Internship

Financial Planning & Analysis Intern/Co-op Spring 2025

Posted on 11/20/2024

iRobot

iRobot

1,001-5,000 employees

Designs and builds intelligent home robots

Robotics & Automation
Consumer Goods

Bedford, MA, USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Data Analysis
Requirements
  • Current enrollment in an accredited College/University, pursuing a degree in Finance, Accounting, Economics, or business-related major with an expected graduation date between 2025 or 2026
  • Strong academic performance (3.2 cumulative GPA minimum)
  • Proficiency in Microsoft Office Suite, particularly Excel
  • Understanding of Financial Statements and accounting practices
  • Strong analytical, problem solving and communication skills
  • Previous internship or work experience in finance is a plus
Responsibilities
  • Prepare month-end closing reports, identify trends and provide actionable insights
  • Analyze expenses to understand performance vs plan and variance driver
  • Assist in budget planning for department expense
  • Develop and maintain financial models
  • Partner with businesses to gather and interpret data to support forecasting processes
  • Contribute ideas to improve efficiency in reporting and analysis
  • Perform ad-hoc projects and tasks

iRobot designs and builds intelligent home robots, with a focus on making home maintenance easier and healthier. The company is best known for its Roomba robot vacuum, which was first introduced in 2002 and has sold millions worldwide. iRobot's products utilize advanced cleaning, mapping, and navigation technologies to efficiently maintain homes. Unlike many competitors, iRobot emphasizes inclusiveness and equality in its workplace, ensuring a respectful environment for all employees. The company's goal is to provide effective home solutions while promoting social justice and accommodating individuals with disabilities.

Company Stage

IPO

Total Funding

$29.2M

Headquarters

Atlantic City, New Jersey

Founded

1990

Growth & Insights
Headcount

6 month growth

-11%

1 year growth

-19%

2 year growth

-24%
Simplify Jobs

Simplify's Take

What believers are saying

  • The introduction of affordable, high-quality products can expand iRobot's market share and customer base.
  • New leadership under Gary Cohen may bring fresh strategies and optimism for a successful turnaround in 2024.
  • Innovative product releases, such as the Roomba Combo Essential 2-in-1, can strengthen iRobot's position as a market leader in home robotics.

What critics are saying

  • The shutdown of the iRobot Select program indicates potential financial instability and cost-cutting measures.
  • Ongoing securities fraud lawsuits could damage the company's reputation and financial standing.

What makes iRobot unique

  • iRobot's pioneering status in the robot vacuum market and continuous innovation, such as the new entry-level Roomba Combo Essential 2-in-1, set it apart from competitors.
  • The company's focus on affordability with high-quality products, like the new budget-friendly Roomba Mopvac, makes advanced cleaning technology accessible to a broader audience.
  • iRobot's strategic leadership changes, including the appointment of Gary Cohen as CEO and Julien Mininberg to the board, aim to drive a successful turnaround and future growth.

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Benefits

Health, dental, & vision coverage

HSA & FSA

401(k) contributions

Employee Stock Purchase Plan

Life & disability insurance

Generous time off

Great discounts

iRobot product discounts