Finance Accounts Receivable Intern - 1871
1871 Member Companies, United States

About Us

The story of the Great Chicago Fire of 1871 isn't really about the fire. It's about what happened next, A remarkable moment when the most brilliant engineers, architects, and inventors came together to build a new city. Their innovations born of passion and practical ingenuity shaped not just Chicago but also the modern world. What started 140 years ago continues to this day.

1871 exists to inspire, equip, and support founders, growth scalers, and innovators in building great businesses. We deliver unfair advantages at scale s. The team supports ~420 young companies. 300+ growth stage members and 100+ partners made up of Chicago's brightest digital designers, engineers, and leaders shaping new technologies, disrupting old business models, and resetting the boundaries of what's possible.

Come to a place where you can share ideas, make mistakes, partner with others, work hard, grow professionally, and change the world with a bit of luck. If that sounds like you, join us!

1871 is seeking a professionally driven, detail-oriented, and highly motivated intern to support its Finance Team. The 1871 Finance Team works closely with all business parts to maximize the potential financial benefits and reduce capital and expense outlays.

Duties and responsibilities

This intern will be working with the Finance Associate and the Controller to manage the Accounts Receivable process through new process creation and execution. Project steps are:

1. Determine criteria for an immediate write-off, last communication attempt, and current AR.
2. Make the last communication attempt.
3. Complete the agreed-upon write-offs.
4. Implement a new process with each team to review current AR.
5. Ensure that the processes are followed for one cycle.
6. Create a report to review findings.

General Duties:

• Analyze the fluid AR standings of the business using Excel
• Work with the Leadership team to create guidelines of how to handle AR
• Work in Bill.com and Quickbooks to make write-off entries
• Doing "last communications" with delinquent accounts
• Work with other teams to confirm guidelines are followed
• Report on success/challenges

Requirements

• Working towards a finance undergraduate degree
• Strong interpersonal, verbal (phone/in-person), and written communication skills
• Basic computer processing skills, including Microsoft Office and Internet
• College coursework or comparable work experience preferred
• Previous internship experience is preferred
• Preference will be given to college juniors and seniors

• Interest in the Tech/Entrepreneurship and Non-Profit Sectors
• Interest in learning the details and workings of a finance department

Benefits

Benefits: letters of recommendation from our leadership team, college credit ( upon school approval), work with some of the best and brightest upcoming entrepreneurs and startups in the country

Time: Monday - Thursday, 10 am-4 pm (hours and time commitment may be flexible if agreed upon by the supervisor and the internship candidate prior to the start of the internship)

Job Rewards and Benefits