Summer Internship - Accounting

FHLBank; Chicago (IL); On-site; USD 39,000 - 58,000; Part time

Benefits offered by this job

401k and Pension

Medical, dental and vision insurance

Lifestyle Spending Account

PTO

11 paid holidays

Job summary

The Federal Home Loan Bank of Chicago is offering an internship in the Accounts Payable / Internal Reporting group. You will gain real-world, hands-on experience in the exciting world of financial services and work on projects including accounts payable, budget analysis, variance reporting, procurement/sourcing, vendor management, and other ad-hoc tasks.

You will work closely with senior team members to meet audit regulations and analyze financial statements, while also gaining exposure to

Qualifications

• Enrolled in an undergraduate program at an accredited institution.
• Sophomore status at a four-year institution.
• GPA of at least 3.0 and good academic standing.
• Demonstrated expertise in Microsoft Excel; Access is a plus.
• Preferred fields of study: IT/MIS, Finance, Economics, Statistics, Accounting.

Responsibilities

• Processing supplier payments in a timely and efficient manner.
• Creating journal vouchers to post to the general ledger.
• Supporting Internal Reporting with reconciling general ledger accounts.

Skills

Excel

Analytical

Access

Education

Undergraduate program enrolled

Sophomore status

GPA 3.0

Tools

Tableau

Job description

At the Federal Home Loan Bank of Chicago, employees come first - that’s why we offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees.

• Collaborative, in-office operating model
• Retirement program (401k and Pension)
• Medical, dental and vision insurance
• Lifestyle Spending Account
• Competitive PTO plan
• 11 paid holidays per year

An internship with The Federal Home Loan Bank of Chicago is not like your average internship. We can offer you a dynamic, collaborative and team-focused environment you won’t find anywhere else. You’ll be engaged in projects that will provide you with real world, hands‑on experience in the exciting world of financial services. We have an exceptional opportunity for an internship in our Accounts Payable / Internal Reporting group.

The FHLBC is looking to partner with a hard‑working, high‑energy student who is ready to put their knowledge to work. This individual should be ready to demonstrate advanced written, analytical, and spreadsheet / database skills while working on projects that include accounts payable, budget analysis, variance reporting, procurement/sourcing, vendor management, and other ad‑hoc projects. Successful individuals should be following an academic track in IT/MIS, Business, Finance, Statistics, Economics, or Accounting. This is a fantastic opportunity for students who are interested in learning how an internal department of a bank operates. This individual will be introduced to several new software programs and will gain valuable experience working with experienced senior team members to meet audit regulations and analyze financial statements. He/she will also act as a main point of contact for other employees of the Bank who have questions about internal accounting procedures.

We are a federally chartered corporation and one of 11 Federal Home Loan Banks (FHLBanks) that, with the Office of Finance, comprise the Federal Home Loan Bank System. The FHLBanks were chartered by Congress under the Federal Home Loan Bank Act of 1932 to improve the availability of funds to support home ownership. Each FHLBank is cooperatively owned by member financial institutions in its district and operated as a separate entity with its own management, employees, and board of directors. Our district consists of the states of Illinois and Wisconsin. We are regulated by the Federal Housing Finance Agency, an independent federal agency.

Internship includes but is not limited to:

• Learning about the Accounts Payable process flow and the internal controls around it.
• Assisting with the invoice processing system.
• Creating journal vouchers to post to the general ledger.
• Assisting Internal Reporting with reconciling general ledger accounts.
• Analyzing data and building reports and creating presentations for various meetings.
• Obtaining new reporting skills through internal Tableau training courses with the Bank.
• Supporting the group’s activities to promote and maintain internal and external customer expectations.
• Assisting with administrative functions, various assignments and presentations as appropriate.
• Participating in Bank-wide events to learn about a diverse and inclusive culture.

REQUIREMENTS

• Applicants should be enrolled in an undergraduate program at an accredited institution.
• Applicants should be at least Sophomore status at an accredited four‑year institution.
• Should have a GPA of at least 3.0 and be in good academic standing.
• Must have demonstrated expertise in Microsoft Excel - Access a plus.
• Desired fields of study include IT/MIS, Finance, Economics, Statistics, Accounting.

How You’ll Make an Impact

• Processing of supplier payments timely and efficiently
• Creating journal vouchers to post to the general ledger
• Supporting the internal Reporting Group activities to promote and maintain internal and external customer expectations

Salary Range: $38,800.00 - $58,100.00 The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job‑related factors.

In addition to the base salary, we offer a comprehensive benefits package which can be found here: https://hrportal.ehr.com/fhlbc

Our mission at FHLBank Chicago:

To partner with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment, and support for their community investment activities. Simply said, we're a bank for banks and other financial institutions, focused on being a strategic partner for our members and working together to reinvest in our communities, from urban centers to rural areas. Created by Congress in 1932, FHLBank Chicago is one of 11 Federal Home Loan Banks, government sponsored in support of mortgage lending and community investment.