2027 Summer Internship Program - Office of Employee Benefits (Finance and Accounting)

Federal Reserve Bank of New York; Newark (NJ); On-site; USD 21,000 - 30,000; Full time

Benefits offered by this job

Professional development opportunities

Networking

Free LinkedIn Learning access

Free FedFuel career development tool

Dress for your day

Flexible hours

Job summary

Federal Reserve Bank of Atlanta invites a Summer Finance Intern to contribute within the Office of Employee Benefits (OEB) in Newark, NJ. You will work on retirement plans, health and welfare programs, and budget assignments, gaining hands-on accounting exposure in a competitive program with potential for professional growth.

Open to rising juniors pursuing a bachelor's degree, with opportunities to engage across time zones and departments, and exposure to a wide range of benefits-related

Qualifications

• Working knowledge of MS Excel, MS Word, MS PowerPoint.
• Strong analytical and critical thinking skills.
• Ability to communicate effectively, both orally and written.
• Ability to grasp information quickly.
• Attention to detail and accuracy.
• Ability to work productively in a high-performing, collegial atmosphere.

Responsibilities

• Hands-on accounting experience.
• Live reconciliations, journal entries, and financial reporting tasks.
• Practical application of internal controls (COSO and ICOFR).
• Support automation efforts through testing and build projects.

Skills

MS Excel

MS Word

MS PowerPoint

Analytical thinking

Effective communication

Quick learner

Attention to detail

Independent work

Education

Pursuing bachelor’s degree

Tools

Microsoft Office Suite

Job description

Company Federal Reserve Bank of Atlanta As an employee of the Atlanta Fed, you will help support our mission of promoting the stability and efficiency of the U.S. economy and financial system. Your work will affect the economy of the Southeast, the United States, and the world. The work we do here is important, and how we do it is just as important as what we do. We live our values of integrity, excellence, and respect every day. We do the right thing, we do things right, and we treat people right. A career at the Federal Reserve Bank of Atlanta gives you the chance to do work that touches lives and helps communities prosper.

OUR BANK - The Federal Reserve is the central bank of the United States and is one of the most influential, trusted, and prestigious financial organizations. It consists of twelve Reserve Banks located around the country and the Board of Governors in Washington, D.C. The Federal Reserve Bank of Atlanta territory covers the Sixth Federal Reserve District, which includes Alabama, Florida, and Georgia, and portions of Louisiana, Mississippi, and Tennessee. The Atlanta Fed and the other Reserve Banks play an important part in all three of the Fed's functions: monetary policy, bank supervision and regulation, and the operation of a nationwide payment system.

PLEASE READ: Internships are paid. Summer housing will not be provided. This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change (e.g. emergencies, rush jobs, change in workload or technological developments).

The Office of Employee Benefits (OEB), located in Newark, N.J., comprises a staff of 64 professionals who oversee benefit programs for approximately 80,000 current and former employees of the Federal Reserve, and their beneficiaries. The OEB was established in 1934 to administer the Federal Reserve System's Retirement [pension] Plan. Over time, the OEB's responsibilities have expanded to include additional retirement benefits, health benefits, life insurance, long-term disability, and other personal protection plans. The OEB's mission is to be a center of excellence, providing leadership in formulating employee benefit programs and operating these programs on behalf of the Reserve Banks, Board of Governors and Consumer Financial Protection Bureau with outstanding customer service, sound and cost-efficient operations, professional expertise, and ongoing innovation.

Summer finance intern at the OEB will be placed into the Finance and Accounting Department and will be involved in projects supporting retirement plans, health and welfare program as well as budget assignments. The program is extremely competitive, and size is limited. As a summer intern at the OEB, applicants must have a demonstrated interest in business, finance, benefits, human resources, information systems, legal, compliance, communications or a related discipline and a strong academic record. Specific skills may be required depending on area and project. This program is open to rising juniors pursuing a bachelor's degree.

Responsibilities:

• Hands-on accounting experience
• Live reconciliations, journal entries, and applicable financial reporting and general ledger work
• Practical applicable of controls (COSO and ICOFR)
• Support automation efforts through testing and build (projects)

Qualifications:

• Working knowledge of MS Excel, MS Word, MS PowerPoint;
• Strong analytical and critical thinking skills demonstrated by the ability to assimilate new information, make sound decisions, and manage multiple tasks;
• Ability to communicate effectively, both orally and written;
• Ability to grasp information quickly;
• Attention to detail; and
• Ability to work productively in a high-performing, collegial atmosphere.

CORE COMPETENCIES:

• Proficient in Microsoft Office Suite
• Excellent communication skills (verbal and written)
• Strong analytical skills
• Ability to work independently and take ownership of projects
• Great work ethic and detail oriented
• Comfortable working across time zones to complete projects in a timely manner

OUR BENEFITS TO INTERNS (some benefits are subject to being onsite):

• Professional development opportunities
• Networking
• Free LinkedIn Learning access
• Free access to our FedFuel career development tool
• Dress for your day
• Flexible hours

Additional Requirements:

This position will require at minimum fingerprinting for a criminal background check, education and employment verification, along with potential additional screening requirements due to the information accessed while performing the job. Any offer of employment is contingent upon satisfactory results of any required background screening. These screenings would be initiated at the time of offer acceptance and can take up to approximately 8 weeks to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well. For Law Enforcement positions, physical, psychological, drug, stress/EKG, and attending an academy will be required. Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.

Federal Reserve Bank of Atlanta employees must comply with the Bank's ethics rules. These rules generally prohibit employees, their spouses/domestic partners, and minor children from holding financial interests (such as common stock and corporate bonds) issued by financial institutions. This prohibition also applies to investment funds that focus on investing in the financial sector. If you, your spouse/domestic partner, or minor child own such securities, you will generally be asked to divest them if you accept an offer of Bank employment. If you have concerns about this prohibition, you should raise the issue with the recruiter for this posting early in the process.

The Federal Reserve Bank of Atlanta is an equal opportunity employer.

Full Time / Part Time Full time Regular / Temporary Temporary Job Exempt (Yes / No) No Job Category Internship Family Group Work Shift First (United States of America)

The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Privacy Notice OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States - one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.

OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.

Why Our People Choose Us: Our reputation precedes us There will always be room for personal growth Our people are first You'll find the right balance Your responsibilities will be meaningful We hope that you will be our future colleague.