Job Description
Position OverviewThroughout their employment, student employees will maintain and manifest positive actions that align with and support the Code of Conduct for the School of Business.
RedTire is a KU School of Business venture designed to enhance the economic wellbeing 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 analysts 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. Ideal candidates will continue in the role for multiple semesters and receive increasing wage adjustments for returning semesters, commensurate with performance.
The KU student in this position will receive the benefit of:
- 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.
Per the State of Kansas, student employees may hold concurrent appointments not to exceed maximum appointment and hours worked levels . However, concurrent student appointments must be of matching FLSA designation (exempt/salaried or non-exempt/hourly).
Job DescriptionJob duties may include (but are not limited to):
10% - Assist with day-to-day administration of RedTire and help with leads for candidate business (sellers) and buyers for inclusion in the program.
35% - Extrapolate raw financial data (from tax returns and company P&Ls) into RedTire models.
25% - Perform business valuation analyses using established models and procedures.
15% - Help with industry, location, and market research / risk initiatives.
15% - Other ad-hoc financial and modelling analysis duties as required.Required Qualifications
- 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:
- have been enrolled in no less than 6 hours in the past spring semester or
- be pre-enrolled in the upcoming fall semester in no less than 6 hours or
- be enrolled in summer session or
- be admitted to study in the upcoming fall semester. Student Hourlies may be for undergraduate or graduate students. (Exceptions granted for GRA/GTA/GA appointments DO NOT apply to Student Hourly appointments)
Preferred Qualifications
Working experience in a Finance related field from an external employer internship covering some aspects of working with financial statements and/or valuation methodologies.
Additional Candidate InstructionsSubmit the following materials: (1) online application, (2) resume and (3) cover letter. This is a pool position; therefore hiring and start dates will be ongoing.
Application review begins 2/10/2025.Contact Information to ApplicantsDenton Zeeman
dzeeman@ku.edu Advertised Salary Range10.25Work ScheduleFlexible; up to 20 hours weekly between 8am-5pm Monday-Friday during the semester; with possibility of up to 40 hours/week during academic breaksAnticipated Start DateMonday February 17, 2025 Apply to Job
The University of Kansas
Job Tags
Hourly pay, Work experience placement, Summer work, Monday to Friday,