Treasury Accounting & Finance Undergraduate Placement

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).

We’re looking for an undergraduate to join our Finance team as a Treasury Accounting & Finance Undergraduate where you will support daily treasury operations, cash reporting, funding activity and monthly financial tasks. You will help ensure cash positions, loan repayments, swap payments, reconciliations and reporting are accurate, timely and controlled across multiple entities. If you want a treasury operations, liquidity and finance placement where your work contributes to real business outcomes, we want to hear from you!

What will you be doing?

• Prepare and manage daily cash sheets and payments for Volkswagen Bank Branch UK, VWFS UK and MAN FS.
• Investigate differences between forecast and actual closing balances and explain significant movements.
• Work with Treasury colleagues on daily cash flow and loan or deposit requirements.
• Prepare payment requests for maturing loans and coordinate signature availability.
• Maintain loan portfolio spreadsheets, resolve differences and comment on exceptions.

Monitor bank accounts daily and confirm expected payments and receipts.

Prepare monthly swap payments and maintain swap schedules, confirmations and month-end processes.

Support month-end reporting, interest accruals, reconciliations and monthly KPIs.

Maintain procedure documentation, support Treasury mailbox queries and contribute to Management Information packs.

What are we looking for?

• Working towards a Finance related degree or qualification.
• Previous experience in a Finance or Treasury team would be beneficial.
• Intermediate Excel skills.
• Ability to work flexibly under pressure and deliver to strict deadlines.
• Strong eye for detail, accuracy and statistical problem-solving skills.
• Self-motivated and a strong team player who is open to new challenges.
• Strong communication skills with internal and external stakeholders at different levels.
• Confident in stakeholder management and able to drive process improvement.
  
  

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:

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.