Finance Apprenticeship - TFL
Employer:Transport For London
Professional Accounting/Taxation Technician
Salary: £20,231(to be reviewed when London living wage is announced)
We’re evolving into a period of unprecedented financial change as the first transport authority in Europe to operate without government support for our day-to-day operating costs. This means we’re independently funding our £7bn annual operating costs from our own sources of income. By financial year 2022/23, we aim to make an operating surplus that we can reinvest into improving our network. As a Finance apprentice, you will have a huge part to play in this. You will work with stakeholders to make commercial business decisions together; challenging, driving and guiding them to reduce costs and increase income.
What will I be doing?
As an apprentice, your 2 year development programme will be made up of to 6 placement rotations which will develop your understanding of the different aspects that make up Finance as a business function. Alongside this, you'll be studying for the Chartered Institute of Management Accountants (CIMA) Certificate in Business Accounting qualification through the Level 4 Accountancy Taxation Professional apprenticeship.
Our aim is to equip you with the range of skills and experience you need for your successful career. We also understand that everyone’s career and ambitions are different, so every apprentice’s journey with us is unique.
Here’s an idea of what yours could look like:
Placement 1 – Business Services Function (Cash management) – 4 months
Allocating cash transactions, producing cash reconciliations and managing electronic payments
Placement 2 – Business Services Function (Revenue Collection) – 4 months
Reconciling credit card transactions, reporting ticket sales and processing financial accounting transactions
Placement 3 – Business Services Function (General Ledger) – 4 months
Allocation of ticketing revenue and supporting the provision of limited company accounts
Placement 1 - Operational Placement (London Underground [LU]) – 1month
Working in the frontline with London Underground Customer Service Assistants: assisting with crowd control, answering customer queries and helping customers
Placement 2 – Finance Hub – Record to Account - 5 months
Understanding the operational business (London Underground and Surface Transport) and the fundamentals of a business partnering role; closing accounts, budgeting, forecasting and planning
Placement 3 – Finance Hub – Reporting - 6 months
Designing, building and providing insightful finance reports for internal and external stakeholders.
What do we look for?
Everything we do as an organisation is to ensure that our evolving city remains future-proof for millions of Londoners. Our talented apprentices form a vital part of that vision, so it’s important that we find the best people to help us do this. We’re looking for people who are;
- Motivated to add value
- Comfortable challenging the status quo
- Inquisitive mind
As a member of the team, we’ll give you responsibility and the opportunity to add value. If you are excited by inspiring and influencing the future of London then this is the career path for you.
Where can this career take me?
Upon successful completion of this scheme, as a part qualified chartered accountant, you will have the skills to undertake an Assistant Finance Business Partner or Finance Analyst role (or equivalent). You could also further expand your career opportunities by undertaking a Level 7 apprenticeship, studying the full CIMA qualification and to reach Chartered Management Accountant status.
What training and support will you get?
You will be working towards a level 4 qualification in Business Accounting, accredited by CIMA.
Typically, you will be required to attend college and will be released for block periods of study.
Whilst on the scheme, we’ll support your technical development through a wide range of on-the-job practical experiences and placements. We’ll also support your professional development through a combination of classroom-led training courses, online training courses, mentoring opportunities and structured networking opportunities. You will receive one-to-one support throughout the programme from your scheme sponsor and your Line Manager. You’ll also be connected to a ‘buddy’ who will be a more experienced apprentice from the scheme.
A minimum of 5 GCSE’s Grade A* - C or Grade 4 and above including Maths and English language plus 2 A-Levels in any subject at grade A* - D or equivalent.
You are not eligible for this scheme if you currently hold or are working towards a qualification at the same or higher level in a related subject or have already studied content from the qualification for this scheme.
You must be 18 years of age by 1st September 2020 to be eligible for this scheme.
Sign up for apprenticeship alerts - its free
About the employer
From the famous red buses and black cabs to the Tube, TfL is responsible for virtually every mode of transport in the city.
People who applied for this apprenticeship also applied for:
This page contains public sector information licensed under the Open Government Licence v3.0. The information provider is the Education and Skills Funding Agency.