What are the responsibilities and job description for the Finance Trainee position at LANXESS?
Who we are:
LANXESS is a leading specialty chemicals company with sales of EUR 7.6 billion in 2021 and about 14,900 employees in 33 countries. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good. In the United States, LANXESS employs more than 2,000 people at 25 locations in 11 states.
We are looking to find diverse and talented people to join our team. Studies have shown that some individuals are less likely to apply if they do not meet 100% of the criteria. We are looking to equalize the gap! If you are excited about this role but your past experiences do not align perfectly with every qualification, we encourage you to apply. We will look to assess your talent against our competencies, values and requirements to get the best organizational fit. You might be the right candidate for this or other roles we have available!
Join our Team!
What we can offer you:
LANXESS is a young company with strong roots! We derive our strength from global presence, management excellence and most importantly our people! Our employees are the pillars of our success.
We offer exciting career opportunities regionally as well as internationally, educational assistance programs, competitive pay and benefits, language training programs, and many other personal and professional development programs that are a part of our vision and values that drive our ongoing success.
Job Highlights
- The trainee program is expected to be a 2-year rotational assignment, where the incumbent will spend approximately 3-9 months in each department. During the program, the trainee will perform job duties in Order to Cash (OtC) which relates to Accounts Receivable, Record to Report (RtR) which relates to Accounting and Reporting, Purchase to Pay (PtP) which relates to Accounts Payable, Treasury (TIR), Tax (TTC) and Controlling (CON).
- RtR - Prepare and record monthly journal entries in the general ledger. Support with the monthly closing process. Perform balance sheet account reconciliation and analysis. Review and process asset disposals and transfers as well as project completion notices in SAP. Financial statement preparation and reporting.
- PtP - Actively involved P2P supply chain process, spanning across purchase requisition, purchase order generation, goods receipt, and invoice processing through payment, including issue resolution ownership, as well as automation.
- CON - Participate in budgeting and forecasting relating to group functions. Support Controlling team with cost center and/or income statement analysis and reporting. Assist with preparing reporting for senior management. Provide support on finance related projects.
- TiR - Develop understanding of banking related structure, assist with back-office treasury tasks and support Cash Manager with weekly cash flow forecasting. Provide support on finance related projects.
- TTC - Tax - Participate in preparation and filing of indirect tax returns (property, sales and use tax), provide data collection and analytical support for federal income tax and reconcile activity in SAP with OneSource system.
- OtC - Provide support with primary cash application responsibilities; accounts receivable related reporting (aging, disputes, over dues, bad debt). Review dispute report daily to determine customer invoices requiring attention for dispute resolution and work with the business units to quickly resolve.
Requirements
- Bachelor's Degree in Accounting, Finance or Business with a minimum of 1 year of related experience.
- MBA or related graduate degree is a plus, but not required, but if possessed can count towards the minimum experience requirement.
- 1-3 years of relevant experience.
- Willingness to learn, coupled with a strong work ethic. Strong analytical and conceptual thinking skills.
- Strong written and verbal communication skills with the ability to effectively communicate complex concepts across all organizational levels.
- Ability to work both independently and in small groups with a high level of accuracy while meeting assigned deadlines. Understanding of generally accepted accounting principles (e.g., GAAP or International Financial Reporting Standards).
- Ability to understand and interpret Profit and Loss Statements, accounting theory, regulations and their applications.
- Exceptional time management capabilities, with the ability to apply the appropriate level of priority to responsibilities and follow-up tasks.
- Strong proficiency in Excel and Microsoft Office applications.
- Working knowledge of SAP is desired,
What we offer you:
- Compensation: We offer competitive compensation packages, inclusive of a global bonus program and an individual performance bonus program.
- Comprehensive Benefits: We provide a variety of benefits to support your financial security, health and wellbeing including retirement plans, health programs, life insurance and medical care.
- Work-Life & Flexibility: We support you in maintaining a balance between working hours and personal life. With our global “Xwork” program, we offer flexible working arrangements in all countries in which we operate.
- Training & Development: We are committed to your professional and personal development and encourage you in the ongoing pursuit of education, training and knowledge through both formal and informal learning .
Diversity: LANXESS is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, ethnicity, gender, gender identity, sex, sexual orientation, age, social class, physical ability or attributes, religion, national origin, veteran status and political beliefs.
LANXESS has a value-based performance culture. We are seeking a range of human interests, backgrounds, and experiences that can be engaged to achieve respect, ownership, trust, professionalism, integrity and healing across all sectors.
Join the LANXESS team!
Must include a resume.
Salary : $68,000 - $86,100