Treasury Intern - Summer 2019

Date: Mar 19, 2019

Location: North Canton, OH, US, 44720

Company: Timken

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Keeping the World in Motion

 

The Timken Company engineers and manufactures bearings and mechanical power transmission components including gear drives, couplings, belts, chain and lubrication systems. We also offer a spectrum of industrial services including bearing repair and powertrain rebuild. As the leading authority on tapered roller bearings, we apply our deep knowledge of metallurgy, tribology and mechanical systems to improve the reliability and efficiency of equipment, machinery and vehicles worldwide. With more almost 15,000 employees operating from 31 countries, our associates and our products keep industry in motion and make the world more productive.

 

 A History of Innovation

 

If you’re considering a career at Timken, it says a lot about who you are. You believe a great idea has the power to change the world. So do we. In 1899, Henry Timken changed the way things turn with the tapered roller bearing. More than 100 years later, our associates are still moving the world forward through innovation, with the talent and skills to turn our concepts into reality.

 

Internship Positions

 

At The Timken Company, you will have the opportunity to grow, optimize your performance and unlock your ambitions through positions in many areas of the company. While working independently or in a team environment, you will develop leadership and critical thinking skills to help you launch your career. Our internship positions allow students to gain real job experience and receive on-the-job training that focuses on our technologies and methodologies. From the start, interns are challenged to demonstrate their strengths and apply their knowledge to help us achieve our business strategy. At Timken, we place great value on our interns and our positions are structured to maximize your hands-on experience.

 

Timken brings to you what matters most as an intern:

 

  • Competitive salary
  • Real-world experience that provides an edge upon graduation
  • Access to the latest technologies
  • Team-based environment in a high-tech setting
  • Career mentoring

 

Position Overview/Responsibilities:

 

Activity could include items below and will be focused on Finance related activity. Both Accounting and Finance majors are encouraged to consider and will focus activity to consider both.

 

  • Foreign Exchange
    • Analyzing forecasts and rates
    • FX derivative accounting revaluations
    • Running and analyzing reports with SAP ERP tools, Business Intelligence queries and global consolidation tools on balance sheet, cash flow and income statement analysis.
  • Working Capital
    • Intercompany loan support
    • Setting interest rates
    • Coordinating approvals and documents
    • Confirming future maturities with analysis of cash flow and coordination with local controllers
  • Support for global cash repatriation planning and execution
    • Bank Account Tracking
    • Review/confirmation of inventory of bank account details with global controllers
    • Support on changes in cash management/banking activity, including recent acquisitions, in US and global locations
  • Bank Activity
    • Attend ongoing bank meetings to learn industry and market trends
    • Using Bloomberg to access financial information on peer companies and financial markets.

 

Basic Qualification:

 

  • Majors sought: Finance or Accounting
  • Year in school: 2-3 years in school (rising Junior or Sophomore)
  • Full-time student (12 semester hours) attending an accredited four-year university 
  • Minimum cumulative GPA of 2.8
  • Legally authorized to work in the United States

All qualified applicants shall be treated equally according to their individual qualifications, abilities, experiences and other employment standards. There will be no discrimination due to gender or gender identity, race, religion, color, national origin, ancestry, age, disability, sexual orientation, veteran/military status or any other basis protected by applicable law.


Nearest Major Market: Canton
Nearest Secondary Market: Akron

Job Segment: Intern, Mechanical Engineer, Metallurgy, Bank, Banking, Entry Level, Engineering, Manufacturing, Finance

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