Accounting Intern

Federal Home Loan Bank of Dallas; Irving (TX); On-site; USD 25,000 - 30,000; Full time

Job summary

Federal Home Loan Bank of Dallas invites dedicated accounting interns to join our team on an as-needed basis across departments. This internship provides hands-on accounting experience within the financial services sector and exposes you to the FHLBs intermediary role with members that support housing and community development.

You will explore investments, derivatives, and related back-office processes, developing skills in recording, valuation, and hedge accounting while working in a

Qualifications

• Maintain a GPA of 3.5 or higher.
• Pursuing undergraduate or graduate degree with concentration in Accounting.
• Self-starter with strong problem solving and analytical skills.
• Organized and highly detail-oriented.
• Team player with strong work ethic, positive attitude, and professional demeanor.
• Excellent verbal and written communication skills.
• Active listener who follows instructions.
• Hours Per Week: 40.

Responsibilities

• Gain experience in Investments & Derivatives Accounting, including trades, documentation, valuation and recording.
• Learn the structures and accounting impacts of financial instruments and hedge accounting.
• Support back office operations for investments and derivatives.

Skills

Analytical skills

Attention to detail

Team collaboration

Verbal and written communication

Time management

Education

Accounting concentration

Undergraduate or graduate degree

Job description

FHLB Dallas actively pursues dedicated and hardworking individuals to be a part of our professional team. Positions are offered on an as-needed basis for all departments.

This internship provides accounting experience in the financial services industry and the opportunity to learn about the Federal Home Loan Banks’ (FHLBs) integral role as an intermediary between the capital markets and its members, which comprise about 80% of U.S. lending institutions. The FHLBs provide readily available, low-cost funding to members thereby increasing the availability of credit for residential mortgage lending and investment in housing and community development. This unique experience will expose you in a short period of time to a wide range of accounting rules and practices that are applicable to the finance industry.

Areas of Focus:

Investments & Derivatives Accounting – Dive into the complex world of investments, debt, mortgages, and derivatives. You will get to see how trades are entered, documented, tracked, valued and recorded. Upon completion, you will have a better understanding of the structures, purposes and financial statement impacts of these financial instruments and the associated hedge accounting as well as the operations of an investments and derivatives back office.

Qualifications:

• Maintain an overall GPA of 3.5 or higher
• pursing undergraduate or graduate degree with concentration in Accounting
• Self-starter with strong problem solving and analytical skills
• Organized and highly detail-oriented
• Team player with strong work ethic, positive attitude, and professional demeanor
• Excellent verbal and written communication skills
• Active listener who follows instructions
• Hours Per Week: 40

FHLB Dallas Offers a Professional, Inclusive Culture

• Service to our members is first and foremost
• All business will be conducted honestly and ethically
• Each employee contributes to customer service by directly serving our members or supporting those who do
• Interaction with members should focus on building professional relationships and helping customers achieve their goals
• Cooperation and teamwork throughout and across all levels of FHLB Dallas are essential to its effectiveness
• Colleagues and members will be treated with the utmost respect and dignity

FHLB Dallas provides equal employment opportunity to all individuals without regard to race, religion, color, sex, age, marital status, ancestry, veteran status, disability, or national origin. FHLB Dallas will consider for employment all persons on an individual basis consistent with job-related criteria without regard to visible and non-visible disabilities. Equal opportunity applies to all employment practices, including recruitment, screening, hiring, compensation and training, as well as other conditions and privileges of employment.