Management Accountant

OVERVIEW

At DF Capital, we champion banking for ambition. As an award-winning provider of commercial finance and savings, we empower depositors and small businesses with financial solutions tailored to fuel their growth. Headquartered in Manchester, our team of over 160, serves thousands of customers across the UK, transforming savings into new opportunities for businesses to thrive.

We’re passionate about helping our customers succeed. As we expand our retail and commercial lending products, we remain committed to meeting their evolving needs and supporting their ambitions every step of the way.

OUR STORY

Founded in 2016, DF Capital was born with a focus on distribution finance - providing dealers, distributors, and manufacturers with the funding they need to stock, display, and sell products, without straining cash flow.

Since then, we’ve delivered over £3.5bn of funding across diverse sectors. From motorhomes and machinery to motorbikes and lodges, we’ve financed all shapes and sizes of commercial vehicles and automobiles (no planes or trains - yet). We listed on the Alternative Investment Market of the London Stock Exchange in 2019.

BECOMING A BANK

In 2020, we became a fully authorised bank, extending our offering with savings products for retail depositors. We’re proud of our strong customer service, consistently achieving high satisfaction scores - like our current average rating of 4.8/5 from 1,200+ reviews, which also earned us a Platinum Trusted Service Award. The deposits we receive fuel UK businesses through our commercial lending, creating a virtuous cycle of growth.

WHERE WE’RE HEADED

Our goal is simple: to be the best bank - for our customers and each other. We put customer needs first, continuously looking to improve our proposition on their feedback. We aim to help more customers in more ways while continuing to deliver exceptional service.

How do we achieve this? By hiring people who care deeply about doing the right thing, we’ve been recognised as ‘World Class to Work For’ by Best Companies, and we're proud of our inclusive, sustainable, and progressive workplace.

OUR CULTURE

DF Capital is a very special place to work. We have an amazing team who commit themselves each and every day to bring our ambitious growth plans to life. We’ve achieved much on our journey so far, but we believe we have our best days ahead of us.

We’ve established a unique culture that is built on a virtuous circle where engaged and empowered employees, who are powered by a shared purpose, deliver great outcomes for our customers, our communities, the environment and ultimately our shareholders. This is why we are rated a world class place to work and are amongst the best companies to work for in the UK.

YOUR NEW ROLE:

As a key member of the Finance team, you will be supporting the Financial Controller with a broad range of tasks and responsibilities, from management and financial reporting duties to assisting on business-wide projects. You should be a proactive, motivated individual who has a drive for delivering high quality outputs, technical insights and a strong control mindset.

As DF Capital is a regulated bank and listed on the London Stock Exchange, you will gain exposure to a variety of different reporting requirements such as year-end accounts, interim results, trading updates, Board & ExCo reporting, monthly management accounts, quarterly and annual taxation returns. You will also assist the Financial Controller in other typical areas covered by the Financial Control function such as cost centre reporting, cost analysis, project budget tracking, and bank account management. By being competent and well organised, the Financial Controller should feel encouraged to delegate tasks to you.

DF Capital is a progressive bank with big ambitions. The business invests heavily into its systems and products as it strives to deliver its strategic objectives for customers and shareholders. You will play a key part in delivering these projects by representing the team’s requirements and interests to ensure these are captured within the project, particularly from a tax perspective. In this role you will form part of working groups, gaining cross-departmental exposure, and building strong business relationships with non-Finance colleagues.

You should embrace Technology and Change with a thirst to understand the inner workings of our systems and how you can extract more from them. You will be excited to work alongside our Change, Robotics and MI teams to improve Finance processes and controls.  You will be confident to challenge current financial control processes and utilise automation tools and AI to drive improvements and efficiencies.

You will assist the Financial Controller in preparing consolidated and company accounts to a high-standard and ensure the audit process runs smoothly and to schedule. You will also gain exposure to complex accounting areas such as IFRS 9 impairment provisioning, hedge accounting on swap derivatives and IFRS 16.

You will be an excellent communicator, able to express your opinion and ideas to all levels of management. At times you will need to convince others of your way of thinking so you must compose a strong viewpoint and use your negotiation skills to convince others. You will assist the Financial Controller in preparing well written internal compliance documents such as policies, accounting memos or internal SOPs.

You will be responsible for:

•  Production of monthly management accounts including completion of balance sheet reconciliations, P/L analysis, management reporting commentary etc. Prepare and process month end journals. Manage intercompany accounts and recharges. You will complete monthly commentary & variance analysis for presentation to the CFO.
• Prepare tax returns (VAT, CIT, ERS, P11D etc), assist with internal tax queries, and consider tax implications of new projects and business ventures. This will include liaising with our external tax advisors as required.
•   Proactively reviewing internal process and controls. Identifying areas of manual process, inefficiency and risk, and actively suggesting improvements to the control environment.
• Finance business partnering on projects as required. Working with other departments across the Group with an aim of achieving corporate objectives, improving operational efficiency, or enhancing the customer experience.
• Assisting with the preparation of year-end and half-year accounts in accordance with IFRS standards and London Stock Exchange reporting requirements.
• Assist in managing the audit process with our external auditors whereby ensuring the process is completed smoothly and to timetable. You will ensure audit points are monitored and escalated as required.
• Provide oversight and day-to-day management of junior team members.

ROLE REQUIREMENTS

Experience

• Qualified or certified accountant (ACA, ACCA, CIMA) – required
• MUST have Financial Services experience
• Industry background ideally in financial services – desirable
• Proficient in Microsoft Excel, able to use complex formulas, models etc.
• Tax accounting experience (VAT/CT returns, R&D, Capital Allowances) – desirable
• Experience using accounting systems (NetSuite, Sage, Dynamics) – desirable
• Process and controls improvement experience – desirable
• Experience using AI or other automation tools – desirable

OUR IDEAL CANDIDATE

Exceptionally self-motivated and reliable.

Strong accounting and tax knowledge, comfortable navigating and interpreting IFRS and HMRC guidelines.

A financial mindset and happy to dig into the numbers when required to provide explanations on variances.

Ability to manage and prioritise tasks.

Great problem-solving abilities.

Strong attention to detail.

Strong communication skills, both written and verbal.

Team player and able to work effectively with non-Finance colleagues.

• Competitive salary (dependent on experience)
• Private medical insurance for you and your partner/spouse
• 10% Employer pension contribution
• 30-day annual leave entitlement plus Bank/Public Holidays
• Free Gym Membership
• Discretionary annual bonus
• Discretionary share awards
• Life Assurance
• Income Protection
• Save As You Earn company share acquisition scheme
• Tax efficient salary sacrifice scheme to obtain bicycles and electric vehicles
• 4 days paid Volunteering leave to support our local communities
• Vibrant office location in lively city centre.