At a Glance
- Tasks: Support the finance team in budgeting, forecasting, and reporting for Formula 1.
- Company: Join the iconic Formula 1 team, a leader in sports innovation.
- Benefits: Enjoy private healthcare, free snacks, and 25 days annual leave.
- Other info: Opportunities for career progression and professional development.
- Why this job: Be part of a dynamic environment that values your ideas and growth.
- Qualifications: Degree level education with strong numeracy and communication skills.
The predicted salary is between 25000 - 32000 £ 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: As a Trainee FP&A Analyst your role will be to support the FP&A Manager in the following areas:
- 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 trains 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 employer: Formula 1
At Formula 1, we pride ourselves on being an exceptional employer that fosters a culture of innovation and collaboration. As a Trainee FP&A Analyst in our Biggin Hill office, you will benefit from comprehensive support for your professional development, including funding for accountancy qualifications, while enjoying a dynamic work environment that values your contributions. With perks like private healthcare, generous leave policies, and opportunities for career progression, joining our team means becoming part of a legacy that is as thrilling as the sport itself.
StudySmarter Expert Advice🤫
We think this is how you could land Trainee FP&A Analyst, Commercial
✨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 brushing up on your FP&A knowledge. We should be ready to discuss financial planning, budgeting, and how we can contribute to the team’s success.
✨Tip Number 3
Show off your analytical skills! Bring examples of past projects or coursework where you’ve used data analysis. This will help us demonstrate our capabilities in a practical way.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows us you’re genuinely interested in joining the team.
We think you need these skills to ace Trainee FP&A Analyst, Commercial
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Trainee FP&A Analyst role. Highlight any relevant experience or skills that match the job description, especially your analytical skills and proficiency in Excel. We want to see how you can contribute to our finance team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to express your passion for Formula 1 and how your background aligns with our values. Don’t forget to mention your eagerness to learn and grow within the company – we love seeing that enthusiasm!
Showcase Your Numeracy Skills:Since this role requires excellent numeracy skills, consider including specific examples of how you've used these skills in past experiences. Whether it's through coursework or projects, we want to see your analytical prowess in action!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details you need about the role and our amazing team!
How to prepare for a job interview at Formula 1
✨Know Your Numbers
As a Trainee FP&A Analyst, you'll be dealing with budgets and forecasts, so brush up on your financial knowledge. Familiarise yourself with basic financial concepts and be ready to discuss how you would approach budget preparation or analysis during the interview.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical abilities. Bring examples of past projects or coursework where you've used data to make decisions or solve problems. This will show that you can think critically and apply your skills in a practical setting.
✨Communicate Clearly
Strong communication is key in this role. Practice explaining complex ideas in simple terms, as you may need to liaise with various departments. During the interview, focus on articulating your thoughts clearly and confidently.
✨Be Team-Oriented
This position requires collaboration with different teams. Be prepared to discuss your experiences working in teams, highlighting your ability to contribute positively and support others. Show that you're not just a numbers person but also a team player.
