At a Glance
- Tasks: Support financial planning and reporting for inventory in a dynamic environment.
- Company: Join a leading team in the fast-paced world of F1 finance.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Collaborate across teams and drive continuous improvement in finance processes.
- Why this job: Make an impact on decision-making with your analytical skills in a thrilling industry.
- Qualifications: Strong Excel skills, data science knowledge, and part-qualified in CIMA or ACCA preferred.
The predicted salary is between 35000 - 45000 £ per year.
The Finance Analyst – F1 Chassis Inventory is responsible for supporting all financial planning, business partnering, control, and reporting activities related to inventory. Working closely with the Senior Finance Business Partner – F1 Chassis Inventory, this role focuses on the execution of transactional and reporting activities, ensuring accuracy, consistency, and timely delivery of inventory financial information. The role plays a key part in maintaining high-quality inventory data and reports that enable effective decision-making across Finance, Supply Chain, and Technical teams. It will also drive forward process improvement of the tools we use to carry out our work on Inventory.
Principal Accountabilities
- Financial Planning, Forecasting & Reporting
- Support all internal inventory-related financial planning, control, and reporting activities.
- Support external Inventory reporting from a statutory and FiA perspective.
- Assist with the monthly inventory valuation and recognition process in line with FiA and statutory accounting standards.
- Prepare recurring inventory reports, dashboards, and analysis for internal stakeholders.
- Perform transactional finance activities related to inventory, including data validation, reconciliations, and journal support.
- Cost Control & Decision Support
- Ensure non-financial stakeholders correctly interpret financial reports, analysis, and the FIA Financial Regulations.
- Support the decision-making process during PO sign off, considering how Car Assembly demand affects child part demand. There will be a need to consider common parts, potential obsolescence and any cost economies of scale.
- Data Interpretation & Governance
- Ensure accuracy, consistency, and transparency of inventory financial data and reporting.
- Work with the Cost Performance Business Partner to audit/confirm high standards of data integrity, monitoring inventory categorisation in line with financial regulations, car classifications, event allocation, purchase orders, and internal jobs.
- Support the RBT Inventory Count process from a Finance perspective, including mid-year and Year End.
- Support the RBT Statutory & FiA Inventory financial audit.
- Cross-Functional Collaboration
- Actively knowledge share with the RBPT and RBAT Finance teams on anything in your work that could impact those teams. This should be done in the monthly working group forum or an ad-hoc basis as topics arise.
- Capability Building & Continuous Improvement
- Drive forward transformation of the tools we use to analyse and report Inventory data.
- Contribute to continuous improvement of inventory finance processes, controls, and reporting methodologies.
Essential Competencies
- Advance Microsoft Excel skills
- Strong data science knowledge base
- SQL/Python experience beneficial
- Part-qualified in CIMA or ACCA is desirable
- Experience in a Finance Analyst or similar role, preferably with exposure to Inventory or Supply Chain Finance.
- Solid understanding of inventory accounting, valuation, and recognition principles.
Finance Data Analyst employer: Red Bull Racing Formula One Team
As a leading player in the motorsport industry, our company offers an exceptional work environment for Finance Data Analysts, where innovation and precision are at the forefront of our operations. Located in a dynamic and collaborative setting, we prioritise employee growth through continuous learning opportunities and a culture that encourages knowledge sharing across teams. With a commitment to excellence, we provide competitive benefits and a chance to contribute to high-impact projects that drive the future of F1 chassis inventory management.
Contact Details:
Red Bull Racing Formula One Team Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Finance Data Analyst
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Red Bull Racing Formula One Team. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Finance Data Analyst
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Red Bull Racing Formula One Team.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Red Bull Racing Formula One Team's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Red Bull Racing Formula One Team
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Red Bull Racing Formula One Team.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Red Bull Racing Formula One Team will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Red Bull Racing Formula One Team employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
