What are the responsibilities and job description for the Financial Accounting Intern (Eagle Realty) position at Western & Southern Financial Group?
Overview
Summary of Responsibilities:
The internship will be a hands-on experience. The intern will be assigned properties to post journal entries, analyze the financial statements, and publish the monthly financial statements. The intern will also be working on accounting related projects as needed. These assignments will include assisting with calculating performance returns for the investment real estate portfolio and working on a variety of tasks in the mortgage loan accounting system. These assignments will provide the opportunity to broaden the knowledge of accounting relative to both real estate investments and mortgage loans.
Responsibilities
Position Responsibilities:
Thoroughly analyze asset, liability and equity accounts each month for an assigned portfolio of properties. Produce accurate monthly balance sheets for each property in a timely manner. Prepare supporting schedules as appropriate.
Review revenue and expense accounts each month for assigned properties. Investigate material variances between actual performance and budget. Examine underlying vendor invoices and other supporting documentation as appropriate. Produce accurate monthly income / operating statements for each property in a timely manner. Prepare supporting schedules as appropriate.
Provide accurate and timely responses to accounting and financial questions.
Participate in meetings with other accounting professionals of the Enterprise to understand how various real estate investments are accounted for.
Demonstrate Excel and financial analysis skills on assigned projects.
Assist with calculating performance returns for the investment real estate portfolio.
Record transactions in the mortgage loan accounting system.
Qualifications
Selection Criteria:
Cumulative GPA of at least 3.2 out of a 4.0; 3.5 preferred.
Working knowledge of accounting and generally accepted accounting principles.
Able to learn quickly accounting software applications.
Demonstrated successful experience in problem-solving situations.
Possesses and displays excellent verbal and written communication skills.
Demonstrated ability to coordinate multiple tasks simultaneously and complete assigned tasks accurately and on a timely basis.
Able to cite examples of self-motivation and experience working under limited supervision.
Proven strong analytical skills, including demonstrated experience identifying and quantifying problems and providing effective resolutions.
Work Setting:
This position works in an office setting and remains in a continuous stationary position for long periods of time while working at a desk, on a computer or with other standard office equipment, or while in meetings. Position requires substantial movement of wrists, hands, and fingers for continuous computer work.
Educational Requirements:
Third or fourth-year accounting student.
Computer Skills and Knowledge of Hardware & Software Required:
Proficient with Microsoft Word and Excel software, including advanced functions.
Certifications & Licenses (i.e., Series 6 & 63, CPA, etc.):
None required.
Position Demands:
Extended hours during peak workloads or special projects.