Finance Graduate Internship Opportunity at SGX Logistics

Are you a fresh finance graduate eager to step into the world of logistics and financial services? If so, SGX Logistics in Durban is offering an exciting opportunity tailor-made for recent graduates. This internship allows you to join their Accounts Receivable team for a comprehensive 12-month work experience program. If you’re passionate about finance and eager to learn on the job while honing your skills, this opportunity could be your perfect start.

What is the SGX Logistics Finance Internship About?

SGX Logistics is a company that operates in the fast-moving consumer goods (FMCG) sector. Their Accounts Receivable team plays a key role in managing the company’s financial health, especially the collection of payments owed by customers. This internship is aimed at graduates who want hands-on experience in finance within a dynamic and fast-paced environment.

The role offers practical experience in various aspects of financial services. Throughout the 12-month period, interns will work closely with seasoned professionals to learn about managing debtors, processing claims, reconciling accounts, and more. In this article, we’ll delve deeper into what you can expect from this opportunity, the skills and qualifications required, and why this could be an excellent stepping stone for your career.

Key Responsibilities of the Finance Intern

As a finance intern at SGX Logistics, you will be involved in several critical areas of the company’s financial operations. Here’s a closer look at what your daily tasks and responsibilities will include:

1. Debtor Account Management

You’ll manage various aspects of debtor accounts, ensuring that all payments are tracked and processed correctly. This includes working with customer remittances and reconciling accounts to ensure they balance.

2. Claims Processing

You’ll be responsible for processing claims, ensuring that all claims are properly investigated, and authorized where necessary. This requires a keen eye for detail, as accuracy is key when handling claims in financial services.

3. Allocating Remittances and Reconciling Accounts

You will learn how to allocate customer payments (remittances) and reconcile them with outstanding invoices. This is crucial in ensuring the company’s financial records are accurate and up to date.

4. Query Resolution

As an intern, you will deal with customer queries about their accounts, ensuring that any issues are addressed promptly and accurately. This will develop your problem-solving skills and allow you to engage directly with stakeholders.

5. Liaison with Stakeholders

Throughout your internship, you’ll liaise with internal and external stakeholders, including customers and other departments within the company. This will enhance your communication and interpersonal skills, which are essential in any finance role.

6. Innovative Problem-Solving and Process Improvement

SGX Logistics encourages interns to think creatively and seek ways to improve existing processes. You’ll have the opportunity to propose ideas that could streamline operations and improve efficiency in the accounts receivable function.

What Skills and Qualifications Are Required?

SGX Logistics is looking for motivated individuals who meet the following requirements:

Proficiency in Excel: As a finance graduate, you should be comfortable working with spreadsheets. Excel is a powerful tool in managing financial data, and you’ll use it frequently in this role.
Strong Communication Skills: You’ll need to communicate effectively with both colleagues and external stakeholders. Whether you’re responding to queries or collaborating with team members, clear and concise communication is vital.
Attention to Detail and Organization: Managing accounts requires a high level of accuracy, especially when reconciling payments and processing claims. Good organizational skills will help you manage multiple tasks efficiently.
Problem-Solving Abilities: The role involves dealing with claims, resolving queries, and improving processes. Strong analytical and problem-solving skills will help you succeed in these tasks.
Professionalism and Integrity: Since you’ll be handling financial information, professionalism and the ability to maintain confidentiality are crucial.
Willingness to Learn: SGX Logistics values interns who are eager to learn and take the initiative to grow their skill set. The internship will expose you to various aspects of the business, so adaptability and a proactive attitude will help you make the most of this opportunity.

Who Can Apply?

SGX Logistics welcomes applications from recent finance graduates who meet the following criteria:

You must have completed a commercial degree or diploma in a relevant field, such as finance or accounting.
No prior work experience is necessary—this internship is designed to give you the experience you need to kickstart your career.
You must be a South African citizen or have a valid work permit.
You must be able to commit to the full 12-month program. This internship is a fixed-term contract with the possibility of applying for permanent roles that may become available during your internship.

Why Choose SGX Logistics for Your Internship?

Internships are a great way to gain practical experience in your chosen field, but not all internships are created equal. Here’s why SGX Logistics stands out:

Structured Learning: The 12-month program is designed to give you a complete understanding of the accounts receivable function. You’ll gain hands-on experience in areas that are vital to any finance professional.
Mentorship and Growth: Throughout your internship, you’ll work alongside experienced professionals who will mentor you and help you develop your skills. You’ll also be exposed to different facets of the business, giving you a well-rounded experience.
Real-World Experience: By working on actual accounts and claims, you’ll get real-world experience that can’t be replicated in a classroom. You’ll also be encouraged to contribute ideas and suggest process improvements.
Career Opportunities: While the internship doesn’t guarantee permanent employment, SGX Logistics encourages its interns to apply for any internal job openings that arise during the internship. Interns are considered alongside other internal and external candidates for these roles.

What You’ll Earn

Internships are often viewed as stepping stones to a permanent position, and as such, remuneration may not be as high as full-time roles. However, SGX Logistics offers a monthly stipend of R4,700 to help cover your living expenses during the 12-month period. This is a great opportunity for recent graduates to gain valuable experience while earning a stipend to support their day-to-day needs.

How to Apply

If you’re interested in applying for this exciting opportunity, you should prepare a compelling application that highlights your relevant skills and why you’re eager to join SGX Logistics. Ensure your CV is up to date and reflects your educational background and any relevant projects or coursework.

Apply now

Although the application process specifics were not detailed in the job post, it’s advisable to reach out via SGX Logistics’ official website or through job portals to submit your application. Be sure to follow up on the application status and demonstrate your enthusiasm during any interviews.

SGX Logistics’ finance internship offers more than just work experience—it’s a platform for growth, learning, and career development. By joining their Accounts Receivable team, you’ll gain invaluable hands-on experience in the world of financial services while working within the fast-paced FMCG industry.

If you’re a driven, eager graduate looking to make your mark in the finance sector, don’t miss out on this opportunity! Apply today and take the first step towards a promising career in finance.

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