At a Glance
- Tasks: Support financial planning, reporting, and data management while learning from experienced professionals.
- Company: Dynamic banking institution with a focus on innovation and teamwork.
- Benefits: Hybrid working model, professional development, and potential for career advancement.
- Other info: Perfect for those eager to learn in a fast-paced environment.
- Why this job: Gain hands-on experience in finance and work towards professional accounting qualifications.
- Qualifications: Interest in finance, strong organisational skills, and proficiency in Microsoft Office.
The predicted salary is between 18000 - 25000 £ per year.
This apprenticeship role supports the Head of FP&A with monthly reporting, strategic planning, financial data management, and continuous improvement of Workday Adaptive Planning and related reporting tools. It also includes working across finance teams, handling ad hoc requests and projects, and progressing toward professional accounting qualifications.
Hybrid Working: 3 days onsite, 2 from home
Location: City of London
Contract Type: Permanent
Key Work Outputs and Accountabilities:
- Assist the Head of FP&A in the various elements of the financial planning and analysis processes.
- Assist in monthly processing to load financial data to Workday Adaptive.
- Use Workday Adaptive Planning to support the running of monthly MI for the business and key stakeholders.
- Clean up and improve Office Connect linked Excel files used for monthly reporting.
- Assist in the planning for the strategic Plan process.
- Assist the Head of FP&A to build the Strategic Plan across the business, liaise with business stakeholders through the process, and design presentational material for senior management forums.
- Handle ad hoc requests received from multiple areas of the Bank.
- Assist in the refresh of cost allocation drivers used in key metric calculations.
- Spend time with other areas of Finance including Regulatory reporting, Financial Control and Finance systems to build a holistic view of finance and how FP&A interact and work with all finance areas.
- Contribute to projects and initiatives as required.
- Pick up additional ad hoc activities as directed.
- Develop a high level of proficiency in the use of Workday Adaptive Planning and support the FP&A head in its future development.
- Complete professional accounting exams within realistic timeframes.
Required Qualifications and Experience:
- A keen interest in Financial Planning and Analysis, and data.
- Strong organisational skills with great attention to detail.
- Strong analytical skills/thinking towards financial data to spot trends, anomalies and patterns.
- Excellent communication and interpersonal skills.
- Ability to manage multiple tasks and work in a fast‑paced environment.
- Proficiency in Microsoft Office (Word, Excel, Outlook).
- A proactive and positive approach with a willingness to learn.
- GCSEs (or equivalent) in English and Maths (Grade C/4 or above).
- No prior banking experience required; any administration or customer service experience is beneficial.
- Eligibility to work in the UK.
Apprentice FP&A employer: BACB
As an Apprentice FP&A at our esteemed financial institution in the heart of the City of London, you will be part of a dynamic and supportive work culture that prioritises employee growth and development. With a hybrid working model, you will enjoy the flexibility of working from home while also gaining invaluable experience through hands-on involvement in financial planning and analysis processes. Our commitment to continuous improvement and professional qualifications ensures that you will have ample opportunities to advance your career in a rewarding environment.
StudySmarter Expert Advice🤫
We think this is how you could land Apprentice FP&A
✨Get Involved with Campus Recruitment Events
Apprenticeships in banking and financial services often come through campus recruitment days. Keep an eye out for events hosted by your university or local banks, as these can be golden opportunities for us to meet recruiters face-to-face and make a great first impression.
✨Engage with Professional Bodies
Join organisations like the Institute of Chartered Accountants or the Chartered Institute of Banking. These memberships can provide valuable resources and networking opportunities, plus, they often have dedicated sections for apprenticeships and early-career roles that can point us in the right direction.
✨Follow the Right Companies on Social Media
Banks and financial services firms love to share their stories on social media! Follow companies like BACB to keep up with their latest apprenticeship opportunities and insider news. Engaging with their posts could give us an edge when it comes to the application.
✨Utilise Your University’s Career Service
Your university's career service is a treasure trove of information for apprenticeships in banking. They often have connections to employers like BACB, so don't hesitate to tap into their resources and advice!
We think you need these skills to ace Apprentice FP&A
Some tips for your application 🫡
Show Off Your Maths Skills:In the banking and financial services sector, being good with numbers is a must! Make sure to highlight any relevant maths qualifications or experience in your application, as well as any projects or coursework that demonstrate your analytical skills.
Emphasise Your Willingness to Learn:As this is an apprenticeship, companies like BACB want to see your enthusiasm for the industry and your eagerness to learn. In your cover letter, chat about why you’re interested in banking and any specific areas you’re excited to explore. Show them that you’re ready to soak up knowledge like a sponge!
Highlight Relevant Experience (Even If It's Limited):Whether it's a part-time job, volunteer experience, or even a school project, mention any relevant experience related to banking or finance. This could include customer service roles or any projects where you handled budgeting. We’re all about showing how you can apply your skills, even if they’re from unconventional backgrounds.
Tailor Your CV for Impact:Make sure your CV isn’t just a list of duties. Tailor it to reflect skills that appeal to financial services, like attention to detail and communication skills. Don’t forget to keep it clear and concise, showing how you’re a perfect fit for the apprenticeship at BACB!
How to prepare for a job interview at BACB
✨Brush Up on Financial Principles
Since you're diving into the banking and financial sector with an apprenticeship, it’s crucial to familiarise yourself with key concepts like interest rates, investment strategies, and basic financial accounting. Make sure you can share your understanding of these principles during the interview, as they'll likely pop up in practical scenarios.
✨Be Ready for Scenario-Based Questions
In the world of banking, interviewers love to throw real-world scenarios at you. Prepare for questions that ask how you'd handle customer inquiries or solve financial challenges. Practising these types of situational responses can really showcase your problem-solving skills and customer service abilities, both of which are essential in this field.
✨Show Your Eagerness to Learn
As an apprenticeship candidate, what's going to set you apart is your motivation to learn and grow in the role. Be sure to express your excitement about entering the banking world and highlight any steps you've already taken to educate yourself, whether through courses, workshops, or relevant hobbies.
✨Prepare Your Questions About Company Culture
When interviewing with BACB, don’t shy away from asking about their company culture and training programmes for apprentices. This shows that you're not only focused on the role but also interested in how you'll fit within the team, which is a major factor for your future success in the apprenticeship.
