Finance Intern

Job Details

Level

Entry

Job Location

MLT Headquarters - Mountlake Terrace, WA

Position Type

Internship

Education Level

High School

Salary Range

$20.00 - $20.00 Hourly

Job Shift

Day

Job Category

Banking

Description

• *This position is located out of our Mountlake Terrace Headquarters and is not a remote position.**

A GREAT PLACE TO WORK AND BANK

Join our team! 1st Security Bank team members deliver service that "WOWs" each other and our customers. We value relationships, teamwork, community, and professional growth in a safe, friendly, and progressive workplace. We celebrate diversity and support equality for all. If you share these core values and are committed to career excellence, let us help you reach your dreams!

If you are the type of individual that would enjoy working at one of the Puget Sound's Best Places to Work for 8 years in a row and focuses on providing an exceptional client experience, then 1st Security Bank is the place for you. 1st Security Bank was named a bronze medal winner in its class in the Puget Sound Business Journal's Best Workplaces contest in its first year nominated and is also consistently rated a 5 star Bank in Washington State by Bauer Financial, an independent bank rating firm.

1SB SUMMER INTERNSHIP PROGRAM

1stSecurity Bank is looking for smart, driven, and kind undergraduate students to participate in its summer internship program. This internship is for students with an interest in pursuing a career in finance, banking, or a related industry. The students will work in specific departments within the Accounting/Finance/Operations teams and have an opportunity to work with and be exposed to other departments of the bank, providing a well-rounded career experience.

POSITION SUMMARY

This position will be responsible for developing and implementing key metrics and measuring those metrics for bank-wide initiatives at the direction of the Chief Financial Officer (CFO). The individual may be involved in the monthly creation of profit and loss statements by cost center, oversight and management of daily liquidity/interest rate risk positions, forecasting/testing/implementing new models to improve forecasting and improving current processes/reporting. The position will support the Accounting/Finance/Profitability/Operations teams in the creation of forecasts, analyses, and models by function and/or department, including Home Lending, Consumer Lending, Retail Banking, Services and Operations, and Commercial Lending. This position will require the skills to perform an in-depth analysis of specific business functions to determine project needs and may include building data analytics to support business unit requests.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following

Regular data entry, importing, report building and report distribution Creating/editing/formatting financial reports and budgets Creating reports for business units based on specific data requests Assisting the CFO/Finance Manager with tasks to streamline Board reporting Analyzing assumptions to determine how bank model forecasts are functioning Creation of key metrics for teams at the Bank requiring interaction with cost center managers Responsible for working with business line managers to develop tools to assist team members with business analytics Assisting the CFO with new projects and financial reporting Developing metrics for managers (including monthly reporting tools) that assist with their management or product Reconciling processes and validating financial reports Assisting in creating structures to streamline and improve audit processes Other duties as assigned

Qualifications

EDUCATION and/or EXPERIENCE

Must be enrolled in college working toward a 4-year degree Minimum of 1 year of college complete or previous internship required Working toward a bachelor’s degree with preference for Business, Finance, or Accounting Strong Excel and database skills related to financial management systems Ability to quickly learn new business processes and identify key metrics Ability to quickly solve problems and create solutions based on set parameters Detail oriented with a focus on financial presentation Effective communication and interpersonal skills Strong time management skills with an emphasis on meeting tight deadline requirements

Computer Skills

To perform this job successfully, an individual should be proficient in Microsoft Office Products and have the ability to learn other programs.

PHYSICAL DEMANDS AND WORK ENVIRONMENT

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The employee will operate in a general office environment, using office equipment such as a phone and a computer. The employee must be able to bend and squat occasionally when accessing storage. The noise level in the work environment is usually quiet to moderate as compared to a private office with light foot traffic and office equipment. The employee must be willing and able to interact frequently with the general public. The position will be located at the Mountlake Terrace Administration Office and travel time to and from this location will be required.