Finance Intern
About R&T:
Founded in 1974, R&T Deposit Solutions is a privately held financial technology company based in New York City. A recognized leader in the administration of insured deposit programs, R&T serves over 350 banks and financial institutions with over $174* Billion in assets under administration (AUA). In 2022, with the support of Estancia Capital Management, R&T acquired Total Financial Solutions, expanding its product offerings, increasing the depth of its management team and operational capabilities. In August 2023, R&T received a strategic investment from GTCR, which acquired a 50% equity stake. The investment by GTCR in R&T is intended to further support and sustain R&T’s high rate of growth in its expanded deposit insurance programs, while also investing in further strengthening leadership, governance, risk management, and technology infrastructure.
*AUA as of 9/30/2024, includes all network and affiliated deposit balance from whom R&T is the program administrator.
Position Summary:
The Finance team seeks a highly motivated intern to support the analysis and financial reporting of R&T’s performance and to provide forecasting and budgeting across the business. The Finance team works closely with R&T senior management and investors to communicate business drivers and support strategic initiatives.
Duties and Responsibilities:
- Prepare, consolidate and analyze R&T’s financials and reporting for management, and investors
- Conduct financial analysis on firm’s business units and corporate groups to assess performance
- Gather and manipulate data to improve financial planning, and drive insights
- Manage and implement new processes/systems to build and automate reporting, planning, and analysis
- Aid in the preparation of strategic plans, forecasts, and new business analyses
- Conduct research on competitors’ performance and market conditions
- Assist with analysis and support to the CFO, management, and investors on an ad hoc basis
Qualifications and Skills:
- Currently pursuing a Bachelor's degree in Finance, Accounting, Economics, or related field with a GPA of 3.0 or higher
- Strong analytical and quantitative skills, with experience in valuation and financial modeling techniques
- Excellent attention to detail and ability to work with datasets to derive meaningful insights
- Effective communication skills, with the ability to present information in a clear and concise manner
- Prior experience or coursework in financial analysis is preferred but not required
- Detail-oriented, highly organized and strong time management
- Ability to work in a dynamic environment with multiple projects while prioritizing deliverables
- Highly motivated and intelligent, working effectively in a team environment; proactive and takes initiative
- Relationship building skills with internal and external counterparties
- Strong work ethic and passion for excellence; personal and professional integrity
- Experience in Excel, PowerPoint and Word and BI tools such as Power BI or Tableau
Internship Highlights:
- Hands-on experience in financial planning and analysis within the fintech industry
- Mentorship and guidance from experienced finance professionals
- Exposure to strategic decision-making processes and business operations
- Networking opportunities with industry leaders and professionals
- Opportunity to work at a fast-growing, private equity-backed company
R&T is an Equal Opportunity Employer. All qualified applicants will be considered for employment without regard to age, race, ethnicity, national origin, sex, gender identity, disability or medical condition, military or veteran service, citizenship or immigration status, or any other trait protected by applicable law.