Great America Leasing Corporation Internship - Finance Rotation Intern - Summer 2022 (Cedar Rapids, IA) in Cedar Rapids, Iowa
Internship - Finance Rotation Intern - Summer 2022 (Cedar Rapids, IA)
GreatAmerica Financial Services is a highly successful entrepreneurial company providing equipment financing to businesses across the United States. Our exemplary customer service, our principle-centered business philosophy and our team-based operating approach are key to our success and growth.
GreatAmerica is structured in cross functional teams that allow individuals to make informed decisions that benefit the company and our customers. There is no doubt in our minds we are building the greatest company of its kind, offering the finest products and services available anywhere. When you are part of the GreatAmerica team, you are part of the future, part of an opportunity to grow professionally and to reach your potential while enjoying your work.
About this position:
Help influence GreatAmerica’s future as a Rotational Finance Intern! This internship is designed to recruit the best and brightest finance, accounting, and/or economics students from four-year colleges and universities in order to strengthen our teams for the future. The internship is structured for time to be spent working within the Corporate Finance team, the Treasury team and the Accounting team. During the rotations, the intern will perform financial analysis as well as present findings and recommendations to senior leadership. The intern will also assist in the development and enhancement of financial tools and models used to support strategic business decisions. Additionally, the intern will support the monthly financial closing process.
Additional specific responsibilities include:
Perform variance and trending analysis for certain company and business unit financial metrics and performance measures. Summarize findings for senior leadership along with recommendations.
Contribute to monthly financial analysis and internal reporting presented to the leadership team.
Assist in the preparation of the corporate and business unit 5-year financial models used to forecast operating results, including the income statement, balance sheet and cash flow statements. May also perform scenario analysis and decision support.
Maintain and update profitability and pricing tools using results from data analysis and 5-year financial models.
Contribute data analysis and financial analysis to projects in other key areas of the company which have financial implications.
Perform post-project analysis on completed projects to evaluate if planned outcomes were achieved.
Make recommendations to management regarding cost saving or profit generating opportunities and profitability improvement strategies.
Assist in establishing the daily cash position of the company and determine the daily borrowing requirements while minimizing interest expense.
Assist in the monitoring and reporting of bank fee expenses.
Perform data analysis on key areas of GreatAmerica’s securitization eligibility criteria.
Assist in the forecasting of monthly debt needs, preparation of securitization funding pools, and coordination of the associated interest rate swaps.
Complete general ledger account reconciliation(s).
Participate in month-end closing.
Prepare monthly reporting for various external customer programs.
Understand the accounting impact of relevant transactions and completes documentation to ensure compliance with GAAP.
Assist with financial statement preparation and analysis.
Live the GreatAmerica principles; get involved in cross-functional team efforts as assigned and required.
Perform other duties as required.
For all GreatAmerica team members: Honesty/Integrity, Customer Oriented, Accountability, Tenacious, Communication Skills (Oral & Written), Adaptability
For this position: Analytical Skills, Financial Aptitude, Accuracy, Detail Oriented, Problem Solving, Judgment, Self-Confident
Education: Candidate must be pursuing a bachelor’s degree or graduate degree in Accounting, Finance, Economics or related field with a minimum GPA of 3.25.
Experience: No previous work experience required, but prior internships or work in finance/accounting is considered a plus.
Skills and Abilities
Computer Skills: Experience with Microsoft Excel, PowerPoint, Word. Experience with Excel PowerPivot is a plus.
Other Requirements: Must have excellent analytical abilities and problem solving skills. Must be proficient in Microsoft Excel and possess outstanding computer skills. Must have strong interpersonal and communication skills to work with all levels of the organization. Must be an organized, creative, team-player with initiative. Must respond well to challenges and have a strong desire to learn. Must demonstrate sound business judgment
At GreatAmerica, we’re looking to grow our business through our people. Are you looking to grow your career? If so, submit your application at www.greatamerica.com/careers.