OakNorth is the next-generation credit and monitoring platform that provides banks and lending institutions with the insight and foresight needed to create a better borrowing experience for the Missing Middle the growth business who are the backbones of communities and economies globally but who have been in bankings blind spot for decades.
The business was founded in 2015 by Rishi Khosla and Joel Perlman, who previously co-founded Copal Amba and grew it to 3,000 employees over 12 years, before selling it to Moodys (NYSE MCO) in 2014, returning 125 times capital to seed investors.
Since its inception, OakNorth has secured over $1bn from several investors, including Clermont Group, Coltrane, EDBI of Singapore, GIC, Indiabulls, NIBC, Toscafund, and SoftBanks Vision Fund.
The Platform has been deployed at various banks across North America, Europe, and Asia, and in the UK where OakNorth lends off of its own balance sheet via OakNorth Bank.
The platform has helped OakNorth Bank become the fastest-growing business in Europe according to the Financial Times FT 1000 (2020), profitably lending over 4bn to date.
In terms of the impact this has had on the economy, OakNorth Banks loans have directly helped with the creation of 13,000 new homes and 17,000 new jobs in the UK, as well as adding several billion pounds to the economy.
With offices in London, New York, Manchester, Singapore, Hong Kong, Shanghai, Istanbul, Gurgaon and Bangalore, the global team across the OakNorth Holdings group is over 800 people.
Opportunity This position will work with the Group Finance team on loan accounting, analysis of implementation of new core banking system, testing of transactions in the test system, noting points for improvements and updating log maintenance systems.
This position reports to the Associate Director Finance. Job Responsibilities Specific responsibilities include the following Loan accounting and reconciliations Bank and funds management Testing new prototype lending management system Checking journal transactions Review of test environment, UAT environment and pre-live environment Accounting entries for data migration from one accounting system to another Review of fee amortization per IFRS 9 Day to day accounting and reconciliations Loans and deposit reconciliation Accounts payable transaction booking Month end closing Payroll accounting Review of accounts payable and accruals Required Skills Chartered Accountant is desirable Around 3 to 5 years of accounting experience in an accounting and project management Ability to work within stiff timelines Strong proficiency in MS-Office applications - Excel, Word & Outlook Advanced excel and typing skills Good written and oral communication skills essential Communication skills essential