Financial Controls Intern

Job Description

Financial Controls Intern | Federal Home Loan Bank of Indianapolis (FHLBI)

The Tone:
This is a 10-week paid internship program at the Federal Home Loan Bank of Indianapolis (FHLBI), located in Indianapolis and operating on a hybrid schedule of three days in-office and two days remote. The Federal Home Loan Bank of Indianapolis focuses on maintaining the stability and liquidity of financial institutions within its district. This Financial Controls Intern position is critical for ensuring the accuracy, integrity, and reliability of the Bank’s financial records and reporting, supporting day-to-day accounting operations, and playing a key role in financial reporting and internal controls. The program offers hands-on technical experience, professional skill development, and networking opportunities within an inclusive and collaborative environment, with interns participating in a cohort across multiple departments.

The TL;DR
• Role: Internship
• Type: Seasonal (Summer 2027)
• Location: Hybrid Indianapolis, IN

• Team: Financial Controls
• Mission: This person helps ensure the accuracy, integrity, and reliability of the Bank’s financial records and reporting, supporting day-to-day accounting operations, and playing a key role in financial reporting and internal controls to safeguard assets, ensure accounting compliance, and support risk management.

What You’ll Actually Do
• Operations: Contribute to the daily operations of the Financial Controls team, which is vital for maintaining the Bank’s financial health.
• Reconciliation: Reconcile daily accounts to ensure accuracy and completeness of financial data.
• Journal Entries: Post daily journal entries in strict accordance with established accounting standards.
• General Ledger: Assist with the daily general ledger close process, contributing to timely financial reporting.
• Project Support: Support various ongoing and ad hoc projects, specifically those related to accounting, financial reporting, and internal controls over financial reporting.

The Must-Haves
• Background: This role requires active enrollment in an undergraduate degree program, specifically majoring in Accounting and/or Finance.
• Experience: Candidates must have completed at least their sophomore year of undergraduate studies to be eligible for the program.
• Skills: Essential skills include effective written and verbal communication, the ability to work both independently and collaboratively within team settings, a strong detail-orientation, organizational proficiency, and a proactive eagerness to solve problems.