Finance Graduate

Mercedes AMG High Performance Powertrains Ltd; Brixworth; On-site; GBP 30,000 - 36,000; Full time

Benefits offered by this job

ICAEW ACA training

Collective bonus

Lease car scheme

36 days annual leave

Private healthcare

Onsite gym

Staff discounts

Job summary

Mercedes AMG High Performance Powertrains in the United Kingdom offers a three-year graduate finance placement based in Brixworth. You will work with the Finance team on costing, budgeting and reporting while training under the ICAEW ACA program.

The role is office-based at a state-of-the-art facility in Northamptonshire and involves exposure to multiple departments across the value chain. You will develop costing, forecasting and financial reporting skills, contribute to KPI preparation and

Qualifications

• Achieved a First or 2:1 in Accounting, Finance, Economics, Maths, Physics or other numerate degree.
• Strong academic background in relevant A Level disciplines, e.g. maths or sciences.

Responsibilities

• Provide product costing updates and budget implications based on Engineering changes.
• Track, analyse and report weekly cost variances to senior stakeholders.
• Analyze actual vs budget variances and forecast future powertrain costs.
• Assist with cash flows and month-end balance sheet reconciliations.
• Support month-end/year-end tasks and audit documentation.

Skills

Data extraction

Data cleansing

Data analysis

Excel skills

PowerPoint skills

Stakeholder communication

Education

Accounting/Finance degree

Economics degree

Maths/Physics degree

Tools

ICAEW ACA training

Job description

The Mercedes AMG High Performance Powertrains (HPP) graduate role is the ultimate opportunity to start your finance career in one of the most exciting sectors whilst gaining commercial experience. Your passion can help push the boundaries of science and technology on the race track and the road.

The Finance function is closely aligned to overall business operations and works directly with senior stakeholders and engineering to providing accurate analysis and financial reports to our business partners both internally and externally. We deliver transparency, control and information to aid the decision making process.

The graduate role will be across three years and you will get exposure across multiple projects in the business, including:

• Formula 1 Product Design & Engineering
• Business Operations
• Automotive, Project One & Future Projects
• Treasury, Transactions and Financial Reporting

You will also be enrolled in the ICAEW ACA training program which you will complete during your graduate scheme.

When completing the graduate scheme you will:

• Work closely with the respective Programme Management to provide product costing updates and budget implications based on the latest Engineering changes;
• Work across different functional areas and develop your costing skills by tracking, analysing and reporting detailed weekly cost variances to senior stakeholders;
• Provide transparency of actual to budget variances and perform detailed analysis to find the underlying drivers, trends and forecast of future powertrain costs;
• Gain exposure to and optimise the Formula One financial regulations
• Maintain the company consolidation tools and company budgets;
• Support with the company’s business operations & investment team including month end tasks and work alongside business partners;
• Prepare weekly and monthly KPIs, ratio analysis and support with accruals and prepayments;
• Work closely with management to prepare cash flows, conduct month end Balance Sheet reconciliations and creditor/debtor analysis;
• Support with the company’s month end / year end tasks, including supporting audit documentation.

The candidate:

Qualifications

• Achieved a First or 2:1, in a (or combination of) Accounting, Finance, Economics, Maths, Physics or other numerate degree;
• A strong academic background in relevant A Level disciplines, for example maths or sciences (or equivalent qualifications).

Attributes

• Able to demonstrate pro-activeness, go getter, experience of process improvements and dealing with senior stakeholders;
• Solution driven and focused;
• Not afraid to collaborate with or challenge senior stakeholders;
• Adaptable to respond to ad-hoc requests for financial information in a quick and effective manner;
• Excellent communicator, not afraid to take responsibility and deliver to tight timelines;
• Team player and be adaptable to meet business demands;
• People who are willing to go the extra mile to help the team succeed.

Skills

• Data extraction, data cleansing and data analysis;
• Communication skills by reviewing your analysis conducted with senior stakeholders;
• Exceptional Excel and PowerPoint skills.

Experience

• Supporting stakeholders in identifying countermeasures to address issues which pose a risk or opportunity to the programme budgets
• Supporting business partners with a view to evolving and improving business processes with a particular focus on cost accuracy, increasing financial transparency and improving the efficiency of management reporting;
• Providing ad-hoc financial analysis of programme spending to senior stakeholders as and when required;
• Report writing to non-financial stakeholders;
• Influencing and challenging senior stakeholders;
• FP&A.

Additional information

We offer you the opportunity to work alongside and learn from the Finance team in a fast paced environment and become fully integrated into the team.

During this placement you will be given the opportunity to gain real responsibility for delivering support to the business whilst being encouraged to maximise your potential. You will be partnering with multiple different departments along the value chain and helping them achieve their business objectives and goals.

As a team we pride ourselves on sharing knowledge and developing our students during their three year graduate placement and helping you develop your key business skills.

We are based in Brixworth, Northamptonshire, in a state of the art research and development centre. This role is entirely onsite

Our benefits package includes

• Salary: £33,000
• ICAEW ACA training programme
• Collective bonus
• Company lease car scheme
• 36 days Annual Leave
• Access to private healthcare and generous pension scheme
• Onsite Gym
• A variety of other benefits and staff discounts