Trainee Management Accountant

2 months ago

Biggin Hill, United Kingdom Formula 1 Full time

Formula 1 is a global motorsports business that holds exclusive commercial rights with respect to the World Championship, an annual, approximately nine-month long, motor race-based competition. Formula 1 is responsible for the commercial exploitation and development of the World Championship as well as various aspects of its management and administration.
- The ongoing increase in the popularity of F1 and the associated growth of the Group has meant that the F1 Media and Technology Centre (MTC) in Biggin Hill has a requirement for additional resource to support the increasing workload of the Finance Department.

The role
- The Trainee Management Accountant (TMA) will work as part of a Management Accounting team within the broader Finance function supporting those F1 functions that are run from the MTC which include: Logistics, TV production, Media engineering, Digital, Track Systems, IT, HR, Travel and Electronics.
- This is also an opportunity to begin to understand the role of financial partnering and to work closely with a number of exciting business areas at the very heart of the production of the F1 international TV feed, watched by millions of viewers the world over.

**Responsibilities**:

- Financial planning: assisting and supporting managers with the compilation of annual budgets and quarterly forecasts for their areas of responsibility.
- Financial reporting: track actual results against budgets/forecasts and on a monthly basis produce meaningful reporting on variances.
- Financial analysis: assist with the evaluation and review of proposed projects taking into consideration financial costs/benefits as well as other non-financial metrics.
- Develop relationships/work in conjunction with the Accounts Payable and Procurement Teams.
- Undertake other duties as assigned by their manager from time to time and generally to contribute positively to the output of the department.

Educational background
- We are first and foremost looking for someone with a strong academic background. Ideally that would be a degree in an analytical, mathematical or IT area, from a Russell Group university.
- That said, exceptional academics at school level, from another insitution or in another qualification would be considered.

Experience
- Given that this role is predominantly aimed at a newly qualified graduate we understand that relevant experience will be limited.

Other areas of knowledge & skills that are not essential but would be highly beneficial include:

- Any VBA knowledge
- Experience of database interrogation
- Any experience or understanding of SQL
- Any experience or understanding of Microsoft Power BI
- PowerPoint - intermediate to advanced
- Excellent and Advanced MS Excel skills
- Evidence of experience handling data and presenting in a formal way
- Presentation skills

Other attributes that would be highly beneficial.
- Ability to support and build relationships with colleagues and stakeholders
- A meticulous worker who displays good attention to detail.
- A dedicated team player who is prepared to work longer hours during certain limited key points of the year when deadlines need to be met.
- Sound communication skills, both written and oral. Good use of English is essential, and that extends to grammar and mode of address.

Location
- The role is based at F1’s Media and Technology Centre in Kent - a newly refurbished premises with TV production suites, modern offices and a subsidised canteen and coffee bar.
- Work is predominantly office based with the option for limited home working around Grands Prix. There may be very occasional, infrequent attendance at F1’s head office in London’s West End.

Remuneration
- An attractive salary, commensurate with prevailing market rates for an entry level trainee role in finance, will be offered.
- Funded training for CIMA with additional leave allowance for study

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