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Commercial Financial Analyst

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Bits

1mo ago

  • Job
    Full-time
    Mid Level
  • London

AI generated summary

  • You should have a relevant degree, 4+ years of experience, strong analytical and Excel skills, proficiency in financial modeling, and excellent communication abilities in a fast-paced environment.
  • You will conduct financial analysis, assist in budgeting and forecasting, analyze sales data, prepare reports, monitor costs, develop financial models, ensure compliance, and drive process improvements.

Requirements

  • Bachelor’s degree in Finance, Accounting, Economics, or a related field. A professional finance qualification (e.g., ACCA, CIMA, CPA) is a plus.
  • 4+ years of experience in a similar commercial finance role, preferably in a fast-paced, high-growth environment. Start-up experiences is an advantage.
  • Strong analytical skills with the ability to interpret complex financial data and provide actionable insights.
  • Proficiency in financial modelling, budgeting, and forecasting techniques.
  • Advanced proficiency in Microsoft Excel and experience with financial software (e.g., SAP, Oracle, Hyperion).
  • Excellent communication skills, both written and verbal, with the ability to present financial information to non-financial stakeholders.
  • Strong attention to detail and a proactive approach to problem-solving.
  • Ability to manage multiple tasks and work to tight deadlines in a fast-paced environment.

Responsibilities

  • Responsibilities
  • Financial Analysis: Conduct detailed financial analysis, including profitability analysis, cost analysis, and variance analysis to support business decisions.
  • Budgeting & Forecasting: Assist in the preparation of budgets and financial forecasts. Track performance against these budgets and provide recommendations for improvement.
  • Commercial Insights: Analyse sales data, customer trends, and market conditions to provide actionable commercial insights that drive revenue growth and profitability.
  • Reporting: Prepare and present regular financial reports, including monthly management reports, KPI dashboards, and ad-hoc analysis as required.
  • Cost Control: Monitor and analyse expenditures to ensure alignment with the budget, identifying areas for cost reduction and efficiency improvements.
  • Financial Modelling: Develop and maintain financial models to support scenario planning, investment appraisals, and business cases.
  • Compliance & Risk Management: Ensure financial activities comply with relevant regulations and internal policies. Identify and manage financial risks associated with commercial activities.
  • Continuous Improvement: Drive process improvements within the finance function to increase efficiency, accuracy, and insightfulness of financial analysis.

FAQs

Is this a remote position?

No, this is an on-site role located in our office in Camden, London, and requires attendance five days a week.

Is visa sponsorship available for this role?

Yes, visa sponsorship is considered for this position.

What qualifications are required for the Commercial Financial Analyst position?

A Bachelor’s degree in Finance, Accounting, Economics, or a related field is required. A professional finance qualification (e.g., ACCA, CIMA, CPA) is a plus.

How much experience is needed for this role?

A minimum of 4 years of experience in a similar commercial finance role is required, preferably in a fast-paced, high-growth environment.

What skills are essential for success in this position?

Strong analytical skills, proficiency in financial modelling, budgeting, forecasting techniques, advanced proficiency in Microsoft Excel, and excellent communication skills are essential for success.

What kind of work environment can I expect at Bits?

You can expect a dynamic and inclusive work environment in a rapidly growing fintech startup.

Are there opportunities for professional development?

Yes, we offer opportunities for professional development and career growth.

What type of financial analysis will I be involved in?

You will conduct detailed financial analysis, including profitability analysis, cost analysis, and variance analysis to support business decisions.

Will I be responsible for preparing financial reports?

Yes, you will prepare and present regular financial reports, including monthly management reports, KPI dashboards, and ad-hoc analyses as required.

What is the main focus of the Commercial Financial Analyst role at Bits?

The main focus is to drive financial performance and support strategic decision-making by providing insightful analysis and commercial insights.

Bits - Build Credit

Finance
Industry
11-50
Employees
2018
Founded Year

Mission & Purpose

Hi! We’re Bits, and we’re a Y Combinator backed startup that helps you build credit.