Finance Graduate - Immediate Start

Company: Mercedes AMG HPP Job Title: Finance Graduate Department: Finance The Mercedes AMG High Performance Powertrains (HPP) finance graduate scheme 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 permanent role in the team. Your passion can help push the boundaries of science and technology on the Formula 1 race track and the road. 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, Aston Martin 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. 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.

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Job no: 497250
Work type: Student
Location: Brixworth
Department: Finance (Div)

The role:

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

  1. Formula 1 Product Design & Engineering;
  2. Formula E, Business Operations & Investment;
  3. Automotive, Project One & Future Projects;
  4. 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 and perform detailed analysis to find the underlying drivers, trends and forecast of future powertrain costs;
  • 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;
  • 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 for the Daimler Group.

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

Online application: 

  • Complete application form;
  • Upload CV – Maximum 2 pages;
  • Upload cover letter – Maximum 1 page;
  • Interviews will be held with successful candidates
  • If successful, your role will start immediately

 

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.

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