Program: Finance Internship
Location: Australia
The suggestion is that the internship will cover a three month period. The interns spend time in teams to get exposure to the kind of tasks that are being undertaken.
Activities that could be undertaken while in each area:
Financial Control
Our Financial Control team provides stewardship and control of the numbers. They deliver Regulatory and Statutory reporting, manage regulatory relationships and provide technical accounting advice. This team is responsible for the preparation of monthly consolidated P&L and Balance sheets, as well as management of financial governance and assurance.
While most of the day-to-day ‘accounting’ is undertaken offshore, there is a large governance and compliance requirement and suggested tasks for an intern are:
- Supporting the Finance Governance Programme – validation that process are being carried out in line with approved documentation and that appropriate, relevant evidence is in place and readily accessible.
- Assisting in the preparation of supporting schedules for accounting entries – e.g. supporting intercompany balances, journal entries
- Preparation of analysis into, for example, specific expense categories and reporting findings
Business Partners
Our Finance Business Partners (BPs) provide strategic insight and proactive financial analysis and advice to the businesses they support. They have a detailed understanding of business performance and provide analysis and business commentary. They are also involved in developing the Business Unit or Country Specific strategic and operating plan and forecasting.
Business Partners are mainly senior members of the Finance Community, but an intern could benefit from shadowing a Business Partner to get an insight into how to manage the relationship between Finance and the Business and to see first-hand how a strong relationship can drive excellent business performance.
Financial Planning and Analysis
Our Financial Planning and Analysis (FP&A) team delivers business driver based planning and forecasting, as well as insightful reporting. The team provides an in-depth analysis and drivers of our business to drive accountability and productivity. The Group FP&A team are also responsible for managing our existing investment slate and evaluating new capital.
It is important for Interns to recognise the importance of reporting actuals against a target. Within FP&A, the intern can be exposed to the concepts of Plan and Forecast and assist in the preparation of reports (written, numerical or graphical) and analysis used to support the business.
During the internship the intern could assist in running standard reports, basic variance analysis and preparing some basic commentary.
Project Accounting
The Project Accounting function is responsible for the preparation of financials for our projects governance body and for Management Board approved projects.
Based on the input and direction provided by our key Project and BAU Finance Stakeholders, the team delivers project finance information including monthly reporting, forecasting and planning & analysis.
This is achieved by following established processes and procedures to ensure that the service provided is consistent and scalable.
Working in Project there are opportunities for interns to undertake some key tasks, including:
- Review accrual and capex journals to supporting documentation
- Review Balance Sheet reconciliations to supporting documentation
- Monitor Project Accounting shared mailbox and assist in self-service registration of opex projects
- Produce the monthly Project Accounting management report and collate commentary
Systems Access
Regardless what team the intern is assigned to, it is important given the short tenure that they have adequate system access to be able to work effectively. We need to make sure that the intern is established in good time, at least 4 (6?) weeks before they commence as delays in getting system access will, at very least, restrict the interns ability to deliver against the objectives we set them.
Who makes a good Finance Intern at ANZ?
Successful ANZ Finance Internsare passionate about working for an area of the bank that is influential in finding financial solutions for internal and external customers.
The best fit for the Finance program are people with excellent quantitative analysis skills, strong capability in understanding and interpreting financial information and an understanding of financial business concepts and practice are highly regarded, but it's not all about numbers!
We also look for Internswith the ability to translate and communicate their work and solutions to non-technical audiences as well as key stakeholders within the bank.
Having a big picture view of banking and finance will assist your success in this area by considering who and what your work will affect. High levels of adaptability and flexibility and a willingness to deal with constant change and challenges will set the scene for success!
Our Finance program is highly sought after by Internswith a passion for Finance, so high achievers both academically and in other areas of life outside university are looked upon favourably by our leaders in this area of the bank.
Candidate Requirements
Roles are varied, challenging and enjoyable for people who want to continue to learn and to learn from some of the most experienced bankers and inspiring professionals in the region.
We’re looking for talented Accounting, Finance, Economics, Econometrics, Business or Commerce students. A double or Master’s degree is desirable, but not essential.
You have developed well rounded life experiences throughyour extra-curricular activities. Your achievements and experiences all add to your knowledge and ability.
This specialist internship program offers you an opportunity to build on what you have learned and show that you are capable of performing at a professional level.
What will ANZ provide to successful applicants?
At ANZ we believe in giving you the broadest experience possible so you can gain a working knowledge of our area. This gives you a comprehensive overview of the Finance team and is a great way for you and your managers to evaluate a possible career path with ANZ.
You will be introduced to new ANZ products, people and policies and you will be given plenty of opportunity to network and learn from peers and stakeholders alike. We pride ourselves on a program that enables you to maximise opportunities for personal and professional growth.
We offer a flexible internship where you will be working in your winter and summer breaks with further casual hours as suitable and practical. Your remuneration will be competitive with similar programs around Australia. Support will be provided, including reasonable adjustments, through our renowned and well established Abilities Program. The Abilities program will also supply Post Placement Support to you and your line manager throughout your appointment.