Finance Development Program Associate

At UL, we know why we come to work.

Thousands of us around the world wake up every day with a common purpose: to make the world a safer, more secure and sustainable place. Science is in our DNA; we are endlessly curious and passionate about seeking and speaking the truth. We take delight in knowing that our work makes a meaningful contribution to society, and we are proud that our culture is centered on integrity, collaboration, inclusion and excellence. UL stands at the forefront of technological advancement, and we are continually challenged to find new ways to foster innovation and positive change. Satisfying? Yes. Exciting? Absolutely!

As our global footprint continues to spread across the world, we are looking for a Finance Development Program Associate to join our team in Northbrook, IL.

What makes you a great fit:

• Be completing your final year of your undergraduate degree in: Finance, Accounting, Business, Economics or related major
• Hold a Bachelor’s degree prior to the intended full time start date
• Demonstrated ability to gather, analyze and interpret information from diverse sources and in a wide variety of forms.
• Working knowledge of the fundamentals of accounting through education or internship experience. Demonstrated ability to use MS Office suite (Excel, Word, Power Point).
• Experience working with business ERPs (Oracle, NetSuite, etc.) is a plus.
• Demonstrated ability to work in a results-oriented, challenging environment
• Strong verbal, written and interpersonal communication skills
• Ambitious and highly motivated self-starter who works well independently and collaboratively
• Must have the indefinite right to work in the United States.

What we offer:

• Total Rewards: We understand compensation is an important factor as you consider the next step in your career. The annual salary for this role is $67,000, and it is eligible for annual bonus compensation with a target payout of 5% of the base salary. Qualified candidates may be eligible for a sign-on bonus to assist with housing, travel, and other relocation expenses, subject to terms and conditions. This position also provides health benefits such as medical, dental and vision; wellness benefits such as mental and financial health; and retirement savings (401K) commensurate with the standard rewards offered in each individual location or country. We also provide full-time employees with paid time off including vacation (15 days), holiday and personal days (totaling 12 days) and sick time off (72 hours).

Learn More:

Curious? To learn more about us and the work we do, visit UL.com 

What you’ll learn & achieve:

Finance Development Program Associates will hold a series of four 6-month assignments that span different departments within the company’s financial operations. These assignments will typically be in departments having global responsibilities, and the departments in which program associates may work include financial planning and analysis, general accounting, treasury, tax, shared services for order-to-cash or procure-to-pay, or one of three operating businesses. These assignments will contain routine responsibilities and high-impact special project work, which will vary according to the needs of each department.

Throughout the program, FDPs will have both senior leaders and peer mentors to guide them while also receiving extensive training to prepare them for future roles within the organization. There will also be opportunities to meet with and learn from top leaders of the company. After completion of the 2-year rotation, graduates will have the opportunity to take the next step in their career with positions that fit their preferences and skillsets.

Job Responsibilities: 

• Perform financial analyses to explain variances in financial performance of various organizations (departments, functions, divisions, regions, business units), or to develop a business case for an investment project, or to assess the impact of changes to a business processes.
• Participate in the development of budgets, forecasts, or strategic plans.
• Assist in the preparation of financial reports by collecting, analyzing and summarizing account information and trends. Perform account reconciliations.
• Work on projects that will improve efficiency, improve service levels and lower the cost of operations for these shared service functions: credit, billing, collections, cash applications and accounts payable.
• Assist in the preparation of supporting documentation, forms and various tax filings (local, state, federal, property, sales, etc.). 
• Participate in the research and analysis of the impact of changes in tax laws or company tax strategies or other special projects.
• Assist with treasury activities including daily cash management and account reconciliations. Support special projects in cash management, investment management, and insurance. 
• Performs other duties as directed.