Summer 2025 Intern - Financial Operations - DFM at Federal Reserve Board of Governors in Washington, Washington DC

Job Description:

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 position is for an internship within the Accounting Operations, Accounts Payable, and Property Management section of the Division of Financial Management. The section is responsible for day-to day financial operations of the Board, including internal and external financial reporting and financial transactions processing. Candidates are expected to have an interest in and general understanding of general business and accounting concepts.

Job duties would include:

-reconciliation of general ledger accounts using Workday functionality and MS Office Applications
-research, analysis, and preparation of clearing entries for reconciling items
-recording of accrual entries and prepaid amortization schedules
-drafting and presentation of financial reports and training materials to customer divisions
-compilation of inventory records for verification and confirmation
-research and resolution of accounts payable variances and invoicing issues within Coupa

Preferred Skills
Financial Analysis
MS Office Suite

A copy of an unofficial transcript may be requested.

This position is hybrid requiring a combination of telework and an in-office presence in Washington DC.

US citizenship is required for all Board internships and applicants must be current students, graduating from their program fall 2025 or later.