Finance Intern

Job Description

Finance Intern – Supply Chain | Colgate-Palmolive

The Tone:
This is an in-person internship at Colgate-Palmolive, located in Morristown, Tennessee. Colgate-Palmolive is a global consumer products company operating in over 200 countries, specializing in Oral Care, Personal Care, Home Care, Skin Care, and Pet Nutrition. The company’s products are trusted in more households than any other brand worldwide. This role is crucial for contributing to the financial responsibilities of the TN site, involving active participation in meaningful projects, cost analysis, and budget optimization to support the overall financial health of supply operations.

The TL;DR
• Role: Internship
• Type: Part-time during the school year and/or full-time during the summer
• Location: In-person Morristown, TN

• Team: Works directly with the Plant Controller and Finance Team
• Mission: Contribute to the financial health of supply operations through key financial responsibilities, cost analysis, and budget optimization
• Tech Stack: Financial planning tools, computer systems

What You’ll Actually Do
• Manage Accounts Payable & Purchasing Efficiency: Oversee the Goods Receipt/Invoice Receipt (GR/IR) process, monitor Purchase Orders (POs) for accuracy and aging, assist with intercompany financial requests, and resolve open PO issues to boost purchasing efficiency.
• Support Core Accounting Functions: Assist with monthly accounting tasks such as reconciliations, accruals, reclasses, and Capital Expenditure (CapEx) tracking, contributing to monthly financial reviews and updating senior leadership presentations.
• Perform Cost Analysis: Manage critical, real-time costing requests to support strategic decisions, gaining practical experience in cost analysis essential for financial insights.
• Administer Budget and Financial Planning: Manage and update key budget, Manufacturing Lead Time (MLE), and Service Level Expectation (SLE) files using financial planning tools, developing practical skills in financial reporting and analysis.
• Monitor Plant Performance & Asset Management: Track Key Plant Performance Indicators like Asset Material Loss (AML), participate in Slow-Moving and Obsolete (SLOB) inventory reviews, reconcile weekly confirmation variances, and assist with hands-on tasks such as GR auditing and asset tagging.

The Must-Haves
• Background: Currently enrolled in a Bachelor’s or Master’s program, with a preference for third-year Finance or Accounting majors.
• Experience: Basic knowledge of financial accounting, budgeting, and computer systems. Authorization to work in the United States without future sponsorship needs.
• Skills: Financial accounting, budgeting, financial reporting, data analysis.
• Bonus: Some prior, relevant work experience in a business setting.