Intern Finance & Acct.

RedSail Technologies • Part-time • Cranberry Township, PA, US • 1d ago

Internship Program Framework: Finance, Accounting and

Business Insights

Program Overview
Title: Finance and Accounting Internship Program
Duration: ~10 weeks (adjustable based on specific needs)
Location: Combination of virtual and onsite
Supervision: CFO Leadership Team
Stipend/Compensation: Paid - $22.00 per hour
Program Objectives
To expose interns to real-world finance and accounting operations.
To allow interns to develop critical skills, such as general ledger management, financial reporting, analysis, budgeting and planning, and insights generation.
To create networking opportunities and foster professional relationships within the company.
Intern Responsibilities and Duties
Accounting Tasks:
Assist in preparing financial statements (balance sheet, income statement, cash flow statement).
Support accounts receivable/payable functions.
Process journal entries and assist with month-end and year-end closing.
Prepare financial reports for internal and external stakeholders.
Prepare significant account reconciliations and investigate variances.
Finance Tasks:
Conduct financial analysis and help with risk assessments.
Assist with budget preparation and forecasts.
Assist with cash flow management and forecasting.
Support development and reporting of KPI’s and SaaS metrics.
Business Insights Tasks:
Analyze financial data and assist with trend identification for business insights.
Assist in market research, competitive analysis, and customer analytics.
Prepare dashboards or visualizations of business insights (Excel, Power BI).
Program Structure
Week 1: Orientation and Introduction
Overview of the company, its culture, and organizational structure.
Introduction to the finance, accounting and business insights team, roles, and processes.
Training on necessary software/tools, data management systems, and accounting policies.
Weeks 2-7: Hands-on Learning and Daily Tasks
Job Shadowing: Interns observe team members in finance, accounting, and business insights

departments.

Assign specific tasks (accounting reconciliations, financial statement analysis, etc.).
Provide ongoing support and mentorship from senior accountants or financial analysts.
Mid-program feedback session with supervisor to review progress.
Weeks 8-9: Specialized Projects and Deeper Involvement
Interns take ownership of more complex tasks (e.g., assisting with an audit, preparing reports for management).
Mentorship on professional development and career paths in finance/accounting.
Interns can participate in client meetings, if relevant.
Week 10: Final Review and Presentation
Interns summarize their learning and present a final project (could be a financial analysis, report, or project relevant to their tasks).
Exit Interview: Discuss internship experience and provide insights into the future career path within finance or business analysis.
Skills Development
Technical Skills:
Accounting systems proficiency (e.g., Microsoft Dynamics).
Data analysis and financial modeling (Excel, PowerPoint, Power BI).
Financial reporting and compliance with standards (GAAP, IFRS).
Soft Skills:
Problem-solving and critical thinking.
Communication and presentation skills (clear reporting to management or clients).
Time management and prioritization.
Arrange for interns to sit in on meetings with other departments (e.g., marketing, operations, strategy).
Learn how finance, business insights, and accounting interact with other areas of the company.
Exposure to Industry Knowledge:
Understanding of industry-specific regulations, trends, and business models.
Knowledge of accounting principles, risk management, and internal controls.
Mentorship and Supervision
Assigned Mentor/Supervisor: Ensure each intern has a dedicated mentor who is available for regular check-ins and support.
Regular Meetings: Weekly one-on-one meetings with mentors to discuss progress, challenges, and provide feedback.
Networking: Facilitate interactions with senior leaders in finance, accounting and business insights to build networking opportunities.
Evaluation & Feedback
Mid-term Evaluation: Assess intern performance after 5-6 weeks through feedback from mentors, supervisors, and peers.
End-of-Program Evaluation: A formal evaluation to review the intern’s overall performance, skills development, and achievements.
Final Presentation: Interns present a summary of their work, including key takeaways and what they learned during the program.
Feedback to Interns: Provide constructive feedback on areas of strength and areas for improvement.

Intern Evaluation Criteria

Quality and accuracy of work.
Ability to handle responsibilities and meet deadlines.
Communication and teamwork skills.
Initiative and problem-solving abilities.

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