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Contracts to Cash Finance Intern (Summer 2020)

Plano, Texas

Overview

Powerful Careers – Legendary Innovations. Raytheon offers a wealth of opportunities for your future and beyond. Bring your talent and skills to a company where challenging the status quo and innovative thinking is encouraged. Our recent college graduate and internship/co-op opportunities allow you to put your academic achievements to work. You'll be presented with opportunities that have an immediate impact on who we are and our presence in a global industry.

  • diversity &
    inclusion
  • talent
    development
  • community service
    /corporate responsibility
  • 9 employee
    resource groups
  • Glassdoor 2017 Best Places to Interview: Candidate's Choice
  • CollegeGrad.com

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Success Profile

What does it take to be successful at Raytheon? Check out these traits to see if you have the right mix.

Addtional Traits

  • Adaptable
  • Challenge Status Quo
  • Communication Skills
  • Eager to Learn
  • Emotional Intelligence
  • Influential
  • Innovative
  • Leadership Traits
  • Problem Solver
  • Team Player

We hire people who want to make the world a safer place.

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Quote

It’s fun. The work we do is exciting. The growth has been positive. The opportunities have been abundant. There’s a lot of potential in the company, and I’ve experienced it firsthand.

– Alfonso Lopez, Engineer

Rewards

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Responsibilities

The Contracts to Cash (CTC) department within Raytheon’s Global Business Services (GBS), is seeking a Finance Summer Intern. Contracts to Cash seeks to maximize cash performance from point of contract award through final invoicing. This role is an excellent opportunity to learn about Raytheon’s financial systems and practices.
The responsibilities include assisting with the following, but not limited to:
  • Customer (e.g. Army, Air Force, Navy) contract terms and how they impact setup, shipments to the Warfighter, and customer invoicing
  • Understanding end-to-end CTC processes of various types of government, commercial, and foreign contracts
  • Analysis of invoicing/cash receipts in SAP and reconciliation of any variance with customer system (MOCAS)
  • Communicate across CTC functions and Program Offices to resolve variances such as: unpaid items, cash on account, short pays, contractual and shipment discrepancies
  • Understand contractual terms in relation to invoicing / cash application and the impact to financial reporting (SAP and BW)
  • Learn FAR, DFAR, and CAS regulations that are applicable to government financing
  • Perform account reconciliations and process correcting entries
US Citizenship Required: This position requires access to systems/tools that are restricted to individuals who possess US citizenship.

Required Skills and Education:
  • Candidate must be in/entering their Junior or Senior (60+ credit hours) and actively enrolled in Bachelor’s degree program with an emphasis in finance, accounting or business related field. Please upload a copy of your most recent transcript.
  • Experience in MS Excel, PowerPoint and Word
  • Strong communication skills
Desired Skills:
  • 3.2 Cumulative GPA
  • Previous internship or co-op experience in a related field
  • Experience with current financial software tools and understanding of related applications.
  • Experience with pivot tables, formulas and macros
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Raytheon is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, disability, or protected Veteran status.

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