Audit Specialist

Job Description

Audit Specialist (Paid Internship) | UMB Bank

The Tone:
This is a paid internship at UMB Bank, with the location not specified in the listing. UMB Bank is a financial services institution dedicated to its people and community, fostering an environment where associates are valued, trusted, and provided with opportunities for growth and multiple careers. The company provides specialized audit preparation services for its alternative investment fund clients. This role is crucial as it streamlines the annual audit process for these clients, taking the heavy lifting from accountant peers and enabling Fund Accountants to balance their time more effectively to support client needs and ensure successful outcomes.

The TL;DR
• Role: Internship
• Type: Seasonal Internship
• Location: Not specified in listing
• Pay: $33,786–$49,698 yearly
• Team: Small, specialized Audit team providing audit preparation services for alternative investment fund clients, supporting Fund Accounting peers.
• Mission: To support UMB by managing all tasks related to the annual audit of the financial reporting process for clients.
• Tech Stack: Excel, UMB accounting systems

What You’ll Actually Do
• Financial Statement Data Management: Operate Excel and UMB accounting systems to effectively pull in and summarize various data exports, which are then utilized for preparing comprehensive client financial statements.
• Data Integrity and Preparation: Reconcile and meticulously clean up complex financial data, ensuring accuracy and readiness for the rigorous preparation of audited financial statements.
• Cross-functional Collaboration: Actively partner with the Fund Accounting team and other internal peers to ensure the accuracy, completeness, and ultimate satisfaction of clients regarding financial reporting and audit processes.
• Audit Support Services: Provide essential, timely audit preparation services for UMB’s alternative investment fund clients, managing the seasonal demands predominantly from January to June.
• Enhanced Operational Efficiency: Contribute significantly to the operational efficiency of the Fund Accounting team by handling all necessary tasks related to the annual audit, thereby allowing accountants to better balance their time and client needs.

The Must-Haves
• Background: Entry-Level. Completion of at least two years in an undergraduate program in a business-related field.
• Experience: No specific prior work experience is required beyond undergraduate program completion. Demonstrated strong communication and review capabilities are essential.
• Skills: Proficiency in Excel and UMB accounting systems, strong communication skills, effective data review skills, and a desire to learn more in audit and accounting.