Financial Rotational Analyst

Snap-on - Kenosha, WI

Full-time - Entry Level

Kenosha, WI

1,001-5,000 employees

Fabricated Metal Product Manufacturing

About the position

The Finance Analyst Rotational Development Program at Snap-on Incorporated is designed to provide participants with a comprehensive and immersive experience in various finance functions within the company. Founded in 1920, Snap-on is a leading global innovator in tools and equipment, and this program aims to cultivate the next generation of finance professionals by offering a broad domestic and international finance experience. Participants will rotate among key departments, including Internal Audit, Treasury, Corporate Accounting, and the Snap-on Tools Finance team, every 6-8 months based on business needs. This structure allows for a diverse set of experiences and a deep understanding of the corporate and business unit functions within the organization. Throughout the program, participants will engage in critical tasks that enhance their skills in areas such as critical thinking, communication, collaboration, problem-solving, project management, financial analysis, and accounting. Each rotational experience is tailored to provide hands-on learning opportunities, enabling participants to contribute to significant projects and initiatives that directly impact the business. In the Corporate Internal Audit rotation, participants will be involved in internal control, operational, financial, and compliance reviews, working closely with management to plan audits and draft reports. The Corporate Treasury rotation will focus on daily treasury operations, including cash management, short-term borrowing, and investment decisions, while the Corporate Accounting rotation will provide support in ensuring the integrity of financial records and managing various accounting processes. Finally, the Snap-on Tools Finance Department rotation will involve accounting, reporting, and analysis support, ensuring compliance with GAAP and Snap-on policies while conducting meaningful financial analysis to guide business decisions. The program not only emphasizes skill development but also offers networking opportunities with professionals and leaders across Snap-on's Finance departments. Participants will have the chance to foster mentorship relationships and build connections that can be beneficial for their future careers. Upon completion of the program, participants may apply for open roles within Snap-on, although final placements will depend on position availability and individual interests and skills.

Responsibilities

• Participate in internal control, operational, financial, and compliance reviews throughout the company.
• Work closely with management and staff to plan audits, execute fieldwork, and draft audit reports in the Corporate Internal Audit rotation.
• Perform daily treasury operations, including management of cash balances, cash positioning, and making short-term borrowing and investment decisions in the Corporate Treasury rotation.
• Initiate electronic payments, reconcile daily bank transactions, and manage foreign exchange settlements in the Corporate Treasury rotation.
• Assist with bank account administration, including opening/closing accounts and maintaining treasury filing systems in the Corporate Treasury rotation.
• Provide accounting support to corporate management, ensuring the integrity of corporate financial balances and timely closing of financial records in the Corporate Accounting rotation.
• Assist with various corporate processes, including management of property, plant, and equipment systems in the Corporate Accounting rotation.
• Complete timely and accurate monthly closing tasks in compliance with GAAP and Snap-on policies in the Snap-on Tools Finance Department rotation.
• Conduct meaningful financial analysis to better understand trends and guide business decisions in the Snap-on Tools Finance Department rotation.

Requirements

• Bachelor's degree in Business Administration, Finance, Accounting, or related field.
• Previous internship or applicable work experience in finance or accounting.
• Knowledge of basic Finance and Accounting concepts.
• Familiarity with U.S. and international accounting regulations preferred.
• Proficient in Microsoft Office Suites: Excel, Word, PowerPoint, Access.
• Excellent planning and organizational skills, attentive to details.
• Ability to multi-task and meet deadlines.
• Strong attention to detail.

Benefits

• Development in key skill areas such as critical thinking, communication, collaboration, problem solving, project management, financial analysis, and accounting.
• Networking opportunities with professionals and leaders throughout Snap-on's Finance departments.