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Allocation Intern Jobs in Baltimore, MD (NOW HIRING)

DUIT

Finance/Bookkeeping SkillBridge Internship

Baltimore, MD · On-site

$17.25 - $22.75/hr

We have an opening for a Finance/Bookkeeping SkillBridge intern in our office headquarters. Davis ... Incurred Cost Allocation (ICA) * Work with Controller to Create and Review Reports * Attend ...

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Allocation Intern information

What is an allocation intern?

An allocation intern is a role within a company where the intern assists in distributing resources, products, or funds across departments or locations. The position often involves data analysis, using tools like Excel or specialized software, and supports inventory management or financial planning tasks. It typically requires strong organizational skills and attention to detail.

What are the key skills and qualifications needed to thrive as an allocation intern, and why are they important?

To thrive as an Allocation Intern, you typically need strong analytical skills, attention to detail, and a background in business, supply chain management, or a related field. Familiarity with inventory management systems, Microsoft Excel, and data analysis tools is often required. Effective communication, time management, and adaptability are important soft skills for collaborating with teams and responding to shifting priorities. These skills ensure accurate inventory allocation and support efficient merchandise distribution, which are critical for meeting business goals.

What is the difference between Allocation Intern vs Supply Chain Intern?

AspectAllocation Intern

Credential RequirementsTypically requires a bachelor's degree in business, logistics, or related fields.
Work EnvironmentWorks within logistics, inventory management, and distribution teams.
Employer & Industry UsageCommonly used in retail, manufacturing, and distribution companies.
Comparison Search IntentOften compared due to overlapping logistics and inventory responsibilities.

The Allocation Intern focuses on distributing inventory efficiently within a company, often working closely with logistics and inventory teams. The Supply Chain Intern has a broader scope, covering procurement, logistics, and overall supply chain management. While both roles require similar educational backgrounds and are found in similar industries, the Allocation Intern specializes more in inventory allocation, whereas the Supply Chain Intern handles end-to-end supply chain processes.

What are some common challenges an allocation intern may face when learning to manage inventory levels across multiple locations?

As an Allocation Intern, one of the main challenges is quickly understanding how to balance inventory between stores with varying sales trends, customer preferences, and seasonal fluctuations. You may also encounter difficulties with analyzing large data sets and responding to sudden shifts in demand. However, working closely with allocation analysts and planners provides valuable guidance, and many companies offer training on internal systems and forecasting tools to help interns develop these critical skills.

What does an allocation intern do?

An Allocation Intern supports the allocation team by assisting with inventory distribution and stock management across different stores or locations. They analyze sales data, monitor inventory levels, and help ensure that products are placed where they are most likely to sell. This role often involves working with spreadsheets, learning inventory systems, and collaborating with buyers and planners to optimize stock levels and minimize overstock or stockouts. Allocation Interns gain valuable experience in retail operations, data analysis, and supply chain processes.
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Allocation Intern jobs near you

Finance/Bookkeeping SkillBridge Internship

DUIT

Baltimore, MD • On-site

$17.25 - $22.75/hr

Full-time

Posted 5 days ago

Job description

One of Inc 5000's fastest growing companies, come join us!  Our work environment is limitless, you matter to us, your great work will be recognized, and there are many opportunities for advancement. Davis Unlimited Information Technologies, Inc (DUIT) wants you! We have an opening for a Finance/Bookkeeping SkillBridge intern in our office headquarters. 


Davis Unlimited Information Technologies (DUIT)'s SkillBridge program is developed so the Service member not only obtain Industry skill sets, but also the skill sets required to meet customer's needs after completion of the SkillBridge program. We are looking to not only have the service member gain industry knowledge but also the knowledge required to employ them upon completion. 


The Path

At our headquarters office in Maryland, we will assist retiring or transitioning Military Service members. DUIT has developed extensive SkillBridge job training and career development programs in the following career fields to enhance the opportunities for separating Service members:

  • Program Manager
  • Program Integrator
  • Hardware Technician
  • Acquisition Professional
  • Network Engineer
  • Software Engineer
  • Cybersecurity Engineering
  • IT Staffing​


All Applicants must have the following: approval from command and able to follow training plan requirements . All information provided is subject to verification. 


What You Will Get to Do:


  • Revenue & Receivables
    • Creates Government Estimates in QuickBooks
    • Compares Prime Contractor Time Report to Vendor tool 
    • Creates Government Time & Material Invoices 
    • Creates Government Fixed Price Invoices
    • Applies Customer Payments
    • Sends Weekly Accounts Receivable Report
    • Sends Customer Statements for Past Due Balances
    • Document Processes
  • Payables
    • Records Subcontractor Bills in Vendor tool
    • Records COS Vendor Payables in Vendor tool
    • Records G&A Vendor Payables in Vendor tool
    • Uses Tool for Reimbursable Expense Reports 
    • Uses Tool for Credit Card Activity
    • Sends Weekly Accounts Payable Report 
    • Processes Vendor Payments through Vendor tool
    • Records Manual Bill Payments in Vendor tool
    • Tracks Vendor W-9's
    • Document Processes
  • Other Duties
    • Uploads and Remits Retirement Contributions Job Cost Payroll in QuickBooks
    • As Needed/Daily Bank Updates
    • As Needed/Weekly Credit Card Updates Monthly Bank & Credit Card Reconciliations
    • Refines Financial Processes
    • Maintains Employee Information in QuickBooks 
    • As Needed/Daily Bank Updates
    • As Needed/Weekly Credit Card Updates 
    • Monthly Bank & Credit Card Reconciliations Track as Prepaid Expenses
    • Tracks Fixed Assets & Record Monthly Depreciation 
    • Use Tax Tracking and Filing
    • Accrued Expenses
    • Accrued Payroll
    • Loans, Lines of Credit & Capital Leases 
    • Reconciliation Suspense Tracking for Open Items
    • Meetings with Accounting Specialist
    • Provide QuickBooks files to prepare for Month End Closing Preparation by Accounting Specialist 
    • Attend and support Month End Closing Review by Controller and Tax professional if needed 
    • Save Monthly Financial Reports Package Revenue, COS & Payroll by Customer Job to share drive
    • Monthly Consultation with Controller Year End Tax Liaison
    • Provide owners and COS Access to QuickBooks Files
    • Weekly Flash Report
    • Financial Dashboard & Financial Reporting Company Forecast and Budget - One Year
    • Document, Review and Revise Financial and Accounting Processes
  • Incurred Cost Allocation (ICA)
    • Work with Controller to Create and Review Reports
    • Attend Controller Meetings with Owner to Review Reports
    • Reconciliation of ICA to QuickBooks
    • Work with Controller to Reconcile ICA Tool to QuickBooks 
    • Work with Controller to Prepare BackLog Report

Qualifications You Will Bring:

  • Must be a retiring or transitioning Military Service member
  • Bachelor's degree in a related field, such as business, economics, or accounting with related years of experience in a financial or accounting role.
  • A superior work ethic and attention to detail with a focus on customer satisfaction. 
  • Ability to work in a team environment with changing demands and timelines. 
  • Excellent communication skills to interact with clients, vendors, and other team members. 
  • Ability to organize and prioritize assignments while ensuring all assignments are completed on time. 
  • Strong and growing knowledge of bookkeeping practices and procedures. 
  • Accuracy and attention to detail is absolutely required, as well as a track record of reliability, confidentiality, and conscientious work habits. 
  • Ability to interpret data and make cost effective decisions. 
  • Knowledge of payroll (pre-tax and after-tax deductions, etc.). 
  • Proficiency in Microsoft Office products including Excel, Outlook, and Word