Financial Operations Internship, May 2024 Start
- This is a role for May 2024 start.
- This is a hybrid role: Mo-Thur in the office.
Shopping for home is often overwhelming. Wayfair is an extreme case - it’s visited by two million people daily, shopping across more than 10 million products: Home furnishings, décor, home improvement, housewares, and more. We work hard to conceal the complexity of this experience.
Every customer should come away feeling like they’ve found the perfect item for them. Shopping for the home should be exciting, and we’re the team that makes that happen. The team is responsible for liaising with suppliers & internal stakeholders, such as category managers and supplier operations to ensure that all invoices are compliant, good quality and processed for payment. To ensure a seamless customer experience, the team handles payments to suppliers to ensure that orders are being processed and are ready to be delivered to our customers. Due to an in-house built system, the team can consistently implement new enhancements and updates.
Who we are
Our Global Finance Operations team is responsible for the core day to day financial activities that drive the business for our Customers, Suppliers and our Freight network. This group is responsible for the timely and accurate processing of orders, invoices, billing and payments including month end and all stakeholder support. This function is key to the overall success of the operations.
Being an Intern in Wayfair’s Finance team
As an intern, you will be assigned a dedicated mentor, who along with the wider finance team will ensure you are extensively trained and professionally developed so that you can meaningfully support our experienced team with a variety of day to day tasks, as well as project work. While we expect that there will be concentration in areas such as accounts payable, accounts receivable, accruals and audits, we will ensure that you are afforded exposure to all aspects of our core processes and systems to gain an understanding of all elements of the group’s functions.
Here is some information on what you may do depending on which team you join through supporting one or more of our financial teams with their work.
Financial Operations Intern
- Work in close collaboration with direct teams onshore and offshore
- Assist and Support various Accounts Payable or Accounts Receivable processes either in the Product or Non-Product teams
- Research and resolve invoice/billing discrepancies
- Assist in the preparation of daily payment runs via bank transfer
- Monthly reconciliations of supplier/carrier accounts
- Assist with Billing, Collections and Cash Application
- Manage core data changes in system
- Research and resolve invoice discrepancies and issues
- Monitor processes for accuracy - [discounts, allowances, rebates, pay terms]
- Correspond with Suppliers/Carriers and respond within agreed SLA’s
- Support month end process and assist as needed
What You'll Need
- Excellent interpersonal skills and team player
- Excellent documentation and communication skills; fluent in English, written and verbal
- Experience with MS Office, with excellent knowledge of Excel;
- Pragmatic approach to problem-solving.
- Experience with automation scripting is an advantage (Excel VBA or Python or R).
- Ability to identify the most efficient ways to complete assigned tasks.
- Desire to always learn, and a collaborative team-player attitude.
- Knowledge & experience of Excel Data Model, Power Query advantageous.
- Previous experience in accounting, financial modeling is an advantage but not essential.
- Bachelor’s Degree, preferably in Business or Finance;
- Exceptional attention to detail
- Self-motivated individual
- Passionate about your work and always aiming to improve processes;
- An ability to manage multiple priorities and ensure that deadlines are consistently met;
Assistance for Individuals with Disabilities
Wayfair is fully committed to providing equal opportunities for all individuals, including individuals with disabilities. As part of this commitment, Wayfair will make reasonable accommodations to the known physical or mental limitations of qualified individuals with disabilities, unless doing so would impose an undue hardship on business operations. If you require a reasonable accommodation to participate in the job application or interview process, please let us know by completing our Accomodations for Applicants form.
Need Assistance?
For more information about applying for a career at Wayfair, visit our FAQ page here.About Wayfair Inc.Wayfair is one of the world’s largest online destinations for the home. Whether you work in our global headquarters in Boston or Berlin, or in our warehouses or offices throughout the world, we’re reinventing the way people shop for their homes. Through our commitment to industry-leading technology and creative problem-solving, we are confident that Wayfair will be home to the most rewarding work of your career. If you’re looking for rapid growth, constant learning, and dynamic challenges, then you’ll find that amazing career opportunities are knocking.
No matter who you are, Wayfair is a place you can call home. We’re a community of innovators, risk-takers, and trailblazers who celebrate our differences, and know that our unique perspectives make us stronger, smarter, and well-positioned for success. We value and rely on the collective voices of our employees, customers, community, and suppliers to help guide us as we build a better Wayfair – and world – for all. Every voice, every perspective matters. That’s why we’re proud to be an equal opportunity employer. We do not discriminate on the basis of race, color, ethnicity, ancestry, religion, sex, national origin, sexual orientation, age, citizenship status, marital status, disability, gender identity, gender expression, veteran status, genetic information, or any other legally protected characteristic.
We are interested in retaining your data for a period of 12 months to consider you for suitable positions within Wayfair. Your personal data is processed in accordance with our Candidate Privacy Notice (which can found here: https://www.wayfair.com/careers/privacy). If you have any questions regarding our processing of your personal data, please contact us at dataprotectionofficer@wayfair.com. If you would rather not have us retain your data please contact us anytime at dataprotectionofficer@wayfair.com.