At a Glance
- Tasks: Support the finance team while gaining hands-on experience in financial processes.
- Company: Join Midas Components Ltd, a leading electronics company with a personal touch.
- Benefits: Earn £16,000 while working towards a Level 3 qualification in accounting.
- Other info: Enjoy a structured apprenticeship programme with opportunities for growth and learning.
- Why this job: Kickstart your finance career with real-world experience and professional development.
- Qualifications: GCSE Maths and English A-C or equivalent; strong numeracy and communication skills required.
The predicted salary is between 16000 - 16000 £ per year.
Midas Components Ltd are seeking a career driven aspiring Finance Assistant Apprentice to join their busy team. This is a fantastic opportunity to gain valuable experience in the accounts sector whilst working towards a level 3 qualification. The Finance Apprentice will support the Finance Team while undertaking a structured apprenticeship program (AAT). The role will provide exposure to a wide range of finance activities, supporting the production of financial information and assisting with day-to-day transactional processes.
Working week: Monday - Thursday 8:30am-5pm, Friday 8:30am-12:30pm (34 hours per week total)
Wage: £16,000
Qualification: Assistant Accounting level 3
Duration: 15 Months
Training Provider: LMP Education
Duties and Responsibilities:
- This role involves working with highly confidential information; the candidate must have a strong understanding of confidentiality principles, high levels of integrity and discretion, and a commitment to handling sensitive information securely and professionally.
- Assist with processing daily financial transactions.
- Support purchase ledger and sales ledger activities, including invoice and payment processing.
- Maintain accurate financial records using the company’s operating system.
- Managing confidential files and records efficiently.
- Assist with bank and ledger reconciliations.
- Assist with invoice finance reporting and reconciliations.
- Basic payroll administration.
- Support month-end activities, including preparation of journals and report creation.
- Support quarterly VAT submission process.
- Support preparation of basic financial reports.
- Provide general administrative support to the Finance and Operations Team.
- Assist with audits and other financial reviews.
- Processing and reconciling company credit card statements.
- Respond to internal and external financial queries via telephone or email.
- Supporting continuous improvement of administrative processes.
- Any ad hoc tasks required by the business.
Skills, Knowledge & Experience:
Essential:
- Good written and verbal communication skills.
- Strong numeracy and mathematical skills.
- Strong computer literacy (particularly Microsoft Excel).
Desirable:
- Experience with accounting systems (e.g. Sage/Xero).
- Confident working with multiple currencies.
Personal qualities:
- Professional and personable.
- Well-organised and detail orientated.
- Proactive and self-motivated.
- Accountable and reliable.
- Collaborative and team focused.
- Eager to learn and develop new skills.
Education and Qualifications:
- Maths and English at GCSE level A-C (4-9) or functional skills equivalent - Essential.
- Previous level 2 finance qualification - Desirable.
Finance Assistant Apprenticeship employer: LMP Group
LMP Group is an excellent employer that prioritises the growth and development of its employees, offering a supportive work culture where dedication to helping vulnerable young people is highly valued. Located in Batley, this role as an Apprentice Inclusion Assistant not only provides competitive pay but also presents a unique opportunity to gain hands-on experience in education while receiving ongoing training and support throughout the 16-month programme.
StudySmarter Expert Advice🤫
We think this is how you could land Finance Assistant Apprenticeship
✨Get Involved with Campus Recruitment Events
Apprenticeships in banking and financial services often come through campus recruitment days. Keep an eye out for events hosted by your university or local banks, as these can be golden opportunities for us to meet recruiters face-to-face and make a great first impression.
✨Engage with Professional Bodies
Join organisations like the Institute of Chartered Accountants or the Chartered Institute of Banking. These memberships can provide valuable resources and networking opportunities, plus, they often have dedicated sections for apprenticeships and early-career roles that can point us in the right direction.
✨Follow the Right Companies on Social Media
Banks and financial services firms love to share their stories on social media! Follow companies like LMP Group to keep up with their latest apprenticeship opportunities and insider news. Engaging with their posts could give us an edge when it comes to the application.
✨Utilise Your University’s Career Service
Your university's career service is a treasure trove of information for apprenticeships in banking. They often have connections to employers like LMP Group, so don't hesitate to tap into their resources and advice!
We think you need these skills to ace Finance Assistant Apprenticeship
Some tips for your application 🫡
Show Off Your Maths Skills:In the banking and financial services sector, being good with numbers is a must! Make sure to highlight any relevant maths qualifications or experience in your application, as well as any projects or coursework that demonstrate your analytical skills.
Emphasise Your Willingness to Learn:As this is an apprenticeship, companies like LMP Group want to see your enthusiasm for the industry and your eagerness to learn. In your cover letter, chat about why you’re interested in banking and any specific areas you’re excited to explore. Show them that you’re ready to soak up knowledge like a sponge!
Highlight Relevant Experience (Even If It's Limited):Whether it's a part-time job, volunteer experience, or even a school project, mention any relevant experience related to banking or finance. This could include customer service roles or any projects where you handled budgeting. We’re all about showing how you can apply your skills, even if they’re from unconventional backgrounds.
Tailor Your CV for Impact:Make sure your CV isn’t just a list of duties. Tailor it to reflect skills that appeal to financial services, like attention to detail and communication skills. Don’t forget to keep it clear and concise, showing how you’re a perfect fit for the apprenticeship at LMP Group!
How to prepare for a job interview at LMP Group
✨Brush Up on Financial Principles
Since you're diving into the banking and financial sector with an apprenticeship, it’s crucial to familiarise yourself with key concepts like interest rates, investment strategies, and basic financial accounting. Make sure you can share your understanding of these principles during the interview, as they'll likely pop up in practical scenarios.
✨Be Ready for Scenario-Based Questions
In the world of banking, interviewers love to throw real-world scenarios at you. Prepare for questions that ask how you'd handle customer inquiries or solve financial challenges. Practising these types of situational responses can really showcase your problem-solving skills and customer service abilities, both of which are essential in this field.
✨Show Your Eagerness to Learn
As an apprenticeship candidate, what's going to set you apart is your motivation to learn and grow in the role. Be sure to express your excitement about entering the banking world and highlight any steps you've already taken to educate yourself, whether through courses, workshops, or relevant hobbies.
✨Prepare Your Questions About Company Culture
When interviewing with LMP Group, don’t shy away from asking about their company culture and training programmes for apprentices. This shows that you're not only focused on the role but also interested in how you'll fit within the team, which is a major factor for your future success in the apprenticeship.
