🚀 Internship

Finance Assistant - Internship

Colas Rail UK

18d ago

🚀 Off-cycle


8d left
Apply by Jun 2


We have two finance internships available, you will have an overview of the positions, and then move to a specific role.

  • PI002 : Financial Controller Assistant
  • PI003 : Creditors Financial Analyst Assistant
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Area of Responsibilities

Banking & Finance


PI002 : Financial Controller Assistant

Cash performance

  • Produce the weekly debtor ageing report
  • Reconcile the clients’ outstanding per project
  • Calculate the WIP of each project based on the cost-based progress revenue method (IFRS 15)
  • Reforecast expected cash outflows weekly
  • Calculate the Cash Conversion Cycle for each legal entity
  • Monitor intercompany debtors

Data integrity

  • Run controls on resources not receipted in the cost capture tool
  • Run controls on PO raised on the wrong WBS element
  • Run internal controls/audits on the use of WBS elements
  • Audit every week the project filing for securing the commercial position

Project performance

  • Ensure all recharge projects have no balance at month-end
  • Support Cost Control by monitoring project resources, cost capture, and cost reallocations
  • Produce the management report on the month-end CVR position
  • Update the corporate R&O register when required

Budget process

  • Support the budget process by coordinating its preparation
  • Prepare activity forecast with projects
  • Review final project positions with compensation event and cost forecast assumptions
  • Monitor overhead evolution against forecast
  • Provide help with compiling the budget package                  

PI003 : Creditor Financial Analyst Assistant


  • Monitor invoices blocked in the scanning solution
  • Refine the scanning solution rules with the service provider support team
  • Liaise with the scanning solution support team about OCR errors
  • Match invoices with receipts (three-way matching)
  • Code invoices not matched
  • Push receipts not signed off before month-end

Data integrity

  • Liaise with all parties regarding non-compliant invoices/documents
  • Run controls on non-compliant orders
  • Audit regularly each step of the subcontract management process
  • Investigate each single one-shot supplier
  • Update the risk matrix report on the payable process weekly


  • Train project teams on the resource planning tool for better cost capture
  • Train project teams on the cost capture system
  • Support finance and project teams training on the recent updates of the P2P process
  • Support finance and project teams training on fraud prevention


  • Audit the GL daily and ensure VAT codes are applied correctly
  • Audit the GL daily and ensure CIS is applied correctly on subcontracts
  • Run controls on the supplier database and ensure VAT codes are set accurately by default
  • Run controls on the supplier database and ensure subcontractor tags are set accurately by default
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  • To be considered for these roles you’ll need to be fresh out of school/college, or alternatively, mid-way through a university degree and looking to do a placement year - these are paid internships and will look fantastic on your CV for a future career in finance.
  • Personally, you’ll be eager to learn, reliable, hard-working, organised and comfortable working to deadlines as either part of a team or individually. You’ll have a specific training plan devised to increase your skills, knowledge and understanding of the activity. We are highly selective. You’ll be commutable to Birmingham Business Park in Solihull and comfortable beginning your career on the UK minimum wage.
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As well as a highly competitive salary, Colas offers some great benefits with this role, including:

  • A generous pension contribution
  • Life assurance cover (x4 basic salary)
  • 25 days annual leave + bank holidays (with the option to buy/sell more)
  • Flexible working policy
  • Opportunity to study towards a professional qualification fully funded
  • Ongoing training and personal/professional development
  • Discounts on car leasing, holidays, cinema tickets, restaurants and much more through our online employee benefits porta
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