Accounting Intern

Sprague Energy - Portsmouth, NH

- Intern

Portsmouth, NH

Merchant Wholesalers, Nondurable Goods

About the position

The internship at Sprague is designed for Summer 2025 and will take place out of the Portsmouth, NH office. The company is dedicated to delivering diverse products and programs that warm, power, and move the world, ensuring homes are warm during Northeastern winters and hospitals are cool in the summer. The internship will involve various responsibilities related to billing, accounts payable, oil product accounting, natural gas accounting, tax, and financial reporting. Interns will be part of a collaborative team that values innovation, safety, integrity, and people, contributing to the company's mission of meeting changing energy needs.

Responsibilities

• Review daily files and tickets to load usage data into the billing system.
• Process and distribute customer invoices, ensuring timely and accurate delivery.
• Manage daily wire and ACH payments to suppliers, along with approvals.
• Control of invoices through Medius and confirm vendor banking details.
• Monthly journal entries to ensure inventory is accurately represented in the financial record.
• Pay all inventory-related invoices and work with vendors, Risk, Traders, and Schedulers to resolve discrepancies.
• Record retail costs, inventory, and sales accruals for customers not billed at the end of the month.
• Run daily balancing files to ensure volumetric accuracy for natural gas pools and their corresponding costs/sales.
• File accurate and timely tax returns, facilitating audits and resolving discrepancies.
• Maintain and update accurate tax rates in all reporting systems.
• Prepare and review monthly financials, including balance sheet, income statement, and cash flow.
• Prepare financial footnote disclosure and supporting schedules.

Requirements

• Currently pursuing a degree in Business, Finance, Accounting or related field.
• Strong attention to detail and organizational skills.
• Proficient in Microsoft Excel.
• Ability to work independently and as part of a team.
• Excellent communication and interpersonal skills.