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Main Street Lending Program Finance & Accounting Intern

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Federal Reserve Bank of Boston

Dec 1, 2023

Applications are closed

  • Internship
    Full-time
    Off-cycle Internship
  • Banking & Finance
  • Boston

Requirements

  • Excellent written and oral communications.
  • Strong quantitative and qualitative analytical skills.
  • Proficient Excel skills including experience with VLOOKUP and Pivot tables
  • Effective interpersonal and team building skills.
  • Strong knowledge in financial accounting and reconciliation.
  • Ability to work independently and excellent time management skills.
  • Ability to shift priorities as needs arise.

Responsibilities

  • Conducts financial reconciliation on a variety of topics including accounting records, cash, and accruals
  • Prepares reconciliation explanations and proposed solutions for the remittance and accounting records of the Main Street Lending Program
  • Performs analysis to identify and resolve variances on remittance payments.
  • Prepares financial and business analyses and reporting in such areas as remittance activity, delinquent payments, loan amortization and impairment
  • Coordinate updates of variable interest rate indexes
  • Provide support across Finance, Accounting and Operations team activities as needed
  • Provides functional and operational support across Main Street Lending Program team outside of Finance & Accounting core team as needed
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Federal Reserve Bank of Boston

Public Service that Makes a Difference

Finance
Industry
1001-5000
Employees
1914
Founded Year

Mission & Purpose

The Federal Reserve Bank of Boston is one of 12 banks in the Federal Reserve System that serves as the central bank of the United States. As a leader in financial regulation, monetary policy, and a pioneer of new payment strategies the Boston Fed uses cutting edge technology to achieve its goals and ensure a vibrant economy. As part of the central bank of the United States the Fed is tasked with ensuring the growth and stability of the global economy, and is called upon to respond to financial crises. In order to do this the Federal Reserve Bank of Boston has pioneered cutting edge payment methods, developed state of the art data security programs, and conducted extensive research to assist in policy directives from the Federal Government. The Boston Federal Reserve serves the First Federal Reserve District that includes the six New England states: Connecticut (excluding Fairfield County), Massachusetts, Maine, New Hampshire, Rhode Island and Vermont. With a great and growing commitment to diversity and community outreach, the Boston Fed continues to promote sound growth and financial stability in New England and throughout the nation.