Finance Intern

The Finance Intern will be part of our Finance team, assisting with a variety of finance functions, including treasury, accounting, tax, financial forecasting. This internship provides an excellent opportunity to gain hands-on experience in corporate finance 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 worlds 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

• Support GL accounting, GL & balance sheet reconciliations, audit, monthly/quarterly/annual close, financial reporting

• Support bank reconciliations, cash applications, accounts payable/receivable, and sales and use tax filings.

• Support US Income Tax Provision, tax rate analysis, preparation and filing of sales and use tax returns
• Banking Relations: Help maintain and manage banking relationships, including coordinating with banks for account setups, fund transfers, and bank fees analysis.
• 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 companys cash and short-term funding strategies.
• Debt Management: Help track and report on the companys 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 team members as assigned.