Finance Undergraduate Placements

Volkswagen Financial Services LTD
Milton Keynes
£17,500 per annum + car scheme & discretionary bonus
12 Nov 2017
16 Nov 2017
Contract Type
Full Time
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.

This role sits within the Structured Finance team but is the key link between the Treasury and Structured Finance teams. The Treasury team are responsible for the cash flows of the business and through daily monitoring, forecasting and reporting, ensure sufficient liquidity for the business. The Structured Finance team on the other hand support the liquidity of the business through successfully delivering the company’s Asset Backed Securities programme.

About the role

This role focuses primarily on assisting the Treasury team with the preparation of the daily cash flow forecasts and borrowing requirements. The successful candidate 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 ServicesLiaise with the Treasury accountants regarding daily cash flow and loan requirements, investigating differences between forecast and actual closing balancesMonitor bank accounts for all entities on a daily basis and confirm expected payments and receipts to the Treasury team or relevant partySupport in the reporting of monthly information relating to the ABS transactions and data both internally and externallyParticipate in projects relating to the Structured Finance team Other duties as required by the Structured Finance Accountant
About you

    Studying towards a Finance or Business related degreeIntermediate level of excelAbility to work under pressure and deliver to strict deadlinesTeam player with good communication skillsEye for detail and focus on accuracy

There is the ability to participate in the student car scheme, 27 days holiday and a discretionary bonus. On top of that you can also take advantage of discounts on gym membership, travel, rail and bus tickets, local sports matches and nights out at the theatre and cinema.

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.

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