Rosebank College Finance Internship: A Comprehensive Overview
Introduction
Rosebank College, a prominent institution within South Africa’s educational landscape, is offering an exciting internship opportunity in its Finance Department. As a leading provider of private higher education, Rosebank College, part of the Independent Institute of Education (The IIE), has established itself as a cornerstone of academic excellence and innovation. The Finance Intern role promises to be a gateway for aspiring finance professionals to gain valuable experience in a dynamic and supportive environment.
Institution Overview
Rosebank College, affiliated with The IIE, has been a significant player in South Africa’s educational sector for over 70 years. With its primary focus on delivering high-quality tertiary education, the college has grown significantly, serving over 20,000 students across the country. The institution’s vibrant and bustling environment reflects its commitment to providing a comprehensive and engaging educational experience. As it continues to expand, Rosebank College is creating unique opportunities for individuals who are passionate about finance and eager to contribute to the institution’s success.
Internship Details
Job Title: Finance Intern
Location: Rosebank College Central Support Office, Johannesburg, Gauteng
Division: Finance
Company Industry: Education Management
Functional Area: Finance
Posted Date: 30 August 2024
Closing Date: 30 September 2024
Job Purpose
The primary objective of the Finance Intern role is to assist with the financial processing of transactions, ensuring adherence to required controls and accounting principles. This role is integral to maintaining the accuracy and efficiency of the college’s financial operations.
Duties and Responsibilities
As a Finance Intern, the selected candidate will be responsible for a variety of tasks within different areas of finance:
1. Creditors
- Daily Processing of Purchase Orders: Interns will handle the daily entry and management of purchase orders, ensuring that all transactions are recorded accurately.
- Daily Processing of Supplier Invoices: They will be tasked with processing invoices from suppliers, which includes verifying amounts and ensuring proper documentation.
- Loading of Supplier Banking Details: Interns will input supplier banking information for payment approvals, ensuring accuracy and compliance with institutional policies.
- Processing of Corporate Credit Transactions: They will manage credit transactions related to corporate purchases and payments.
- Preparing Payment Reconciliations: Interns will prepare daily or monthly reconciliations of payments, which involves comparing records to ensure accuracy.
- Processing of Petty Cash Transactions: They will handle petty cash transactions, including recording and reconciling small expenditures.
- Assisting in BEE Certificate Collection: Interns will help gather and update BEE (Black Economic Empowerment) certificates, which are crucial for supplier compliance.
- Updating the Supplier Database: They will assist in maintaining and updating the supplier database to ensure it reflects current and accurate information.
2. Fixed Assets
- Acquisition of Assets on D365: Interns will be involved in the process of acquiring assets using the D365 financial management system.
- Disposal of Assets on D365: They will also handle the disposal of assets, ensuring that all transactions are accurately recorded.
3. Debtors
- Assisting with Unidentified Receipt Queries: Interns will help resolve issues related to unidentified receipts
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