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RedTire is a KU School of Business venture designed to enhance the economic well-being of Kansas and the surrounding states. The program finds the most suitably qualified candidate buyers to match with a successful small- to medium-sized business to prevent the shuttering of business due to a lack of owner successor. RedTire assists in successfully transitioning the business to new ownership and relies on University of Kansas (KU) student interns during the financial analysis and valuation modelling part of the process. The KU student analyst's first objective is to provide assistance to the RedTire Director so that quality business and technical consulting assistance to RedTire clients is provided. Secondly, the aim of the role is to also provide an excellent experimental learning opportunity to the KU student. They will work on 'live real-world' case scenarios to successfully transition a business from a retiring owner, by redefining their retirement, to a new, younger owner who will acquire their business. The position works on-site at Capitol Federal Hall and will receive $10.25 per hour during the initial training period.
Job Responsibility:
Extrapolate raw financial data (from tax returns and company P&L's) into RedTire models
Perform business valuation analyses using established models and procedures
Help with industry, location, and market research/risk initiatives
Other ad-hoc financial and modelling analysis duties as required
Assist with day-to-day administration of RedTire and help with leads for candidate business (sellers) and buyers for inclusion in the program
Requirements:
Business undergraduate student with finance or accounting tracks OR MACC or MBA graduate student with finance
Completion or concurrent enrollment in "Finance" - FIN 310 or "Honors Finance" - FIN 311
During the semester term of the appointment, the student hourly must be enrolled in no fewer than 6 credit hours. For summer periods the student hourly must: (1) have been enrolled in no less than 6 hours in the past spring semester or (2) be pre-enrolled in the upcoming fall semester in no less than 6 hours or (3) be enrolled in summer session or (4) be admitted to study in the upcoming fall semester
Nice to have:
Working experience in a Finance-related field from an external employer internship covering some aspects of working with financial statements and/or valuation methodologies
What we offer:
Applying academic valuation techniques to a live company and learning other small business valuation techniques that are not generally taught in the academic accounting or finance classroom
Obtaining direct experience and insight into how the deal process works
Gaining valuable experience in dealing with project-related work
Students employed by RedTire could also meet the KU School of Business internship requirements
Ideal candidates will continue in the role for multiple semesters and receive increasing wage adjustments for returning semesters, commensurate with performance
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