12-Month Finance Internship
Inspiration
We connect science to life for a better future.
About the role
LG Chem will become a world-class corporation that creates new value for our customers based on "science," beyond "chemistry."
Essential Functions
Invoice Processing and Review: Review and process invoices received from suppliers. Verify accuracy by comparing invoices with purchase orders and payment terms.
Payment Management: Ensure timely and accurate processing of invoices and payroll. Verify that payment requests have proper documentation and authorization. Prioritize payments to maximize cash discounts and avoid interest and penalties.
Financial Record Maintenance: Manage account maintenance and transaction records using ERP system. Prepare account reconciliations and financial reports. Support financial audits.
Vendor Account Registration: Oversee the vendor registration process, ensuring all necessary documentation is collected and verified. Maintain an up-to-date vendor database and ensure compliance with company policies.
Cash Pooling Operations: Manage cash pooling operations to optimize liquidity management for participating companies. Ensure efficient use of surplus funds and minimize dependency on external borrowing.
Reporting and Analysis: Prepare account analysis and reports to understand financial status. Propose improvements to optimize payment processes and increase efficiency.
Qualifications, Skills and Experience
Education: Bachelor’s degree required in Accounting, Finance, Economics, or business-related degree from an accredited college or university.
Requirements: Interest in pursuing an Accounting or Finance career. Strong analytical and problem-solving skills. Self-start with desire to learn and work autonomously. Participate in month-end/Quarter end/Year end close. Excellent communication skills: verbal, written, and presentation. Attention to detail. Proficiency in the use of PC and Microsoft Office suite (Microsoft Excel, Power Point, Word, etc.).
Work Environment
The working conditions (including the general work environment, and table with physical/mental demands) in this job description reflect the typical conditions you can expect while performing the essential functions of this job. LGCAI provides reasonable accommodations – appropriate changes and adjustments – to applicants and employees to be considered for a job opening, enable them to perform a job, gain access to the workplace, and enjoy the benefits and privileges of employment. General Work Environment. The work environment characteristics described here are representative of those a team member encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.