Corporate Finance Intern, International Tax (Jun 2024)

About Colgate Palmolive

Colgate-Palmolive is a global consumer goods company renowned for its oral care, personal care, and household products. With a history spanning over two centuries, the company has consistently delivered innovative solutions for maintaining hygiene and well-being. Colgate-Palmolive's commitment to sustainability and community engagement underscores its status as a leader in the fast-moving consumer goods industry.

Your role

About the role:

As an international tax intern, you will be exposed to meaningful projects and will receive significant exposure to Management and their overall business. If you are interested in international tax and using data technologies, the Corporate Tax group offers a great challenge and a tremendous opportunity for professional development.

The International Tax Reporting Group gathers financial information from over 200 international subsidiaries and branches, computes US tax attributes, and prepares tax returns as well as computes the quarterly tax provision relating to the international operations. This experience will introduce the selected candidate to the exciting arena of international tax and global finance.

The qualified candidate will be able to work in New York full-time from June through August.

Responsibilities:

• Collect, reconcile, and process foreign income tax returns and financial statements to submit as evidence to claim the annual US foreign tax credit.
• Prepare financial analyses such as depreciation schedules, foreign exchange rate spreadsheets, and profit and loss statements for tax-related purposes.
• Perform variance analyses for several worldwide Colgate subsidiaries to identify changes between quarterly projections.
• Collect detailed financial and tax information submitted by Colgate's foreign subsidiaries; process information received, set up and prepare computations for earnings and profit and taxable income computations, every quarter and during the tax return process.
• Assist in gathering and setting up computations of deferred tax assets relating to branch fixed assets.
• Assist in gathering information for building data-intensive spreadsheets for special projects.
• Work on an Action Learning Project (ALP) to be assigned at the beginning of the internship and present results at the end of the internship.

Training & development

At Colgate-Palmolive, interns embark on a transformative journey, diving into immersive, hands-on projects across diverse functions, from marketing to technology, under the mentorship of industry veterans. This experience is enriched with tailored workshops and networking events, designed to nurture professional growth and innovation. Here, interns not only contribute to real-world solutions but also carve their paths in a global community committed to caring and collaboration.

Salary & benefits

The salary for the role will range from $21.00 to $22.50 per hour.

If you join as a full-time employee, you will get the following benefits:

• A Wide Range of Medical Insurance Options (EPO, PPO, and High Deductible Health Plan (HDHP) options)
• Generous 401(k) savings plan
• Free financial planning and financial education
• Generous Paid Time Off (PTO) and Paid Sick Time 
• Paid Holidays (and flex holidays)
• Summer Hours (varies by location and role)  
• Flexible hybrid work offerings based on role
• Learning Fridays company-wide initiative, etc.

Career progression

Colgate's internship journey fuels personal growth via immersive experiences, dynamic mentorship, and real-world challenges. This holistic approach nurtures skills, drives innovation, and paves pathways to potential full-time roles within the globally acclaimed company, while gained expertise acts as a gateway to diverse future career prospects.

Work-life balance

Colgate-Palmolive values work-life balance as a cornerstone of its corporate culture, fostering an environment where employees thrive both personally and professionally. Through flexible schedules, wellness initiatives, and supportive management, it empowers its workforce to achieve harmony between their careers and personal lives, nurturing a vibrant and fulfilling work experience.

Culture & vibe

Colgate-Palmolive thrives as a dynamic hub where innovation and tradition blend seamlessly. The atmosphere exudes collaborative energy, echoing the company's commitment to teamwork and creativity. From the sleek modern offices to the vibrant interactions, they cultivate a culture where passion for consumer well-being drives every aspect of their global endeavors.

About you

Qualifications:

• Current Sophomore, Junior, or Senior-yearend pursuing an Accounting, Tax, or Finance undergraduate degree.
• Current minimum GPA of 3.0 or higher.
• Satisfactory computer skills, particularly in Microsoft Excel.
• Excellent organizational skills are required.
• Meticulousness with numbers and accuracy.
• Ability to work effectively in teams.

Sources

The following sources were used in researching this page:

• jobs.colgate.com
• colgatepalmolive.com/en-us/who-we-are/stories/working-at-colgate-palmolive
• youtube.com/@colgatepalmolive