The Corporate Financial Reports and Plans (FR&P) Department is seeking qualified undergraduate and graduate students for its summer internship program. FR&P is a department within the Finance & Accounting function and includes:

• Corporate Accounting – Provides proper accounting and accruals for benefit areas such as health care, pension and disability. Prepares and files all external benefit financials. Maintains and issues enterprise-wide accounting and auditing procedures manual.
• External Reporting – Prepares and files all external financial filings and supports Investor Relations for quarterly earnings release. Researches and writes technical memos.
• Reporting & Consolidations – Maintains 30+ general ledgers of corporate type entities. Also performs monthly consolidation of UPS results and prepares reports for senior management.
• Corporate Planning – Prepares quarterly profit plan to forecast consolidated results.
• Financial Information Systems (FIS) – Supports and maintains financial reporting and planning applications.

The internship is designed to give students the opportunity to gain exposure to a variety of different Finance & Accounting areas, including accounting, financial analysis, reporting and planning.

Other Duties

Corporate Accounting

• Prepare draft health benefit plan financial statements ensuring proper supporting documentation and associated Department of Labor Filing Requirements (i.e., Form 5500)
• Prepare reconciliation of benefit general ledger accounts
• Prepare month end journal entries
• Assist with development of benefit rates for quarterly and annual profit/business plans
• Support benefit plan audit requests from internal and external auditors
• Support data analytics with respect to health care claim trends
• Assist in the creation of new and/or update existing accounting policies and procedures

External Reporting

• Summarize accounting records to compile external reports to meet statutory financial reporting requirements – including SEC Form 10-Q or 10-K
• Assist with the preparation of internal financial reports
• Research and document the appropriate accounting treatment of transactions based on Generally Accepted Accounting Principles (GAAP)
• Maintain process documentation of internal controls over financial reporting for SEC filings and other processes
• Prepare or coordinate support for requests from internal or external auditors

Reporting & Consolidations

• Coordinates with other departments to ensure monthly close is completed by the deadline
• Prepares monthly journal entries and financial checks to ensure errors are identified timely
• Prepares fixed asset inventory for Corporate functions
• Consolidates financial results and eliminates intercompany activity
• Creates consolidated financial reports for senior management
• Completes monthly account reconciliations to ensure balances are accurate

Corporate Planning

• Creates business planning templates
• Assists in development, maintenance, and improvement of managerial reports
• Assists in variance analysis of financial results
• Provides ad hoc financial analysis for management team

Financial Information Systems

• Establishes regular system checks to identify system irregularities
• Performs data mining and analysis in Access, Excel, and other financial applications
• Establishes and evaluates business requirements for enhancement requests
• Tests resolutions in a user acceptance testing environment to ensure goals are achieved
• Provides details, test cases, and necessary support files to ensure information is available to vendors for resolution
• Communicates with key stakeholders to discuss plans for systems and system capabilities

Preferred Competencies

• Ability to apply accounting knowledge
• Strong financial analytical skills
• Ability to work on multiple projects
• Ability to work in a team focused work environment
• Strong written and oral communication skills
• Must be detail oriented

Minimum Qualifications

• Experience using Microsoft Office products or equivalent software (Excel, Word, PowerPoint, Access) - preferred
• Majoring in or have majored in Accounting, Finance, Computer Science, or Information Systems - preferred
• Must be able to work a minimum of 30 to 40 hours per week

Founded on a $100 loan in 1907, 2 teenage boys opened up a messenger service in a 6 by 17 foot office located just below the sidewalk on Second Avenue and Main Street in Seattle, WA. Messengers ran errands, carried notes, hand baggage, and delivered trays of food for customers. They also delivered packages, traveling by streetcars and bicycles for longer trips, and later using motorcycles.