Intern – Accounts Payable / Internal Reporting

Job Description

Summer Internship – Accounting | Federal Home Loan Bank of Chicago

The Tone:
This is a summer internship at Federal Home Loan Bank of Chicago, located in Chicago, IL, operating within a collaborative in-office model. The Federal Home Loan Bank of Chicago is a federally chartered corporation, one of 11 FHLBanks established by Congress to improve the availability of funds for home ownership. This specific FHLBank is cooperatively owned by member financial institutions in Illinois and Wisconsin. This internship offers real-world, hands-on experience within the Accounts Payable / Internal Reporting group, contributing to crucial financial operations and analysis.

The TL;DR
• Role: Internship
• Type: Summer
• Location: In-person Chicago, IL
• Pay: $38800–$58100 yearly
• Team: Accounts Payable / Internal Reporting group
• Mission: This individual will gain hands-on experience in financial services, supporting internal accounting procedures, budget analysis, and financial reporting to ensure timely payments and maintain internal controls within a banking environment.
• Tech Stack: Microsoft Excel, Tableau, Microsoft Access

What You’ll Actually Do
• Learn Processes: Learn about the Accounts Payable process flow and the internal controls around it.
• Process Transactions: Assist with the invoice processing system and process supplier payments timely and efficiently.
• Manage General Ledger: Create journal vouchers to post to the general ledger and assist Internal Reporting with reconciling general ledger accounts.
• Analyze and Report Data: Analyze financial data, build reports and presentations for various meetings, and assist with budget analysis and variance reporting.
• Provide Support: Act as a main point of contact for employees with questions about internal accounting procedures and support group activities to promote customer expectations.

The Must-Haves
• Background: Undergraduate program at an accredited institution, at least Sophomore status, with a GPA of at least 3.0. Desired fields of study include IT/MIS, Finance, Economics, Statistics, or Accounting.
• Experience: Demonstrated expertise in Microsoft Excel.
• Skills: Advanced written, analytical, spreadsheet, and database skills.
• Bonus: Experience with Microsoft Access is a plus.