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  1. Home
  2. Industrial Placements
  3. Financial Services
  4. Pensions Placement (BMW Group) Farnborough July 2024
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We be­lieve in cre­ating an envi­ron­ment where our placement students re­ally can learn and develop dur­ing their time with us and where they are giv­en their own ar­eas of responsibilities from the start. Our experts and mentors will treat you as part of the team from day one, encour­aging you to bring your own ideas to the table and giving you the opportunity to re­ally show what you can do.

Our 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. We decided in November 2020 to bring together BMW Financial Services and Alphabet to stay relevant to our customers and continue to succeed in a rapidly changing business environment.

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. For this reason we allow our employees to express themselves through the way they dress.
  • 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.

Pensions 

The Pensions team is responsible for supporting the Trustees in their responsibilities in respect of BMW Group’s defined benefit (DB) pension schemes in the UK. We provide accounting services to the Trustees which involves preparing regular management accounts, and ensuring that the accounting records reflect the latest asset values and transactions.

What will you be doing?

  • This role gives you a great introduction to the finance and pensions elements of the BMW Group
  • Giving you the opportunity to put your numerate skills into practice you will be given exposure to and involvement in a wide variety of pensions, asset management and accounting activity
  • Within the Accounting and Finance team, you will support in the preparation of management accounts and balance sheet reconciliations, as well as the tracking and monitoring of investment management expenses
  • The majority of the placement will involve supporting the Accounting and Finance team as well as the Asset and Liability manager within BMW’s Pensions department
  • In respect of Asset and Liability management, you will support the administration associated with the pension schemes’ investments. This includes liaising with investment managers to ensure that the relevant documentation is in place, as well as helping to prepare for Trustee Investment Committee meetings

Qualifications

  • Studying an undergraduate degree (or equivalent) and on track to achieve a 2:2 or above (preferably in a numerate related discipline)
  • Good organisational and time management skills, and ability to show high attention to detail to every task whilst managing multiple deadlines
  • Ability to adapt working approach depending on specific requirements.
  • Intermediate IT skills preferred in Excel, Word and PowerPoint
  • First experience with SAP preferable
  • Team player, helpful, can-do attitude
  • Strong academic background in numerate subjects (e.g. Mathematics)
  • Exceptional verbal communication skills
  • A full UK driving license is preferable

Why choose us?

  • Great Pay – A competitive annual salary of £21,600, 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 access to our Advantages scheme which gives you a range of offers, discounts, and a subsidised on-site restaurant.

What are we responsible for?

  • Supporting you in your training and ensuring you settle into your role and feel welcomed.
  • Working sustainably and ethically.
  • Providing you with the opportunity to bring your own ideas and develop yourself.
  • Ensuring you are happy with your work-life balance and feel as though your contribution to the business is being valued.
  • Encouraging you to develop your soft skills such as creating working relationships, communicating effectively, delivering presentations and gaining confidence in your own ability, supporting you in both your return to university and your future career.

What do you need to do now?

If this sounds like the opportunity for you then apply today using the link below.

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.

Please ensure that you complete all of the free text questions for your application to be progressed, and include a role relevant cover letter, explaining why we should consider you for this position.

To be eligible for this position, you must be returning to your studies, for a minimum of 6 months, after completion of this placement, and be able to provide proof of your legal right to work in the UK, if you are not a UK passport holder.

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

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