Summer 2026 Intern - Accounting (DFM) (Finance)

Minimum Education

Enrolled in an undergraduate or graduate degree program at an accredited university and returning to continue studies after the internship.

Minimum Experience

0

Summary

The Federal Reserve Board (Board) provides students opportunities for career success. The Board's Internship program is designed to provide valuable work experience for undergraduate and graduate students considering careers including, but not limited to, economics, finance and accounting, information systems, and data analysis. The Board believes that by combining academic endeavors with project-related work experience, qualified and capable college students can gain the practical knowledge need in a competitive global job market. Internships are paid positions with salaries commensurate with credit hours; internships may be in-person, remote or hybrid, depending on the needs of the team. Employment in the Board's internship program is granted to U.S. citizens. Applicants must be currently enrolled in an undergraduate or graduate degree program at an accredited university and returning to continue studies after the internship. Interns receive a syllabus or research project plan outlining their projects and goals for the internship. Interns are assigned a supervisor or mentor to guide them through their internship, and regular check-in meetings with their manager to manage performance expectations and assist with learning goals. Interns have access to a wide range of training programs and events for professional development purposes.The Accounting intern will assist the accounting team in our Division of Financial Management with day-to-day operations and closing activities of Accounting, Accounts Payable, Travel, and Property Management, to include:

Preparing account analyses reconciliations of general ledger accounts which includes ensuring that the accounts are reconciled to detailed transaction data.

Research and resolve reconciling items.

Preparing journal entries.

Performing month-end closing duties and analyzes various receivable and suspense accounts.

Performing ad hoc research and analysis as determined by business needs.

Monitoring and reporting on current and changing accounting and auditing topics.

Shadow the AP function to gain an understanding of the daily AP process.

Assist with processing AP invoices.

Shadow the Accountants to gain an understanding of the monthly prepaid expense.

Assist with preparing the monthly prepaid expense amortization schedules.

Assist Accounting & Travel with pulling documentation for NFS transactions.

Suggested Major/Minor: Accounting, Accounting Information Systems, Accounting & Finance.

Required Skills: Strong business and financial analysis skills in addition to knowledge of Adobe CS and MS Office Suite.

Required Documents for Application: Resume and cover letter; an unofficial transcript may be requested.

Location: This internship will be fully onsite at our offices in Washington, DC.

US Citizenship is required for all Board internships and applicants must be current students, graduating from their program Fall 2026 or later.