Internship

Accounting Intern

Posted on 10/25/2024

ibotta

ibotta

501-1,000 employees

Shopping rewards app for cash-back offers

Consumer Software
Consumer Goods

Compensation Overview

$19.23Hourly

No H1B Sponsorship

Denver, CO, USA

Hybrid position requiring 3 days in-office per week.

Category
Auditing
Financial Accounting
Management Accounting
Accounting
Requirements
  • Juniors working towards a bachelor’s degree with a focus in Accounting or related field
  • Proven ability to think creatively and implement ideas from start to finish
  • Good written and verbal communication skills
  • Hunger to learn and collaborate with your teammates
  • Intermediate Excel proficiency
  • Maturing Analytical Skills
  • Attention to detail
Responsibilities
  • Identify process improvement areas, report on automation impact, help develop KPIs for automation, and research third-party software for automation.
  • Test new automation tools, document workflows, and provide feedback on automation effectiveness.
  • Assist with internal audits, document control procedures, and ensure compliance with regulations and policies related to automation.
  • Support special accounting projects (e.g., revenue, expenses, financial reporting) to gain a broad understanding of the accounting environment.
  • Embrace and uphold Ibotta’s Core Values: Integrity, Boldness, Ownership, Teamwork, Transparency & A good idea can come from anywhere

Ibotta operates a shopping rewards app that connects brands with millennial consumers by offering cash-back rewards for purchases. Users earn cash back by shopping at partner retailers, which encourages them to shop more often and spend more per visit. Brands and retailers collaborate with Ibotta to promote their products through targeted advertising within the app, especially during major shopping events like Black Friday. Ibotta generates revenue by charging these brands for featured placements and marketing campaigns designed to increase sales velocity and conversion rates. Unlike its competitors, Ibotta focuses specifically on the millennial demographic and provides valuable insights to brands about consumer behavior, helping them to optimize their marketing strategies. The goal of Ibotta is to enhance brand awareness and drive incremental sales for its partners while rewarding consumers for their shopping activities.

Company Stage

IPO

Total Funding

$2.2B

Headquarters

Denver, Colorado

Founded

2012

Growth & Insights
Headcount

6 month growth

1%

1 year growth

2%

2 year growth

9%
Simplify Jobs

Simplify's Take

What believers are saying

  • Ibotta's successful IPO and strong market capitalization of $3.1 billion indicate robust financial health and growth potential.
  • The company's innovative marketing strategies, such as the 'Make It Rain' experiential campaign, demonstrate a commitment to creative consumer engagement.
  • Partnerships with major retailers like Walmart and Schnucks enhance Ibotta's market reach and credibility.

What critics are saying

  • The competitive landscape of the shopping rewards market could pressure Ibotta to continuously innovate to maintain its edge.
  • Dependence on partnerships with major retailers means that any disruption in these relationships could significantly impact Ibotta's business.

What makes ibotta unique

  • Ibotta's focus on millennial consumers and cash-back rewards sets it apart from traditional loyalty programs that may not resonate as strongly with this demographic.
  • The company's ability to drive incremental sales through targeted marketing campaigns provides a measurable ROI for brands and retailers, unlike more generic advertising platforms.
  • Ibotta's partnerships with major retailers like Walmart and its innovative experiential campaigns highlight its commitment to engaging consumers in unique and memorable ways.

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Benefits

Parental leave

Onsite gym

Dinner perk

Healthcare coverage

Culture club

401(k) match

Team wide bonus

Flexible time off

Equity

Lifestyle spending account

INACTIVE