Internship
Accounting Intern
Confirmed live in the last 24 hours
Redwood Materials
501-1,000 employees
Recycles batteries for sustainable material supply
Carson City, NV, USA
- Currently enrolled in the senior year of a bachelor's degree program in Accounting or Finance.
- Strong academic record and a solid understanding of accounting principles and practices.
- Proficiency in Microsoft Office Suite, particularly Excel; experience with accounting software is a plus.
- Excellent analytical, problem-solving, and organizational skills.
- Strong attention to detail and ability to work independently and collaboratively.
- Effective communication skills, both written and verbal.
- Demonstrated ability to handle multiple tasks and meet deadlines in a fast-paced environment.
- Assist with the preparation and analysis of financial statements and reports.
- Support the accounting team in managing and tracking fixed assets, including acquisitions, disposals, and depreciation.
- Participate in the accounting and financial reporting for construction projects and capital expenditures.
- Conduct complex tax analysis and assist in the preparation of tax filings and compliance reports.
- Gain exposure to ASC 606 (Revenue Recognition) and assist in the analysis and documentation of contracts.
- Collaborate with cross-functional teams to ensure accurate and timely financial information.
- Assist in month-end and year-end closing processes, including reconciliations and journal entries.
- Perform ad-hoc financial analysis and projects as assigned.
Redwood Materials focuses on battery recycling and the supply chain for lithium-ion batteries. The company recycles used batteries to produce domestic sources of anode and cathode materials, which are essential components in battery production. This process not only reduces costs but also addresses sustainability concerns by minimizing the environmental impact associated with transporting critical metals over long distances. Unlike many competitors who rely on overseas sources for these materials, Redwood Materials provides a local solution for U.S. cell manufacturers, helping them to lower expenses and enhance their supply chain sustainability. The goal of Redwood Materials is to support the growing demand for lithium-ion batteries, which is expected to increase significantly by 2030, by creating a more efficient and environmentally friendly supply chain.
Company Stage
Series D
Total Funding
$1.7B
Headquarters
Carson City, Nevada
Founded
2017
6 month growth
↑ 11%1 year growth
↑ 33%2 year growth
↑ 71%
Simplify's Take
What believers are saying
- Redwood's strategic partnerships with major manufacturers like GM and Ultium Cells ensure a robust and reliable supply chain.
- The company's expansion into Europe with the acquisition of Redux Recycling indicates strong growth potential and market diversification.
- Redwood's focus on sustainability and reducing environmental impact aligns with global trends towards electrification and green energy, making it an attractive employer for those passionate about sustainability.
What critics are saying
- The high capital expenditure for facilities like the $3.5 billion South Carolina plant could strain financial resources if market conditions change.
- Dependence on partnerships with major manufacturers means that any disruption in these relationships could significantly impact Redwood's supply chain.
What makes Redwood Materials unique
- Redwood Materials focuses on recycling and repurposing batteries to produce domestic anode and cathode materials, unlike competitors who rely on overseas procurement.
- Their partnership with major industry players like General Motors and Ultium Cells provides Redwood with a steady stream of production scrap, ensuring a consistent supply of raw materials.
- The company's large-scale facility investments, such as the $3.5 billion plant in South Carolina, position them as a significant player in the North American battery supply chain.
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