Job Description

The Money Co-op is a growing co-operative financial business regulated by the Financial Conduct Authority (FCA) and the Prudential Regulatory Authority (PRA). As a co-op we are motivated by our ethical and inclusive values. We are now looking for a motivated financial analyst to manage the finance, banking and credit functions of the credit union, and to advise the CEO and board on financial management and planning issues. The role will also involve deputising for the CEO at appropriate times.

The role holder has one direct report - the Credit Control Officer - and is expected to work effectively across the credit union team as a member of senior management. This is an opportunity to join an ambitious and relevant organization with great potential for the role to grow with the organisation's success.

To apply, please send a covering letter and recent CV to jobs@themoney.coop by 9 June 2025. Your covering letter should set out why you think you are right for the job and how your skills and experience meet the job description.

If you do not follow these instructions, your application may be disregarded.

Key Activities

1. To be responsible to the CEO and board for the financial management of the credit union, including treasury and budget management.

2. To be responsible to the CEO and board for the management of the credit control and collections processes to reduce arrears and write offs, including managing our relationship with a third party debt collection agencies.

3. To line manage the Credit Control Officer and oversee their work in delivering our credit control and collections function.

4. To ensure correct accounting practices are followed across the credit union.

5. To ensure the accounts comply with the appropriate accounting standards (FRS 102), and with FCA, PRA and other credit union regulations and co-operative law.

6. To advise the CEO and board on financial, accounting and treasury management policies.

7. To ensure all financial processes are fully documented on an ongoing basis, to liaise with internal auditors to ensure they are followed, and to draw to the attention of the CEO and board any issues of concern.

8. To be responsible for financial and other key performance reports on a monthly basis for the management team and board.

9. To assist with three-year strategic business planning by modelling financial and member data.

10. To conduct stress testing and advise on financial risk management policies

11. To draw up and monitor the annual budget in consultation with the CEO and board

12. To be responsible for the preparation of all financial returns to the FCA, PRA, and other regulatory authorities

13. To manage provisioning and write-off policies and accounting.

14. To oversee payment processing and authorisation for all members and staff.

15. To be responsible for payments to staff, including pensions and other deductions.

16. To ensure timely and accurate bank reconciliations and treasury management.

17. To contribute to the functioning of the credit union management team.

18. To attend board meetings and provide financial reports to the board.

19. To work with the credit union management team on systems development, leading on accounting and financial and arrears reporting implications.

20. To undertakes special projects as directed by the CEO.

21. To work effectively with others in order to make a positive contribution to the work of the credit union.

22. To undertake such other duties as may be reasonably required consistent with the role.

The credit union is committed to achieving equality of opportunities both as am employer and service provider. The role holder is expected to understand and promote this and all other policies of the organisation.

Key Knowledge, Skills and Experience

Essential

At least three years accountancy experience. Experience of working with external and internal auditors. Experience of providing high level financial reporting. Experience of operational improvements and systems development Experience of working with public, banking, voluntary or finance sector accounts. Experience of line management and leadership roles. Strong IT literacy with ability to use MS Office confidently. Ability to understand, develop and implement banking & financial systems. An understanding of how the collections process impacts on the financial sustainability of an organisation. An understanding of the new GDPR regulations and the impact on Financial Services Self- motivated and flexible approach Able to work as a member of a team. Commitment to driving up standards to meet targets and to improve customer service. Must be highly organised and able to work confidently and independently with members and with other departments Must be able to process information with a high level of detail and care; analyse member accounts, define what constitutes sensitive data Able to deal with team members to train and support using the appropriate style Good communication skills at all levels, both verbal and written with all staff and members volunteers and directors, ensuring information and decision making is clear and transparent

Desirable

AAT or part CCAB qualified Experience of working with credit union accounts Experience of data analytics using e.g. Tableau or MS Power BI

If you are highly detail-focused and capable of analysing data with creativity and innovative in mind, you might be perfect for this position.

Job Type: Full-time

Pay: 35,000.00-45,000.00 per year

Additional pay:

Bonus scheme
Benefits:

Company pension
Schedule:

Monday to Friday
Work Location: Hybrid remote in Manchester M60 0AG

Application deadline: 09/06/2025