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Finance Internship

Lbank

Middletown, CT 06457, USA5 months ago
52 views20 saves1 applies

Job Type

full timeinternship

Description

At Liberty, we strive to maximize our impact and exceed goals by investing in our teammates to deepen our relationships in the workplace and communities we serve. We take pride in promoting a socially responsible and sustainable future through initiatives and investment.

OVERVIEW:

Summer interns will complete a 10-week internship located full-time on site in Middletown, CT. Liberty Bank is proud to host a dynamic and diverse internship program designed to cultivate the next generation of banking and finance professionals. Through this immersive internship, participants will have the opportunity to work closely with seasoned professionals, contribute to real world projects and develop essential skills that will prepare them for successful careers in the financial services industry and beyond!

SUMMARY OF THE JOB:

As a Financial Planning & Analysis (FP&A) Intern, you will actively contribute to the bank's financial reporting and forecasting cycles. You will assist the finance team by preparing and analyzing key financial reports, performing variance analysis on expenses and income streams, building ad-hoc reports for senior leadership, and providing dedicated support to specific business lines and strategic initiatives.

ESSENTIAL FUNCTIONS:)

  • Financial Reporting and Analysis: Assist in preparing and analyzing monthly, quarterly, and annual financial reports for various business units, including performing variance analysis to explain differences between actual results and the budget/forecast.
  • Forecasting Support: Support the team in the annual Strategy Refresh preparation and monthly or quarterly financial forecasting processes by gathering and consolidating data from various departments.
  • Financial Modeling: Build and maintain Excel-based financial models to support scenario planning, business performance evaluation, and specific ad-hoc financial analyses.
  • Presentation Preparation: Compile data and insights into clear and impactful presentations and reporting materials for business leaders and senior management.
  • Process Improvement and Ad-Hoc Projects: Actively participate in special projects, such as identifying and implementing process improvements for financial reporting efficiency or conducting ad-hoc research to identify cost trends and opportunities for enhanced profitability.
  • Other duties as assigned.

MINIMUM REQUIREMENTS:

  • Currently pursuing a Bachelor’s or Master’s degree. Preferred candidates to be majoring in Finance, Accounting or Business Administration.
  • Strong written and verbal communication skills
  • Demonstrated computer skills including Microsoft Office
  • Proven analytical skills
  • Proven critical thinking skills
  • Strong organizational skills
  • Microsoft Excel Skills

PHYSICAL REQUIREMENTS:

  • General Office Equipment
  • Keyboard Dexterity
  • Lifting/carrying up to 25 lbs.
  • Ability to travel.

COMPLIANCE:

Acts affirmatively in all activities under his/her control in conformance with the Bank’s Affirmative Action, Equal Employment Opportunity, and Fair Lending Programs to achieve the Bank’s goals and objectives. The bank shall provide equal employment opportunity to all qualified persons, and continue to recruit, hire, train and evaluate persons in all jobs without regard to race, color, religion, sex, national origin or veteran status.

Liberty Bank is an Equal Opportunity employer. It is the policy of Liberty Bank to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.

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Skills

forecastingexcelprocess improvementfinancial reportingfinancial modelingfinancial planningvariance analysis

About Lbank

Lbank is a company operating in the United States, with job postings indicating roles such as Universal Banker in Middletown, Connecticut. Specific industry and detailed company information are not available from the provided context.