Finance Summer Internship Positions

Cummins Inc.

9d ago

Internship
Full-time
Summer Internship
Columbus, +2

AI generated summary

You must be an enrolled student with a min 2.5 GPA, committed to 10-12 weeks full-time, eager to learn, and able to support financial analysis, insurance, or finance systems.
You will provide financial analysis, support budgeting and forecasting, manage cost data, assist with insurance operations, and collaborate on finance systems improvements.

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

Financial Analyst - 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.
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.

FAQs

What type of degree programs are considered for this internship?

Bachelor’s and Master’s degree programs are considered, particularly in Finance, Accounting, Economics, Management Information Systems, or Risk Insurance.

Is there a minimum GPA requirement for applicants?

Yes, a minimum GPA of 2.5 is required for applicants.

How long is the internship commitment?

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

What is the expected work schedule for interns?

Interns are expected to complete 40 hours per week.

What types of positions are available within the finance internship?

The internship includes positions such as Financial Analyst, Risk Insurance Analyst, and Finance Systems Support Analyst.

What is the salary range for the internship based on degree level?

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

Are internships at Cummins paid?

Yes, internships at Cummins are paid, with salaries varying based on the level of education.

Is there any relocation package offered for interns?

No, there is no relocation package offered for this internship.

What is the company’s policy on diversity and equal opportunity?

Cummins is an equal opportunity and affirmative action employer dedicated to diversity in the workplace, providing equal employment opportunities without regard to race, gender, color, disability, and other protected statuses.

What is the application process for this internship?

Interested candidates can apply through the Cummins careers website or join the Talent Community to connect with the recruiting team.

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.