Finance Placement

Higherin; Brixworth; Hybrid; GBP 26,000 - 35,000; Full time

Benefits offered by this job

Salary: £30,000 p/a

Collective bonus

36 days annual leave

Private healthcare

Onsite Gym

Staff discounts

Job summary

Mercedes AMG HPP offers a Finance Placement Student role within its Formula One division, based in the UK. You will support budgeting, forecasting and cost analysis across Engineering and Operations, using SAP, Excel and PowerPoint to deliver actionable insights.

You will partner with various departments, gain exposure to month-end activities, and develop financial modelling and reporting capabilities in a high-performance environment.

Qualifications

• Currently studying and on track for a First or 2:1 in a numerate degree.
• Strong numerical and analytical skills with budgeting/forecasting exposure.
• Experience with SAP, Excel and PowerPoint is advantageous.
• Able to work with stakeholders across Finance, Engineering and Operations.

Responsibilities

• Support the Finance team in working with Formula One Engineering and Operational stakeholders to understand product cost changes, assess budget impacts and provide financial insight.
• Assist with variance analysis, investigating differences between actual and budgeted costs and supporting the forecasting of Formula One powertrain expenditure.
• Analyse large and complex data sets to produce meaningful insights and support reporting in line with FIA Cost Cap requirements.
• Contribute to the development and continuous improvement of financial models, reporting tools and processes to enhance cost visibility and efficiency.
• Assist with the month-end close process, including the preparation of journals, accruals and prepayments, helping to ensure accurate and timely financial reporting.
• Build positive working relationships across Finance, Engineering and Operations, gaining exposure to business partnering within a high-performance Formula One environment.

Skills

Curious

Excellent communicator

Team player

Adaptable

Driven

Education

Accounting/Finance degree

Economics/ Maths or numerate degree

Tools

SAP

Excel

PowerPoint

Job description

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.

Finance Placement Student – Formula One

• Support the Finance team in working with Formula One Engineering and Operational stakeholders to understand product cost changes, assess budget impacts and provide financial insight.
• Assist with variance analysis, investigating differences between actual and budgeted costs and supporting the forecasting of Formula One powertrain expenditure.
• Analyse large and complex data sets to produce meaningful insights and support reporting in line with FIA Cost Cap requirements.
• Contribute to the development and continuous improvement of financial models, reporting tools and processes to enhance cost visibility and efficiency.
• Assist with the month-end close process, including the preparation of journals, accruals and prepayments, helping to ensure accurate and timely financial reporting.
• Build positive working relationships across Finance, Engineering and Operations, gaining exposure to business partnering within a high-performance Formula One environment.

Key Skills Developed

• Gain practical experience in budgeting, forecasting, variance analysis and month-end financial reporting within a high-performance engineering environment.
• An understanding of how finance supports engineering and operational decision-making by working with a range of stakeholders across the business.
• Confidence in analysing large and complex data sets to identify trends, investigate variances and provide actionable financial insights.
• Develop experience using financial systems and reporting tools such as SAP, Excel, Powerpoint and other industry leading software’s
• Communication and stakeholder management; presenting financial information to both finance and non-finance colleagues across Engineering, Operations and Business Functions.
• Strengthen your teamwork, organisation, time management and communication skills while working in a collaborative, high-performance culture.

What can we offer you?

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 13 month placement and helping you develop your key business skills.

Our benefits package includes;

• A salary of £30,000 p/a
• Collective bonus
• 36 days annual leave
• Access to private healthcare and generous pension scheme
• Onsite Gym
• A variety of other benefits and staff discounts

What are we looking for?

• Curious, tenacious and driven individuals who thrive in a fast paced environment;
• Currently studying and on track for 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);
• 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.

About the Company

At Mercedes AMG HPP we are responsible for the design, manufacture, testing and racing of the World Championship winning Formula 1 hybrid power units used by the Mercedes AMG PETRONAS Formula 1 team.

In 2021, we became the first team in history to win eight back to back constructors World Championships and are also proud to supply power units to McLaren, Alpine Racing and Williams Racing teams.

As well as Formula 1 we work on innovative and high-end engineering projects for Mercedes-Benz AMG and MBRD such as the Project One Hypercar; the first ever road legal formula one car and the vision EQXX which achieved a new milestone of 1,202km on one charge in June 2022.

We are based in Brixworth, Northamptonshire, in a state-of-the-art research and development centre for the Mercedes-Benz Group.

We recognise that the ideal candidate for this role may not meet every requirement in this advert and understand that some applicants are less likely to apply to jobs unless they meet every single qualification. Here at Mercedes AMG HPP our people are our strength and the diverse talents they bring are critical to our success. HPP does not discriminate on the basis of race, colour, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status or group or class protected by any local law and we encourage applications from any background.

During your application process we are committed to providing additional support where it may be needed. If you need additional financial support to help attend Assessment Centres and Interviews you can apply to be considered to receive our Interview Travel Bursary which will provide full reimbursement for any travel expenses incurred. At the point of a successful invitation to interview please raise this with your Recruitment contact at HPP.

Please note, due to the volume of applications we receive, there may be periods of time during the process where you don’t hear anything from us. Don’t worry! We will advise you of the outcome of your application regardless of the result so please bare with us. Please be advised that we are unable to provide detailed feedback to applicants, apologies for any inconvenience.