Finance Intern

The Company:

Our mission is to make education affordable by helping institutions increase alumni giving. The idea started with our founders’ own struggles with inadequate scholarship opportunities available to support their classmates. Watch this TEDx talk from Kalyan to learn more.

We are a bootstrapped company that has grown to be a leader in the alumni software space in the US. We’re slated for even faster growth on the path to becoming market leaders through a unique strategic partnership with Blackbaud (read more here & here)

Our customers are universities and high schools, and in most cases, we’re working with staff in these institutions’ alumni relations and fundraising offices. The value prop for them at a high level is simple - “Engage more alumni and raise more money from them.” 90%+ % of our customers are currently from the US, but we’re expanding to the UK and Canada in 2023, so we’ll start seeing more customer regions. Our team is based in India and the USA. The India team is based in Bangalore, and the US team is remote.

The Opportunity:

Almabase is currently seeking a Finance Intern in Bangalore, India. If you join in this role, you will report to the Senior Financial Analyst and will involve collaboration with an outsourced accounting firm. The internship is for a period of 6 months, with the possibility of converting to a full time job role, to provide comprehensive support in various financial areas, including accounts receivable, accounts payable, financial operations, and compliance.

In this position, you will ensure the smooth functioning of our financial processes and contribute to the overall financial health of the organization.

Almabase is highly regarded as an employee-centric company with one of the highest Glassdoor ratings in Bangalore (check it out here). Your learning opportunity is unparalleled as long as you are willing to stay curious and work towards your goals.

Responsibilities:

• Oversee accounts receivable activities, including billing, collections, and customer account reconciliations, to optimize cash flow and minimize delinquencies.

• Assist with the management of accounts payable processes, including invoice processing, vendor payments, and reconciliations, ensuring timely and accurate payments.

• Support financial operations by assisting in budgeting, forecasting, and variance analysis to identify opportunities for cost optimization and revenue enhancement.

• Assist in the preparation of all financial and tax compliance-related documents.

• Review existing processes and propose ideas to improve efficiency and effectiveness.

• Provide ad-hoc financial support and analysis as needed to support strategic initiatives and decision-making processes.

Work Timings:

You are expected to work from 10:30 AM - 6:30 PM (IST)

Requirements:

• Completed Bachelor’s degree in Accounting, Finance, or related field.

• 0-1 years of professional experience in finance or accounting roles, with a focus on accounts payable, accounts receivable, and financial operations.

• Strong understanding of India and US GAAP accounting principles and procedures.

• Effective communication and interpersonal skills, with the ability to collaborate across departments and interact confidently with stakeholders at all levels.

What Does Your 6 Months Look Like at Almabase?

Month 1:

• During the first month, you will undergo a comprehensive onboarding process to familiarize yourself with Almabase’s culture, values, and operations.

• You will be introduced to the team, outsourced consultants, and have the opportunity to understand the expectations and goals.

• Gain a deep understanding of Almabase’s financial systems, including QuickBooks, and become proficient in using necessary tools for financial analysis and reporting.

• Collaborate with various departments, such as sales, customer service, to learn about their roles and how finance supports their functions.

• Begin taking ownership of specific tasks such as assisting with AR and AP processes.

By Month 3:

• By the third month, you will have established a strong foundation in your role and have a solid understanding of Almabase’s financial operations.

• Work closely with the accounting partner to understand the processes and assist in preparing the financial and tax compliance documents.

• Take ownership of the entire order-to-collection process, ensuring US Sales Tax compliance, and effective collections optimizing cashflows.

• Understand the SaaS business metrics and contribute to the maintenance of a SaaS metrics dashboard.

• Actively identify areas for process improvement and propose innovative solutions to drive efficiency and accuracy in financial systems.

By Month 6:

• At the six-month mark, you will have developed a strong rapport with the team and gained confidence in your role.

• Assist in preparation of reports on financial performance, including monthly financials.

• Actively contribute to identifying opportunities for cost optimization and implementing strategies to reduce unnecessary expenses.

• Continuously drive data accuracy and integrity across financial systems, utilizing your attention to detail and data-driven approach.

• Contribute to Almabase’s growth by leveraging your expertise and knowledge of GAAP accounting principles and SaaS business models.

Benefits:

This is what our team members enjoy the most at Almabase:

• Strong Culture: We have a culture that we’re proud of. Read more on how our team feels about the company on Glassdoor (here). When you work at Almabase you get to work with amazing people that will help you grow to become the best version of yourself.

• Transparency & Trust: An environment that trusts each individual’s ability and creativity to achieve the best outcome for the team. High levels of transparency to help you get exposure to what’s happening across the business.

• Excellent Salary & Equity: Besides competitive salaries, our top performers and leaders get stock options. As Almabase grows, you’ll have a real opportunity to create wealth for yourself and your family.

• More than work: One big secret to our success (shhh… this is just between us) is finding the balance between work and play. We have plenty of activities throughout the year that help build esprit de corps, such as intense cricket/football/basketball matches or fun-filled music/dance/trivia/game nights.

• Food & Snacks: You’ll never have to worry about hunger pangs. We provide tasty, home-cooked food and snacks at all times of the day.

• Health insurance: We offer health insurance for you and your dependents.

• Mental Health is a Priority: Unlimited therapy sessions and mental health support to help you feel better, get better, and stay better.

• Unlimited leaves and flexible work hours: There is no ceiling on leaves or restraint on working hours. Our only policy is that you use your good judgment.

• The comfort of home: On a tiring day, whether you want to take a break in bed, jog, shower at work, or play your hearts out on PS5, you can do it all at Almabase.

This role offers a chance to make a significant impact as we grow. If you’re passionate about building scalable, reliable systems and eager to be part of a dynamic team, apply now!