12-Month Finance Internship

LG•Atlanta, GA

2d•Onsite

About The Position

LG Chem has an open 12-Month Finance Intern (Accounts Payable Associate) position that will be part of our corporate accounting team and will support the Business Services Team for North America. The Account Payables Associate is responsible for processing financial transactions, managing invoices and payments, and maintaining accurate financial records. This role focuses on managing the company's financial obligations, maintaining supplier relationships, and optimizing payment processes. This is an excellent opportunity to learn and gain real world experience in Accounts Payable, month end close/Analysis, projects or tasks related to Finance. This position is based in our Corporate office in the Buckhead area of Atlanta, GA, and our goal is to prepare future team members for LG Chem.

Requirements

Education: Bachelor’s degree required in Accounting, Finance, Economics or a business-related degree from an accredited college or university.
Interest in pursuing an Accounting or Finance career.
Strong analytical and problem-solving skills.
Self-start with desire to learn and work autonomously.
Participate in month-end/Quarter end/Year end close
Excellent communication skills: verbal, written and presentation
Attention to detail with strong analytical skills
Proficiency in the use of PC and Microsoft Office suite (Microsoft Excel, Power Point, Word etc.)

Responsibilities

Invoice Processing and Review
Verify accuracy by comparing invoices with purchase orders and payment terms.
Payment Management
Ensure timely and accurate processing of invoices and payroll.
Verify that payment requests have proper documentation and authorization.
Prioritize payments to maximize cash discounts and avoid interest and penalties.
Financial Record Maintenance
Manage account maintenance and transaction records using ERP system.
Prepare account reconciliations and financial reports.
Support financial audits.
Vendor Account Registration
Oversee the vendor registration process, ensuring all necessary documentation is collected and verified
Maintain an up-to-date vendor database and ensure compliance with company policies.
Cash Pooling Operations
Manage cash pooling operations to optimize liquidity management for participating companies
Ensure efficient use of surplus funds and minimize dependency on external borrowing
Reporting and Analysis
Prepare account analysis and reports to understand financial status.
Propose improvements to optimize payment processes and increase efficiency.
Headquarters Response Documentation and Reporting
Prepare and compile response documentation and reports as requested by headquarters
Ensure timely and accurate reporting to support decision-making processes.
Additional responsibilities may be assigned as needed