Finance Intern

Job Description

Finance Intern | Leader Bank

The Tone:
This is an internship at Leader Bank, located in Arlington, MA, for exceptionally dedicated individuals. Leader Bank has experienced rapid growth, evolving from a single branch in 2002 to over $5 billion in assets and 450+ team members, establishing itself as one of Massachusetts’ most successful banks and mortgage lenders. This role provides an opportunity to support the bank’s robust financial operations, offering hands-on experience across the Accounting and Treasury teams. By contributing to daily accounting activities, financial reporting, budgeting, and treasury functions, the Finance Intern will gain a broad understanding of banking operations, align with Leader Bank’s innovative spirit, and build practical experience crucial for a career in finance. The bank prioritizes client obsession and a supportive environment for its team members, fostering diversity and inclusion.

The TL;DR
• Role: Internship
• Location: In-person, Arlington, MA
• Pay: $43680–$49920 yearly
• Team: Accounting and Treasury teams
• Mission: Support financial operations by assisting with general accounting, financial reporting, budgeting, and treasury activities to gain hands-on experience.
• Tech Stack: Microsoft Excel, Microsoft Office applications

What You’ll Actually Do
• Manage Daily Accounting: Support day-to-day accounting operations, which includes general ledger activity, diligent account monitoring, balancing financial records, and conducting necessary research to resolve discrepancies.
• Facilitate Month-End Close: Assist with the preparation of monthly balance sheet account reconciliations, research and resolve any outstanding items, and actively participate in the critical month-end and year-end close processes.
• Support Financial Planning: Help with tracking operating expenses, contribute to budgeting initiatives, and provide support for various financial analysis tasks.
• Aid Regulatory Compliance: Support the preparation of quarterly and ad hoc regulatory reporting submissions, and assist with requests from both internal and external audits.
• Contribute to Treasury Operations: Assist with various Treasury activities and ongoing projects, including conducting necessary research and analysis, and work collaboratively with team members on special projects and ad hoc analysis.

The Must-Haves
• Background: This is an entry-level internship for candidates currently pursuing or having recently completed a bachelor’s or master’s degree in accounting, finance, economics, business, or a closely related field.
• Experience: No prior accounting or banking experience is required for this role, providing an excellent opportunity for hands-on learning. Familiarity with Microsoft Excel and other Microsoft Office applications is preferred to support daily tasks.
• Skills: Strong attention to detail, robust organizational abilities, effective problem-solving skills, and strong written and verbal communication skills are essential for success in this collaborative environment.
• Bonus: A demonstrated interest in accounting, finance, banking, or the broader financial services industry is beneficial for this role.