Accounting Internship – Investments & Derivatives

Job Description

Accounting Intern | Federal Home Loan Bank of Dallas

The Tone:
This is a full-time internship at Federal Home Loan Bank of Dallas, located in Irving, TX. FHLB Dallas is a critical intermediary that connects capital markets with approximately 80% of all U.S. lending institutions, ensuring they have access to readily available, low-cost funding. This support significantly boosts the availability of credit for residential mortgage lending and investment in vital housing and community development initiatives. As an Accounting Intern, you will gain invaluable hands-on accounting experience within the financial services industry, exposing you to a diverse range of accounting rules and practices in a concentrated timeframe.

The TL;DR
• Role: Internship
• Type: Full-time
• Location: In-person Irving, TX
• Mission: Contribute to the accounting of complex financial instruments by understanding their lifecycles, valuation, and impact on financial statements.

What You’ll Actually Do
• Explore: Dive into the complex world of investments, debt, mortgages, and derivatives.
• Observe: Witness how financial trades are entered, documented, tracked, valued, and recorded.
• Learn: Develop a comprehensive understanding of the structures, purposes, and financial statement impacts of financial instruments and associated hedge accounting.
• Analyze: Gain insight into the operational processes of an investments and derivatives back office.

The Must-Haves
• Background: Undergraduate or Graduate Degree with a concentration in Accounting.
• Experience: No prior professional experience required; applicants must maintain an overall GPA of 3.5 or higher.
• Skills:
• Strong problem-solving and analytical abilities
• Exceptional organizational skills and attention to detail
• Excellent verbal and written communication
• Demonstrated ability to work effectively in a team
• Proactive approach to learning and following instructions