Intern - General Accounting

Position Overview

This is a full-time, 40-hour per week position, ideal for a recent graduate or someone graduating this summer, with the potential for conversion to a permanent role. The Intern within the General Accounting department is primarily responsible for the recording, reporting, and reconciliation of cash transactions across our US and Canadian operations. This role involves critical daily and monthly tasks, including reviewing daily cash files from Treasury to categorize activities within a cash tracker, recording wires, check deposits, and bank sweeps, and performing bank reconciliations. The intern will also actively liaise with both internal and external stakeholders to timely resolve any reconciling items. Furthermore, this position supports the accounting for cash pooling activity with LVMH and assists with the education note program. This position requires a highly organized individual who can manage multiple tasks simultaneously, possesses exceptional analytical, problem-solving, and strong attention-to-detail skills to identify and resolve financial data discrepancies, alongside excellent verbal and written communication skills for effective collaboration across the organization.

Location: This is an in-person position, requiring attendance four days a week at our office in Whippany, NJ.

Key Accountabilities

Complete daily responsibilities for cash activities, including:

• Organize daily bank files received from Treasury into cash tracking files.
• Record cash movement for wires, ensuring timely application.
• Collect and deposit checks received from business partners. 
• Partner with other departments within the Controller’s group, such as accounts payable and accounts receivable to ensure their respective bank activities are recorded. 

Complete monthly responsibilities for cash activities, including:

• Perform bank reconciliation for all US and Canadian bank accounts, which include multiple concentration accounts, accounts payable disbursement accounts, retail store deposit accounts.
• Collaborate with other departments to investigate and resolve reconciling items identified from the bank reconciliations, ensuring minimal aged items. 
• Analyze over/short activity, partnering with sales audit to potentially identify fraud.
• Record and reconcile cash pooling activities between the US and Canadian entities and LVMH.
• Account for the education note program, partnering with collections on delinquent loan repayments.

Participate in identifying and executing the company’s business process improvement efforts.

• Explore and propose solutions for using automation to reduce manual efforts in manual reconciliation efforts. 

Assist management with special assignments, as requested.

• Support IT initiatives impacting retail cash collection, by executing testing procedures to ensure that new systems or system enhancements adequately address cash requirements.

Required Qualifications

• Obtained or pursuing a Bachelor's degree in Accounting, or a related field (e.g., Finance, Business Administration with an Accounting concentration).
• Proficient in Excel skills (pivot tables, VLOOKUPs, advanced formulas).
• Demonstrated problem-solving and critical thinking abilities with exceptional attention to detail.
• Excellent written and verbal communication skills.
• Proven ability to work collaboratively in a team environment and interact effectively with cross-functional and international teams.
• Highly organized, self-motivated, and able to manage multiple priorities and deadlines in a fast-paced, dynamic environment.
• Ability to maintain a flexible work schedule during monthly and year-end closing, priority projects and special assignments.

Preferred Qualifications

• A CPA or CPA candidate.
• Public Accounting Experience.
• Experience in JD Edwards E1, Blackline and Power BI.

The compensation for this position is $25/hr. The rate of pay offered will be dependent upon candidates' relevant skills and experience.