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Lockheed Martin

Accounting and Finance Placement Student Review

at Lockheed Martin

Placement (10 Months+)

Accounting

Havant

Review Submitted: September 2024

Overall Rating

4.2 /5

The Overall Rating is the average of all the ratings given in each category. We take those individual ratings and combine them into one final score!

4/5 - Overview of Role
4.3/5 - Skills Development
5/5 - Support and Guidance
3.8/5 - Company Culture
4/5 - Overall Experience
5/5 - Future Career Prospects

Overview of Role

Please give an overview of your role and what this involves on a day-to-day basis.
Analysing accounting issues & preparation of journal entries.
Assisting with monthly accounting close process & US checklists
Bank account monitoring and preparation of some General ledger reconciliations.
Supplying invoice & billing backup for recharges to Business Areas.
Prepare Bank transfers and some ad hoc payments.
Submittal of UK Payroll files into BACS
Internal & External Audit process support.
Correct recording of payroll, overheads, rents, pre-paids, liabilities and other expenses.
Clearance of suspense accounts
Maintain Internal Billing System details.
Proactive and diligent support to other team members
Ad-hoc Support to UK Travel, Accounts Payable & Payroll teams
Were you given much responsibility during your placement / internship?
I have been given quite a lot of responsibility. Tasks such as submitting the BACS files are very important as these will determine the wages and taxes of all UK employees. I am often also asked to complete bank transactions which naturally is a high responsibility task.
Please rate how meaningful the work you were doing was
4/5

Skills Development

Have you learnt any new skills, or developed your existing skills?
My problem solving and financial deduction skill shave really improved during my placement. I frequently have to understand the financial workings of the company to be able to correctly record and journal transactions.
My Excel and general Microsoft application skills have also improved due to the fact that I use them everyday and have found new ways to improve the efficiency of my work.
I feel like the skill I have developed the most is my ability to work as a team and ask for help (and help others) when needed.
How would you rate the training provided during your experience?
5/5
How would you rate your development of industry-specific skills during the experience?
4/5
How would you rate your development of personal / soft skills during the experience?
4/5
Please rate how these skills have helped you in your career development
4/5

Support and Guidance

How much support and guidance did you receive during your placement / internship?
I had a 6 week handover period with the previous placement student which was really useful as I could constantly ask questions and learn from the person who knows my role best. However, even after that period, the rest of the team have been very happy to assist and answer questions when needed.
I also received additional training for a task within another team which I thought was dealt with very well and I had a good amount of time learning the process with a guide before I was left to complete it by myself.
How would you rate the support and guidance from your line manager?
5/5
How would you rate the support and guidance from the wider team?
5/5

Company Culture

What was the company culture and general atmosphere like?
It's quite a large company so pretty impossible to know everyone but everyone is friendly and my team gets on well. The atmosphere never smees too stressed or tense and everyone feels approachable.
Definitely a nice way to warm into the working environment without being too intimidated.
How would you rate the inclusiveness of the culture?
4/5
How would you rate the social opportunities?
3/5
How would you rate the diversity initiatives?
4/5
How would you rate the charity, sustainability and corporate social responsibility (CSR) initiatives?
4/5

Overall Experience

To what extent did you enjoy your placement / internship?
I think it has been really enjoyable, it's definitely had it's challenging moments but that makes it more rewarding. I feel like the team and work atmosphere have really helped in making me feel welcomed and comfortable so quickly.
Please rate your level of enjoyment on your placement / internship
4/5
Please rate how your experience met your expectations
4/5

Future Career Prospects

Please rate the future employment prospects at Lockheed Martin
5/5

Recommendations & Advice

Would you recommend Lockheed Martin to a friend?
Yes
What advice would you give to others applying to Lockheed Martin
Try to know about the company and what they do. Show you're interested in their projects and that you're excited to work there.
Study the job descriptions well as they are often exactly what you will be doing in the role so you can have a head start by thinking about what each task entails and how you could prepare.
In This Review
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