Associate, Graduate Trainee, Finance recruitment
Department overview:
Markit is a world leading provider of information and data to the banking and finance sectors and, due to significant growth, are currently looking to recruit a key individual to join our team. The group operates globally from 10 countries and is rapidly growing both organically and through an aggressive MA program.
Position summary
We are seeking a technically excellent, part qualified ACCA individual to join our graduate trainee program, based in the London finance team. The Trainee will not hold a single position within the function’s team, but instead rotate on a planned program across the functions of Finance in order to gain practical knowledge and experience as part of the training program.
Duties accountabilities
In addition to the Trainee’s passing of professional exams and gaining their professional qualification, Markit is committed to providing the Finance Graduate Trainee with a broad experience of Finance across the functions that comprise the function. This will facilitate the building of knowledge of finance operations from transaction processing, through commercial support of the business, tax, treasury, statutory accounting, business planning and forecasting.
Key areas of experience that have been identified as part of the rotation program within Markit’s finance function include:
• Understanding sales contracts
• Preparing and maintaining accounting records
• Statutory and regulatory reporting
• IT desktop skills
• Financial Systems support and development
• Policy and procedure development
• Management accounts preparation and variance analysis / interpretation
• Preparing budgets and regular business forecasts
• Preparation of investment analysis / business case preparation
• Management and control of working capital
• Treasury management
• Tax contribution to calculations and also implementation of global tax strategy
A placement may range in length of between three to nine months, with the shorter facilitating a more narrow range of experience and the longer providing a learning opportunity across a range of areas.
Each placement will have learning objectives set and these will be reviewed with the Trainee’s mentor on a regular basis and more formally at the end of the placement.
The study package
• Professional membership fees fully paid.
• Professional exam fees fully paid.
• Taught or distance learning course for agreed papers fully paid for. Note that, subject to management discretion, taught courses will be limited to evening or weekend courses.
• Revision courses for the agreed papers to be sat will be fully paid for.
In addition to the generous financial support offered above Markit will provide two days per paper being sat study leave, plus half a day / one day, depending on the exam timetable, exam leave per paper being sat.
The above study package can, subject to management’s approval, be supplemented by the Trainee’s annual leave entitlement.
The direct remuneration
The basic salary will be subject to review semi-annually, based on work performance and exam success. This will be undertaken within eight weeks of exam results being received and also be subject to a formal performance appraisal being undertaken.
The Finance Graduate Trainee will be eligible to participate in the Company’s annual bonus scheme and share option scheme. The trainee will also benefit from full private medical cover and permanent health insurance, along with life insurance.
Business competencies Education and experience
• Part Qualified ACCA – first time passes essential
• Strong technical accounting skills
• Exceptional systems knowledge including SAP, Excel, Word and PowerPoint
Commercial awareness
• Outstanding commercial knowledge and awareness
Management requirements
N/A
Personal competencies Personal impact
• Ability to work effectively towards deadlines and self prioritise
• Diligence, integrity, confidence
Communication
• Excellent communication skills for interaction with personnel at all levels in the organisation
Teamwork
• Strong team mentality essential
Company overview
Markit is a leading, global financial information services company with over 2,500 employees. The company provides independent data, valuations and trade processing across all asset classes in order to enhance transparency, reduce risk and improve operational efficiency. Its client base includes the most significant institutional participants in the financial marketplace. For more information, please see http://www.markit.com