Finance Intern

The Treasury Intern will be part of our Finance team, assisting with a variety of treasury functions, including cash management, liquidity analysis, banking relationships, and financial forecasting. This internship provides an excellent opportunity to gain hands-on experience in corporate treasury operations and learn about financial risk management, capital markets, and corporate finance.

Albany International Corp. is a global advanced textiles and materials processing company. The company has two core businesses,TheMachine Clothingsegment is the world's leading producer of custom-designed fabrics and belts essential to production in the paper, nonwovens, and other process industries andEngineered Composites(EC)is a rapidly growing supplier of highly engineered composite parts for the aerospace industry.

Responsibilities

• Cash Management: Assist in daily cash management activities, including monitoring cash balances, reconciling bank accounts, and ensuring sufficient liquidity for business operations.
• Banking Relations: Help maintain and manage banking relationships, including coordinating with banks for account setups, fund transfers, and bank fees analysis.
• Cash Forecasting: Support the preparation of short-term and long-term cash forecasts to ensure liquidity for day-to-day operations and strategic initiatives.
• Financial Reporting: Assist with the preparation of weekly and monthly treasury reports, including cash positions, cash flow forecasts, and liquidity analysis.
• Investment Support: Provide assistance in monitoring short-term investments, interest rates, and market conditions to help manage the company's cash and short-term funding strategies.
• Debt Management: Help track and report on the company's debt obligations, including loan balances, interest payments, and covenants.
• Treasury Systems & Processes: Assist with data entry into treasury management systems and contribute to improving treasury workflows and processes.
• Risk Management: Assist with identifying financial risks, including foreign exchange (FX) risk, interest rate risk, and commodity price fluctuations, and support risk mitigation strategies.
• Compliance & Documentation: Ensure that all treasury operations are in compliance with internal policies and external regulations. Assist in maintaining accurate documentation of transactions and treasury activities.
• Assist with annual and periodic audits.
• Validation of vendor master data (checking payment method, reviewing IBANs, routings, etc.).
• Special Projects: Participate in ad-hoc projects and assist senior treasury team members as assigned.

Qualifications:

Education and Experience:

• Current pursuing a degree in Finance, Accounting, or a related field.
• Minimum GPA 3.0

Abilities:

• Strong interest in corporate finance, treasury management, and financial markets.
• Proficient in Microsoft Office, especially Excel (advanced skills in Excel are a plus).
• Analytical mindset with the ability to interpret financial data and assist in forecasting and budgeting.
• Excellent attention to detail, organizational skills, and the ability to manage multiple tasks in a fast-paced environment.
• Strong communication skills (both written and verbal) to effectively collaborate with internal teams and external partners.
• A proactive, self-starter who is eager to learn and contribute to the treasury function.
• Ability to work both independently and as part of a team.
• Experience with SAP or similar ERP system a plus.