Finance Assistant Apprentice Malvern Panalytical Ltd

The Finance Assistant Apprenticeship at Malvern Panalytical offers a structured rotational programme across the Finance department, enabling you to gain hands-on experience across a broad range of functions, including Accounts Payable, Accounts Receivable, Financial Reporting and Financial Planning & Analysis (FP&A). As a Finance Assistant Apprentice, you will work towards formal apprenticeship qualifications whilst making a valuable contribution to our business under the guidance of experienced mentors, line managers and tutors.

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Closing date: 31 Mar 2023

Apprenticeship summary

  • Annual wage

    £14,500.00

    Wage progression - Year 2: £18.1k, Year 3: £19.5k, Year 4: £21.725k. Bonus Eligibility, Life Assurance & Company Pension Scheme are offered. The role operates in a flexi-time scheme. Overtime is unpaid. Holidays: 25 days pro rata (+ bank holidays)

  • Working week

    Monday-Friday. Exact shifts to be confirmed. This role operates in a flexi-time scheme. Flexitime: Core hours 10.00 am - 12.00 pm and 2.00 pm - 3.00 pm to help you to achieve a good work-life balance. Overtime is unpaid.

    Total hours per week: 37.5

  • Expected duration

    18 Months

  • Possible start date

    03 Sep 2023

  • Date posted

    27 Feb 2023

  • Apprenticeship level

    Intermediate
    Level 2 (GCSE)

  • Reference number

    VAC1000138533

  • Positions

    2 available

What will the apprentice be doing?

We are a globally diverse mix of visionary thinkers and creative problem-solvers. At Malvern Panalytical, we are committed to developing the next generation of recruits through the apprenticeship scheme.

Reporting to Finance Business Partner, you will be paired with an experienced mentor for the duration of the apprenticeship, while line management will switch to the relevant host department as the programme progresses. As an apprentice with us, you will develop the valuable knowledge, skills, expertise and work habits you need to excel and succeed in your Finance career.

Responsibilities include:

Accounts Payable

  • Invoiced processing using an integrated OCR software
  • Reviewing & resolving exceptions
  • Completing vendor statement reconciliations
  • Preparation of bank detail verifications
  • Employee expense accounts

Accounts Receivable

  • Preparation and completion of credit checks for new and existing customers
  • Reviewing risk to the business regarding credit value requests
  • Cash postings
  • Customer account reviews
  • Credit control
  • PO investigation

Financial Control

  • Preparation of monthly and annual management accounts
  • Responsible for reconciliations and periodic reporting
  • Ensuring statutory and compliance requirements are adhered to
  • Analysis of financials to understand all aspects of the business
  • Providing insight and guidance across the business relating to processes and controls

Financial Planning & Analysis

  • Enabling effective forecasting and reporting across the business
  • Supporting the budget, strategic reviews and quarterly re-forecasting processes
  • Analysis of operations and investigation into variances
  • Building knowledge of analysis into future forecast projections
  • Providing analysis to support finance business partners, executive management team and the business owners

What training will the apprentice take and what qualification will the apprentice get at the end?

Level 2 Accounts or Finance Assistant Apprenticeship Standard.

  • Formal training is delivered at HWGTA, located in Worcester (WR4 9GN)
  • You will receive training one day per week which is a combination of face-to-face and remote, as per your assigned training plan
  • Additional training for functional skills in English and Maths will be undertaken if needed

You will receive monthly visits from your assigned Learning and Development Specialist, who will set you work, monitor your development and wellbeing, and discuss training sessions. They will also prepare you for your End Point Assessment to gain your

  • AAT Level 2 Certificate in Accounting 
  • Level 2 Accounts/Finance Assistant Apprenticeship (for level 2 applicants) 
  • AAT Level 3 Diploma in Accounting and Level 3 Assistant Accountant Apprenticeship qualification (for level 3 applicants).

There is also a five-day team-building residential trip that is held in the spring of each year offered to all apprentices on programme.

What is the expected career progression after this apprenticeship?

Potential to continue with further professional finance qualifications such as CIMA, ACCA.

Requirements and prospects

Desired skills and personal qualities

Attention to detail, Organisation skills, Problem solving skills, Number skills, Computer Literate, Enthusiasm for Business, Enthusiasm for Accounting, Flexible, Willing to learn, Career minded, Commitment to grow into role, Reliable

Qualifications

GCSE or equivalent English (Grade 9-4/A*-C) Essential
GCSE or equivalent Maths (Grade 9-4/A*-C) Essential
A Level or equivalent any subjects (Grade A*-C) Desired

Things to consider

This role could close sooner if a suitable candidate is found. Whilst the role is advertised for a Level 2 Accounts/Finance Apprenticeship, Malvern Panalytical would consider applicants for a Level 3 Assistant Accountant where suited to the candidate's prior qualifications and experience.

About the employer

We are Malvern Panalytical. We're BIG on small. We make scientific instruments and services that make the invisible visible, so you can make the impossible possible. We are here to unleash the power of very small things, to make big things happen. Our technologies enable our customers to create a better world. Improving everything from the energies that power us and the materials we build with, to the medicines that cure us and the foods we enjoy. We partner with many of the world’s biggest companies, universities and research organizations. They value us not only for the power of our solutions but also for the depth of our expertise, collaboration and integrity. We are a globally diverse mix of visionary thinkers, and creative problem-solvers. United by knowing that when you can make the invisible visible, you make the impossible possible.

Employer

Malvern Panalytical Ltd

Address

Grovewood Road

Malvern

Worcestershire

WR14 1XZ

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Training

Training provider

HEREFORDSHIRE AND WORCESTERSHIRE GROUP TRAINING ASSOCIATION LIMITED

Contact

Charlotte Anderson Ilic

Charlotte.AndersonIlic@hwgta.org

01905 330721

Apprenticeship standard

Accounts or finance assistant

Level 2 (GCSE)

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