Finance Intern Job at Albany International Corp., Portsmouth, NH

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  • Albany International Corp.
  • Portsmouth, NH

Job Description

The Treasury Intern will be part of our Finance team, assisting with a variety of treasury functions, including cash management, liquidity analysis, banking relationships, and financial forecasting. This internship provides an excellent opportunity to gain hands-on experience in corporate treasury 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, The Machine Clothing segment is the world's leading producer of custom-designed fabrics and belts essential to production in the paper, nonwovens, and other process industries and Engineered Composites (EC) is a rapidly growing supplier of highly engineered composite parts for the aerospace industry.

Responsibilities
  • Cash Management: Assist in daily cash management activities, including monitoring cash balances, reconciling bank accounts, and ensuring sufficient liquidity for business operations.
  • Banking Relations: Help maintain and manage banking relationships, including coordinating with banks for account setups, fund transfers, and bank fees analysis.
  • Cash Forecasting: Support the preparation of short-term and long-term cash forecasts to ensure liquidity for day-to-day operations and strategic initiatives.
  • 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 company's cash and short-term funding strategies.
  • Debt Management: Help track and report on the company's 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 senior treasury team members as assigned.
Qualifications:

Education and Experience:
  • Current pursuing a degree in Finance, Accounting, or a related field.
  • Minimum GPA 3.0
Abilities:
  • Strong interest in corporate finance, treasury management, and financial markets.
  • Proficient in Microsoft Office, especially Excel (advanced skills in Excel are a plus).
  • Analytical mindset with the ability to interpret financial data and assist in forecasting and budgeting.
  • Excellent attention to detail, organizational skills, and the ability to manage multiple tasks in a fast-paced environment.
  • Strong communication skills (both written and verbal) to effectively collaborate with internal teams and external partners.
  • A proactive, self-starter who is eager to learn and contribute to the treasury function.
  • Ability to work both independently and as part of a team.
  • Experience with SAP or similar ERP system a plus.

Job Tags

Temporary work, Internship,

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