This vacancy is now closed

Chief Financial Officer - Edinburgh

Competitive Salary DOE + Share Options - Industry & Commerce - Executive/Management
Ref: 2710 Date Posted: Thursday 03 Jan 2019
LinkedIn ShareShare

The Company

Based in Codebase in Edinburgh, Money Dashboard is established as the UK’s leading personal finance app, serving over 175k consumers, and has won the 2018 British Bank award for best personal finance app. The award-winning app gives consumers the TrueView® of their financial position by: (i) consolidating all their current accounts, credit cards, and savings accounts & (ii) allocating each bank transaction into a distinct expenditure category using Mercury - Money Dashboard’s core engine. The company generates revenue by creating insightful market research from anonymised bank statement data, for example by helping hedge funds predict revenue announcements of listed companies.

Money Dashboard has very quickly gained traction with its target market, and counts the world’s most prestigious hedge funds, investment banks, and asset managers as subscribers, collectively paying more than £1m per year. Importantly, the revenue model scales with growth in the user base. A Data Client currently pays £65k per annum; this will rise to over £250k as they reach 500k users.

In order to capitalise on the explosive growth opportunity afforded by Open Banking, which launched in January 2018, the company is seeking to raise £5,000,000 to fund a Growth Strategy with an aggressive sales and marketing plan, stimulating growth to target annual revenues of >£20m in year 5.

The Company has raised £10m in equity financing to date, from Investors including Calculus Capital, Par Equity, the Scottish Investment Bank and their own users via a Crowdcube nominee.

The Company has a healthy and vibrant culture and it is vital that the candidate is eager to actively build the culture, particularly as the business enters a period of accelerated growth.

Our Purpose:

To help people from every walk of life be happier and more successful by putting them in control of their finances.

Our Values:

  • We collaborate: we talk, are curious about each other, are supportive

  • We own: we are accountable, diligent, hard-working, dedicated

  • We improve: we learn from mistakes, are honest about weakness

  • We are novel: we are adventurous, risk-taking, ambitious 


Background to the Current Opportunity

This is a fantastic opportunity for an individual to take a lead role in an exciting senior position at Money Dashboard. The role of CFO/COO is an integral part of the team and will be a direct support to the CEO and senior leadership team. Primarily, the role will support the rapid growth of the company with robust and effective management reporting, systems and processes. The CFO/COO will also be heavily involved in the commercial development of the business supporting the CEO in engagement with clients and investors and will support the wider business from an operational, HR, Legal, IT, governance, risk and controls perspective.

This position represents an excellent opportunity for a motivated finance leader who wants to work for a business that are in a very exciting stage of their growth story. In addition, the company will provide a firm career platform with a great opportunity for personal and professional development.

Key to success

The CFO/COO position requires a high calibre, qualified accountancy professional who has a proven track record in operational excellence and a strong background in continuous improvement around processes, procedures and systems along with excellent stakeholder management skills.

It is likely that the individual is a seasoned Finance Director or COO, but the role may suit a high calibre Financial Controller from a high growth organisation seeking their first opportunity in a lead finance and operations role. They will be comfortable working in a demanding environment and can develop, implement and manage effective changes across the business. It will be essential that the successful candidate can provide significant support to the CEO from a commercial analysis perspective, whilst overseeing the company’s financial operation and implement a measured dashboard of operational KPIs.

It is critical that the person will be accustomed to working within a PE backed environment that requires an appetite for calculated risk whilst acting as the custodian for the business at all times. Ideally the successful candidate will have experienced a fast-growing Fintech (or comparable fast growth, consumer-facing, tech business). It would be highly advantageous if they have successfully raised large round of equity finance or, better still, managed an exit process.

Money Dashboard are in an exciting period of growth with employee headcount expected to expand from 20 to 70 employees, so it is essential that the successful candidate displays an ability to work at pace but also be very clear in their communications to the business and develop an environment of operational excellence.

A summary of the key candidate requirements are as follows:

  • A qualified finance professional with a strong academic record and business acumen and general business qualifications such as MBA or equivalent.

  • Team player with an enthusiastic, positive can-do attitude with the gravitas to lead, inspire, influence and innovate

  • Growth mindset and desire to achieve

  • Prior experience in fundraising, Private Equity and have either led a listing or exit process.

  • Demonstrable competency in strategic planning/business development and proven experience in an

    advisory or strategic leadership role

  • Strong experience in implementing systems, processes, procedures and operational KPIs

  • Track record of developing and nurturing talent within teams

  • Able to meet deadlines and work under pressure

  • Strong self-awareness with a high level of emotional intelligence and interpersonal skills

  • Self-starter, tenacious and inquisitive – uses initiative to identify opportunities and solve problems

Above all, this person must be an active participant in the operation and proactive in their approach to initiatives or tasks that may not necessarily be written in a job description along with being a company ambassador for their Purpose, Mission and Values.

Job description

The challenge of the COO role will be to navigate between strategy and detail, to bring passion to the role and to add strategic value across the business.

The successful candidate will need to be able to cope with uncertainty and add credibility through clear communication to Board and leadership team.

Reporting directly to the CEO, the successful candidate will be responsible for the following:

  • Overseeing daily operations of the company and the work of the teams (IT, HR, Finance, Legal etc.)

  • Supporting CEO in Series B Fundraising round of £5m

  • Leading the company’s growth in employee headcount

  • Diagnose and formulate pragmatic solutions for the inevitable “growing pains”

  • Involvement in negotiating commercial terms and contracts for partnership deals

  • Co-designing and implementing strategy, plans, operations and procedures

  • Setting KPIs for performance and growth throughout the business

  • Establishing activities to promote company culture and vision

  • Evaluate performance by analysing and interpreting data and metrics

  • Write and submit reports to the CEO and Board as required

  • Assist the CEO in further fundraising ventures when required

  • Chairing the Compliance Committee meetings

  • Participate in expansion activities (investments, acquisitions, corporate alliances, office moves etc)


Package on offer

Salary:                        Competitive salary DOE, Share options

Benefits:                   33 days annual leave (30 flexible days + 3 fixed days are Christmas Day, Boxing Day, and New Year's Day). We have one additional "hot day" allowance, for staff to take off on the rare occasion it gets hotter than 22 degrees in Edinburgh! We also offer a cycle to work scheme and various other perks through Perkbox (currently including mobile phone insurance worth £100+). A pension scheme commenced April 2017, with employer contribution of 1% on pensionable earnings.

HQ:                           Edinburgh (but candidate must be prepared for regular travel to London and occasional shorter trips further afield (e.g. New York, Hong Kong etc).


All applications should be sent to Daryl Harper, iMultiply, at Please note any direct or third-party introductions will be sent to iMultiply for review and assessment