Summer Intern 2027- Accounting - MFS

Location: Federal Reserve Board

Always verify and apply to jobs on the official Federal Reserve Board career site or through verified Federal Reserve Board social media channels.

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.

Assist with day-to-day operations and closing activities of Accounting, Travel, and Accounts Receivable, to include:

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.

Skills Required

• A Proven ability to manage and coordinate administrative functions
• Strong analytical skills
• Proficient in using a variety of business and industry-specific applications
• Excellent written and verbal communications skills
• Dedicated to delivering exceptional customer service
• Detailed-oriented with strong editing/ Proofreading
• Understanding of fundamental business financial principles
• Proficient in Adobe Creative Suite applications
• Advance skills MS Office Suite
• Location: This position requires an onsite presence at our offices in Washington, D.C. Summer internships should be onsite.
• Note: U.S. Citizenship is required. Applicants must be current students, graduating from their program August 2027 or later. Proof of enrollment will be required.

Job Type

Intern (Fixed Term)

Job Exempt

No

Relocation Provided

Yes

Compensation Grade(s)

FH Pay Grade 20

Pay

Rehabilitation Act

The Board complies with the Rehabilitation Act of 1973, as amended, and provides job applicants with disabilities reasonable accommodations to assist them in applying for jobs at the Board. If you have a disability and would like to request an accommodation in order to apply for a job at the Board, please call 202-452-3880 or e-mail [email protected].

Equal Opportunity Employer

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, or application, membership, or service in the uniformed services.

Privacy

You may review the Federal Reserve Board's Privacy Act Notice at https://www.federalreserve.gov/careers/files/fr1273.pdf.

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Approval Expires October 31, 2029

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