Volkswagen Financial Services (UK)
Accounts Specialist Undergraduate Placement
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Location: Milton Keynes
Closing Date: 30th September 2026
Salary: £23,915.49
Contract: 12-13months FTC Start dates are usually in June/July
Hybrid working: We want you to get the best out of your placement, so we operate a hybrid policy where undergraduates work in the office 3 days per week. There may be times where you will need to be in more frequently depending on the needs of the business.
To apply for our undergraduate placement scheme, you must be studying for an undergraduate degree that requires a placement year. Master’s students are not eligible for this placement.
Please consider before applying if you live more than 60 minutes away from post code MK15 8HG, that you would need to relocate to either Milton Keynes or be a commutable distance (within 60 minutes).
Role Overview
We’re looking for an undergraduate to join our Finance Operations team, with a focus in Accounts Receivable as an Accounts Specialist Undergraduate. You will have the chance to develop your finance operations experience while supporting customer account integrity, reconciliations, transactional investigations and process improvement across VWFS. If you’re eager to kick-start your career, possess a good understanding of finance operations, customer account processes and accurate financial data, and have a genuine passion for the field, we want to hear from you!
What will you be doing?
- Reconcile sales ledger balance sheet accounts relating to Rent-a-Car and customer portfolios.
- Investigate and resolve Net Debt and Unmatched Cash transactions within agreed targets.
- Identify customer refunds within defined refund rules and support accurate customer account outcomes.
- Build technical knowledge of Contract Management System, SAP FI and Excel while improving product knowledge.
- Use root cause analysis to identify process enhancements and support training across operational areas.
- Support documentation, UAT activity, business requirements and change requests where required.
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What are we looking for?
- Currently studying a finance, accounting, business or related degree that requires a placement year.
- Proficient with Microsoft applications, with intermediate to advanced Excel skills beneficial.
- Strong analytical skills and ability to investigate complex business process issues.
- Highly numerate, accurate and organised, with a methodical approach to work.
- Confident communicator who can collaborate with colleagues at all levels.
- Self-motivated team player who is reliable, responsible and open to new challenges.
- Interest in process improvement, operational excellence and customer account integrity.
Why apply for an undergraduate placement with VWFS?
Here at VWFS you'll be able to kick start your professional experience in the workplace. We take on 49 undergraduates each year which we find really helps our undergraduates as you all go through the programme, building your knowledge and networks together.
You’ll also benefit from:
- A focus on personal development with access to LinkedIn Learning via our ‘Degreed’ platform and a bespoke development programme throughout your placement year delivering personal management, technical and soft skills including building successful relationships, presentation skills, IT skills and data literacy.
- A supportive environment and network of colleagues to help you get your best out of the year - in a recent survey, 100% of our undergraduates said they felt valued and supported.
- The opportunity to work on real life business projects and deliver impact around topics like sustainability.
- Subsidised onsite canteen and coffee shop
- Subsidised onsite restaurant with a range of hot and cold breakfast and lunches.
- Employee Resource Groups supporting an inclusive workplace
- Social gatherings and team events & volunteering opportunities.
- Physical and mental health support with our Onsite Wellbeing Centre
Discretionary benefits include:
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- Bonus: Discretionary bonus based on both personal and Group company performance (pro-rated)
- Car schemes*: The opportunity to join our popular car scheme plus car insurance cover.
- Pension: Employer pension contribution of 9% (based on employee contribution of 3%). VWFS will pay 6% if employee chooses a 2% employee contribution. From day 1 we provide income protection, life assurance (4x salary), will writing, retail discount vouchers, access to Care Concierge (a service to support carers of adults). Private medical insurance is available following successful completion of probation.
What our recruitment process looks like:
- Apply and upload your CV, covering letter and answer a few application questions.
- You’ll be invited to complete a Situational Judgement Test. This is a short multiple-choice question set to help us understand how you may approach situations.
- If you pass this stage, you will be invited to complete an online video interview where you will have the opportunity to tell us more about yourself.
- If successful, your last step in the journey is to attend an in-person Assessment Centre at our Milton Keynes office. You’ll also meet some of our managers and our current undergraduates to find out more about a placement year with us.
Please note: Our undergraduate placement roles do not meet the UKVI’s criteria for the skilled worker sponsorship route, therefore we are unable to accept candidates requiring sponsorship for this role.
More information about car schemes
Our current car schemes are under review following changes in legislation from HMRC and so whilst we don’t have full details of our car scheme to share with you now, we will let you know what this looks like as soon as we are able.
Please do not apply for more than one placement role with us. This will ensure that you are considered for the placement that you are most interested in, and your skills are aligned to.
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