Finance Intern I/II

Advanced Acoustic Concepts, LLC, a wholly owned subsidiary Thales Defense & Security Inc., is a technical leader in the fields of sonar systems, sonar signal processing, acoustic training systems, and open architecture system and software integration. The venture focuses on emerging areas in the undersea warfare domain where the customer has identified mission-critical needs. For additional information about Advanced Acoustic Concepts, please visit our website at:http://www.aaccorp.com.

The company will have multiple openings for 2025 Summer Engineering Internships in Great River, NY.The internships will be for up to 12 weeks beginning in May through August.

Job Location: Great River, NY

Job Title:Finance Intern

Position Summary:Summer Engineering Interns will work closely with and assist finance in conducting various assignments.

Duties and Responsibilities

• Understand the Annual Operating Plan (AOP) and the Strategic Guide Plan process and help prepare program bookings, revenue, operating profit, investment and cash flow data
• Understand how job costs are collected and billed on all contract types
• Ability to work on cross-functional teams
• Establish, develop and maintain effective business relationships with internal and external customers
• Support negotiations with the government, industry prime contractors and foreign customers
• Conduct analytical studies, monitor trends and interpret the results
• Support government compliance and audit activities
• Develop an understanding of the Standards of Conduct to include: conflicts of interests; improper practices; liability and fraud
• Develop an understanding of contract design and structure to include: FFP; CPIF; CPFF; CPAF; BOA; IDIQ; Foreign Military Sale (FMS); and International Direct Commercial Sale (DCS), and, competitive and sole source procurements
• Ability to grasp generally accepted accounting principles and develop a working knowledge of the cost accounting standards (CAS) and IFRS
• Supports proposal preparations including: bid/no-bid requirements; cost estimating; pricing; RFP review; risk mitigation; and negotiation
• Develop an understanding of the source selection evaluation process to include cost and price analysis, discussions, debriefings and protest
• Program and finance: Basis of Estimate (BOE) preparation; budget preparation, reporting and management; cost & variance analysis; Earned Value Management Systems (EVMS); Estimate at Completion (EAC); cash management/working capital; forecasting; contractual reporting (CDRL, EVM, cost and pricing, C/SSR); risk management; return on investment (ROI); audit preparation and management; and program review preparation
• Support, communicate, reinforce and defend the mission, values and culture of the organization

Additional Responsibilities

• Maximize IT utilization through electronic commerce and ERP/Oracle implementation
• Emerging business operations knowledge to include: management principles; business development; HR; operations; finance; accounting; economics; and information technology
• Ability to interact effectively at all levels and across diverse cultures

Years of Experience and Education Level

• 0+ years of related experience. Working towards a Bachelor's degree or equivalent combination of education and experience.

Qualifications

• Working towards a Bachelor's degree in business, finance, accounting or related field
• Developing knowledge of the FAR, DFAR, CAS & SOX
• Ability to understand financial analysis principles and have financial analysis skills
• Strong computer skills (MS Office Suite, MS Project)

Physical Requirements:

• Lifting up to 20 lbs. up to 25% of time
• Walking: up to 25% of time
• Climbing, Bending, Standing, Stooping: up to 10% of time
• Sitting: up to 75% of time

AAC works on a 9/80 compressed schedule whereby employees work 80 hours in 2 weeks with every other Friday off.

Advanced Acoustic Concepts, LLC is committed to non-discrimination as applicable under federal and state laws.AAC is an E-Verify employer.