ACCOUNTS RECEIVABLE INTERN

Loram Maintenance Of Way - Medina, MN

Full-time - Intern

Medina, MN

Support Activities for Transportation

About the position

The Accounts Receivables Intern position is designed to provide support to the Accounts Receivable department in managing the invoicing process for contract services and handling all related activities. This role is crucial for ensuring that the invoicing process runs smoothly and efficiently, as it involves regular interaction with various departments including Operations, Marketing, and Accounting, as well as direct communication with customers. The intern will gain valuable experience in the financial operations of the company, particularly in the area of accounts receivable management. In this role, the intern will assist in the preparation and reporting of customer contract services invoices, which involves processing invoices based on customer contracts and machine statistical data. The intern will also be responsible for maintaining accurate Accounts Receivable reports and files, ensuring that all information is up-to-date and readily accessible. Additionally, the intern will prepare specific contract analyses as required by the Operations and Marketing departments, which will help in understanding the financial implications of various contracts. The position also includes preparing journal entries for billings and accruals, which is essential for accurate financial reporting. The intern will analyze and reconcile assigned general ledger accounts, ensuring that all financial records are accurate and in compliance with company policies. Furthermore, the intern will have the opportunity to complete special projects and other duties as assigned, providing a well-rounded experience in the accounting field.

Responsibilities

• Assist Accounts Receivable in the preparation and reporting of customer contract services invoices.
• Prepare and process contract services invoices based on customer contracts and machine statistical information.
• Work with Operations and Marketing departments to obtain timely machine contract information and maintain Accounts Receivable reports and files.
• Prepare specific contract analysis as required by Operations and/or Marketing departments.
• Prepare journal entries for billings and accruals.
• Analyze and reconcile assigned general ledger accounts.
• Complete and assist with special projects and other duties as assigned.

Requirements

• Currently pursuing a degree in Accounting, Finance, or a related field.
• Strong organizational skills and attention to detail.
• Ability to work collaboratively with various departments.
• Basic understanding of accounting principles and practices.
• Proficient in Microsoft Office Suite, particularly Excel.

Nice-to-haves

• Previous internship experience in accounting or finance is a plus.
• Familiarity with accounting software or ERP systems.

Benefits

• Gain hands-on experience in the accounting field.
• Opportunity to work with multiple departments and learn about their functions.
• Mentorship from experienced accounting professionals.