Finance 13 month Placement Schemes x 5

The Mercedes AMG High Performance Powertrains (HPP) finance placement is the ultimate opportunity to start your finance career in one of the most exciting sectors whilst gaining commercial experience, and could lead you to a graduate role in the team. Your passion can help push the boundaries of science and technology on the Formula 1 race track and the road.

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Job no: 493754
Work type: Student
Location: Brixworth
Department: Finance

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. Our state of the art hybrid Power Unit powered the Silver Arrows to win the Formula 1 World Constructors Championships in 2014, 2015, 2016, 2017 and 2018. Lewis Hamilton to win the Formula 1 World Drivers Championships in 2014, 2015, 2017 and 2018 and Nico Rosberg in 2016 breaking a number of records along the way. In 2019 we became the first team in history to achieve five 1-2’s in a row at the start of an F1 season. We are also proud to supply power units to Racing Point and ROKiT Williams Racing.

As well as Formula 1 we also work on innovative and high end engineering projects for Mercedes AMG such as the Project One hypercar; the first ever road legal formula one car. Mercedes will also be entering into Formula E in late 2019 for the 2020 season.

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.

We have five different roles within the finance team that we are recruiting for:

  1. Management Accounting: Formula 1 Product Design & Engineering
  2. Management Accounting: Formula E Product Design & Engineering
  3. Management Accounting: Project One Hypercar
  4. Management Accounting: Business Operations & Investment
  5. Financial Accounting:  Treasury, Transactions and Financial Reporting

Role Descriptions

  1. Management Accounting: Formula 1 Product Design & Engineering
  • Working closely with Formula 1 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 weekly Bill of Material cost variances to senior stakeholders;
  • Providing transparency of actual to budget variances and perform detailed analysis to find the underlying drivers, trends and forecast of future Formula 1 powertrain costs.
  1. Management Accounting: Formula E Product Design & Engineering
  • Working closely with Formula E Programme Management and Engineering Team Leaders 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 weekly Bill of Material cost variances to senior stakeholders;
  • Providing transparency of actual to budget variances and perform detailed analysis to find the underlying drivers, trends and forecast of future Formula E powertrain costs.
  1. Management Accounting: Project One Hypercar
  • Working closely with Project One Programme Management and Engineering Team Leaders and to provide regular costing updates and implications on the Project One Hypercar;
  • Work across different functional areas and develop your costing skills by providing transparency on actual vs budget production costs associated with the programme;
  • Performing detailed analysis on the power unit cost to find the underlying drivers and trends leading up to and including production.
  1. Management Accounting: Business Operations & Investment
  • Working closely with the key Operational business stakeholders where you will gain valuable experience providing  detailed variance analysis to the business partners;
  • Providing adequate transparency information on a monthly basis to our business investment team;
  • Providing project management support by maintaining schedules for key operational cost types;
  • Maintain the company consolidation tools and company budgets which feed into the director’s information pack
  1. Financial Accounting: Treasury, Transactions and Financial Reporting
  • Working closely with management to prepare daily cash flows, auditing weekly payment runs and expense payments and conducting month end Balance Sheet reconciliations, creditor/debtor analysis and maintenance;
  • Preparation of weekly and monthly KPIs, liquidity management, ratio analysis and accruals and prepayments;
  • Support opportunities for process improvement and corporate compliance
  • Assistance with submissions to HMRC (VAT, Corporation Tax and R&D claims).

Key Skills Developed

  • Financial analysis relating to your specific role and preparation of month end accruals and year end preparation for external annual audit and external reporting requirements under IFRS to Daimler AG;
  • Communication skills by reviewing your analysis conducted with senior stakeholders;
  • Exceptional Excel and PowerPoint skills;
  • Enterprise Resource Planning system (SAP).

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.

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

Our benefits package includes;

  • A salary of £18,500pa
  • Collective bonus
  • Company lease car scheme
  • 36 days annual leave
  • Access to a 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.

Placement Application Process

  • Submit your on-line application, CV and covering letter
  • Your application will be screened by HR and the hiring manager
  • If successful you will be invited to attend an Assessment Centre. Assessment Centre’s will take place between November 19 – March 2020
  • If successful your scheme will start in August 2020

Remember when on completing your application; think carefully about the relevant skills you can bring to the role from your academic career, work experience or extracurricular activities. We want to find out about you and what you are passionate about. Use plain English and make sure you give full details of your degree modules, your input into all relevant projects and work experience. We will want to see what your strengths are, what you’ve done and how this fulfils what we are looking for.

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.

Advertised: GMT Daylight Time
Applications close: GMT Standard Time

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