Sofia Orozco is a Marketing major and will be graduating in May of 2019. She interned this summer for The Paramount Group as the Accounting Intern in Chicago, IL.
How did you get this internship? I found this internship through a family friend. One of my best friends from freshman years mom owns the business.
What was a typical day like? A typical day for me would be, to come into the office at 9am and begin inputting invoices in from the days prior. If it was close to month end, I would begin looking at vendor statements and calling businesses if we had missing invoices in our records. After that, I would input a daily sales journal entry from the restaurant that is connected to the company. By this time, it would be past lunch (which is provided in the office). I would then begin collecting payment packets from clients from the sales team. Here, I would login to our Chase Business account, and our Caterease tracking software and charge credit cards, then post the payments. After all clients have been billed for the day, it would be close to 5, so at that point I would run the Daily Sales report, which tracked day to day sales, and how close the company is to its month and year goals.
What was your favorite part of the experience? My favorite part of this experience was the fact that I was doing real job functions in the accounting department, it taught me a lot about Managerial accounting as well how accounting works in the hospitality industry.
If you worked on a big project, please describe it below: I worked on an I-9 Audit, which was to confirm that all active employees had the right documents on file.
What did you find most challenging about your internship? The most challenging part of my internship was learning all the different tracking methods and how to record the right events on the right software. For example, billing (caterease) vs food tracking (Quickbooks).
What advice do you have for other students looking for a similar internship? My advice is, do not be turned off by not working for a Fortune 500 company! When working in a smaller office, I was able to get so much hands on experience and was really valued during my time there.
How did Eller prepare you for your internship? Accounting 200 and 210 really prepared me for the journal entry part of my job. It also helped me when assigning vendor invoices to specific accounts. For example COGS of DL.
Did your internship employer provide housing or transportation assistance? No, my employer did not provide any housing or transportation assistance.