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Job Title:  Customer Finance Planning Intern

  • ... ColgatePalmolive Company
  • ... Minneapolis, Minnesota, United States
  • ... Full time
  • ... Salary: 22.5 per hour
  • Posted on: Feb 02, 2024

Job Title:  Customer Finance Planning Intern   

JOB TITLE:

Job Title:  Customer Finance Planning Intern

JOB TYPE:

Full-time

JOB LOCATION:

Minneapolis Minnesota United States

No

JOB DESCRIPTION:

No Relocation Assistance Offered
#158103 - Minneapolis, Minnesota, United States

Who We Are
Colgate-Palmolive Company is a caring, innovative growth company that is reimagining a healthier future for all people, their pets and our planet. Focused on Oral Care, Personal Care, Home Care and Pet Nutrition, we sell our products in more than 200 countries and territories under brands such as Colgate, Palmolive, elmex, hello, meridol, Sorriso, Toms of Maine, EltaMD, Filorga, Irish Spring, PCA SKIN, Protex, Sanex, Softsoap, Speed Stick, Ajax, Axion, Fabuloso, Soupline and Suavitel, as well as Hills Pet Nutrition.

We are recognized for our leadership and innovation in promoting sustainability and community wellbeing, including our achievements in decreasing plastic waste and promoting recyclability, saving water, conserving natural resources and improving childrens oral health.

If you want to work for a company that lives by their values, then give your career a reason to smile and join our global team!

Do you want to come to work with a smile and leave with one as well? In between those smiles, your day consists of connecting with others across the world, full of stimulating discussions and making impactful contributions.
If this is how you see your career, Colgate is the place to be! Our trustworthy household brands, dedicated employees, and sustainability commitments make us a company passionate about building a future to smile about for our employees, consumers, and surrounding communities. As the brand with the highest household presence in the world, we transcend physical boundaries. We win as a global organization by continually learning and collaborating. The pride in our brand fuels a workplace that encourages creative thinking, fosters experimentation and promotes authenticity which has contributed to our enduring success. If you are passionate about working for a company that lives by their values, then give your career a reason to smile...every single day.

About Colgate-Palmolive
Colgate-Palmolive is a leading global consumer products company, tightly focused on Oral Care, Personal Care, Home Care and Pet Nutrition. Colgate sells its products in over 200 countries and territories around the world under such internationally recognized brand names as Colgate, Palmolive, Mennen, Softsoap, Irish Spring, Toms of Maine, Ajax, Fabuloso, and Suavitel, as well as Hills Science Diet and Hills Prescription Diet.

About the Job
This internship is designed to provide students with practical, hands-on experience and exposure to Colgates commercial finance processes and activities while at the same time working on day-to-day activities and projects that are important to the needs of our US daily operations. During the internship, students will work on various financial activities and also have the opportunity to meet with members of our Divisional/Financial Senior Management Teams and learn about Colgate Palmolives overall business.
We are looking for candidates who show great aptitude/willingness to learn quickly on the job, demonstrate strong analytical skills, have the ability to multitask, have the flexibility to manage a variety of responsibilities that may change frequently and who can think creatively to generate ideas that will improve efficiencies in our Finance function.

The Customer Development Finance internship provides excellent exposure to Colgates Customer Development Organization and the companys key accounts. Responsibilities include, but are not limited to the following:

  • Weekly update of P&L (Profit & Loss) statement

  • Monthly update of NVOs (Non Variable Overhead) report.

  • Monthly update of the Ecommerce P&L.

  • Biweekly reminder to the team of promotional events status

  • Support Gross to Net reconciliation process on spending (Rebates / Deductions)

  • Calculate the return on investment of promotional items that sell in our customers stores

  • Maintain customized files used for tracking sales vs quota and plans

  • Participate in key business meetings as appropriate/required

  • Support ad hoc analytics on market P&Ls and other strategic initiatives

  • Support month end closing activities by researching specific issues related to trade spending in order to complete closing explanations

  • Work on special projects as needed


Requirements

  • High school diploma or General Education Development (GED) Certification required

  • To be considered for this internship, you must be an undergraduate student with an anticipated graduation date between May/June 2025 and a GPA of 3.0 or above

  • Expectation to be in office at least 3 days per week

  • Desired Majors: Finance, Accounting, or related fields

  • Strong analytical skills

  • Superior interpersonal and communication skills

  • Project management and quantitative skills

  • Interest in a global career

  • Authorization to work in the United States for any employer required

Duration of the internship: June 2024 to June 2025


Compensation and Benefits
Salary Range $21.00 - $22.50 USD

Pay is based on multiple non-discriminatory, individualized factors including but not limited to experience, job-related knowledge and education, skills and office/market location. In addition to base salary, salaried employees are eligible for annual discretionary bonuses, profit-sharing and, for Executive-level (salary grade 16 and above) roles only, long-term incentives in the form of Restricted Stock Units and/or Stock Options.

Subject to the terms and conditions of the applicable benefits plans then in effect, all salaried employees are also eligible for a competitive benefits package which includes:

  • Insurance: Employees (and their eligible dependents) are eligible to participate in Company-sponsored Medical, Dental, Vision, Basic Life Insurance, Accidental Death & Dismemberment and Disability insurance plans.
  • Retirement Plans: Employees are eligible to enroll in Colgate's 401(k) plan, which provides for company matching contributions subject to eligibility requirements
  • Vacation/PTO: Employees receive a minimum of 15 days of vacation/PTO leave annually
  • Paid Holidays: Employees receive a minimum of 13 paid/floating holidays annually
  • Paid Sick Leave: Based on location and consistent with applicable state and local law, employees receive a minimum of 40 hours of paid sick leave on January 1st of each year
  • Paid Parental Leave: Eligible employees may take up to eight weeks of paid parental leave and 12 weeks of unpaid leave (varies for employees with fewer than 12 months of service and is subject to hours worked requirements)


Our Commitment to Sustainability
With the Colgate brand in more homes than any other, we are presented with great opportunities and new challenges as we work to integrate sustainability into all aspects of our business and create positive social impact. We are determined to position ourselves for further growth as we act on our 2025 Sustainability & Social Impact Strategy.

Our Commitment to Diversity, Equity & Inclusion
Achieving our purpose starts with our people ensuring our workforce represents the people and communities we serve and creating an environment where our people feel they belong; where we can be our authentic selves, feel treated with respect and have the support of leadership to impact the business in a meaningful way.

Equal Opportunity Employer
Colgate is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity, sexual orientation, national origin, ethnicity, age, disability, marital status, veteran status (United States positions), or any other characteristic protected by law.

Reasonable accommodation during the application process is available for persons with disabilities. Please contact Application_Accommodation@colpal.com with the subject \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\"Accommodation Request\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\" should you require accommodation.

For additional Colgate terms and conditions, please click here.

#LI-Hybrid

Position Details

POSTED:

Feb 02, 2024

EMPLOYMENT:

Full-time

SALARY:

22.5 per hour

SNAPRECRUIT ID:

S-1707363093-c2e86bf6843cda54ca9f92dcb2f8359c

LOCATION:

Minnesota United States

CITY:

Minneapolis

Job Origin:

jpick2

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No Relocation Assistance Offered
#158103 - Minneapolis, Minnesota, United States

Who We Are
Colgate-Palmolive Company is a caring, innovative growth company that is reimagining a healthier future for all people, their pets and our planet. Focused on Oral Care, Personal Care, Home Care and Pet Nutrition, we sell our products in more than 200 countries and territories under brands such as Colgate, Palmolive, elmex, hello, meridol, Sorriso, Toms of Maine, EltaMD, Filorga, Irish Spring, PCA SKIN, Protex, Sanex, Softsoap, Speed Stick, Ajax, Axion, Fabuloso, Soupline and Suavitel, as well as Hills Pet Nutrition.

We are recognized for our leadership and innovation in promoting sustainability and community wellbeing, including our achievements in decreasing plastic waste and promoting recyclability, saving water, conserving natural resources and improving childrens oral health.

If you want to work for a company that lives by their values, then give your career a reason to smile and join our global team!

Do you want to come to work with a smile and leave with one as well? In between those smiles, your day consists of connecting with others across the world, full of stimulating discussions and making impactful contributions.
If this is how you see your career, Colgate is the place to be! Our trustworthy household brands, dedicated employees, and sustainability commitments make us a company passionate about building a future to smile about for our employees, consumers, and surrounding communities. As the brand with the highest household presence in the world, we transcend physical boundaries. We win as a global organization by continually learning and collaborating. The pride in our brand fuels a workplace that encourages creative thinking, fosters experimentation and promotes authenticity which has contributed to our enduring success. If you are passionate about working for a company that lives by their values, then give your career a reason to smile...every single day.

About Colgate-Palmolive
Colgate-Palmolive is a leading global consumer products company, tightly focused on Oral Care, Personal Care, Home Care and Pet Nutrition. Colgate sells its products in over 200 countries and territories around the world under such internationally recognized brand names as Colgate, Palmolive, Mennen, Softsoap, Irish Spring, Toms of Maine, Ajax, Fabuloso, and Suavitel, as well as Hills Science Diet and Hills Prescription Diet.

About the Job
This internship is designed to provide students with practical, hands-on experience and exposure to Colgates commercial finance processes and activities while at the same time working on day-to-day activities and projects that are important to the needs of our US daily operations. During the internship, students will work on various financial activities and also have the opportunity to meet with members of our Divisional/Financial Senior Management Teams and learn about Colgate Palmolives overall business.
We are looking for candidates who show great aptitude/willingness to learn quickly on the job, demonstrate strong analytical skills, have the ability to multitask, have the flexibility to manage a variety of responsibilities that may change frequently and who can think creatively to generate ideas that will improve efficiencies in our Finance function.

The Customer Development Finance internship provides excellent exposure to Colgates Customer Development Organization and the companys key accounts. Responsibilities include, but are not limited to the following:

  • Weekly update of P&L (Profit & Loss) statement

  • Monthly update of NVOs (Non Variable Overhead) report.

  • Monthly update of the Ecommerce P&L.

  • Biweekly reminder to the team of promotional events status

  • Support Gross to Net reconciliation process on spending (Rebates / Deductions)

  • Calculate the return on investment of promotional items that sell in our customers stores

  • Maintain customized files used for tracking sales vs quota and plans

  • Participate in key business meetings as appropriate/required

  • Support ad hoc analytics on market P&Ls and other strategic initiatives

  • Support month end closing activities by researching specific issues related to trade spending in order to complete closing explanations

  • Work on special projects as needed


Requirements

  • High school diploma or General Education Development (GED) Certification required

  • To be considered for this internship, you must be an undergraduate student with an anticipated graduation date between May/June 2025 and a GPA of 3.0 or above

  • Expectation to be in office at least 3 days per week

  • Desired Majors: Finance, Accounting, or related fields

  • Strong analytical skills

  • Superior interpersonal and communication skills

  • Project management and quantitative skills

  • Interest in a global career

  • Authorization to work in the United States for any employer required

Duration of the internship: June 2024 to June 2025


Compensation and Benefits
Salary Range $21.00 - $22.50 USD

Pay is based on multiple non-discriminatory, individualized factors including but not limited to experience, job-related knowledge and education, skills and office/market location. In addition to base salary, salaried employees are eligible for annual discretionary bonuses, profit-sharing and, for Executive-level (salary grade 16 and above) roles only, long-term incentives in the form of Restricted Stock Units and/or Stock Options.

Subject to the terms and conditions of the applicable benefits plans then in effect, all salaried employees are also eligible for a competitive benefits package which includes:

  • Insurance: Employees (and their eligible dependents) are eligible to participate in Company-sponsored Medical, Dental, Vision, Basic Life Insurance, Accidental Death & Dismemberment and Disability insurance plans.
  • Retirement Plans: Employees are eligible to enroll in Colgate's 401(k) plan, which provides for company matching contributions subject to eligibility requirements
  • Vacation/PTO: Employees receive a minimum of 15 days of vacation/PTO leave annually
  • Paid Holidays: Employees receive a minimum of 13 paid/floating holidays annually
  • Paid Sick Leave: Based on location and consistent with applicable state and local law, employees receive a minimum of 40 hours of paid sick leave on January 1st of each year
  • Paid Parental Leave: Eligible employees may take up to eight weeks of paid parental leave and 12 weeks of unpaid leave (varies for employees with fewer than 12 months of service and is subject to hours worked requirements)


Our Commitment to Sustainability
With the Colgate brand in more homes than any other, we are presented with great opportunities and new challenges as we work to integrate sustainability into all aspects of our business and create positive social impact. We are determined to position ourselves for further growth as we act on our 2025 Sustainability & Social Impact Strategy.

Our Commitment to Diversity, Equity & Inclusion
Achieving our purpose starts with our people ensuring our workforce represents the people and communities we serve and creating an environment where our people feel they belong; where we can be our authentic selves, feel treated with respect and have the support of leadership to impact the business in a meaningful way.

Equal Opportunity Employer
Colgate is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity, sexual orientation, national origin, ethnicity, age, disability, marital status, veteran status (United States positions), or any other characteristic protected by law.

Reasonable accommodation during the application process is available for persons with disabilities. Please contact Application_Accommodation@colpal.com with the subject \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\"Accommodation Request\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\" should you require accommodation.

For additional Colgate terms and conditions, please click here.

#LI-Hybrid

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