Credit Intern

Sprague • Portsmouth, NH

7d • Onsite

About The Position

Sprague is looking for a Summer Intern to join the Treasury and Credit team. Treasury and Credit play a crucial role in Sprague's financial management and liquidity strategies, ensuring optimal cash flow, risk management, and credit assessment. The department is responsible for managing cash, investments, and debt while monitoring and analyzing the company's liquidity needs. It also oversees credit policies, customer creditworthiness, and the collections of Accounts Receivables. The department includes key functions such as Cash Management, Debt Financing, Credit Risk Analysis, Treasury Operations, and Risk Management. Together, these functions support the company's financial stability, capital structure, and risk control.

Requirements

• Currently pursuing a degree in Business, Finance, Accounting or related field.
• Strong attention to detail and organizational skills.
• Proficient in Microsoft Excel.
• Ability to work independently and as part of a team.

Responsibilities

• Cash Management Support: Assist in daily cash flow monitoring, forecasting, and ensuring sufficient liquidity for operational needs.
• Bank Account Reconciliation: Help reconcile the company’s bank accounts by comparing statements with internal records and reporting discrepancies.
• Credit Risk Analysis: Assist in evaluating customer creditworthiness by analyzing, credit reports, and payment history. Contact customers to obtain financial data.
• Treasury Process improvement: Assist with ongoing process improvement efforts.
• Accounts Receivable Monitoring: Help in monitoring accounts receivable, identifying overdue accounts, and assisting in the collection process.
• Financial Data Entry: Input and update financial data related to cash transactions, credit limits, and customer payment terms.
• Preparation of Reports: Contribute to the preparation of daily, weekly, and monthly treasury and credit reports for management.
• Treasury Operations Support: Provide support in treasury operations such as wire transfers, intercompany loans, and bank communication.

What This Job Offers

• Career Level: Intern
• Education Level: No Education Listed
• Number of Employees: 251-500 employees