The Finance Intern will be part of our Finance team assisting with a variety of finance functions including treasury accounting, tax, financial forecasting. This internship provides an excellent opportunity to gain hands-on experience in corporate finance operations and learn about financial risk management, capital markets, and corporate finance.
Albany International Corp. is a global advanced textiles and materials processing company. The company has two core businesses:
• TheMachine Clothing segment is the worlds leading producer of custom-designed fabrics and belts essential to production in the paper, nonwovens, and other process industries. • Engineered Composites EC is a rapidly growing supplier of highly engineered composite parts for the aerospace industry.
Responsibilities:
• Support GL accounting, GL & balance sheet reconciliations, audit monthly, quarterly, annual close, financial reporting. • Support bank reconciliations, cash applications, accounts payable, receivable, and sales and use tax filings.
Banking Relations:
• Help maintain and manage banking relationships, including coordinating with banks for account setups, fund transfers, and bank fees analysis.
Financial Reporting:
• Assist with the preparation of weekly and monthly treasury reports, including cash positions, cash flow forecasts, and liquidity analysis.
Investment Support:
• Provide assistance in monitoring short-term investments, interest rates, and market conditions to help manage the companys cash and short-term funding strategies.
Debt Management:
• Help track and report on the companys debt obligations, including loan balances, interest payments, and covenants.
Treasury Systems & Processes:
• Assist with data entry into treasury management systems and contribute to improving treasury workflows and processes.
Risk Management:
• Assist with identifying financial risks, including foreign exchange (FX) risk, interest rate risk, and commodity price fluctuations, and support risk mitigation strategies.
Compliance & Documentation:
• Ensure that all treasury operations are in compliance with internal policies and external regulations. • Assist in maintaining accurate documentation of transactions and treasury activities. • Assist with annual and periodic audits, validation of vendor master data, checking payment method reviewing IBANs, routings, etc.
Special Projects:
• Participate in ad-hoc projects and assist team members as assigned.