Intern - Finance

WBS, a subsidiary of WEC Energy Group, is seeking an Intern - Finance in our Milwaukee, Wisconsin location. This position offers flexibility for a hybrid work arrangement (remote/on-site) with time spent in the Milwaukee, Wisconsin office. This internship is full-time during the Summer of 2024 with the potential to work part-time during the academic year. The hourly rate for this position is $19.30 with paid company holidays.

Job Summary

We employ students for summer and year-round opportunities to help design creative cost effective systems and equipment that keep the energy flowing to our customers in a safe and reliable manner. WEC Energy Group offers a variety of finance opportunities for students seeking hands-on experience that are currently enrolled in a four-year degree program. Students work with experienced members of these functional teams. 

 

As a finance intern you will have the opportunity to shadow and work on tasks related to accounting, forecasting and strategy. 

Job Responsibilities

Finance - Business Support 

• Assist with reporting and analysis 
• Gain understanding of accruals, forecasting, and budgeting
• Develop organizational and planning skills 
• Learn business support, strategy, and planning

 

Sales and Revenue Forecasting 

• Assist in the development of long-term sales and revenue forecasts using regression-based and other models
• Support weather-normalization process and actual vs. forecast sales variance reporting
• Updating UI forecast system with revenue forecasts
• Assist in responding to data requests in regulatory proceedings and audits
• Support process improvement initiatives and create process documentation
• Run queries of billing data
• Work with departments across the company to ensure accuracy of data and validity of information
• Gain experience using the following systems: Business Warehouse reporting, utilities International forecast planning tool, OpenC customer service billing system, and Itron MetrixND (used to develop forecasting models)

 

Treasury 

• Assist in SAP cash clearing (FEBAN)
• Gain understanding of account reconciliations
• Troubleshoot issues between SAP and the banks
• Participate in letter of credit and risk analysis
• Shadow SAP process reconciliation between OPEN-C and SAP
• The intern will learn SAP general ledger and Treasury Module, OpenC customer service billing system, how credit facilities work and how to analyze credit risk of counter parties.

 

Utility Margins 

• Preparation of closing files and updating UI forecast system
• Participate in month end closing tasks and journal entries including account reconciliations
• Maintain monthly schedules and create process documents 
• Tie out general ledger accounts to supporting documentation and run queries of billing data
• Learn SAP general ledger, business warehouse reporting, utilities International forecast planning tool and OpenC customer service billing system

 

Minimum Experience Required

• High School Diploma, GED, or HSED
• Current pursuit of a Bachelor’s degree or higher in Finance, Business Administration or closely related field
• Minimum GPA of 2.8

End Date: 03/08/2024 

 

We reserve the right to modify the application deadline or discontinue accepting applications for any position if deemed necessary.

Learn more at Careers

WEC Energy Group and its subsidiaries are Equal Opportunity / Affirmative Action employers. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or any other protected class.

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