformation of the financial control
function and making recommendations for best practices to become a world-class finance
function. You will also be deeply involved in business development and key strategic initiatives. This is a unique opportunity to work in a fast-paced and entrepreneurial environment where you will be able to make an impact quickly and where your hard work will be rewarded. You will work in a lean and dynamic team and be encouraged to identify problems and bring your own solutions to improve the overall performance of the team.
Assisting the European Controller with the overall management of the Financial Control team
which is made of 10 FTEs, covering Revenue recognition and assurance, Claim, Expenses, Cash and Investment, Balance Sheet substantiation, the preparation of statutory and management accounts and supporting business transformation.
- Lead all topics relating to Revenue including partnership with insurer, revenue assurance, IPT related issues, on-boarding of new partners etc.
- Lead the monthly management reporting process including month-end close by working day 3,
- EU consolidation, and analysis to budget. Liaison with the European FP&A team to ensure projections are appropriate and monthly reporting deliverables to internal and external stakeholders are met on time.
- Liaise with the US Financial Control and Accounting team to ensure the accounting treatments and internal controls adopted are in line with the overall Group requirements and processes aligned when possible.
- Oversight over Treasury, including cash flow forecasting, monitoring working capital requirements and implementation of a new investment strategy.
- Documentation, implementation and monitoring of accounting treatments and financial controls to always ensure completeness and accuracy of internal and external reporting.
- Lead the finance transformation of the Financial Control function and ad-hoc projects to improve the existing very manual process but also to build process capable to absorb the future exponential growth of the business. Strong involvement in the transformation of the entity to become an insurer.
- Lead and develop a team of three direct reports based in London (1) and India (2).
- Excellent academics and a 2:1 degree or above.
- ACA, ACCA or CIMA equivalent qualifications with 5-7 years PQE.
- Solid understanding of US GAAP, IFRS and Tax related matters.
- Strong insurance knowledge.
- Outstanding interpersonal and communication skills dealing as well with junior team members than with the senior leadership team.
- Excel skills required, along with strong knowledge of Microsoft Office applications.
- Experience in managing and developing team.
- Hard worker – you are not afraid to roll up your sleeves to support the overall team and deliver outstanding results. You work with limited supervision, and you are not afraid to take initiatives.
- Agile – you can manage important workload and shift focus when new priorities arise.
- A natural leader – you enjoy managing people, you provide clear guidance and like to empower people to help them to grow.
- Intellectually curious and detail-oriented – you are passionate about
asking questions, challenging the norm, quickly ramping up and
incorporating feedback from business owners. - Technical – You are looking to continuously improve your technical
skills and are committed to Financial Control. When you don’t know a
specific topic, you are capable of deep diving to understand the
requirements and propose sustainable solution on how they can be
implemented. - Meticulous – details, details, details you thrive when living in the
weeds and you are not afraid to get involved in the nitty-gritty. - Ambitious – You’ll go above and beyond to get results and are able to
motivate others to do the same! You are willing to progress quickly by
seizing opportunities provided by the Company. - Stakeholder management – you are capable to manage relationship
with the senior management team, expose the problems, suggest
solutions and incorporate their comments.
