Company: Volvo Group (Volvo Group Finance)
Job Title: Graduate Apprentice Trainee (NATS Program)
Requisition ID: 35454
Job Category: Finance / Accounts Payable
Employment Type: Temporary / 1-Year Fixed-Term Apprenticeship (On-the-Job Training)
Work Mode: Work from Office (5 days a week)
Location: Bangalore, Karnataka, India (Pincode: 562122)
Company & Practice Overview
Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment, and marine/industrial engines. Volvo Group Finance provides centralized global services covering financial planning, accounting, accounts payable/receivable, business controlling, and financial reporting.
This Graduate Apprentice Trainee role is offered under the Government of India’s National Apprenticeship Training Scheme (NATS) pursuant to the Apprentices Act, 1961. Based at Volvo Group’s campus in Bangalore, the 1-year apprenticeship provides practical, hands-on On-the-Job Training (OJT) within the Finance and Accounts Payable operational units.
Key Responsibilities & Daily Operations
- Invoice Management: Prepare, scan, verify, and register daily incoming vendor and operational invoices into financial accounting systems.
- Invoice Matching & Error Handling: Perform three-way matching (Purchase Order, Receiving Advice, and Vendor Invoice) to identify and resolve pricing/quantity discrepancies.
- Accounts Payable Operations: Assist senior accountants in vendor query resolution, ledger reconciliation, and payment batch preparation.
- Financial Data Entry & Reporting: Use MS Excel and ERP tools to update transactional logs, maintain invoice audit trails, and support monthly closing tasks.
- Process Compliance: Ensure all invoice registration workflows comply with internal financial controls and Indian tax/accounting guidelines.
Minimum Eligibility & Qualification Criteria
Academic Background
- Degree: Bachelor’s degree in Commerce or Business Administration (B.Com or BBA).
- NATS Registration Eligibility: Must meet Government of India NATS eligibility criteria for fresh graduate apprentices.
Must-Have Skills
- MS Office Proficiency: Practical working knowledge of Microsoft Excel (formulas, data sorting, basic lookup functions) and MS Word.
- Problem-Solving Skills: Ability to systematically identify invoice mismatches, error codes, and numerical discrepancies.
- Communication: Effective verbal and written communication skills in English for internal cross-team correspondence.
Good-to-Have Skills
- Hands-on knowledge or academic exposure to SAP ERP (Accounts Payable / FI-CO modules).
- Basic understanding of financial transition processes or shared services center (SSC) environments.
Compensation & Apprenticeship Perks
- Stipend: Standard NATS Government prescribed stipend augmented by Volvo Group corporate apprentice allowances (typically ranging between ₹18,000 to ₹25,000 per month).
- Apprenticeship Benefits:
- Official NATS Government Certificate of Apprenticeship Training upon 1-year completion.
- Direct hands-on corporate experience within a Fortune Global 500 automotive finance center.
- Exposure to enterprise ERP systems (SAP) and global shared service workflows.
Selection Workflow & Interview Steps
1. Application Screening & NATS Eligibility Verification (Requisition ID: 35454)
(Verification of B.Com/BBA degree, graduation year, & NATS portal eligibility)
↓
2. Basic Aptitude & Accounting Fundamentals Assessment
(Evaluation of core accounting concepts, debit/credit principles, & MS Excel usage)
↓
3. Technical Finance & HR Interview
(Discussion on Accounts Payable concepts, invoice matching scenarios, MS Excel knowledge, & communication)
↓
4. NATS Contract Enrollment & Volvo Group Onboarding (Bangalore Campus)
Essential Technical & Finance Topics to Prepare
- Accounts Payable Fundamentals: Three-way matching (PO, GRN, Invoice), golden rules of accounting, trade payables, and debit/credit note workflows.
- MS Excel for Finance: VLOOKUP/XLOOKUP, Pivot Tables,
SUMIF/COUNTIF, text manipulation, and sorting/filtering datasets. - Enterprise Software Awareness: Basic navigation and transaction codes (T-Codes) related to SAP FI/AP modules.
Core Resume Keywords for ATS Optimization
- Finance & Accounting: Accounts Payable, Invoice Registration, Invoice Scanning, Three-Way Matching, Error Handling, Ledger Reconciliation
- Degrees & Schemes: B.Com, BBA, National Apprenticeship Training Scheme (NATS), Graduate Apprentice Trainee, Apprentices Act 1961
- Tools & Systems: Microsoft Excel, MS Office, SAP ERP, SAP FI-CO, Financial Systems
- Competencies: Communication Skills, Problem Solving, Process Compliance, Shared Services, Attention to Detail
Frequently Asked Questions (FAQs)
1. What is the Requisition ID for this role?
The official Volvo Group requisition ID is 35454.
2. What educational degrees are eligible?
Candidates with a B.Com (Bachelor of Commerce) or BBA (Bachelor of Business Administration) degree are eligible.
3. Is this a permanent job offer?
No, this is a 1-year temporary On-the-Job Training (OJT) position under the Government of India’s National Apprenticeship Training Scheme (NATS).
4. What is the work location and work mode?
The position is located at Volvo Group’s facility in Bangalore (Pincode: 562122) and operates under a full-time Work from Office (5 days a week) mode.