Financial Rotational Analyst - Snap-on Inc

 Finance Analyst Rotational Development Program (2024)

Company Overview

Founded on innovation in 1920, Snap-on Incorporated is a $4 billion S&P 500 Company.  Snap-on is a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks.  Products and services include hand and power tools, tool storage, diagnostics software, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers, as well as for customers in critical industries.

Rotational Program Overview

The Finance Rotational Development Program will provide a broad domestic and international finance experience by supporting various departments within the Finance teams at Snap-on Incorporated, including Internal Audit, Treasury, Corporate Accounting, and Snap-on Tools Finance team.  This role will have the opportunity to rotate among respective departments every 6-8 months, based on business needs. Benefits of the program include development in the following key skill areas: critical thinking, communication, collaboration, problem solving, project management, financial analysis, and accounting.

About the Rotational Experiences

Corporate Internal Audit

Participate in internal control, operational, financial and compliance reviews throughout the company.  Responsibilities also include working closely management and staff to plan audits, execute fieldwork and draft audit reports. 

Corporate Treasury

Perform daily treasury operations, including management of cash balances across multiple banks and structures, cash positioning, making short-term borrowing and investment decisions, initiating electronic payments, reconciling daily bank transactions, and initiating foreign exchange settlements.  Manage and resolve daily operational issues and provide support to Snap-on business units.  Assist with bank account administration, including opening/closing accounts, signature changes, service modifications and remote user maintenance.  Maintain treasury filing system. Assist with miscellaneous departmental projects and prepare management reports as needed.

Corporate Accounting

Provide accounting support to corporate management, ensuring the integrity of corporate financial balances and timely closing of financial records. Assist with various corporate processes, including management of the property, plant and equipment system, ownership of various accounts and associated reconciliation processes and other projects as identified. This position would work closely with various finance teams across Snap-on.

Snap-on Tools Finance Department

Provide accounting, reporting and analysis support within the Snap-on Tools Finance organization. Complete timely and accurate monthly closing tasks in compliance with GAAP and Snap-on policies.  Conduct meaningful financial analysis that can be used to better understand trends and guide business decisions.  Support departmental RCI initiatives and periodic audits, while also assisting with special projects, as assigned.

Minimum Qualifications

• Bachelor’s degree in Business Administration, Finance, Accounting or related field
• Previous internship or applicable work experience
• Knowledge of basic Finance and Accounting concepts
• Familiarity with U.S. and international accounting regulations preferred
• Proficient in Microsoft Office Suites: Excel, Word, PowerPoint, Access
• Excellent planning and organizational skills, attentive to details
• Ability to multi-task and meet deadlines
• Strong attention to detail

Rotational Program Guidelines

Rotational Timeline- Rotations will vary in exact duration due to business need and project work. Rotational assignments will last approximately six to eight months.

Location Assignments- All rotation assignments will be based out of the Kenosha Corporate office located at 2801 80^th Street, Kenosha, WI.

Learning Experience- Participants will gain unique and varied experience as they spend rotational periods with a broad group of key finance teams within Snap-on. Advancing throughout departments will provide participants with a diverse set of experiences and the unique opportunity to understand more of the corporate and business unit functions within the organization.

Networking Opportunities- As they rotate through assignments, participants will have the opportunity to network with professionals and leaders throughout Snap-on’s Finance departments, providing the unique opportunity to foster mentorship opportunities and build connections across the organization. Rotating through four key business teams will allow participants to obtain a diverse set of experiences and play an integral role in a variety of projects directly impacting the business.

Program Completion & Placement- Upon completion of the program rotations, participants may begin applying for open roles within Snap-on. Temporary work assignments may be allotted to program participants at the completion of the program. Final placements will vary depending on position availability and candidates’ interests and skill sets. Completion of the rotational program does not guarantee a final position placement. As with non-rotational positions, employment is subject to all the terms set forth in Snap-on’s Corporate Policy and Procedures Manual, including the at-will nature of employment.