Position term – June 3, 2019 to July 26, 2019
Are you ready for an exciting opportunity where you’ll gain skills and experience needed for a successful Accounting career? The FHLB – Office of Finance is seeking a strong Accounting Intern. Reporting to the Manager of Financial Reporting, the Accounting Intern will support the Financial Reporting, Accounting Policy, and Accounting Operations teams on key projects. The Intern will assist Accounting Policy & Financial Reporting (APFR) with the preparation of the Federal Home Loan Banks’ combined financial reports (CFR). This individual will also assist with maintaining accurate and reliable accounting records for the Office of Finance (OF) operating fund. This internship is designed to be both educational and practical. In this position, the Intern will apply the knowledge acquired in the classroom in a professional work environment.
Major Responsibilities include:
To be effective, the Accounting Intern must have a high attention to detail, be very organized, self-motivated, and possess a high degree of discretion. The ideal candidate will be able to initiate and complete assignments accurately and on time, with minimal supervision. He/she will be able to analyze and solve problems independently. Qualified candidates will offer undergraduate coursework in progress in Accounting or a related field plus familiarity with Microsoft Office products (Excel, Word, SharePoint). The successful candidate will have a thirst for learning and an ability to research and problem solve outside of his/her comfort zone.
This position offers an excellent work environment and is based in Reston, VA.
To apply, please submit your resume and cover letter to the following job link:
FHLB-Office of Finance is not currently sponsoring work visas or transfers, including OPT or H1-B. Green Card holders or U.S. Citizens eligible for application.
FHLB-Office of Finance is an equal employment opportunity employer.
Additional inquiries and questions can be emailed to Beth Cessna at email@example.com.
The Federal Home Loan Bank System
The public policy mission of the Federal Home Loan Bank System (the “System”), which was created by Congress in 1932 and consists of the 11 regional Federal Home Loan Banks (the “FHLBanks”) and the OF, is to support residential mortgage lending and related community investment through its member financial institutions. The System fulfills its role in housing finance by providing members with access to reliable, economical funding and technical assistance, and special affordable housing programs. The FHLBanks have been a fundamental part of the nation’s financial system for over eight decades.
The Office of Finance
Located in Reston, VA, a suburb of Washington, D.C., the OF is operated on behalf of the FHLBanks. Its primary function is to issue and service all debt securities for the regional FHLBanks, while obtaining the most cost-effective terms possible given current market conditions. Related activities include the compilation and publication of the combined financial statements, analysis and joint development of new funding opportunities, and educational outreach to inform investors and other interested parties about FHLBank debt products. The OF also provides the FHLBanks with credit and general capital market information/data and manages the relationship with the credit rating agencies. In addition, the OF administers two tax-exempt government corporations, the Financing Corporation and the Resolution Funding Corporation.
As an agent of the FHLBanks, the OF is a unique organization. While it is the size of a small business, it has access to the resources, and shoulders the responsibilities, of a large corporation. The OF does not have the drivers of a traditional business, such as a P&L or equity value. Rather, its staff and leaders derive their satisfaction from tackling the diverse challenges of serving the FHLBanks, individually and as a System, as well as managing dealer and investor relationships — all while remaining keenly focused on its day-to-day core mission.
The FHLBanks and the OF are government-sponsored enterprises regulated by the Federal Housing Finance Agency.
Equal Employment Opportunity
The OF is an equal employment opportunity employer. It is the OF’s policy to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, status as a parent, or genetic information, or any other characteristic protected by applicable law.