Job Description
The
Treasury Intern will be part of our Finance team, assisting with a variety of treasury functions, including cash management, liquidity analysis, banking relationships, and financial forecasting. This internship provides an excellent opportunity to gain hands-on experience in corporate treasury operations and learn about financial risk management, capital markets, and corporate finance.
Albany International Corp . is a global advanced textiles and materials processing company. The company has two core businesses,
The Machine Clothing segment is the world's leading producer of custom-designed fabrics and belts essential to production in the paper, nonwovens, and other process industries and
Engineered Composites (EC) is a rapidly growing supplier of highly engineered composite parts for the aerospace industry.
Responsibilities - Cash Management: Assist in daily cash management activities, including monitoring cash balances, reconciling bank accounts, and ensuring sufficient liquidity for business operations.
- Banking Relations: Help maintain and manage banking relationships, including coordinating with banks for account setups, fund transfers, and bank fees analysis.
- Cash Forecasting: Support the preparation of short-term and long-term cash forecasts to ensure liquidity for day-to-day operations and strategic initiatives.
- Financial Reporting: Assist with the preparation of weekly and monthly treasury reports, including cash positions, cash flow forecasts, and liquidity analysis.
- Investment Support: Provide assistance in monitoring short-term investments, interest rates, and market conditions to help manage the company's cash and short-term funding strategies.
- Debt Management: Help track and report on the company's debt obligations, including loan balances, interest payments, and covenants.
- Treasury Systems & Processes: Assist with data entry into treasury management systems and contribute to improving treasury workflows and processes.
- Risk Management: Assist with identifying financial risks, including foreign exchange (FX) risk, interest rate risk, and commodity price fluctuations, and support risk mitigation strategies.
- Compliance & Documentation: Ensure that all treasury operations are in compliance with internal policies and external regulations. Assist in maintaining accurate documentation of transactions and treasury activities.
- Assist with annual and periodic audits.
- Validation of vendor master data (checking payment method, reviewing IBANs, routings, etc.).
- Special Projects: Participate in ad-hoc projects and assist senior treasury team members as assigned.
Qualifications: Education and Experience: - Current pursuing a degree in Finance, Accounting, or a related field.
- Minimum GPA 3.0
Abilities: - Strong interest in corporate finance, treasury management, and financial markets.
- Proficient in Microsoft Office, especially Excel (advanced skills in Excel are a plus).
- Analytical mindset with the ability to interpret financial data and assist in forecasting and budgeting.
- Excellent attention to detail, organizational skills, and the ability to manage multiple tasks in a fast-paced environment.
- Strong communication skills (both written and verbal) to effectively collaborate with internal teams and external partners.
- A proactive, self-starter who is eager to learn and contribute to the treasury function.
- Ability to work both independently and as part of a team.
- Experience with SAP or similar ERP system a plus.
Job Tags
Temporary work, Internship,