What are the responsibilities and job description for the POOL: RedTire Program Finance Analyst Student Intern position at Inside Higher Ed?
Position OverviewRedTire is a KU School of Business venture designed to enhance the economic well-being of Kansas and the surrounding states. The program finds the most suitably qualified candidate buyers to match with a successful small- to medium-sized business to prevent the shuttering of business due to a lack of owner successor. RedTire assists in successfully transitioning the business to new ownership and relies on University of Kansas (KU) student interns during the financial analysis and valuation modelling part of the process.
The KU student analyst’s first objective is to provide assistance to the RedTire Director so that quality business and technical consulting assistance to RedTire clients is provided. Secondly, the aim of the role is to also provide an excellent experimental learning opportunity to the KU student. They will work on ‘live real-world’ case scenarios to successfully transition a business from a retiring owner, by redefining their retirement, to a new, younger owner who will acquire their business. The position works on-site at Capitol Federal Hall and will receive $10.25 per hour during the initial training period. Ideal candidates will continue in the role for multiple semesters and receive increasing wage adjustments for returning semesters, commensurate with performance.
The KU student in this position will receive the benefit of:
Job DescriptionJob duties may include (but are not limited to):
35% - Extrapolate raw financial data (from tax returns and company P&L’s) into RedTire models.
25% - Perform business valuation analyses using established models and procedures.
15% - Help with industry, location, and market research/risk initiatives.
15% - Other ad-hoc financial and modelling analysis duties as required.
10% - Assist with day-to-day administration of RedTire and help with leads for candidate business (sellers) and buyers for inclusion in the program.Required Qualifications
Business undergraduate student with finance or accounting tracks OR MACC or MBA graduate student with finance.
The KU student analyst’s first objective is to provide assistance to the RedTire Director so that quality business and technical consulting assistance to RedTire clients is provided. Secondly, the aim of the role is to also provide an excellent experimental learning opportunity to the KU student. They will work on ‘live real-world’ case scenarios to successfully transition a business from a retiring owner, by redefining their retirement, to a new, younger owner who will acquire their business. The position works on-site at Capitol Federal Hall and will receive $10.25 per hour during the initial training period. Ideal candidates will continue in the role for multiple semesters and receive increasing wage adjustments for returning semesters, commensurate with performance.
The KU student in this position will receive the benefit of:
- Applying academic valuation techniques to a live company and learning other small business valuation techniques that are not generally taught in the academic accounting or finance classroom.
- Obtaining direct experience and insight into how the deal process works.
- Gaining valuable experience in dealing with project-related work.
- Students employed by RedTire could also meet the KU School of Business internship requirements.
Job DescriptionJob duties may include (but are not limited to):
35% - Extrapolate raw financial data (from tax returns and company P&L’s) into RedTire models.
25% - Perform business valuation analyses using established models and procedures.
15% - Help with industry, location, and market research/risk initiatives.
15% - Other ad-hoc financial and modelling analysis duties as required.
10% - Assist with day-to-day administration of RedTire and help with leads for candidate business (sellers) and buyers for inclusion in the program.Required Qualifications
Business undergraduate student with finance or accounting tracks OR MACC or MBA graduate student with finance.
- Completion or concurrent enrollment in “Finance” - FIN 310 or “Honors Finance” - FIN 311.
- Working experience in a Finance-related field from an external employer internship covering some aspects of working with financial statements and/or valuation methodologies.
- This is an hourly/non-exempt position. A student employee cannot hold an hourly/non-exempt position and a salaried/exempt graduate or undergraduate position (GRA/GTA/GA/RUA/RGA) concurrently.Additional Candidate InstructionsSubmit the following materials: (1) online application, (2) resume, and (3) cover letter. This is a pool position; therefore, hiring and start dates will be ongoing.Contact Information to ApplicantsDenton Zeeman
Salary : $10