Financial Controls Intern

Federal Home Loan Bank of Indianapolis (FHLBank); Indianapolis (IN); Hybrid; USD 28,000 - 34,000; Part time

Job summary

Federal Home Loan Bank of Indianapolis (FHLBI) invites a Financial Controls Intern for a 10-week summer program in Indianapolis with a hybrid schedule. The intern will contribute to accurate financial reporting and internal controls by supporting day-to-day accounting operations and the close process.

The role emphasizes hands-on experience in reconciliation, journal entries, and general ledger procedures within a collaborative team environment aimed at safeguarding assets and improving controls.

Qualifications

• Active undergraduate enrollment, major in Accounting and/or Finance.
• Must have completed at least sophomore year of undergraduate studies.
• Excellent written and verbal communication; able to work independently and in teams; highly detail-oriented and well organized; proactive problem solver.

Responsibilities

• Support daily operations of the Financial Controls team to maintain financial health.
• Reconcile daily accounts to ensure data accuracy and completeness.
• Post daily journal entries in accordance with accounting standards.
• Assist with daily general ledger close and timely financial reporting.
• Support ongoing and ad hoc projects related to accounting, financial reporting, and internal controls.

Skills

Written communication

Verbal communication

Teamwork

Detail orientation

Organizational skills

Problem solving

Independent work

Education

Accounting major

Finance major

Job description

Financial Controls Intern | Federal Home Loan Bank of Indianapolis (FHLBI)

The Tone: This is a 10-week paid internship program at the Federal Home Loan Bank of Indianapolis (FHLBI), located in Indianapolis and operating on a hybrid schedule of three days in-office and two days remote. The Federal Home Loan Bank of Indianapolis focuses on maintaining the stability and liquidity of financial institutions within its district. This Financial Controls Intern position is critical for ensuring the accuracy, integrity, and reliability of the Bank's financial records and reporting, supporting day-to-day accounting operations, and playing a key role in financial reporting and internal controls.

The TL;DR

• Role: Internship
• Type: Seasonal (Summer 2027)
• Location: Hybrid Indianapolis, IN
• Team: Financial Controls
• Mission: This person helps ensure the accuracy, integrity, and reliability of the Bank's financial records and reporting, supporting day-to-day accounting operations, and playing a key role in financial reporting and internal controls to safeguard assets, ensure accounting compliance, and support risk management.

What You'll Actually Do

• Operations: Contribute to the daily operations of the Financial Controls team, which is vital for maintaining the Bank's financial health.
• Reconciliation: Reconcile daily accounts to ensure accuracy and completeness of financial data.
• Journal Entries: Post daily journal entries in strict accordance with established accounting standards.
• General Ledger: Assist with the daily general ledger close process, contributing to timely financial reporting.
• Project Support: Support various ongoing and ad hoc projects, specifically those related to accounting, financial reporting, and internal controls over financial reporting.

The Must-Haves

• Background: This role requires active enrollment in an undergraduate degree program, specifically majoring in Accounting and/or Finance.
• Experience: Candidates must have completed at least their sophomore year of undergraduate studies to be eligible for the program.
• Skills: Essential skills include effective written and verbal communication, the ability to work both independently and collaboratively within team settings, a strong detail-orientation, organizational proficiency, and a proactive eagerness to solve problems.