Accounting Intern

Job Description

Accounting Intern | Axos Bank

The Tone:
This is a 12-week summer internship at Axos Bank, structured to provide immersive, hands-on experience. While specific location for all interns isn’t stated, San Diego interns will have access to onsite amenities, implying a potential in-person experience. Axos Bank operates as a technology-driven financial institution, delivering digital financial tools and services to individuals, small businesses, and companies. As a publicly traded holding company (NYSE: AX), Axos focuses on providing innovative solutions and valuable services to its customers. This Accounting Intern role is crucial for supporting high-priority initiatives within the Loan Accounting and CECL team, allowing experienced team members to concentrate on strategic projects and critical month-end responsibilities while the intern gains practical skills in a financial environment.

The TL;DR
• Role: Internship
• Type: Temporary
• Location: In-person San Diego, CA
• Pay: $20–$23 hourly
• Team: Loan Accounting and CECL team
• Mission: This intern will assist with data analysis, process documentation, reconciliations, testing, and reporting activities to support key initiatives and allow experienced team members to focus on strategic projects and critical month-end close responsibilities.

What You’ll Actually Do
• SOX Documentation: Gain exposure to Sarbanes–Oxley (“SOX”) documentation for accounting and other business units, learn best practices, and assist in maintaining and updating a documented system of accounting policies, procedures, and process documents.
• Month-End Processes: Prepare periodic, month-end, and quarter-end journal entries, execute the month-end close process, and perform month-end reconciliations for general ledger accounts and month-end roll forward schedules.
• Financial Reporting: Gain exposure to and assist in the preparation of financial reporting schedules according to U.S. GAAP standards to populate U.S. Securities and Exchange Commission (“SEC”) and Federal Regulator filings.
• Audit Support: Prepare support for independent public accounting auditors, federal regulators, and internal auditors.
• Process Improvement: Improve efficiency through the implementation of reports that minimize manual reporting processes and manual reconciliations, organization, and coordination processes.

The Must-Haves
• Background: Entry-Level. This role is designed for an aspiring accounting professional seeking to acquire foundational experience and working knowledge of various accounting and financial reporting rules and best practices within a regulated financial institution.
• Experience: No specific prior professional experience is required. Candidates should demonstrate the potential to develop abilities in analyzing and interpreting accounting guidance, managing multiple priorities effectively, problem-solving, and producing professional, accurate work efficiently even under time constraints.
• Skills: Foundational understanding of accounting principles, including U.S. Generally Accepted Accounting Principles (GAAP) and Sarbanes–Oxley (SOX) concepts. Practical skills in data analysis, process documentation, preparing and performing account reconciliations, supporting testing activities, and assisting with financial reporting preparations are essential for success in this role.