Job Description
Position OverviewRedTire is a KU School of Business venture designed to enhance the economic wellbeing of Kansas and the surrounding states. The program finds the most suitably qualified candidate buyers to match with a successful small- to medium-sized business to prevent the shuttering of the business due to a lack of owner successor. RedTire assists in successfully transitioning the business to new ownership and relies on student interns during the financial analysis and valuation modelling part of the process.
The KU student analyst's first objective is to provide assistance to the RedTire Director so quality business and technical consulting assistance to RedTire clients is provided. The second objective is to provide an excellent experiential learning opportunity. The KU student intern will work ‘live real-world’ case scenarios to successfully transition a business from a retiring owner, by redefining their retirement, to a new younger owner who will acquire their business. Ideal candidates will continue in the role for multiple semesters and receive increasing wage adjustments for returning semesters, commensurate with performance.
The KU student in this position will receive the benefit of:
- Applying academic valuation techniques to a live company and learning other small business valuation techniques that are not generally taught in the academic accounting or finance classroom.
- Obtaining direct experience and insight into how the deal process works.
- Gaining valuable experience in dealing with project-related work.
Job Description
- Assist with day-to-day administration of RedTire.
- Help with leads for candidate business (sellers) and buyers for inclusion in the program.
- Extrapolate raw financial data (from tax returns and company P&L’s) into RedTire models.
- Perform business valuation analyses using established models and procedures.
- Help with industry, location, and market research initiatives.
- Other ad-hoc financial and modelling analysis duties as required.
Required Qualifications
- Basic knowledge and understanding of finance, accounting procedures and financial analysis as evidenced in application materials.
- Detail-orientated, methodical in analyzing data (like tax information), and ability to multi-task and prioritize assignments as evidenced in application materials.
- Strong interpersonal and written communication skills as evidenced in application materials.
- Completion of base-level finance and/or accounting courses to provide the theoretical background required for the job.
- Experience in MS Word & MS Excel as evidenced in application materials.
- Current KU Business student enrolled in at least 6 credit hours.
During the semester term of the appointment, the KU student hourly must be enrolled in no fewer than 6 credit hours. For summer periods the student hourly must: 1) have been enrolled in no less than 6 hours in the past spring semester or 2) be pre-enrolled in upcoming fall semester in no less than 6 hours or 3) be enrolled in summer session or 4) be admitted to study in the upcoming fall semester. Student Hourlies may be undergraduate or graduate students.
Preferred Qualifications
Business undergraduate student with finance or accounting tracks or MACC or MBA graduate student. Completion or concurrent enrollment in Finance FIN 310 or Honors Finance FIN 311.Working experience in a finance-related field from an external employer internship covering some aspects of working with financial statements and/or valuation methodologies.
Additional Candidate InstructionsSubmit the following materials:
- Online Application
- Resume
- Cover Letter
Contact Information to ApplicantsDenton Zeeman
dzeeman@ku.edu Advertised Salary RangeMinimum of $10/hourWork ScheduleFlexible; up to 20 hours weekly between 8am - 5pm, Monday - Friday during the semester; with possibility of up to 40 hours/ week during academic breaksAnticipated Start DateMonday August 19, 2024 Apply to Job
Job Tags
Hourly pay, Work experience placement, Summer work, Monday to Friday,