Finance Analyst


A tribe of enthusiastic sparkheads, competing in the pulsating world of Formula E is both strategic and natural.

We are one of only 12 teams to have competed in the FIA Formula E Championship from its founding season in 2014. Right from the get-go, we’ve been busy upping the ante on technology and innovation.

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Mahindra Racing UK Ltd
Banbury / UK
Salary / Benefits
Contract Type

Finance Analyst – Formula E Cost Cap 

Mahindra Racing is a motor racing team based in Banbury, United Kingdom, competing with an Indian racing licence. The team is currently competing in the electric FIA Formula E Championship since the inaugural season in 2014 


Role Overview: 

An opportunity has arisen for a Finance Analyst – Formula E Cost Cap to join the Finance department in a rapidly expanding and exciting work environment. A key role within the Finance team, ensuring the financial integrity and compliance of the Formula E team and manufacturer cost cap regulations, whilst also supporting Mahindra Racing to balance this effectively with the overall goals and objectives. 



  • Work closely with all internal stakeholders to ensure compliance with the cost cap regulations set forth by the FIA. 
  • Stay abreast of the latest cost cap regulations and guidelines, ensuring that all financial practices align with the governing body's requirements. 
  • Monitor and analyse team expenditure, ensuring adherence to budgetary constraints and identifying potential cost overruns. 
  • Develop strong relationships with internal and external stakeholders, bridging the gap between racing goals, wider business goals and compliance requirements. 
  • Support the monthly reporting process of Mahindra Racing, catching discrepancies and investigating key variances in a timely manner for the Formula E projects, improving data quality for cost cap compliance purposes. 
  • Provide guidance to the internal team on financial best practices to ensure ongoing compliance.
  • Support the budget and forecasting process ,identifying ways Mahindra Racing can best track against cost cap requirements, identifying issues and resolving them quickly. scope of the role and grade.



  • Qualified accountant (ACA, ACCA, CIMA or equivalent) with adequate post qualification experience. 
  • Proven experience in financial analysis, challenging norms and driving new ideas.
  • Proficient with ERP systems and Excel, interrogating data and unravelling transaction trails to problem solve. 


Preferred Qualifications: 

Experience in the motorsport industry would be advantageous but is not essential.

Experience in audit (statutory or internal) would be helpful in this role but is not critical. 


Personal Profile: 

· Used to working to own initiative 

· Effective written and oral communication skills in English 

· Works methodically with attention to detail 

· Leads by example, can and will motivate his/her team & peers 

· Practical approach by using rigorous logic and methods to solve problems with effective solutions 


Company Benefits: 

  • Personal Performance Bonus scheme 
  • Podium bonus scheme 
  • Team points bonus scheme 
  • Generous pension scheme 
  • Private health care 
  • Access to state of the art gym facility 
  • EV car scheme 
  • 25-days holiday per annum 


Please apply with your CV and cover letter

Please include GDPR consent in your resume. 


This job specification is intended to describe the general nature and level of work performed by individuals assigned to this position. It is not intended to be an exhaustive list of all responsibilities, duties, and skills required.


Mahindra Racing would like to thank you for your application.
Due to being inundated with applicants, we unfortunately cannot get back to everyone, if we don't get back to you it means you have been unsuccessful.
We wish you all the best for the future and ask you to keep checking for roles with us in the future that may suit your skillset.

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