Finance Intern - Acquisition Modeling

American Water Co.; Belleville (IL); Hybrid; USD 25,000 - 39,000; Full time

Job summary

American Water invites a Finance Intern - Acquisition Modeling for a full-time hybrid internship. You will gain exposure to how water utilities pursue growth through acquisitions and learn corporate development processes.

The successful candidate is currently enrolled in a Finance, Accounting, Economics, or analytics program and will work about 40 hours per week in Belleville, IL, developing financial models, conducting analyses, and supporting presenting materials.

Qualifications

• Currently enrolled in a Bachelor's degree program in Finance, Accounting, Economics, Business Analytics or related field.
• Strong Excel proficiency and ability to analyze financial statements.
• Experience developing financial models and analytical approaches is preferred.

Responsibilities

• Learn how municipalities and utilities’ accounting standards differ from corporate accounting.
• Collaborate with Corporate Development on financial analyses for potential acquisitions.
• Perform financial analyses in Excel and prepare presentation materials in PowerPoint.
• Support development of internal templates and standards for corporate development.
• Assist in acquisition model development and due diligence support.

Skills

Excel proficiency

Financial statements

Financial modeling

Education

Bachelor’s degree in Finance, Accounting, Economics, Business Analytics

Tools

Microsoft Excel

PowerPoint

Job description

Share Our Purpose. Be Yourself. Feel Valued.

People are the heart of our business. As an American Water employee, you will be offered a competitive salary and health benefits package, along with opportunities to develop, grow, and evolve your career. Our benefits packages focus on key areas such as health & wellness, emotional & well-being, and savings for current & future goals.

We are Beautifully Different . We strongly believe having diversity across our company makes us more successful and helps us provide essential services to our customers. We are stronger because we embrace different ideas, viewpoints, experiences, and backgrounds. American Water is the best choice for your next role! Click here for more information on our inclusion, diversity, and equity journey.

About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 18 military installations. American Water’s approximately 7,000 talented professionals leverage their significant expertise and the company’s national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.

Job Title: Finance Intern - Acquisition Modeling

Posting Start Date: 10/8/26

Job Description:

Compensation Data

The base salary range represents a good faith salary range for this position. The expected pay range for this position is between $18.00 per hour and $28.00 per hour. If you are hired at American Water your compensation will be determined based on factors such as market, geography, skills, candidate's program year, discipline, and degree. At American Water, we are committed to pay equity.

American Water is also proud to offer employees learning opportunities and work experiences to grow professionally!

Primary Role

This full-time (40-hour per week) hybrid Internship offers an introduction to corporate development career opportunities in the water and wastewater industry. The successful candidate will gain firsthand insight into how water utilities foster sustainable communities that support economic growth and resiliency through strategic acquisitions.

Key Accountabilities

• The successful candidate will also learn how municipalities and regulated utilities’ accounting standards differ from typical corporate accounting, gaining insight into unique financial reporting and analysis practices.
• The candidate will collaborate with the Corporate Development team on various types of financial analysis related to potential acquisitions of water and wastewater systems.
• Typical duties are diverse and tailored to the student’s education and experience level, assignments may include performing financial analyses using Microsoft Excel; conducting research on municipal financials; preparing presentation materials using PowerPoint; and supporting the development of internal templates and standards for corporate development processes.
• The candidate may also collaborate with other functions within the Business, including Valuations and Due Diligence, to gain exposure to an acquisition’s initial evaluation process.
• Depending on the candidate’s background, duties may also include learning project management skills, assisting in the preparation and review of acquisition models and supporting documentation, and developing materials for training programs.

Knowledge/Skills

• Working knowledge of Microsoft Office products including intermediate excel proficiency is required.
• Understanding financial statements (Income Statement, Balance Sheet)
• Experience developing new analytical approaches and financial models is preferred

Experience/Education

Currently enrolled in a Bachelor’s degree program studying Finance, Accounting, Economics, Business Analytics or related program.

Travel Requirements

Competencies

Plans & Aligns Decision Making Communicates Effectively Builds Networks Action Oriented

Join American Water... We Keep Life Flowing

American Water is firmly committed to Equal Employment Opportunity (EEO) and prohibits employment discrimination for employees and applicantsbased on his or her age, race, color, pregnancy, gender, gender identity, sexual orientation, national origin, religion, marital status, citizenship, or because they arean individual with a disability, protected veteran or other status protected by federal, state, and local laws.