Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Join the FP&A team to support budgeting and forecasting for Formula 1.
- Company: Be part of the iconic Formula 1, a leader in motorsport and entertainment.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and learning.
- Why this job: Contribute to exciting financial projects while working in a fast-paced, innovative culture.
- Qualifications: Relevant financial qualification and proficiency in Microsoft Office required.
- Other info: This is a 12-month fixed-term contract based in London.
The predicted salary is between 36000 - 60000 £ per year.
This is an exciting opportunity for a driven, enthusiastic and dynamic FP&A Analyst to join the Commercial Finance Team at Formula 1 on a 12 month FTC Basis. Reporting to the Senior FP&A Manager, Commercial, the FP&A Analyst supports the delivery of the Group’s annual budgets and quarterly reforecasts and acts as finance business partner to their allocated departments. With strong attention to detail, this role plays an important role in projecting future financial performance and contributes to continued improvement of FP&A processes.
Main Duties and Responsibilities:
- Contribute to the annual budgeting / forecast cycle of your allocated departments within the London office.
- Schedule and lead budget / forecast workshops to review departmental workings, challenge assumptions / projections and translate information into group budget templates.
- Prepare departmental budget / forecast summaries and present them during review meetings for consideration of the commercial directors.
- Complete budget / forecast packs and upload inputs to Microsoft D365.
- Draft commentary and variance analysis for F1 Group budget / forecast report.
- Report department results against budget / prior forecast with supporting commentary in a manner that helps departments understand and explain variances.
- Act as a finance business partner to allocated departments and regularly meet with departments to understand latest developments in their business areas and update finance management as required.
- Ongoing supervision of cost budgets, ensuring commitments are recorded via purchase order requisitions and budgets are not exceeded.
- Providing analysis of department activities that enables management to make informed decisions for the remainder of the year.
- Provide ad hoc financial support to commercial departments as required.
- Contribute to the month-end close by identifying any areas of missing revenue or expenditure and prepare journals for required manual accruals.
- Provide variance explanations to the financial accounting team responsible for closing the month.
Ideally to be considered for the role, you will have:
- Relevant financial qualification (ACA/ACCA/CIMA).
- Relevant industry experience would be desirable but not essential.
- Proficient in the use of Microsoft Office, particularly Excel and Outlook.
- Data consolidation and variance analysis; the ability to think into the future and weigh varying scenarios.
- Excellent communication skills, including the ability to clearly explain financial details and concepts in lay terms to senior management.
- Ability to apply a structured approach towards balancing multiple demands and priorities.
- Ability to operate effectively with all stakeholders including senior management.
Division: Corporate
For more detail, salary and company information, use the apply link.
FP&A Analyst, Commercial - 12 month FTC employer: Formula 1
Contact Detail:
Formula 1 Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land FP&A Analyst, Commercial - 12 month FTC
✨Tip Number 1
Familiarise yourself with the financial processes and tools used in FP&A, particularly Microsoft D365. Understanding how to navigate this software will give you a significant advantage during the interview process.
✨Tip Number 2
Brush up on your variance analysis skills. Be prepared to discuss how you would approach analysing discrepancies between budgeted and actual figures, as this is a key responsibility of the role.
✨Tip Number 3
Showcase your communication skills by preparing to explain complex financial concepts in simple terms. This will demonstrate your ability to act as a finance business partner and engage effectively with non-financial stakeholders.
✨Tip Number 4
Research Formula 1's current financial landscape and recent developments in the commercial sector. Being knowledgeable about the company and its challenges will help you stand out as a candidate who is genuinely interested in the role.
We think you need these skills to ace FP&A Analyst, Commercial - 12 month FTC
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the FP&A Analyst role. Emphasise your financial qualifications, proficiency in Microsoft Office, and any experience with budgeting or forecasting.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention specific experiences that demonstrate your ability to contribute to the annual budgeting and forecasting processes.
Highlight Communication Skills: Since the role requires excellent communication skills, provide examples in your application of how you've effectively communicated financial concepts to non-financial stakeholders in the past.
Showcase Attention to Detail: In your application, include instances where your attention to detail has positively impacted financial reporting or analysis. This will resonate well with the requirements of the FP&A Analyst position.
How to prepare for a job interview at Formula 1
✨Know Your Numbers
As an FP&A Analyst, you'll be expected to handle budgets and forecasts. Brush up on your financial metrics and be ready to discuss how you would approach budgeting and variance analysis in detail.
✨Showcase Your Communication Skills
You'll need to explain complex financial concepts to non-financial stakeholders. Prepare examples of how you've successfully communicated financial information in the past, making it relatable and understandable.
✨Demonstrate Attention to Detail
This role requires a keen eye for detail. Be prepared to discuss specific instances where your attention to detail made a significant impact on a project or financial report.
✨Prepare for Scenario Questions
Expect questions that ask you to think critically about future financial scenarios. Practice articulating how you would analyse different situations and make informed decisions based on your findings.
