Summer 2025 Intern - Accounting - DFM (Finance)
Minimum Education
Enrolled in an undergraduate or graduate degree program at an accredited university and returning to continue studies after the internship.
Minimum Experience
0
Summary
The Federal Reserve Board (Board) provides students opportunities for career success. The Board's Internship program is designed to provide valuable work experience for undergraduate and graduate students considering careers including, but not limited to, economics, finance and accounting, information systems, and data analysis. The Board believes that by combining academic endeavors with project-related work experience, qualified and capable college students can gain the practical knowledge need in a competitive global job market. Internships are paid positions with salaries commensurate with credit hours; internships may be in-person, remote or hybrid, depending on the needs of the team. Employment in the Board's internship program is granted to U.S. citizens. Applicants must be currently enrolled in an undergraduate or graduate degree program at an accredited university and returning to continue studies after the internship. Interns receive a syllabus or research project plan outlining their projects and goals for the internship. Interns are assigned a supervisor or mentor to guide them through their internship, and regular check-in meetings with their manager to manage performance expectations and assist with learning goals. Interns have access to a wide range of training programs and events for professional development purposes.The summer intern will assist with day-to-day operations and closing activities of Accounting, Accounts Payable, and Property Management. The ideal candidate is a rising senior with good analytical skills and familiarity with Adobe CS and MS Office Suite. A major in accounting is strongly preferred.
Expected Projects:
- Preparing account analyses reconciliations of general ledger accounts which includes ensuring that the accounts are reconciled to detailed transaction data.
- Research and resolve reconciling items
- Preparing journal entries
- Performs month-end and year-end closing duties and analyzes various receivable and suspense accounts,
- Provides day-to-day administration of the Board's cash and checking accounts,
- Ensuring that adequate funds are available to meet the Board's financial obligations.
- Participates in projects designed to improve the Board's financial management system and related processes and systems
- Performs ad hoc research and analysis as determined by business needs
- Monitors and reports on current and changing accounting and auditing topics.
Suggested Major: Accounting
Required Skills and Knowledge: Microsoft Office; Adobe CS; learning on the fly; action-oriented; problem-solving.
Required Documents for Application: resume; an unofficial transcript may be requested.
Location: This position is hybrid with a minimum of two (2) days a week onsite at our offices in Washington, DC.
This position may be extended up to, but no longer than 180 days from the initial start date.
US citizenship is required for all Board internships and applicants must be current students, graduating from their program Fall 2025 or later.
