Finance Intern I/II

Advanced Acoustic Concepts, LLC•Town of Islip, NY

1d•$20 - $24•Onsite

About The Position

Advanced Acoustic Concepts, LLC, a wholly owned subsidiary Thales Defense & Security Inc., is a technical leader in the fields of sonar systems, sonar signal processing, acoustic training systems, and open architecture system and software integration. The venture focuses on emerging areas in the undersea warfare domain where the customer has identified mission-critical needs. For additional information about Advanced Acoustic Concepts, please visit our website at: https://www.aaccorp.com. Position Summary Summer Finance Interns will work closely with and assist finance in conducting various assignments..

Requirements

High School Diploma
Working towards a Bachelor’s degree in business, finance, accounting or related field
Developing knowledge of the FAR, DFAR, CAS & SOX
Ability to understand financial analysis principles and have financial analysis skills
Strong computer skills (MS Office Suite, MS Project)

Responsibilities

Understand the Annual Operating Plan (AOP) and the Strategic Guide Plan process and help prepare program bookings, revenue, operating profit, investment and cash flow data
Understand how job costs are collected and billed on all contract types
Ability to work on cross-functional teams
Establish, develop and maintain effective business relationships with internal and external customers
Support negotiations with the government, industry prime contractors and foreign customers
Conduct analytical studies, monitor trends and interpret the results
Support government compliance and audit activities
Develop an understanding of the Standards of Conduct to include: conflicts of interests; improper practices; liability and fraud
Develop an understanding of contract design and structure to include: FFP; CPIF; CPFF; CPAF; BOA; IDIQ; Foreign Military Sale (FMS); and International Direct Commercial Sale (DCS), and, competitive and sole source procurements
Ability to grasp generally accepted accounting principles and develop a working knowledge of the cost accounting standards (CAS) and IFRS
Supports proposal preparations including: bid/no-bid requirements; cost estimating; pricing; RFP review; risk mitigation; and negotiation
Develop an understanding of the source selection evaluation process to include cost and price analysis, discussions, debriefings and protest
Program and finance: Basis of Estimate (BOE) preparation; budget preparation, reporting and management; cost & variance analysis; Earned Value Management Systems (EVMS); Estimate at Completion (EAC); cash management/working capital; forecasting; contractual reporting (CDRL, EVM, cost and pricing, C/SSR); risk management; return on investment (ROI); audit preparation and management; and program review preparation
Support, communicate, reinforce and defend the mission, values and culture of the organization
Maximize IT utilization through electronic commerce and ERP/Oracle implementation
Emerging business operations knowledge to include: management principles; business development; HR; operations; finance; accounting; economics; and information technology
Ability to interact effectively at all levels and across diverse cultures