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: Private healthcare, dental care, free snacks, and generous leave policies.
- Other info: Access to training, career progression, and exciting F1 experiences.
- Why this job: Be part of a dynamic team that shapes the future of motorsport.
- Qualifications: Degree-level education with strong numeracy and analytical 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.
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
- Able to work with a high level of integrity and confidentiality.
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
- 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 in London employer: Formula One
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 at our Biggin Hill location. Join us to be part of a passionate team where your contributions truly make an 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 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 Excel skills! Since proficiency in Microsoft Office is key, we can practice some advanced Excel functions to impress during assessments or interviews.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed and shows that you’re genuinely interested in joining the F1 family.
We think you need these skills to ace Trainee FP&A Analyst, Commercial in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Trainee FP&A Analyst role. Highlight your analytical skills, attention to detail, and any relevant experience or coursework that aligns with the job description. 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 makes you a great fit for the role. Don’t forget to mention your eagerness to learn and grow within our dynamic environment.
Showcase Your Skills:In your application, be sure to showcase your proficiency in Microsoft Office, especially Excel. If you have any projects or experiences that demonstrate your numeracy and analytical skills, include those too. We love seeing real examples of your capabilities!
Apply Through Our Website:We encourage you to apply through our website for the best chance of being noticed. It’s super easy, and you’ll be part of our official process right from the start. Plus, it shows you’re serious about joining the F1 team!
How to prepare for a job interview at Formula One
✨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.
✨Showcase Your Communication Skills
Strong communication is key in this role. Prepare examples of how you've effectively communicated complex information in the past, whether in writing or verbally. This will demonstrate your ability to liaise with different departments.
✨Excel is Your Best Friend
Since proficiency in Excel is essential, make sure you're comfortable with functions, pivot tables, and data analysis tools. Consider doing a quick refresher course or practice using Excel to solve real-world financial problems before the interview.
✨Demonstrate Team Spirit
This role requires both individual work and teamwork. Think of instances where you've successfully collaborated with others to achieve a goal. Be prepared to share these experiences to show that you can thrive in a team environment.
