Volkswagen Financial Services Hiring for Treasury Accounting & Finance Placement Job at Milton Keynes, England Full Time

Closing date: 31st December 2021
Salary: £17,500, 27 days holiday plus bank holidays, company car scheme, pension.
Contract: June 2022- June 2023

Here in Finance we value students who bring accuracy, financial acumen and robust logic to the business. At the same time, as a department, we’re adapting and evolving as the business moves into new areas and develops new products and services. It creates new challenges, so we need the agility, creativity and ideas to adapt too.

As the Treasury Accounting & Finance Undergraduate, you will join the team responsible for the cash flow of the business. This is an interesting role that will equip you with experience and knowledge of how this works in a large Financial Services Enterprise. Through daily monitoring, forecasting and reporting, the team ensures we have sufficient liquidity for the business so they’re a pretty important team that you’ll learn lots from.

Here’s what the current undergraduate Artur had to say:

“My main responsibilities involve bank reconciliation and making deals with several banks regarding borrowing and depositing. It’s great because I get to summarise economic news on a weekly basis for the team, so they are always up to date with what is going on globally. The team manages all the cash that the business has, so it is an exciting team to be a part of”

Responsibilities include:

This role focuses primarily on assisting the Treasury team with the preparation of the daily cash flow forecasts and borrowing requirements. You will be responsible for the daily preparation and reporting of the opening and closing cash position, reporting on outstanding borrowings and arranging repayment of loans when required:

• Produce daily cash sheets and payments for Volkswagen Bank, VWFS and MAN Financial Services
• Liaise with the Treasury accountants regarding daily cash flow and loan requirements, investigating differences between forecast and actual closing balances
• Monitor bank accounts for all entities on a daily basis and confirm expected payments and receipts to the Treasury team or relevant party
• Carry out data investigations and reconciliation of the opening cash balances
• Support the Treasury team with month end tasks, including month end reporting, interest accruals and reconciliations.
• Responsible for the reporting of monthly team KPIs

About you:

• Studying towards a Finance or Business related degree
• Intermediate level of excel
• Ability to work under pressure and deliver to strict deadlines
• Team player with good communication skills.
• Eye for detail and focus on accuracy
• Confident in stakeholder management

What you’ll get: (apart from a wealth of experience for the future…)

• Earn whilst you learn and receive a competitive salary of £17,500 per annum plus discretionary bonus and access to company pension scheme.
• A fun and sociable workplace to start your career – You’ll be joining a cohort of around 50 undergraduates so you’ll have a large group of colleagues so that you can support each other throughout your placement year.
• Participate in LifeSkills workshops, designed specifically for our Undergraduates.
• Access to a discounted loan car scheme which means driving 2 brand new vehicles during your placement (a great way to make your mates jealous when you visit them at Uni)
• Chance to make a difference in the local community with various volunteering opportunities.
• Onsite wellbeing centre – think lunchtime massages, onsite HIIT classes and health check-ups.
• There will be a hybrid blend of working in our office based in Milton Keynes and working from home.

Volkswagen Financial Services is an inclusive employer and we welcome applications from everyone

About Volkswagen Financial Services

Here at VWFS, we provide finance and insurance services to customers across the entire Volkswagen Group in the United Kingdom. The Group includes some of the world’s most iconic automotive brands, like: Audi, SEAT, Skoda, Volkswagen, Bentley, Lamborghini, Porsche, Bugatti, Ducati, Scania and MAN.

We strongly advise that you do not apply for more than one placement role to ensure that you are considered for the placement that you are more interested in and your skills are aligned to.