Finance Summer Internship Positions

Cummins Inc.

Jan 22

Internship
Full-time
Summer Internship
Accounting & Tax
Banking & Finance
Columbus, +2

AI generated summary

You must be a full-time student with a minimum 2.5 GPA, able to commit 10-12 weeks at 40 hours/week, and eager to learn on the job.
You will provide financial analysis support, assist in budgeting and forecasting, manage month-end processes, analyze costs, and support risk insurance operations and finance systems initiatives.

Requirements

Financial Analyst
Provide financial and business analysis support.
Prepare statistical reporting, including financial performance, variance, and cost analysis.
Prepare and compile annual budgeting and periodic forecasting data.
Compile and prepare financial results and explanations to management.
Prepares standard cost data and monthly cost updates, analyzes cost variances determining root causes and makes recommendations for improvement.
Involved in the month-end close process, including the preparation of journal entries and account reconciliations.
Risk Insurance Analyst
Assists in the day-to-day management and operations of the Corporate Risk Insurance department.
Supports the Risk Insurance team in the coordination and placement of the Company’s global Commercial insurance programs (property, umbrella, liability, cargo, etc.) by preparing various insurance reports and analyses.
Reviews risk management and insurance data and policies to assist in decision making.
Analyze insurance, loss engineering reports and related items in order to mitigate the Company’s exposures to potential loss.
Finance Systems Support Analyst
Supports the implementation, administration, and ongoing maintenance of finance systems.
Develops an understanding of financial, accounting and treasury concepts and how to apply them to finance systems.
Supports the development, testing, and delivery of systems improvement initiatives.
Partners with finance systems team members, information technology teams and project management specialists to develop, test and deliver finance system applications.
Works with end users in developing customized reports and ad hoc analysis.
Must be a full-time enrolled student pursuing an undergraduate or graduate degree
Minimum 2.5 GPA
Must be able to complete a minimum of 10 weeks or a maximum of 12 weeks commitment
Must be able to complete 40 hours per week
Willingness to learn from others on the job

Responsibilities

Provide financial and business analysis support for an entity, business segment, or corporate function.
Financial Liaison for Non-Finance Leaders, providing reporting and analysis support.
Lead, as well as participate, in process improvement efforts.
Prepare statistical reporting, including financial performance, variance, and cost analysis.
Prepare and compile annual budgeting and periodic forecasting data.
Compile and prepare financial results and explanations to management.
Prepares standard cost data and monthly cost updates, analyzes cost variances determining root causes and makes recommendations for improvement.
Involved in the month-end close process, including the preparation of journal entries and account reconciliations.
Assists in the day-to-day management and operations of the Corporate Risk Insurance department.
Supports the Risk Insurance team in the coordination and placement of the Company’s global Commercial insurance programs (property, umbrella, liability, cargo, etc.) by preparing various insurance reports and analyses.
Reviews risk management and insurance data and policies to assist in decision making.
Analyze insurance, loss engineering reports and related items in order to mitigate the Company’s exposures to potential loss.
Supports the implementation, administration, and ongoing maintenance of finance systems.
Develops an understanding of financial, accounting and treasury concepts and how to apply them to finance systems.
Supports the development, testing, and delivery of systems improvement initiatives.
Partners with finance systems team members, information technology teams and project management specialists to develop, test and deliver finance system applications.
Works with end users in developing customized reports and ad hoc analysis.

FAQs

What types of positions are available in the Finance Summer Internship program?

The available positions include Financial Analyst, Risk Insurance Analyst, and Finance Systems Support Analyst.

What degree programs are considered for this internship?

The internship considers Bachelor’s and Master’s degree programs, typically in Finance, Accounting, Economics, Management Information Systems, or Risk Insurance.

What is the salary range for interns based on their educational level?

The monthly salary range is $3,400 - $4,200 for Bachelor’s, $5,300 for Master’s, and $6,800 - $9,100 for MBA candidates.

What are the GPA requirements for the internship?

A minimum GPA of 2.5 is required to apply for the internship.

How long does the internship last?

The internship requires a minimum commitment of 10 weeks and a maximum of 12 weeks.

What is the expected work schedule for interns?

Interns are expected to complete 40 hours per week during the internship.

Is prior experience required for this internship?

No prior experience is required, but a willingness to learn from others on the job is expected.

Are there any relocation packages offered for this internship?

No, there are no relocation packages offered for the internship.

Does Cummins provide equal employment opportunities?

Yes, Cummins is an equal opportunity and affirmative action employer dedicated to diversity in the workplace.

How can I apply for this internship?

You can apply for the internship through the Cummins careers website at careers.cummins.com.

Cummins Inc.

Automotive

Industry

10,001+

Employees

1919

Founded Year

Mission & Purpose

At Cummins, we empower everyone to grow their careers through meaningful work, building inclusive and equitable teams, coaching, development and opportunities to make a difference. Across our entire organization, you'll find engineers, developers, and technicians who are innovating, designing, testing, and building. You'll also find accountants, marketers, as well as manufacturing, quality and supply chain specialists who are working with technology that's just as innovative and advanced. From your first day at Cummins, we’re focused on understanding your talents, current skills and future goals – and creating a plan to get you there. Your journey begins with planning your development and connecting to diverse experiences designed to spur innovation. From our internships to our senior leadership roles, we attract, hire and reward the best and brightest from around the world and look to them for new ideas and fresh perspectives.