Finance Intern at Magna International in Clinton, TN

Summary: Magna International is a company that develops industry-leading automotive technologies and invests in the growth of its employees. The Finance Intern will assist the Finance department with day-to-day financial operations, including budget tracking, financial reporting, and invoice processing. Responsibilities: - Assist in preparing, organizing, and maintaining financial documents such as invoices, receipts, payment vouchers, and financial reports - Input financial transactions into accounting software and ensure accurate and timely data entry for all financial records - Help in preparing monthly bank reconciliations by comparing bank statements with the internal financial records - Assist in monitoring departmental and project budgets, track expenditures, and report variances to the Finance Manager - Support the verification and processing of supplier invoices and ensure payments are made on time - Assist in reviewing and verifying staff expense reports to ensure compliance with the organization's policies - Provide support during internal and external audits by gathering required documents and information - Collaborate with the procurement team to verify financial documentation for purchasing activities and ensure that transactions follow procurement policies - Assist in preparing monthly, quarterly, and annual financial reports as required - Provide general administrative assistance, including filing, correspondence, and assisting with the organization of finance related meetings Required Qualifications: - Currently pursuing or graduated with a Bachelor's degree in Finance, Accounting, Economics, or related field - Previous internship experience - Strong analytical and problem-solving skills - Proficiency in Microsoft Excel (formulas, pivots preferred) - Attention to detail and strong organizational skills - Ability to handle confidential information professionally - Strong communication skills (written and verbal) - Coursework in financial accounting, managerial accounting, or corporate finance - Experience with financial modeling, budgeting, or forecasting (academic or internship experience) - Familiarity with ERP systems (SAP, Oracle, Workday, or similar) - Experience creating reports, dashboards, or presentations for leadership review - Basic understanding of manufacturing or operational cost structures (labor, overhead, inventory) Preferred Qualifications: - Exposure to data analysis tools (Power BI, Tableau, or similar) - Prior internship, co-op, or project-based experience in Finance or Accounting Required Skills: Financial accounting, Managerial accounting, Corporate finance, Financial modeling, Budgeting, Forecasting, ERP systems, Financial reporting, Data analysis tools, Manufacturing cost structures, Operational cost structures, Analytical skills