FAQs
What are the main responsibilities of the Finance Co-op in Accounts Receivable?
The main responsibilities include completing month-end close tasks related to closing the General Ledger (GL), assisting with the annual financial statement audit, leading documentation projects, helping with the preparation of external financial reporting documents, maintaining internal controls documentation, and providing project management support on key initiatives.
What kind of tasks will the Finance Co-op handle during the month-end close?
The Finance Co-op will specifically work on tasks related to closing the General Ledger (GL), which may include journal entries, reconciliations, and ensuring all financial transactions are accurately recorded within the designated timeframe.
Will the Finance Co-op be involved in audits?
Yes, the Finance Co-op will assist with the annual financial statement audit, which involves preparing necessary documentation and ensuring compliance with audit requirements.
What type of projects will the Finance Co-op lead?
The Finance Co-op will lead projects related to documentation, which may include creating or updating policies, procedures, and controls related to the finance department.
Will the Finance Co-op be responsible for external financial reporting?
Yes, the Finance Co-op will assist in the preparation of external financial reporting documents, contributing to the clarity and accuracy of reports provided to stakeholders.
What skills are necessary for the Finance Co-op position?
Strong analytical skills, attention to detail, proficiency in finance-related software, project management abilities, and effective communication skills are necessary for the Finance Co-op position.
What educational background is preferred for this Finance Co-op role?
Candidates pursuing a degree in finance, accounting, or a related field are preferred for the Finance Co-op role. Relevant coursework and previous internship experience may also be beneficial.
Is this position full-time or part-time, and when does it start?
This position is a co-op opportunity, typically designed for students, and it is expected to start in the Fall of 2024.
What is the significance of maintaining internal controls documentation?
Maintaining internal controls documentation is crucial to ensure the integrity of financial reporting, adherence to regulations, and protection against fraud and errors within the finance department.
How will the Finance Co-op contribute to project management support?
The Finance Co-op will provide project management support by assisting in the planning, execution, and monitoring of key financial projects, ensuring they align with organizational goals and deadlines.