Accounts Associate at Lendtable

London, England, United Kingdom

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Not SpecifiedCompensation

Entry Level & New Grad, Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Financial ServicesIndustries

Requirements

Minimum of 1-2 years experience in a similar role
Early stage in accounting studies (e.g. certificate level ACA, AAT Level 3/4 or with exemptions from prior study) - study support can be provided
Solution-focused, thrive on problem solving and have a high attention to detail
Meticulous approach, organisational prowess and unwavering vigilance
Able to prioritise tasks to meet deadlines in a fast-paced environment
Take a collaborative, hands-on approach within a team environment
Strong Excel / Sheets skills and experience using accounting software

Responsibilities

Key role within the Accounts Payable function of the team, recording invoices and expenses and ensuring these are coded correctly in the system
Reconcile the accounts payable ledgers to ensure that all bills and payments are accounted for and assist with making supplier payments and reconciling payments to supplier statements
Assist managing our finance inbox ensuring that all supplier queries are responded to in a timely manner
Assist in the preparation of the monthly financial statements for group companies, ensuring accuracy and delivery within set timelines
Perform key monthly tasks including bank reconciliations and the calculation of accruals, prepayments and other journal entries
Prepare and issue monthly invoices for various revenue streams

Skills

Key technologies and capabilities for this role

Accounts PayableInvoice ProcessingExpense ManagementLedger ReconciliationFinancial CodingFintech

Questions & Answers

Common questions about this position

Is this a remote or hybrid role?

This is a hybrid position based in London.

What experience is required for the Accounts Associate role?

A minimum of 1-2 years experience in a similar role is required, along with early stage in accounting studies such as certificate level ACA, AAT Level 3/4 or exemptions from prior study.

What are the key responsibilities of the Accounts Associate?

Key responsibilities include recording invoices and expenses in the Accounts Payable function, reconciling accounts payable ledgers, managing the finance inbox, assisting with monthly financial statements, performing bank reconciliations, and preparing monthly invoices.

What is the company culture like at Lendable?

Lendable features a close-knit finance team where individuals love to learn, thrive on working collaboratively, enjoy the challenge of a fast-growing fintech, and have the ability to change and improve processes; employees work in small teams of exceptional, relentlessly resourceful people trusted to take ownership from day 1.

What qualities make a strong candidate for this role?

Strong candidates are solution-focused, thrive on problem solving with high attention to detail, have a meticulous approach with organizational prowess, can prioritize tasks to meet deadlines in a fast-paced environment, and take a collaborative approach.

Lendtable

Provides credit lines for retirement contributions

About Lendtable

Lendtable helps employees increase their long-term wealth by providing lines of credit for retirement and employee stock purchase plans (ESPP). This service allows employees to contribute to their 401(k) plans or ESPPs without reducing their take-home pay, enabling them to take full advantage of employer matching contributions. The application process is straightforward, and Lendtable earns revenue through fees on the credit extended. The company's goal is to maximize retirement savings for employees of large corporations while keeping their monthly budgets intact.

San Francisco, CaliforniaHeadquarters

2020Year Founded

$22.5MTotal Funding

SERIES_ACompany Stage

Fintech, Financial ServicesIndustries

11-50Employees

Risks

Rising interest rates may increase Lendtable's cost of capital.

Increased competition from fintech startups could erode Lendtable's market share.

Regulatory scrutiny on retirement-focused financial products could impact Lendtable.

Differentiation

Lendtable offers unique credit lines for 401(k) and ESPP contributions.

The company targets employees of Fortune 500 companies for its services.

Lendtable's model allows wealth-building without reducing take-home pay.

Upsides

Increased employer interest in financial wellness boosts demand for Lendtable's services.

SECURE 2.0 Act encourages higher retirement savings, benefiting Lendtable.

Growing ESPP offerings align with Lendtable's focus on stock purchase plans.

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