Accounting Intern

Job Description

Accounting Intern | Hammond Power Solutions

The Tone:
This is a summer internship at Hammond Power Solutions Inc., a global manufacturer headquartered in Guelph, Ontario, Canada. For over a century, HPS has been a leader in North America in the custom design and manufacture of dry type transformers. The company delivers electrical power solutions to global markets, addressing complex applications such as mining, rectifier, drives, traction, wind, and solar. This summer internship is a pivotal opportunity within the Accounting department, offering hands-on experience in supporting the financial operations of a world-renowned company. The successful intern will play a key role in contributing to the accuracy and efficiency of our financial records, which is essential for HPS’s continued growth and success in delivering state-of-the-art transformer technology globally.

The TL;DR
• Role: Internship
• Type: Seasonal
• Location: Not explicitly stated for the internship itself
• Team: Reports to the US Accounting Manager
• Mission: To provide essential support to the Accounting department across fixed assets, accounts payable, and accounts receivable functions.
• Tech Stack: MS Office, Excel

What You’ll Actually Do
• Accounts Payable Management: Accurately prepare and process purchase order invoices and associated invoice journals, ensuring timely execution and correct financial recording. This includes verifying that proper approvals are obtained and maintaining accurate, up-to-date filing of all documentation.
• Financial Reconciliation: Match purchase orders, receiving records, and invoices to ensure precise data input and correct expense accounting classifications, thereby maintaining financial integrity.
• Accounts Receivable Collections: Proactively follow up on outstanding customer accounts and effectively communicate with customers regarding overdue balances to facilitate prompt resolution and payment.
• Chargeback and Discrepancy Resolution: Investigate and resolve customer chargebacks and other financial discrepancies by thorough follow-up and analysis, ensuring accurate account reconciliation.
• General Accounting Support: Provide comprehensive support by assisting in the preparation of Accounts Receivable reports and statements, as well as performing essential data entry, record keeping, document organization, and invoice generation and dispatch.

The Must-Haves
• Background: Entry-Level. Currently enrolled in a college or university accounting program.
• Experience: Working knowledge of MS Office, specifically Excel.
• Skills: Strong analytical, reasoning, and problem-solving skills, enabling effective identification and resolution of financial issues; Superior organizational, prioritization, and multi-tasking skills, essential for managing diverse accounting responsibilities efficiently; Demonstrated ability to collaborate effectively within a team environment while also performing tasks independently when required; A consistent ability to work efficiently under pressure and meet deadlines without compromising accuracy; Exceptional attention to detail, crucial for ensuring precision in all accounting processes and documentation.