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About the Company:
Xtrac is the world’s leading designer and manufacturer of specialist transmissions. Our customers include the top motorsports racing series including Formula One, Le Mans, IndyCar and NASCAR and we...
Role Overview:
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Who We Are
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Welcome to the Audi F1 Project.
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For more than twenty years, our long-term endurance race programme has delivered success and helped cement Prodrive’s reputation as the world’s most successful multi-disciplined motorsport business. Our race programme i...
RESPONSIBILITIES:
Maintain accurate and up-to-date financial records
Perform and responsible for A/P, A/R accounting duties
Perform and responsible for all types of financial analysis (ie. PPV and inventory analysis)...
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Take the Quiz NowFinance and accounting roles in motorsport manage the complex financial operations of racing teams and motorsport businesses. These positions combine traditional financial expertise with the unique challenges of racing operations, from budget cap compliance to race weekend operating costs.
Salary Insights
Based on our latest industry data and survey responses:
- Junior Financial Accountant: £30,000 - £45,000 ($38,000 - $57,000)
- Management Accountant: £45,000 - £65,000 ($57,000 - $82,000)
- Finance Manager/Controller: £65,000 - £120,000+ ($82,000 - $151,000+)
Salaries vary based on team size, racing series, and specialisation, with Formula 1 typically offering higher compensation due to budget cap complexities.
Common Specialisations
- Financial Accountant - Managing day-to-day financial operations
- Management Accountant - Handling budgeting and cost control
- Financial Controller - Overseeing financial strategy and compliance
- Cost Engineer - Specialising in budget cap and cost control
- Financial Analyst - Focusing on performance analysis and forecasting
Typical Requirements
- Professional accounting qualification (ACCA, CIMA, ACA)
- Experience in financial management or accounting
- Understanding of regulatory financial frameworks
- Strong analytical and reporting skills
- Knowledge of financial software and systems
- Experience with budget management and forecasting
Career Development
Common career progression paths include:
- Finance Assistant → Management Accountant → Finance Manager
- Junior Accountant → Financial Controller → Finance Director
- Cost Analyst → Senior Cost Engineer → Head of Financial Strategy
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