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Intern - Finance (Year-Round)

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Colgate-Palmolive

11d ago

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

AI generated summary

  • You must have attention to detail, analytical skills, financial acumen, time management abilities, competence in financial software, and problem-solving skills for financial operations.
  • You will track purchase orders, analyze cost reports, perform NVO analysis, process invoices, conduct month-end close activities, and manage fixed asset tagging and reconciliations.

Requirements

  • Attention to Detail: Ensuring accuracy in generating reports, managing invoices, and performing reconciliations.
  • Analytical Skills: Ability to analyze spending, costs, and variances to provide meaningful insights for waste disposal, temporary help, and other operating expenses.
  • Financial Acumen: Basic understanding of financial principles and accounting practices to handle tasks related to accounts payable, accruals, and reconciliations.
  • Ability to prioritize tasks and manage time effectively to meet deadlines for month-end close activities and other deliverables.
  • Competence with financial software and tools (e.g., Excel, SAP, DOMO, Scripting) for generating reports, analyzing data, and managing financial transactions.
  • Ability to identify discrepancies, propose solutions, and follow through on resolving issues related to purchase orders, payroll adjustments, and other financial operations.

Responsibilities

  • Generates the Open Purchase Order report to track and monitor purchase orders that have been issued but not yet fulfilled or invoiced.
  • Create and analyze cost variable spending reports, including waste disposal, temporary help, overtime, indirect packing materials, operating supplies, and repair and maintenance.
  • Performs NVO analysis for specific vendors such as Sodexo, covering costs for equipment rental, office supplies, operating supplies, and other fixed expenses.
  • Accounts payable activities, processing of freight and utilities invoices.
  • Conducts Month-End Close (MEC) activities, including accruals, reconciliations, and reclassifications.
  • Performs fixed assets tagging activities and reconciliations.

FAQs

Is this internship position available year-round?

Yes, the finance internship is available year-round.

Is relocation assistance provided for this internship?

No, relocation assistance is not offered for this internship.

What are the primary responsibilities of a Finance Intern at Colgate-Palmolive?

A Finance Intern is responsible for managing accounts payable, performing month-end tasks, running cost analyses, fixed assets tagging, and generating various financial reports.

What is the expected work schedule for this internship?

The normal work schedule is flexible during weekdays (Monday to Friday) to accommodate class schedules, with expected work hours ranging from 20 to 40 hours per week.

What skills are required for this Finance Intern position?

Required skills include attention to detail, analytical skills, basic financial acumen, time management, and proficiency in financial software and tools such as Excel and SAP.

Are there any benefits associated with this internship?

Interns may have access to some benefits, but a detailed benefits package is typically provided to salaried employees.

Is this position open to all applicants regardless of their background?

Yes, Colgate-Palmolive is an equal opportunity employer and welcomes applications from all qualified individuals without regard to race, gender, religion, or other characteristics protected by law.

Will I receive training as part of the internship program?

The job description does not specifically mention training, but interns will likely be guided and supervised as they perform their duties and responsibilities.

What tools or software will I be expected to use in this role?

Interns are expected to use financial software and tools such as Excel, SAP, and DOMO for generating reports, analyzing data, and managing financial transactions.

Can this internship lead to full-time employment opportunities?

While the job description does not explicitly state this, internships often serve as a pathway to potential full-time positions within the company based on performance and available openings.

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Colgate-Palmolive

We are Colgate, a caring, innovative growth company reimagining a healthier future for all people, pets and planet.

Manufacturing & Electronics
Industry
10,001+
Employees

Mission & Purpose

We are Colgate, a caring, innovative growth company that is reimagining a healthier future for all people, their pets and our planet. We are Colgate, a caring, innovative growth company that is reimagining a healthier future for all people, their pets, and our planet. We are a leading global consumer products company with 34,000 people dedicated to improving the health and wellness of people and their pets. Focused on Oral Care, Personal Care, Home Care and Pet Nutrition and reaching more than 200 countries and territories, Colgate teams are developing, producing, distributing and selling health and hygiene products and pet nutrition offerings essential to society through brands such as Colgate, Palmolive, elmex, Tom’s of Maine, hello, Sorriso, Speed Stick, Softsoap, Irish Spring, Protex, Sanex, Filorga, eltaMD, PCA Skin, Ajax, Axion, Fabuloso, Soupline and Suavitel, as well as Hill’s Science Diet and Hill’s Prescription Diet. We are also recognized for its leadership and innovation in promoting environmental sustainability and community wellbeing, including our achievements in saving water, reducing waste, promoting recyclability and improving the oral health of children through our Bright Smiles, Bright Futures program, which has reached more than one billion children since 1991.