Finance Placement at TUI UK

Duration
Placement Year (10 Months+)
Application Deadline
12th January 2020
Regions
East of England Greater London South East
Town/City
Luton
Salary Band
£16,000 - £17,999
Salary
£17,000
Role May Involve
Banking/Finance Financial Management Travel and Tourism

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Finance Placement

Want to get your career off to a flying start? The sky’s the limit with TUI. We’re the world's number one tourism business, operating in around 180 destinations worldwide, which means limitless global opportunities for you and your future.

As a placement in Finance, you’ll spend an invaluable year working right at the heart of our business – with real responsibilities, and the chance to work on real projects. You’ll gain a unique insight into our exciting and dynamic industry, with exposure to many other functional areas and senior colleagues, as well as the opportunity to enhance your professional skills through an extensive and tailored programme of learning and development. You’ll have lots of fun during your time with us, and we’ll ensure you get the support you need every step of the way. Plus, if your placement goes well, you could be fast-tracked to an offer for when you finish university.

What you’ll be doing

Our Aviation Planning Finance team support the Aviation Planning department who are responsible for fleet and capacity management, airport revenue’s and costs and external sources of aircraft revenue. In addition, they support the Aviation Planning team by providing insight and analysis into the profitability of flown routes and calculation of the airline destination seat rates which are charged to tour operators.

During your placement, you’ll be working as a Finance Analyst in two areas of our Aviation Planning Finance team: Airports and Pricing.

Airports
This team reports on airport related costs, such as landing charges, passenger charges, government taxes, aircraft parking and passenger lounge costs with total cost base of c.£350m. They’re also responsible for monitoring and collecting airport rebates and providing financial analysis to the Aviation Planning Commercial team to aid in airport contract negotiations.

Here, you’ll get involved with the accounting and reporting (month-end accounting and forecast) process, including preparing and uploading journals into our finance system (SAP), reconciling the forecast to the month end results, running general ledger reports, updating reporting templates and cost models, reconciling balance sheets and updating cash flow reports working alongside Airline Finance teams. You’ll also support the Commercial team with the evaluation of new deals for airport contracts, and in particular take responsibility for passenger lounge costs, acting as finance support for the Commercial Executive who works in the Aviation Planning Commercial team.

Pricing
This team creates the contract seat rates that are charged to external and internal tour operators, as well as creating the end-to-end airline route profitability.

Here, you’ll get involved with the creation of a new ad hoc pricing model, with a view to eventually become the main point of contact for ad hoc seat rates. You’ll also support the tour operator seat rate pricing and route profitability process by populating templates for finance and business colleagues, as well as testing and writing documentation for the new Airline pricing and route profitability process.

What we’re looking for

Our placements are suitable for those who are on a sandwich degree course, looking for a 12-month placement to commence in August 2020, and due to graduate by September 2022, as you’ll complete the industrial placement in your penultimate year of university.

You’ll be on track for a 2:1 or above in any subject, and have a minimum of 120 UCAS points under the 2017 tariff system (extenuating circumstances will be considered on a case-by-case basis).

We're looking for agile-minded, innovative thinkers, who are keen to learn and take on new challenges. Those who have a flair for collaborating with others, a natural drive for results, and are able to think strategically about the business. Adaptable individuals with a talent for thinking analytically, and a focus on providing unrivalled service to our customers.

You’ll also have a passion for Finance, as well an interest in the travel industry.

About TUI

TUI Group is the world’s number one integrated tourism business operating in around 180 countries worldwide with over 1,800 travel agencies across Europe, six airlines operating more than 130 aircraft, more than 300 Group-owned hotels and resorts and twelve cruise ships. Our 77,000 colleagues, all with a passion for holidays, work hard to deliver our customer promise ”Discover your smile”

TUI UK & Ireland part of TUI Group and is home to some of the most well-known holiday brands such as First Choice and Crystal Ski to name a few. As well as being a market leader, we’re a FTSE 100 company which means we have to make sure we’re always one step ahead of competition. We focus on providing unrivalled choice, professionalism and confidence our customers and stakeholders can rely on. We employ a team of 13,300 employees and serve over 5.2 million customers each year.

How to apply

To apply for this role and to find out more, please click on the apply button.