Financial Controls Intern

Federal Home Loan Bank of Indianapolis (FHLBI); Indianapolis (IN); Hybrid; USD 25,000 - 39,000; Full time

Job summary

The Federal Home Loan Bank of Indianapolis invites applications for its 2027 Summer Internship Program. This 10-week paid internship offers hands-on financial controls experience, collaboration across departments, and networking opportunities in Indianapolis.

Interns will work a hybrid schedule (3 days in office/2 days remote) and gain exposure to accounting, reporting, and controls best practices. Ideal candidates are undergraduate students in Accounting or Finance, with at least sophomore

Qualifications

• Undergraduate student enrolled in a degree program.
• Sophomore year completed.
• Majoring in Accounting and/or Finance.
• Strong written and verbal communication.
• Able to work independently and in a team.
• Detail-oriented and organized; eager to solve problems.

Responsibilities

• Contribute to daily operations of the Financial Controls team.
• Reconcile daily accounts for accuracy and completeness.
• Post daily journal entries per accounting standards.
• Assist with the daily general ledger close process.
• Support ongoing and ad hoc accounting projects.
• Participate in accounting, financial reporting, and internal controls projects.
• Apply problem-solving and communication skills across teams.
• Contribute to meaningful projects aligned with your field.
• Gain exposure to the finance and banking industry.
• Join team-building activities, a group project, service event, and professional sessions.

Skills

Communication skills

Team collaboration

Analytical thinking

Problem solving

Attention to detail

Education

Undergraduate degree program

Sophomore year completed

Accounting/Finance major

Job description

Are you ready to turn your classroom knowledge into real-world experience?

Do you enjoy collaborating with others and working as part of a team? If so, the Federal Home Loan Bank of Indianapolis (FHLBank) invites you to apply for our 2027 Summer Internship Program!

We’re looking for well-rounded, motivated students to join us for a 10-week paid internship where you’ll gain hands‑on technical experience in your field of study, opportunities to develop key professional skills, and valuable networking connections to support future career growth. Beyond traditional internship responsibilities, participants join a cohort of 11 interns across multiple departments, engaging in collaborative group activities while also working closely with their assigned teams to build essential technical and professional competencies. Interns must be located in Indianapolis during the duration of the program and be willing to commit to a hybrid schedule of 3 days in office/2 days remote each week.

What You’ll Experience

The Financial Controls team helps ensure the accuracy, integrity, and reliability of the Bank’s financial records and reporting. The team supports day-to-day accounting operations. In addition, they play a key role in financial reporting and internal controls, helping to safeguard the organization’s assets, ensure compliance with accounting standards, and support effective risk management.

As a Financial Controls Intern At FHLBank, You’ll

• Contribute to the daily operations of the Financial Controls team.
• Reconcile daily accounts to ensure accuracy and completeness.
• Post daily journal entries in accordance with accounting standards.
• Assist with the daily general ledger close process.
• Support various ongoing and ad hoc projects.
• Participate in initiatives related to accounting, financial reporting, and internal controls over financial reporting.
• Apply strong problem-solving and communication skills to collaborate across teams and present analytical results effectively.
• Contribute to meaningful projects that align with your field of study.
• Gain exposure to the finance and banking industry.
• Participate in team-building activities, a group project, a community service event, and professional development sessions (including dining etiquette!).

Who We’re Looking For

We’re seeking students who:

• Are actively enrolled in an undergraduate degree program.
• Have completed at least their sophomore year of undergraduate studies.
• Are majoring in Accounting and/or Finance.
• Communicate effectively, both in writing and verbally.
• Work well independently and in team settings.
• Are detail-oriented, organized, and eager to solve problems.

Program Highlights

• 10-week paid internship from June to August.
• Flexible hybrid workforce model: Onsite three days a week and two days remote.
• Competitive hourly rate.
• “Dress for your day” dress code: You choose the appropriate work attire based on what your day looks like.
• Professional development and networking opportunities.
• Inclusive and collaborative work environment.

The Federal Home Loan Bank of Indianapolis is an Equal Opportunity Employer.