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Level 3 finance apprenticeship

Network Rail
York, Milton Keynes, Manchester, Basingstoke
Closing date
3 Feb 2023

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Role Type
Apprenticeship, Advanced
Start Date
24 months+

Our Level 3 Finance Apprenticeship Scheme is an alternative route to university and provides a unique opportunity to understand different aspects of finance and how they all interact with the wider business. You’ll enjoy generous study support; with the time and space you need to complete your qualifications. Plus, you’ll have plenty of opportunities to put your learning into practice. 


You’ll be mentored and guided by former graduates and senior finance leaders, who will empower you to grow and develop. Working independently, you’ll learn how to excel in high pressured environments. And, as we’re big believers in agile and flexible working and promoters of a diverse and inclusive culture, we’ll encourage you to bring your whole self to work every day. 


Overview You need to be aged 18 or over to apply for this scheme. Your starting salary is £17,000. There will be opportunities during the scheme to receive pay awards, based on your placement and exam performance, The scheme lasts for 4.5 years – 5 years. Our apprenticeship opportunities are located in: Milton Keynes and regional offices which include London, Leeds, York, Derby and Manchester. The scheme lasts for 4.5 – 5 years for Group Finance apprentices and 3 – 5 years for regional apprentices. Start date: Applicants must be available to start from September 2023 Who you are matters We look for people with an analytical mind and a flair for financial planning. Enthusiastic about your work, you’ll enjoy collaborating with others and have the skills and ability to communicate with a variety of different people.


We invest in you and give you vast exposure to different areas and aspects of finance, because we believe you will be the future of our business. In return, we respect apprentices who are driven, hardworking and uphold Network Rail’s values and behaviours.


What you’ll be doing As an Apprentice you’ll rotate across a range of placements and a variety of departments giving you a unique experience of how finance works within Network Rail. You’ll support finance teams with forecasting, budgeting and analysis as well as taking the lead on meetings and reporting to senior members of the company. Combining a wide variety of live projects and off the job training you’ll hone your skills as a future leader.


For the first two and a half years to three years You’ll complete rotational placements along with studying for the Association of Accounting Technicians (AAT) qualification as part of the Level 3 and Level 4 apprentice programme. Alongside this, you’ll gain business knowledge through your various rotations and be involved in a variety of periodic management accounting activities such as balance sheet reconciliations, variance analysis and reporting and business partnering with non-finance functions. 


For the remainder of the scheme From year 4 onwards, you’ll be able to undertake placements in our route businesses within the regions whilst studying the Chartered Institute of Management Accountants (CIMA) qualification as part of Level 7 apprenticeship. You are encouraged to use the experience you’ve gained from projects, the understanding of transactional accounting and the knowledge of policies and procedures to add real value to the business areas you’ll be working in.


Due to the huge amount of exposure and experience you gain in the early years of the scheme; you’ll often be in demand to complete complex projects for finance leaders.


You’ll also have the support of your line manager and your apprenticeship talent coach in developing your Personal Development Plan (PDP). Our programme includes opportunities to collaborate with other apprentices and attend development days and volunteering opportunities.


What you’ll get out of it Apprentices complete AAT level 3 and level 4, and CIMA level 7 apprenticeship programmes and receive Associate status with the Chartered Institute of Management Accountants (CIMA)


Designations: AAT Bookkeeper (AATQB) – Level 3 Professional MAAT – Level 4 Associate Chartered Management Accountant (ACMA) and Chartered Global Management Accountant (CGMA) – Level 7 Your benefits matter  28 days annual leave plus bank holidays.   5 volunteer days to contribute to your favourite causes.   Access to our employee assistance program, to help you with any finance, family, health or wellbeing issues you have.  Up to 75% discount on rail and underground season tickets.  Discounted online shopping.  Healthcare club membership discount.  Childcare vouchers.  Access to a range of pension and insurance schemes.  Two weeks paid reserve leave for members of our Armed Forces community.  The opportunities it leads to  At the end of your apprenticeship, you’ll be given the support you need to continue your career at Network Rail and move into one of our finance roles. The Finance Apprentice scheme is now in its seventh year (launched in 2015), and we’re proud to say that its first cohort are working in permanent roles in the company. This is because we believe in recognising, developing and promoting talent.


At the end of your 5-year scheme, you would be eligible to apply for Finance Business Partner roles and earn a salary in the range of £41,000 – £46,000. Those on a 3-year regional scheme will be eligible to apply for Assistant Management Accountant roles.


The entry requirements You can apply if;


you’ve achieved a minimum of 5 GCSEs (or equivalent) at grades 5 or higher, (must include English and Mathematics at grade 5 or higher). if you have achieved/predicted to achieve a minimum of grades A*-C from your top 3 A-Levels (or equivalent), not including General Studies. A-level Mathematics is desirable but not essential. You can’t apply if you already have a Level 3,4 or 7 finance qualification (e.g AAT, CIMA, ICAEW).


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