Finance 13 month Placement

Job Details

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Health, Safety, Environmental Placement

The Mercedes AMG High Performance Powertrains (HPP) finance placement is the ultimate opportunity to start your finance career in one of the most exciting sectors whilst gaining commercial experience, and could lead you to a graduate role in the team. Your passion can help push the boundaries of science and technology on the Formula 1 race track and the road.

At Mercedes AMG HPP we are responsible for the design, manufacture, testing and racing of the World Championship winning Formula 1 hybrid power units used by the Mercedes AMG PETRONAS Formula 1 team.

In 2020, we became the first team in history to win seven back to back double World Championships and are also proud to supply power units to McLaren, Aston Martin Racing and Williams Racing teams.

As well as Formula 1 we also compete in Formula E World Championship and work on innovative and high end engineering projects for both Daimler Mercedes and Mercedes AMG such as the Project One hypercar; the first ever road legal formula one car and the vision EQXX.

The Finance function is closely aligned to overall business operations and works directly with senior stakeholders and engineering to providing accurate analysis and financial reports to our business partners both internally and externally. We deliver transparency, control and information to aid the decision making process.

We have four different roles within the finance team that we are recruiting for:

• Management Accounting: Formula 1 Product Design & Engineering
• Management Accounting: Future Daimler Mercedes Automotive R&D
• Management Accounting: Business Operations & Investment
• Financial Accounting: Treasury, Transactions and Financial Reporting

Role Descriptions

1. Management Accounting: Formula 1 Product Design & Engineering

• Working closely with Formula 1 Programme Management to provide product costing updates and budget implications based on the latest Engineering changes;
• Work across different functional areas and develop your costing skills by tracking, analysing and reporting weekly Bill of Material cost variances to senior stakeholders;
• Providing transparency of actual to budget variances and perform detailed analysis to find the underlying drivers, trends and forecast of future Formula 1 powertrain costs;
• Support with the company’s business operations & investment team including month end tasks and work alongside business partners.

2. Management Accounting: Future Daimler Mercedes Automotive R&D

• Working closely with Future Projects Programme Management to provide costing updates and budget implications to accelerate Daimler future automotive technologies;
• Work across different functional areas and develop your costing skills by tracking, analysing and reporting cost variances to senior stakeholders;
• Providing transparency of actual to budget variances and perform detailed analysis to find the underlying drivers, trends and forecast of future project costs;
• Support with the company’s business operations & investment team including month end tasks and work alongside business partners.

3. Management Accounting: Business Operations & Investment

• Working closely with the key Operational business stakeholders where you will gain valuable experience providing detailed variance analysis to the business partners;
• Providing adequate transparency information on a weekly basis to our business investment team;
• Providing project management support by maintaining schedules for key operational cost types;
• Maintain the company consolidation tools and company budgets which feed into the director’s information pack;
• Support with the company’s month end tasks.

4. Financial Accounting: Treasury, Transactions and Financial Reporting

• Working closely with management to prepare daily cash flows, auditing weekly payment runs and expense payments and conducting month end Balance Sheet reconciliations, creditor/debtor analysis and maintenance;
• Preparation of weekly and monthly KPIs, liquidity management, ratio analysis and accruals and prepayments;
• Support opportunities for process improvement and corporate compliance;
• Assistance with submissions to HMRC (VAT, Corporation Tax and R&D claims).

Key Skills Developed

• Financial analysis relating to your specific role and preparation of month end accruals and year end preparation for external annual audit and external reporting requirements under IFRS to Daimler AG;
• Communication skills by reviewing your analysis conducted with senior stakeholders;
• Exceptional Excel and PowerPoint skills;
• Enterprise Resource Planning system (SAP).

What can we offer you?

We offer you the opportunity to work alongside and learn from the Finance team in a fast paced environment and become fully integrated into the team.

During this placement you will be given the opportunity to gain real responsibility for delivering support to the business whilst being encouraged to maximise your potential. You will be partnering with multiple different departments along the value chain and helping them achieve their business objectives and goals.

As a team we pride ourselves on sharing knowledge and developing our students during their 13 month placement and helping you develop your key business skills.

We are based in Brixworth, Northamptonshire, in a state of the art research and development centre for the Daimler Group.

Our benefits package includes;

• A salary of £20,000pa
• Collective bonus
• Company lease car scheme
• 36 days annual leave
• Access to private healthcare and generous pension scheme
• Onsite Gym
• A variety of other benefits and staff discounts

What are we looking for?

• Curious, tenacious and driven individuals who thrive in a fast paced environment;
• Currently studying and on track for a First or 2:1, in a (or combination of) Accounting, Finance, Economics, Maths, Physics or other numerate degree;
• A strong academic background in relevant A Level disciplines, for example maths or sciences (or equivalent qualifications);
• Excellent communicator, not afraid to take responsibility and deliver to tight timelines;
• Team player and be adaptable to meet business demands;
• People who are willing to go the extra mile to help the team succeed.

Placement Application Process

• Online application: open until 14th October 2021:
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• Complete application form;
• Upload CV – Maximum 1 page;
• Upload cover letter – Maximum 1 page;

▸ If successful you will be invited to attend an Assessment Centre running from November 2021 to March 2022.

Remember when on completing your application; think carefully about the relevant skills you can bring to the role from your academic career, work experience or extracurricular activities. We want to find out about you and what you are passionate about. Use plain English and make sure you give full details of your degree modules, your input into all relevant projects and work experience. We will want to see what your strengths are, what you’ve done and how this fulfils what we are looking for.

About Mercedes AMG High Performance Powertrains Ltd

Mercedes-Benz has been setting the standard in racing for over 100 years. At Mercedes-AMG High Performance Powertrains we work tirelessly to continue the proud history of the legendary Silver Arrows. To do this we deliver pioneering innovations to the race track with every development of our Five-time World Championship winning Hybrid Power Unit. In addition to Formula 1, we are also leading the transfer of state-of-the-art Formula 1 technology into the revolutionary Mercedes AMG Road Car “Project One” and will be racing in Formula E for the first time in 2019.

How to apply

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

We encourage you to apply early as we recruit on a rolling basis therefore, applications will close when roles are filled.

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