Accounting Intern – Investments & Derivatives Accounting

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 Dallas, TX. FHLB Dallas provides readily available, low-cost funding to its members, which comprise about 80% of U.S. lending institutions, thereby increasing the availability of credit for residential mortgage lending and investment in housing and community development. This internship offers accounting experience within the financial services industry, focusing on the FHLBs’ essential role as an intermediary between capital markets and its members. The role is crucial for gaining broad exposure to finance industry accounting rules and practices in a short timeframe.

The TL;DR
• Role: Internship
• Type: Full-time
• Location: Dallas, TX
• Mission: To provide hands-on accounting experience in the financial services industry, exposing interns to the FHLBs’ integral role and a wide range of applicable accounting rules and practices.

What You’ll Actually Do
• Understanding: Dive into the complex world of investments, debt, mortgages, and derivatives.
• Observation: See how trades for financial instruments are entered, documented, tracked, valued, and recorded.
• Learning: Gain a better understanding of the structures, purposes, and financial statement impacts of various financial instruments and associated hedge accounting.
• Operations: Learn about the day-to-day operations of an investments and derivatives back office.

The Must-Haves
• Background: Pursuing an undergraduate or graduate degree with a concentration in Accounting. This is an Entry-Level position.
• Experience: Maintain an overall GPA of 3.5 or higher.
• Skills: Demonstrate strong problem-solving and analytical abilities, be organized and highly detail-oriented, possess excellent verbal and written communication skills, and be an active listener who follows instructions.