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Finance Placement Programme

Job in Luton, United Kingdom
Posted

Degree level

Bachelor

Job function

Finance

Required language

English (Fluent)

Work experience

0 to 1 years

Start date

1 August 2020

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Want to get your career off to a flying start?  The sky’s the limit with TUI.  We’re the world's number one tourism business, operating in around 180 destinations worldwide, which means limitless global opportunities for you and your future.

As a placement in Finance, you’ll spend an invaluable year working right at the heart of our business – with real responsibilities, and the chance to work on real projects.  You’ll gain a unique insight into our exciting and dynamic industry, with exposure to many other functional areas and senior colleagues, as well as the opportunity to enhance your professional skills through an extensive and tailored programme of learning and development.  You’ll have lots of fun during your time with us, and we’ll ensure you get the support you need every step of the way.  Plus, if your placement goes well, you could be fast-tracked to an offer for when you finish university.

We’re hugely proud to be consistently rated as a top provider of placements in RateMyPlacement's list of top medium-sized undergraduate employers – take a look at the great reviews some of our previous and returning placements have left us!

What you will be doing

Our Aviation Planning Finance team support the Aviation Planning department who are responsible for fleet and capacity management, airport revenue’s and costs and external sources of aircraft revenue.  In addition, they support the Aviation Planning team by providing insight and analysis into the profitability of flown routes and calculation of the airline destination seat rates which are charged to tour operators.

During your placement, you’ll be working as a Finance Analyst in two areas of our Aviation Planning Finance team: Airports and Pricing.

Airports

This team reports on airport related costs, such as landing charges, passenger charges, government taxes, aircraft parking and passenger lounge costs with total cost base of c.£350m.  They’re also responsible for monitoring and collecting airport rebates and providing financial analysis to the Aviation Planning Commercial team to aid in airport contract negotiations.

Here, you’ll get involved with the accounting and reporting (month-end accounting and forecast) process, including preparing and uploading journals into our finance system (SAP), reconciling the forecast to the month end results, running general ledger reports, updating reporting templates and cost models, reconciling balance sheets and updating cash flow reports working alongside Airline Finance teams.  You’ll also support the Commercial team with the evaluation of new deals for airport contracts, and in particular take responsibility for passenger lounge costs, acting as finance support for the Commercial Executive who works in the Aviation Planning Commercial team.

Pricing

This team creates the contract seat rates that are charged to external and internal tour operators, as well as creating the end-to-end airline route profitability.

Here, you’ll get involved with the creation of a new ad hoc pricing model, with a view to eventually become the main point of contact for ad hoc seat rates.  You’ll also support the tour operator seat rate pricing and route profitability process by populating templates for finance and business colleagues, as well as testing and writing documentation for the new Airline pricing and route profitability process.

What we are looking for

Our placements are suitable for those who are on a sandwich degree course, looking for a 12-month placement to commence in August 2020, and due to graduate by September 2022, as you’ll complete the industrial placement in your penultimate year of university.

You’ll be on track for a 2:1 or above in any subject, and have a minimum of 120 UCAS points under the 2017 tariff system (extenuating circumstances will be considered on a case-by-case basis).

We're looking for agile-minded, innovative thinkers, who are keen to learn and take on new challenges.  Those who have a flair for collaborating with others, a natural drive for results, and are able to think strategically about the business.  Adaptable individuals with a talent for thinking analytically, and a focus on providing unrivalled service to our customers.

You’ll also have a passion for Finance, as well an interest in the travel industry.

Working within TUI group

Be Yourself… Be Unique!  TUI’s more than a brand, it’s who we are.  Trusted – Unique – Inspiring.

We’re the leading tourism business with diverse customers and over 67,000 employees.  Together, we embrace different continents and cultures.  We believe travel broadens the mind.  Just like our customers, we’re on a journey, of development towards a more digital, connected and integrated future.  But we haven’t arrived there yet.  We believe that differences drive innovation and we’re encouraging an environment where diverse talent thrives.  Inclusion is fundamental to everything that we achieve and it’s our unique colleagues that will shape the future of travel.

The TUI Group includes our unique hotel portfolio, our cruise ships, our own aircraft, tour operators, travel agencies.  TUI is the UK’s largest tour operator with key brands including TUI, First Choice, Marella Cruises and Crystal Ski Holidays.  Our airline is the country's third-largest with 62 aircraft operating to over 88 destinations in 30 countries.  We have a team of more than 10,000 employees serving over 5.5 million customers each year. 

Join us now and you can look forward to a competitive salary, pension scheme and further benefits such as generous holiday discounts, excellent rates with foreign exchange and discounts with retailers.

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About TUI UK
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We are one of the world’s leading leisure travel companies. Our market-leading brands in the UK include TUI, First Choice and Marella Cruises.

Leisure, Travel & Tourism
Luton
20,000 employees