Accounts Payable / Internal Reporting Internship – Accounts Payable and Internal Reporting

Job Description

Summer Internship – Accounting | Federal Home Loan Bank of Chicago

The Tone:
This is a summer internship at the Federal Home Loan Bank of Chicago, located in Chicago, IL (in-office). The Federal Home Loan Bank of Chicago is a federally chartered corporation, one of 11 FHLBanks in the system, established by Congress to improve the availability of funds for home ownership. It is cooperatively owned by member financial institutions in its district (Illinois and Wisconsin) and regulated by the Federal Housing Finance Agency. This role offers real-world, hands-on experience in financial services, providing support to the Accounts Payable and Internal Reporting groups, which are crucial for the bank’s operational integrity and regulatory compliance.

The TL;DR
• Role: Internship
• Type: Seasonal
• Location: In-person Chicago, IL
• Pay: $38800–$58100 yearly
• Team: Accounts Payable / Internal Reporting group
• Mission: This person supports the Accounts Payable and Internal Reporting functions, ensuring timely supplier payments, accurate general ledger postings, and effective financial analysis.
• Tech Stack: Microsoft Excel, Tableau

What You’ll Actually Do
• Accounts Payable: Gain understanding of the Accounts Payable process flow and its internal controls.
• Financial Transactions: Assist with the invoice processing system and create journal vouchers to post to the general ledger.
• Reporting & Analysis: Reconcile general ledger accounts, analyze financial data, and build reports and presentations for meetings.
• Skill Development: Obtain new reporting capabilities through internal Tableau training courses provided by the Bank.
• Customer Engagement: Support group activities to promote and maintain internal and external customer expectations, and act as a main point of contact for internal accounting procedure questions.

The Must-Haves
• Background: Enrolled in an undergraduate program at an accredited institution, with at least Sophomore status and a GPA of 3.0 or higher.
• Experience: Demonstrated expertise in Microsoft Excel.
• Skills: Advanced written, analytical, and spreadsheet/database skills.
• Bonus: Proficiency in Microsoft Access; academic track in IT/MIS, Business, Finance, Statistics, Economics, or Accounting.