At a Glance
- Tasks: Support finance collections and recovery processes while collaborating with various teams.
- Company: Join the innovative BMW Group in a dynamic and supportive environment.
- Benefits: Enjoy a competitive salary, 27 days holiday, and exciting employee perks.
- Why this job: Gain hands-on experience in finance and automotive industries while making a real impact.
- Qualifications: Studying business or related fields; passion for finance and automotive is a plus.
- Other info: Perfect opportunity for future leaders to develop skills and grow their careers.
The predicted salary is between 21000 - 30000 £ per year.
Finance Collections & Recovery – Placement Year
We believe in creating an environment where our interns really can learn by doing and where they are given their own areas of responsibility right from the start of their time with us. That’s why our experts will treat you as part of the team from day one, encourage you to bring your own ideas to the table – and give you the opportunity to really show what you can do.
Our Summit ONE in Farnborough is home to the National Sales Company for the BMW Group in the UK, as well as BMW Group Financial Services which offers retailers, corporate and private customers a range of customised financial services. Alphabet (GB) Ltd. as a leading provider of Business Mobility Services is also located in Farnborough. We decided in November 2020 to bring together BMW Financial Services and Alphabet to stay relevant to our customers and continue to succeed in a rapidly changing business environment.
BMW UK, Financial Services, Farnborough – Finance Collections & Recovery – 13 Month Placement (July 2026)
The Finance Collections & Recovery Process Intern role reports to the Process Specialist in the Collections & Recovery Department, within the Operations function of BMW Group Financial Services.
The Collections & Recovery function is a business area with 4 teams; Business Customer Collections, Private Customer Collections, Recovery and Litigation.
The Collections & Recovery department are responsible for optimising customer contact to collect outstanding arrears whilst balancing customer needs against customer outcomes and company brand values.
Demonstrating a passion for process optimisation and continuous improvement, we’re looking for highly organised, self-motivated individual who can demonstrate an ability to apply themselves and excellent attention to detail. This is an excellent opportunity to gain experience of working with all areas of Collections & Recoveries as well as interacting with multiple stakeholders across the BMW Group Financial Services Operations functions.
What awaits you?
This internship would suit someone that\’s keen to get an overall insight of several different functions of a business and enjoys dealing with multiple stakeholders.
Responsibilities
- Support the continued Collections & Recovery process reviews by assisting with the organisation of process review workshops and completion of following up actions, including process mapping.
- Take ownership of & run a cross departmental weekly Change Huddle to create new ideas and initiatives for change.
- Support the management and implementation of the Business Change Enhancements raised by and implemented in Collections & Recovery.
- Work with the Collections & Recovery teams on actions for improvement driven from Quality Assurance results.
- Support in the creation of training material for Collections & Recovery.
- Supporting projects as required, including minute taking for steering committees and management meetings.
- Maintenance of the Collections & Recovery Process Management internal internet pages.
- Any other team tasks as required.
Qualifications
- The applicant should be studying towards a business related degree but is not a pre-requisite
- A genuine passion and interest in the automotive / finance industries.
- Confident user of Microsoft Office products such as Excel, Word, and PowerPoint.
- Good written and verbal communication skills.
- Ability to use your initiative and manage your own projects/workload autonomously.
- A source of innovation and creativity for our business as well as a resource that will challenge our norms. Our goal is to nurture a future leader for the BMW Group.
Why choose us?
- Great Pay – A competitive annual salary of £25,300, 27 days holiday per annum (pro rata to your contract) and an attractive pension scheme.
- Rewarding Work-Life Balance – Contracted working hours are 37.5 hours a week, Monday to Friday, helping you develop a fulfilling work-life balance.
- Exciting Additional Benefits – You will have the opportunity to enjoy other employee benefits, including a subsidised on-site restaurant and access to our Advantages scheme which gives you a range of offers and discounts.
What do you need to do now?
Apply early as we operate rolling recruitment—applications may close earlier if we receive sufficient interest. The process includes online testing, an assessment centre, and a virtual interview with the hiring manager.
- Returning to studies for at least 6 months after the placement.
- Proof of legal right to work in the UK.
At the BMW Group, we place great importance on equal treatment and equal opportunities. Our recruiting decisions are based on the personality, experience, and skills of the applicants.
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Finance Collections & Recovery - Placement Year employer: Bayerische Motoren Werke Aktiengesellschaft
Contact Detail:
Bayerische Motoren Werke Aktiengesellschaft Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Collections & Recovery - Placement Year
✨Tip Number 1
Get to know the company! Research BMW Group and its values, especially in Finance Collections & Recovery. This will help you tailor your conversations during interviews and show that you're genuinely interested.
✨Tip Number 2
Network like a pro! Connect with current or former interns on LinkedIn. They can share insights about their experiences and might even give you tips on how to stand out during the selection process.
✨Tip Number 3
Prepare for the assessment centre! Brush up on your problem-solving skills and be ready to showcase your creativity. Think of innovative ideas related to process optimisation that you can discuss.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining the team at BMW Group.
We think you need these skills to ace Finance Collections & Recovery - Placement Year
Some tips for your application 🫡
Show Your Passion: Make sure to express your genuine interest in the automotive and finance industries. We want to see that you're excited about the role and how it fits into your career goals!
Tailor Your Application: Don’t just send a generic CV and cover letter. We love seeing how your skills and experiences align with the specific responsibilities of the Finance Collections & Recovery role. Make it personal!
Highlight Your Skills: Be sure to showcase your proficiency in Microsoft Office, especially Excel, Word, and PowerPoint. We’re looking for someone who can hit the ground running, so let us know what you can do!
Apply Through Our Website: Remember to apply through our website! It’s the best way to ensure your application gets to us directly. Plus, it shows you’re serious about joining our team at BMW Group Financial Services.
How to prepare for a job interview at Bayerische Motoren Werke Aktiengesellschaft
✨Know Your Stuff
Before the interview, make sure you understand the basics of finance collections and recovery. Familiarise yourself with key terms and processes relevant to the role. This will not only help you answer questions confidently but also show your genuine interest in the field.
✨Showcase Your Organisational Skills
Since the role requires excellent attention to detail and organisation, prepare examples from your past experiences where you've successfully managed projects or tasks. Be ready to discuss how you prioritised your workload and what tools you used to stay organised.
✨Be Ready to Innovate
The company values creativity and innovation, so think of a few ideas or improvements you could suggest for the collections and recovery process. This shows that you're proactive and willing to contribute right from the start.
✨Practice Your Communication Skills
Good written and verbal communication is key for this role. Practice articulating your thoughts clearly and concisely. You might even want to do a mock interview with a friend to get comfortable discussing your experiences and ideas.