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- Tasks: Support financial decision-making and manage risks while preparing key business reports.
- Company: Join a dynamic finance team in Birmingham, focused on delivering value to commercial activities.
- Benefits: Enjoy exclusive travel discounts, cinema ticket savings, and a contributory pension scheme.
- Why this job: Gain hands-on experience in finance, build relationships, and grow your career with tailored learning programmes.
- Qualifications: Finance graduate or some accounting experience; passion for finance and strong analytical skills required.
- Other info: Opportunity to work with tools like SAP and Power BI while embracing a diverse and inclusive culture.
The predicted salary is between 28800 - 43200 £ per year.
Job Title
Finance Assistant (Level 1)
Reporting to: Assistant Finance Manager
Location: Parklands, Birmingham, UK
Overview of the role
Reporting to the Assistant Finance Manager, the Level 1 Finance Assistant will work as part of the sector Finance team delivering financial support to the Business sector. Through effective business partnering, the role will continually improve service levels, cost effectiveness and add value to commercial activities undertaken.
Key Accountabilities
Purpose: Commercial Support
- Help to business partner key stakeholders (financial and non-financial) ensuring strong commercial and operational decision making, managing financial risks and opportunities
- Aid in delivering proactive ad-hoc financial analysis to support business unit decision-making.
- Understand and manage the financial risks and opportunities arising from volumetric and other contract mechanisms – and ongoing business performance.
- Understand and highlight the financial risks and opportunities arising from balance sheet maintenance.
People: Relationship Management
- Working effectively as part of a team.
- Building relationships with key stakeholders.
Performance
- Help prepare key business reporting such as month end reports, business reviews, client reports, budgets, cash analysis and other ad-hoc analysis to be discussed at monthly review.
- Monthly balance sheet review for area of responsibility, escalating key risks and opportunities to senior stakeholders.
- Support closing monthly accounts ensuring sales and costs are accurately and appropriately recognised.
- Promote working capital improvements through timely, accurate contract billing, active management of debt ledgers and timely resolution of queries.
- Support with the budgeting and forecasting process by consolidating the budget, understanding variances and preparing the budget presentation for senior stakeholders.
Candidate Requirements: Key Skills, Knowledge & Experience
Essential:
- Finance graduate or with some experience in accounting roles
- Demonstrate passion for Finance and an understanding of management accounting
- Analytical and with a high level of attention to detail
Desirable:
- Ability to adapt to a changing environment
- Good knowledge of Excel
- Experience of SAP and Power-bi as analysis and reporting tools
- Considering or actively studying Accountant in CIMA/ACCA/ACA
Performance Standards
- Excellent communication skills – ability to communicate oral and written information concisely and logically – to both finance and non-finance stakeholders
- Pro-active and energetic approach
- Ability to analyse and evaluate information concisely
- Self-motivated with an ability to effectively plan and organise own work
- Ability to take on a broad spectrum of work under pressure and to deliver in agreed timescales
Leadership behaviours
- Communication – ability to work well with peers
- Can Do – Finds new / quicker ways of meeting goals, responds quickly under to achieve targets
- Share Success – Provides task related feedback to do the job effectively and provides excellent service.
- Passion for Quality – Understands performance expectations, understands priorities to maximise benefits, helps to track the commercial implications
- Win through Teamwork – Pursues friendly relationships with colleagues and clients, makes contact with colleagues across the organisation and shares own knowledge and insight and displays a high level of energy and commitment to the role and organisation
- Embrace Diversity – Listens to others and values their contributions, receptive to new and builds on ideas and acts in ethical and socially responsible manner
Benefits
We ensure you\’re rewarded for all your hard work, which is why we offer a comprehensive benefits package which includes but is not limited to:
- Exclusive travel discounts with TUI, Expedia, Booking.com and many more
- Up to 44% off cinema tickets to enjoy your favourite blockbuster
- Receive Wow Points every time you spend and use them on a wide range of brands
- Contributory pension scheme
- Grow your career with our Career Pathways and MyLearning programmes
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Level 1 Finance Assistant employer: Compass Group UK
Contact Detail:
Compass Group UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Level 1 Finance Assistant
✨Tip Number 1
Familiarise yourself with the key financial concepts and tools mentioned in the job description, such as management accounting and financial analysis. This will not only help you understand the role better but also allow you to engage in meaningful conversations during interviews.
✨Tip Number 2
Network with current or former employees of StudySmarter or similar companies. They can provide valuable insights into the company culture and expectations, which can help you tailor your approach when discussing your fit for the role.
✨Tip Number 3
Brush up on your Excel skills, as proficiency in this tool is essential for the role. Consider taking an online course or practicing with real-world financial data to demonstrate your capability during the interview process.
✨Tip Number 4
Prepare specific examples from your past experiences that showcase your analytical skills and ability to work under pressure. Being able to articulate these experiences will help you stand out as a candidate who can handle the responsibilities of the Level 1 Finance Assistant role.
We think you need these skills to ace Level 1 Finance Assistant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Level 1 Finance Assistant role. Emphasise your analytical abilities, attention to detail, and any finance-related qualifications or coursework.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for finance and your understanding of management accounting. Mention specific examples of how you've successfully managed financial risks or supported decision-making in previous roles or studies.
Highlight Relevant Skills: In your application, clearly outline your proficiency in Excel and any experience with SAP or Power BI. These tools are essential for the role, so demonstrating your familiarity will strengthen your application.
Showcase Teamwork and Communication: Since the role involves building relationships with key stakeholders, provide examples of how you've effectively communicated and collaborated with others in past experiences. This could be through group projects, internships, or previous jobs.
How to prepare for a job interview at Compass Group UK
✨Show Your Passion for Finance
Make sure to express your enthusiasm for finance during the interview. Discuss any relevant coursework or experiences that have shaped your understanding of management accounting, as this will demonstrate your commitment to the field.
✨Prepare for Financial Analysis Questions
Expect questions related to financial analysis and decision-making. Brush up on your analytical skills and be ready to discuss how you would approach financial risks and opportunities in a business context.
✨Highlight Your Relationship Management Skills
Since the role involves building relationships with key stakeholders, be prepared to share examples of how you've successfully collaborated with others in previous roles or projects. This will show your ability to work effectively within a team.
✨Demonstrate Your Technical Proficiency
Familiarise yourself with tools like Excel, SAP, and Power BI, as these are mentioned in the job description. Be ready to discuss your experience with these tools and how they can aid in financial reporting and analysis.
