2027 Summer Internship Program - Office of Employee Benefits (Finance and Accounting)

Location: Newark, NJ

CompanyFederal Reserve Bank of Atlanta

As an employee of the Atlanta Fed, you will help support our mission of promoting the stability and efficiency of the U.S. economy and financial system. Your work will affect the economy of the Southeast, the United States, and the world. The work we do here is important, and how we do it is just as important as what we do. We live our values of integrity, excellence, and respect every day. We do the right thing, we do things right, and we treat people right. A career at the Federal Reserve Bank of Atlanta gives you the chance to do work that touches lives and helps communities prosper.

OUR BANK - The Federal Reserve is the central bank of the United States and is one of the most influential, trusted, and prestigious financial organizations. It consists of twelve Reserve Banks located around the country and the Board of Governors in Washington, D.C. The Federal Reserve Bank of Atlanta territory covers the Sixth Federal Reserve District, which includes Alabama, Florida, and Georgia, and portions of Louisiana, Mississippi, and Tennessee. The Atlanta Fed and the other Reserve Banks play an important part in all three of the Fed's functions: monetary policy, bank supervision and regulation, and the operation of a nationwide payment system.

PLEASE READ

Internships are paid. Summer housing will not be provided. This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change (e.g. emergencies, rush jobs, change in workload or technological developments).

The Office of Employee Benefits (OEB), located in Newark, N.J., comprises a staff of 64 professionals who oversee benefit programs for approximately 80,000 current and former employees of the Federal Reserve, and their beneficiaries. The OEB was established in 1934 to administer the Federal Reserve System’s Retirement [pension] Plan. Over time, the OEB's responsibilities have expanded to include additional retirement benefits, health benefits, life insurance, long-term disability, and other personal protection plans. The OEB's mission is to be a center of excellence, providing leadership in formulating employee benefit programs and operating these programs on behalf of the Reserve Banks, Board of Governors and Consumer Financial Protection Bureau with outstanding customer service, sound and cost-efficient operations, professional expertise, and ongoing innovation.

Summer finance intern at the OEB will be placed into the Finance and Accounting Department and will be involved in projects supporting retirement plans, health and welfare program as well as budget assignments.

The program is extremely competitive, and size is limited. As a summer intern at the OEB, applicants must have a demonstrated interest in business, finance, benefits, human resources, information systems, legal, compliance, communications or a related discipline and a strong academic record. Specific skills may be required depending on area and project. This program is open to rising juniors pursuing a bachelor’s degree.

Responsibilities

• Hands-on accounting experience
• Live reconciliations, journal entries, and applicable financial reporting and general ledger work
• Practical applicable of controls (COSO and ICOFR)
• Support automation efforts through testing and build (projects)

Qualifications

• Working knowledge of MS Excel, MS Word, MS PowerPoint;
• Strong analytical and critical thinking skills demonstrated by the ability to assimilate new information, make sound decisions, and manage multiple tasks;
• Ability to communicate effectively, both orally and written;
• Ability to grasp information quickly;
• Attention to detail; and
• Ability to work productively in a high-performing, collegial atmosphere.

Please include resume, cover letter and unofficial transcript. You should indicate your work area(s) of interest in your cover letter.

CORE COMPETENCIES

Proficient in Microsoft Office Suite

Excellent communication skills (verbal and written)

Strong analytical skills

Ability to work independently and take ownership of projects

Great work ethic and detail oriented

Comfortable working across time zones to complete projects in a timely manner

OUR BENEFITS TO INTERNS (some benefits are subject to being onsite):

Professional development opportunities

Networking

Free LinkedIn Learning access

Free access to our FedFuel career development tool

Dress for your day

Flexible hours

TO APPLY

In addition to your application, please attach a resume and a copy of your most recent unofficial transcript.

Additional Requirements

This position will require at minimum fingerprinting for a criminal background check, education and employment verification, along with potential additional screening requirements due to the information accessed while performing the job. Any offer of employment is contingent upon satisfactory results of any required background screening. These screenings would be initiated at the time of offer acceptance and can take up to approximately 8 weeks to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well.

For Law Enforcement positions, physical, psychological, drug, stress/EKG, and attending an academy will be required.

Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.

Federal Reserve Bank of Atlanta employees must comply with the Bank’s ethics rules. These rules generally prohibit employees, their spouses/domestic partners, and minor children from holding fina