Accounts Receivable College Co-op

Job Description

Accounts Receivable College Co-op | Dauch

The Tone:
This is a college co-op position at Dauch, located in Detroit, MI. Dauch is a premier Driveline and Metal Forming supplier for the global automotive industry, with operations spanning 24 countries and more than 175 locations. This role offers an immersive experience, allowing co-ops to gain industry experience and build connections while contributing to the financial operations of the company. Dauch seeks team members with a passion for automotive manufacturing, leadership potential, and strong communication and analytical skills to contribute to their Built to Perform team.

The TL;DR
• Role: Internship
• Type: Year-round (30-35 hours/week)
• Location: In-person – Detroit, MI

• Team: Accounts Receivable Department, reporting to the AR Analyst.
• Mission: Process electronic and manual remittance transactions and support various financial tasks within the Accounts Receivable department to ensure accurate and timely cash application.
• Tech Stack: Excel

What You’ll Actually Do
• Payment Processing: Process electronic and manual remittance transactions, including downloading, reviewing, reconciling, and posting all lockbox and electronic payments on a daily basis.
• Problem Resolution: Work with the AR Analyst to resolve payment posting problems and research unidentified payments to ensure proper posting.
• Cash Reconciliation: Perform daily balancing of cash receipts and weekly balancing to Cash Management reconciliation against the bank accounts.
• Intercompany Operations: Prepare documentation for intercompany wire transfers and assist in the processing of intercompany invoicing.
• Auditing & Support: Maintain records for auditing purposes, assist with Sarbanes Oxley Section 404 testing documentation, and contribute to various analyses and projects as assigned.

The Must-Haves
• Background: Entry-level position for individuals currently pursuing a Bachelor’s or Master’s degree in Accounting, Finance, Business, or a related field.
• Experience: No prior professional experience required; candidates must have a graduation date of December 2027 or later.
• Skills: Strong communication and analytical capabilities; Minimum 3.0 GPA; Available to work 30-35 hours each week, year-round.
• Bonus: Excel experience.