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For Companies At a Glance
- Tasks: Support the finance team by processing transactions and maintaining records in a dynamic environment.
- Company: Join Formula E, a pioneering motorsport series focused on sustainability and innovation.
- Benefits: Enjoy flexible working options, professional development opportunities, and a vibrant company culture.
- Why this job: Gain hands-on experience in finance while contributing to a sustainable future in motorsport.
- Qualifications: A degree in finance or accounting; experience in finance teams is a plus.
- Other info: Opportunity to work with diverse teams and learn about international finance.
The predicted salary is between 28800 - 43200 £ per year.
Your Role
To provide essential support to the finance department by accurately processing financial data, maintaining records, and assisting with various accounting tasks in a fast-paced environment.
Key Deliverables
Accurate day-to-day processing of financial transactions, support in month-end tasks and taking ownership of allocated tasks to meet deadlines.
Duties & Responsibilities:
- Accounts Payable team support – input new supplier details in system, post invoices, check purchase orders, update bank details (about 10% of time)
- Accounts Receivable team support – quote preparations, update Smartsheet for paid/raised invoices, take credit card payments, issue invoices when needed
- Ownership of daily payment allocation– upload banking as a priority each day from multi-currency banks in various countries and allocate payments, follow up with any outstanding items
- Assistance with input of payments (recurring weekly – urgent payments – and twice a month standard payment runs)
- Credit Cards management (PLEO) – post monthly journals in time for month-end closing, check receipts, manage new cards, review for non-compliance
- PSA tax calculations – assist with preparation of data for the annual tax calculation
- Submission of monthly, quarterly & annual National Statistics surveys
- Ownership of Berlin local invoices tracker – regular communication with local team to ensure all invoices received, correct, and cash balance agreed
- Assist the Finance Department with ad hoc financial & administration tasks, such as:
- Help with Brazil/Japan/Mexico/Spain local accounts – add reconciliation data in files
- Assist with VAT returns in various countries
- Help with Audit queries – bank statements, invoice requests
- Filling in various tax & legal forms as requested
- Prepayments, accruals, journal reclasses, FX postings, lease journals etc.
What We Are Looking For
Experience required:
- Experience working in finance/accounting team preferred
- Experience with software system (SAP) however full training will be given for those without
Knowledge required:
- Understanding of VAT
- Basic accounting knowledge (double entry, invoicing, reconciliations)
- Other languages are a plus – Spanish, Japanese, Arabic, Portuguese etc.
Skills and aptitudes required:
- Ability to meet deadlines and handle multiple priorities effectively
- Good verbal and written communication skills for collaborating with internal teams and external stakeholders
- Intermediate Excel skills
Professional Membership:
- Working towards CIMA, ACCA or similar qualifications
Personal qualities required:
- Team player
- High level of accuracy and attention to detail is a must
- Quick & keen learner
- Ability to work unsupervised and be proactive
Interests:
- Interested in learning new things and developing new skills
Educational attainment:
- Degree in finance or accounting
Circumstances:
- Live in London or have the ability to travel to the office 2-3 times a week
What\’s in it for you?
Check out the rest of our Perks & Benefits here!
Application Process
Think you’ve got what it takes to join our race to the future?
The closing date for this role is 18th March 2025, however if we receive a high volume of applications we may close it early.
We’ll see you at the starting line!
¡VAMOS!
If this role isn’t quite for you but you want to join Formula E, why not ‘Connect’ with us here to be the first to know of new opportunities!
Formula E is proud of our commitment to EDI and welcomes applications from underrepresented groups. We wish to provide equal opportunities regardless of an individual\’s protected characteristics. We believe in attracting and retaining a diverse workforce to enrich Formula E with a variety of experiences, backgrounds, and perspectives.
If you require further assistance in accessing the application or require a different format of the application please contact recruitment@fiaformulae.com
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Junior Finance Assistant employer: Formula E
Contact Detail:
Formula E Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Junior Finance Assistant
✨Tip Number 1
Familiarise yourself with the key financial software mentioned in the job description, particularly SAP. Even if you haven't used it before, showing that you've done your research and understand its functionalities can set you apart.
✨Tip Number 2
Brush up on your VAT knowledge and basic accounting principles like double entry and reconciliations. Being able to discuss these topics confidently during an interview will demonstrate your readiness for the role.
✨Tip Number 3
Highlight any experience you have with multi-currency transactions or international finance. This is particularly relevant given the role's focus on payments from various countries, and it shows your ability to handle diverse financial tasks.
✨Tip Number 4
If you speak any additional languages, especially Spanish, Japanese, Arabic, or Portuguese, make sure to mention this in your discussions. It could be a significant advantage in a role that involves communication with international teams.
We think you need these skills to ace Junior Finance Assistant
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to grasp the responsibilities and requirements of the Junior Finance Assistant position. Tailor your application to highlight relevant experiences and skills that align with the role.
Highlight Relevant Experience: If you have prior experience in finance or accounting, make sure to detail it in your CV. Mention specific tasks you've handled, such as accounts payable or receivable, and any software systems you've used, like SAP.
Showcase Your Skills: Emphasise your skills in Excel and your ability to meet deadlines. Provide examples of how you've effectively managed multiple priorities in previous roles, as this is crucial for the fast-paced environment described.
Craft a Strong Cover Letter: Write a compelling cover letter that expresses your enthusiasm for the role and the company. Discuss your interest in finance, your eagerness to learn, and how you can contribute to the team’s success.
How to prepare for a job interview at Formula E
✨Show Your Financial Knowledge
Brush up on basic accounting principles, especially double entry and invoicing. Be prepared to discuss your understanding of VAT and how it applies in different contexts, as this will demonstrate your foundational knowledge in finance.
✨Demonstrate Attention to Detail
Since accuracy is crucial in finance roles, be ready to provide examples from your past experiences where your attention to detail made a difference. This could include specific tasks where you caught errors or improved processes.
✨Highlight Your Software Skills
Even if you haven't used SAP before, mention any experience with similar software systems. If you have intermediate Excel skills, be sure to highlight them, as they are essential for data processing and analysis in this role.
✨Prepare for Team Collaboration Questions
As a Junior Finance Assistant, you'll need to work closely with various teams. Think of examples that showcase your ability to collaborate effectively, communicate clearly, and manage multiple priorities, especially in a fast-paced environment.
