Financial Controls Intern

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

Benefits offered by this job

10-week internship

Hybrid schedule (onsite 3 days / 2 rem

Professional development

Networking opportunities

Dress for your day policy

Job summary

The Federal Home Loan Bank of Indianapolis is inviting applications for its 2027 Summer Internship Program. This 10-week paid internship offers hands-on technical experience and opportunities to develop professional skills while networking across multiple departments.

Interns must be located in Indianapolis and commit to a hybrid schedule (3 days in office, 2 days remote) with an inclusive, collaborative work environment and exposure to finance and banking practices.

Qualifications

• Actively enrolled in an undergraduate degree program.
• Have completed at least their sophomore year of undergraduate studies.
• Major 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.

Responsibilities

• 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!).

Skills

Team collaboration

Strong communication

Problem-solving

Detail-oriented

Education

Undergraduate student with sophomore year completed

Accounting or 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

• 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. The Federal Home Loan Bank of Indianapolis focuses on recruiting, hiring , developing, and retaining a talented workforce by providing an environment that enables them to succeed. Equal opportunity and an inclusive culture are essential to building and maintaining our competitive edge - and are key to our current and future individual and business successes. To provide bank staff with both personal and professional growth, FHLBank Indianapolis offers excellent training and mentoring programs. Our current qualified staff includes more than 200 people with a wide range of abilities and backgrounds.