Financial Forecasting Accountant Internship

Job Description

Financial Forecasting Intern | LIHTC Leaders

The Tone:
This is an internship role at Novogradac, located in Cleveland, OH. Novogradac is a national certified public accounting and consulting firm specializing in real estate and community development, with extensive work in affordable housing, community development, historic preservation, and renewable energy fields. This role is crucial for preparing financial forecasts and structuring complex mixed-finance transactions, directly supporting the optimization of tax credit equity investments. By contributing to these critical analyses, you will help clients navigate intricate financial landscapes and achieve their development goals.

The TL;DR
• Role: Internship
• Type: Internship
• Location: In-person – Cleveland, OH
• Pay: $27 hourly
• Team: Under close supervision, reporting to a Supervisor or Manager.
• Mission: This role completes financial forecasting and mixed-finance transaction structuring assignments to optimize tax credit equity investments.
• Tech Stack: Microsoft Office suite (Excel), report writing tools

What You’ll Actually Do
• Financial Forecasts: Prepare financial forecasts for tax credit subsidized transactions as directed by Senior or Manager.
• Data Evaluation: Evaluate and extract financial and non-financial data from client-provided information, including letters of intent, audited financial statements, and partnership agreements.
• Investment Optimization: Consult with the Senior on ways to optimize tax credit equity investments by evaluating different ownership structures, federal and state subsidies, and debt and equity financing options.
• Documentation: Document and reference assumptions used in the financial forecasts and prepare summarized financial data reports.
• Engagement Support: Assist with accounting, audit, and tax engagements, including year-end financial statement audits, tax returns, cost certifications, and cost segregation studies.

The Must-Haves
• Background: Working toward a Bachelor’s degree, preferably in accounting, finance, or economics. This is an Entry-Level role.
• Experience: No specific prior professional experience is required for this internship; a GPA of 3.2 or higher is a must.
• Skills: Excellent verbal and written communication skills, strong attention to detail, strong organizational and follow-through skills, and strong computer skills, particularly in Microsoft Excel.
• Bonus: Ability to sit for the CPA exam or having passed sections of the CPA exam, and an exhibit of interest in developing knowledge of community development finance or other tax credit subsidized investments.