12-Month Finance Internship

LG•Atlanta, GA

1d•Onsite

About The Position

LG Chem is seeking a Finance Intern (Accounts Payable Associate) to support the Business Services Team for North America. This internship offers a valuable opportunity to gain real-world experience in Accounts Payable, month-end close/analysis, and other finance-related projects. The intern will be responsible for processing financial transactions, managing invoices and payments, and maintaining accurate financial records. The goal of this program is to prepare future candidates for LG Chem. Qualified candidates must reside in the Atlanta, GA area during the internship.

Requirements

Bachelor’s degree required in Accounting, Finance, Economics, or business-related degree from an accredited college or university.
Interest in pursuing an Accounting or Finance career.
Strong analytical and problem-solving skills.
Self-starter with a 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.
Proficiency in the use of PC and Microsoft Office suite (Microsoft Excel, Power Point, Word, etc.).
Must live in the Atlanta, GA area during the Internship.

Responsibilities

Review and process invoices received from suppliers.
Verify accuracy by comparing invoices with purchase orders and payment terms.
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.
Manage account maintenance and transaction records using ERP system.
Prepare account reconciliations and financial reports.
Support financial audits.
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.
Manage cash pooling operations to optimize liquidity management for participating companies.
Ensure efficient use of surplus funds and minimize dependency on external borrowing.
Prepare account analysis and reports to understand financial status.
Propose improvements to optimize payment processes and increase efficiency.
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.