At a Glance
- Tasks: Support the finance team in budgeting and forecasting for Formula 1.
- Company: Join the iconic Formula 1 team, a leader in sports innovation.
- Benefits: Private healthcare, free snacks, generous leave, and training support.
- Other info: Dynamic environment with opportunities for career progression.
- Why this job: Be part of a thrilling industry and make a real impact.
- Qualifications: Degree level education with strong numeracy and communication skills.
The predicted salary is between 28000 - 35000 £ per year.
Are you ready to make your mark in the world of Formula 1? At Formula 1, we are passionate about delivering the world’s greatest sports and entertainment spectacle leaving a positive legacy wherever we race. Innovation has always been at the heart of what we do ever since our first Grand Prix in 1950. Now, more than 75 years on, the sport remains a pioneer, developing technologies that have made a significant impact on society beyond the track.
Everything you see on screen or at an event comes via our passionate and dedicated people. Whether it's engineering, broadcast, legal, logistics, security, event management, commercial, media rights, marketing, or communications there is always a talented team working to maximise the potential of the sport.
Role Overview: We are looking for a Trainee FP&A Analyst to join our Finance team. Reporting into our FP&A Manager, Commercial, this role will support the commercial finance team deliver the annual financial planning and analyst cycle.
Main Duties and Responsibilities
- Preparation and population of departmental budget and forecast templates.
- Preparation of monthly department reports.
- Regular liaison with departments to ensure they are working within cost budgets.
- Supporting departments with ad hoc FP&A related queries.
We will support you through obtaining an accountancy qualification (e.g. CIMA), including tuition fees, materials, and time off to study.
Other:
- To complete all mandatory training within specified timelines.
- To always operate safely in line with Company health and safety requirements.
- To undertake other duties within your capabilities as your Department Manager or Team Manager may assign to you from time to time.
What Are We Looking For?
Personal Qualities
In this role it is essential that you are:
- Able to work with a high level of integrity and confidentiality.
Qualifications
Essential qualifications:
- Educated to degree level (minimum 2:1 or equivalent). Final-year students with a predicted 2:1 or above are encouraged to apply.
- A-Level results (or equivalent) of ABB or above, with Mathematics desirable but not essential.
- GCSE Mathematics (or equivalent) at grade 6 (B) or above is essential.
Knowledge & Skills
Prior to the role it is essential that you demonstrate:
- Excellent numeracy and analytical skills.
- Strong communication skills (written and verbal).
- High attention to detail.
- Ability to work both individually and as part of a team.
- Proficiency in the use of Microsoft Office, particularly Excel and Outlook.
Career Progression - Where Can You Go Next?
Your next career move could include progressing into FP&A Analyst.
Why join the force behind the sport?
Joining F1 means becoming part of a team that values innovation, collaboration and personal growth. We offer a dynamic work environment where ideas are heard, and employee contributions truly make an impact. We seek to recruit, develop, and retain the most talented people to play their role in accelerating the future of the sport.
As a member of the F1 team, you will be able to access our amazing benefits:
- Private Healthcare scheme
- Dental Care
- 4 x Grand Prix Paddock passes per season
- Enhanced maternity/paternity leave and other family planning policies
- A free staff shuttle service running to and from surrounding train stations near to Biggin Hill
- Free healthy snacks in our offices
- Subsidised canteen in Biggin Hill, serving breakfast and lunch
- 25 days annual leave and 8 Bank Holiday days, plus a Christmas period closure
- Opportunities to develop and request training for your role via our in-house Learning and Development team
- Discount on F1 merchandise
- Discount at F1’s experiences including F1 Arcade and F1 Drive
- Perkbox benefit portal and more
Trainee FP&A Analyst, Commercial in London employer: Formula 1 Group
At Formula 1, we pride ourselves on being an exceptional employer that champions innovation and personal growth within a dynamic work environment. As a Trainee FP&A Analyst, you will benefit from comprehensive support for your accountancy qualification, access to private healthcare, and a range of perks including Grand Prix passes and a subsidised canteen, all while working alongside passionate professionals dedicated to making a positive impact in the world of motorsport.
StudySmarter Expert Advice🤫
We think this is how you could land Trainee FP&A Analyst, Commercial in London
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Formula 1 on LinkedIn. A friendly chat can give us insights into the company culture and maybe even a referral!
✨Tip Number 2
Prepare for the interview by researching the latest trends in FP&A and Formula 1. Show us that you’re not just passionate about finance but also about the sport itself!
✨Tip Number 3
Practice your numerical and analytical skills with real-world scenarios. We love seeing candidates who can think on their feet and tackle problems head-on!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative!
We think you need these skills to ace Trainee FP&A Analyst, Commercial in London
Some tips for your application 🫡
Show Your Passion for F1:When you're writing your application, let your enthusiasm for Formula 1 shine through! We love seeing candidates who are genuinely excited about the sport and what we do. Share any relevant experiences or interests that connect you to the world of F1.
Tailor Your CV and Cover Letter:Make sure to customise your CV and cover letter for the Trainee FP&A Analyst role. Highlight your analytical skills, attention to detail, and any experience with budgeting or finance. We want to see how you can contribute to our team!
Be Clear and Concise:Keep your application straightforward and to the point. Use clear language and avoid jargon. We appreciate well-structured applications that make it easy for us to see your qualifications and fit for the role.
Apply Through Our Website:Don't forget to submit your application through our official website! This ensures that your application gets to the right people and helps us keep track of all candidates. Plus, it’s super easy to do!
How to prepare for a job interview at Formula 1 Group
✨Know Your Numbers
As a Trainee FP&A Analyst, you'll be dealing with budgets and forecasts. Brush up on your financial terminology and be ready to discuss how you would approach preparing departmental budgets. Show them you understand the importance of accuracy and attention to detail in financial reporting.
✨Show Your Passion for F1
Formula 1 is all about passion and innovation. Make sure to express your enthusiasm for the sport during the interview. Share any relevant experiences or knowledge you have about F1, and how you see yourself contributing to its legacy through your role in finance.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your analytical skills and problem-solving abilities. Think of examples from your studies or previous work where you had to analyse data or manage a budget. Be ready to explain your thought process clearly and logically.
✨Ask Insightful Questions
At the end of the interview, don’t forget to ask questions! Inquire about the team dynamics, the types of projects you might work on, or how the FP&A team collaborates with other departments. This shows your interest in the role and helps you gauge if it's the right fit for you.
