Controlling Woodcliff Lake, New Jersey, NJ 21.11.2024

Intern, Financial Operations and Business Analytics

BMW Financial Services NA, LLC was established in 1993, supporting the sales and marketing of BMW products. Subsequently, we have expanded beyond the leasing, retail and commercial financing of a traditional captive-finance company offering a broad variety of products tailored for the BMW, MINI and Rolls-Royce customer. Be a part of our exciting growth by expressing an interest in our Intern, Financial Operations and Business Analytics position located in Woodcliff Lake, NJ.

Description

 

This is a full-time internship position for our Spring Rotation, from March 24th, 2025 through September 19, 2025 in Woodcliff Lake, NJ.

The internship will provide exposure to various aspects of financial reporting, controlling, and accounting within a global automotive finance organization. The intern will have the opportunity to develop skills in:

  • Data analysis

  • Financial Reporting and Controlling

  • Regulatory compliance

  • Cross-functional collaboration

The key focus areas of the internship include developing competencies in financial analysis, data management, process optimization, risk management, internal controls, and business intelligence. The intern will gain hands-on experience working across different functions and collaborating with stakeholders to support the organization's financial operations and strategic decision-making.


Key Responsibilities:

  • Assist in the coordination, preparation, and submission of monthly, quarterly, and annual financial reporting for various BMW Group companies

  • Help prepare monthly general ledger account reconciliations and provide support for tax planning

  • Help administer ABS servicing for active transactions, including preparing and distributing monthly reports

  • Liaise and collaborate with internal and external stakeholders to provide necessary analyses and supporting materials

  • Monitor and analyze transaction performance and support SEC compliance and external audit requirements

  • Validate risk costs and parameters, assess appropriateness, and reconcile variances

  • Support the preparation of regular and ad-hoc risk reporting for internal and external stakeholders

  • Help analyze and critically review risk models and parameters developed by the Risk Management team

  • Assist in maintaining and enhancing the control environment in compliance with BMW Group guidelines

  • Collaborate cross-geographically to design and implement internal control systems for new processes and systems

  • Assist with in-depth analysis of monthly performance trends, target achievement, and variance analysis

  • Perform advanced analytics using tools like Tableau and SAS to support new business, portfolio, and terminations analysis

  • Contribute to the implementation of a streamlined reporting process that leverages high-quality data and powerful BI tools

  • Participate in data quality assessments, identify, and receive data quality issues, and assist in prioritizing improvements

  • Gather, analyze, and interpret data to solve business problems and support decision-making

  • Opportunity to contribute to two key IT transformation projects underway within the organization

 

Requirements:

  • Currently enrolled in a bachelor or master’s degree program at an accredited college or university 

  • Possess a minimum cumulative GPA of 3.0 (not just in major)

  • Have completed at least 30 college credit hours at time of application 

  • Field of study: Finance, Business Analytics, or a related field

  • Must attach a copy of college unofficial transcript

  • Ability to work full-time (40 hours/week)

  • Prior BMW Group experience (applicable to international J1 students only)

  • Relevant coursework or prior internship experience in finance, accounting, or data analysis

  • Proficient in Microsoft Office suite, particularly Excel, PowerPoint, and Word

  • Experience with data visualization tools (e.g., Tableau, Power BI) and creating impactful dashboards and reports

  • Familiarity with financial reporting and accounting software (e.g., SAP, Oracle Financials)

  • Basic understanding of programming languages (e.g., Python, SQL) for data extraction, manipulation, and analysis

  • Knowledge of financial modeling and forecasting techniques

  • Strong analytical and critical thinking abilities to identify trends, patterns, and insights from data

  • Aptitude for financial analysis, including variance analysis, cost analysis, and performance tracking

  • Excellent written and verbal communication skills to effectively present findings and recommendations

  • Collaboration skills to work cross-functionally with various stakeholders, both internally and externally 

 

Join the BMW North America team and enjoy a high-performance Total Rewards package that may include:

  • Medical Insurance

    • All with options for $0 Employee contribution

  • Paid Time Off in addition to Company paid holidays where eligible

  • Hybrid work environment

  • Intern Vehicle Lease Program

 

The hourly rate for Undergraduate students is $25.30

The hourly rate for Graduate students is $32.20


The selected student's academic level will be used to determine the final pay rate. This statement is in accordance with state and local pay disclosure requirements. 

Even more so than the generous compensation and benefits, the culture and values of Shared Services make it the ultimate working environment. These values are Responsibility, Appreciation, Transparency, Trust, and Openness. We allow these values to guide the way we conduct ourselves and our business.

At BMW, we are driven by diversity, equity, and inclusion. We are proud to be an Equal Opportunity Employer and are welcoming of all individuals, regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.

Intern, Financial Operations and Business Analytics
20241121
Automotive
Woodcliff Lake, New Jersey, NJ
United States
Legal Entity:
BMW Financial Services, US
BMW Group
Location:
Woodcliff Lake, New Jersey, NJ
Job Field:
Controlling
Job Id:
146345
Publication Date:
21.11.2024
Internship
FullTime
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