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Accounting/Finance Intern - Credit & Contract Administration

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PPL Corporation

2mo ago

  • Internship
    Full-time
    Summer Internship
  • Accounting & Tax
    Banking & Finance
  • Louisville

AI generated summary

  • You must be a full-time student, have finished your freshman year, major in accounting or finance, and maintain a minimum GPA of 3.00.
  • You will support credit reviews, monitor documents, input financial data, prepare reports, organize files, and assist with collections and contract administration tasks.

Requirements

  • Enrolled full-time and have completed freshman year of undergraduate studies with declared major in accounting or finance.
  • Minimum GPA 3.00

Responsibilities

  • Obtain counterparty information from customer or outside source for credit reviews.
  • Prepare and obtain credit enhancement documents for credit analysts to review.
  • Monitor expiration of credit enhancement documents and ensure renewals are received when appropriate.
  • Input financial data and public rating information into credit scoring financial models.
  • Prepare information packages for counterparties containing LG&E/KU credit information.
  • Prepare monthly management reports using Excel, Access, and CTS.
  • Assist in maintaining report to track credit exposure by customers.
  • Develop working relationships with power supply personnel.
  • Develop rapport with other industry credit professionals.
  • Assist in monitoring collection and bad debt accounts on all customers.
  • Assist in resolving discrepancies on customer accounts.
  • Responsible for organizing and maintaining credit files.
  • Maintain all credit department databases and files with current information.
  • Responsible for various legal documents tracking through internal departments.
  • Provide support to contract administration with confirmations and in communicating changes in counterparty information or status.
  • Commodity Trading System proficiency required.
  • Undertake special projects as needed.
  • Perform other duties as assigned by Manager, Credit and Contract Administration.

FAQs

What is the minimum GPA requirement for this internship?

The minimum GPA requirement is 3.00.

Is this internship available year-round?

No, the position is full-time in the summer and part-time during the semester, approximately 20-25 hours per week.

What is the required education level for applicants?

Applicants must be enrolled full-time and have completed their freshman year of undergraduate studies with a declared major in accounting or finance.

Will the schedule be flexible during the semester?

Yes, the schedule during the semester will be flexible around the student's class schedule.

What kind of tasks will the intern be responsible for?

The intern will assist in obtaining and preparing financial and credit information, monitor credit enhancement documents, input data into credit scoring models, prepare reports, and support various tasks as assigned by the manager.

Is prior experience in accounting or finance required?

Prior experience is not explicitly required, but relevant coursework and skills in accounting or finance will be beneficial.

What software skills are necessary for this role?

Proficiency in Excel, Access, and the Commodity Trading System (CTS) is required.

Are there opportunities for networking within this internship?

Yes, the role involves developing working relationships with power supply personnel and other industry credit professionals.

Will the intern have opportunities to work on special projects?

Yes, the intern will undertake special projects as needed.

Who would the intern report to?

The intern would report to the Manager of Credit and Contract Administration.

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PPL Corporation

Energy forward.

Engineering & Construction
Industry
5001-10,000
Employees
1920
Founded Year

Mission & Purpose

We understand the decisions we make today can help shape our energy future for generations to come. That’s why we are committed to growing and innovating in responsible, reliable ways that benefit customers, shareowners, employees and the communities we serve. This commitment comes to life through efforts across our business to build a smarter energy grid while advancing a cleaner energy future. PPL Corporation and the PPL family of companies power the lives and businesses of more than 3.5 million customers in the United States. Our high-performing utilities, Louisville Gas and Electric, Kentucky Utilities, PPL Electric Utilities and Rhode Island Energy, are addressing challenges head on by building smarter, more resilient and more dynamic power grids and advancing sustainable energy solutions. Headquartered in Allentown, Pennsylvania, PPL is a Fortune 500 company that employs more than 6,500 people in the U.S. Our employees fuel our innovation and growth, and we are committed to providing an inclusive work environment where all can reach their greatest potential.