BMW Financial Services GB, Farnborough - Accounting Services - 13 Month Placement (July 2025)

FUTURE IS THE BEST INVESTMENT PROJECT.

SHARE YOUR PASSION.

Always under control, always with passion: those who want to shape the future need to keep track especially when it comes to goal-oriented corporate management. Thanks to extensive training and qualified teams, our finance colleagues create decisive added value for the BMW Group anew every day because they know what really counts.

Summit ONE in Farnborough is home to the National Sales Company for the BMW Group in the UK, as well as BMW Group Financial Services which offers retailers, corporate and private customers a range of customised financial services. Alphabet (GB) Ltd. as a leading provider of Business Mobility Services is also located in Farnborough. 

Within our self-contained campus, we offer a modern way of working with an empowering office culture, some aspects of which include:

• Our work persona shift – being yourself is effortless and so increases efficiency.
• Flexible working hours - working flexibly improves mental perspective and increases sustained productivity. This means our leaders maintain balance, not burnout, through focusing on output, not attendance.
• The opportunity to get involved with our continued support to our house charity with a variety of fundraising events throughout the year.
• Throughout our offices there are open creative spaces which hold facilities such as table-tennis tables to encourage innovation and employee engagement.

BMW Financial Services GB, Farnborough – Accounting Services - 13 Month Placement (July 2025)

We have 3 placements across our Accounting teams.  The teams have significant exposure to the operational aspects of accounting that are critical for the effective management and control of BMW Group Financial Services, an automotive finance business with over 600,000 retail contracts, 140,000 corporate contracts and a £16 billion balance sheet.

Our two Financial Accounting teams complete the analysis and preparation of P&L, balance sheet and statistical values to support the delivery of timely and accurate reporting on a monthly basis to BMW Group Headquarters.   The role will include:

• Reconciliation and control of specific bank and balance sheet accounts, incorporating analysis of postings within the accounts and journal preparation and posting.
• Complete the month-end financial reporting to BMW Group Headquarters for local entities.
• Support the business and assist with customer management and issue resolution from a financial perspective.
• Involved in financial accounting projects and enhancements as they occur, ensuring compliance with national legislation, IFRS’s, and BMW Group Accounting Guidelines.

The Group Accounting Services team’s responsibilities are wide-ranging and include transactional banking and cash management, making payments, daily bank reconciliations, the calculation and payment of commission to the retailer network and the management of accounts payable and accounts receivable supplier ledgers. Around £21 billion of transactions are made annually, critical to the operation of our organisation and with each one being accounted for by the Group Accounting Services team! The diverse nature of the role will bring you into contact with teams across our organisation, our Headquarters in Munich and with our external providers including our banking partners. The role will include:

• Daily internal and external bank reconciliations including the timely allocation of payments received to Customer ledgers and investigation of any unallocated funds with various internal departments.
• Ensure all daily payment and direct debit collection files are approved in accordance with the Group Authorisation Policy and processed via internal and external transactional banking partners.
• Processing and reconciliation of supplier invoices and accounts payable ledgers ensuring the payment of invoices within agreed payment terms.  As well as raising invoices to external companies and BMW Group entities, ensuring the timely collection of funds within agreed payment terms.
• Calculation, reconciliation and processing of retailer and partner commission payments.
• Supporting your team with the identification, testing and implementation of process and system improvements, working alongside our projects, IT, and robotics teams.

Qualifications & Skills:

• Studying towards a Finance, Accounting or Economics degree or, alternatively, a numerical discipline (i.e. Mathematics, Sciences or Engineering) with a demonstrable interest in financial topics. Predicted grade of 2:2 or higher
• Strong A Levels in numerical subjects.
• Strong communication skills including the ability to tailor style and level of detail for your audience.
• Good organisational, time management and prioritisation skills.
• Analytical, innovative and objective approach to problem solving.
• Good knowledge of Microsoft Office products, especially Excel and PowerPoint.

Why choose us?

• Great Pay – A competitive annual salary of £23,700, 27 days holiday per annum (pro rata to your contract) and an attractive pension scheme.
• Rewarding Work-Life Balance – Contracted working hours are 37.5 hours a week, Monday to Friday, helping you develop a fulfilling work-life balance.
• Exciting Additional Benefits – You will have the opportunity to enjoy other employee benefits, including a subsidised on-site restaurant and access to our Advantages scheme which gives you a range of offers and discounts.

 What do you need to do now?

If you apply, the next stages of the recruiting process could include: online testing, video interview and then a face to face, telephone or virtual interview with the hiring manager. This may be in the form of an assessment centre.

Please note:

We operate rolling recruitment, this means we may close the application window earlier than identified, if sufficient applications are received, so please apply early to avoid disappointment.

Once you make your application you will be automatically sent cognitive tests (via Eligo) for completion before we have had the opportunity to determine your eligibility for the role. Please be aware that if you complete the tests and you are not eligible your application will not be processed any further. If you need support in undertaking the tests please email us at FutureTalentRecruitment@bmwgroup.com.

To be eligible for this position, you must be returning to your studies, for a minimum of 6 months, after completion of this placement. You must be able to provide proof of your legal right to work in the UK.  

We are committed to promoting equal opportunities in employment and job applicants will receive equal treatment regardless of disability, age, gender reassignment, marital or civil partner status, pregnancy or maternity, race, colour, nationality, ethnic or national origin, religion or belief, gender, sex or sexual orientation.

Closing date for applications:   Saturday 30th November 2024

Any further questions? Email us on FutureTalentRecruitment@bmwgroup.com