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

Federal Reserve System•Newark, NJ

14d

About The Position

The Office of Employee Benefits (OEB), located in Newark, New Jersey, oversees benefit programs for approximately 80,000 current and former Federal Reserve employees and their beneficiaries. Its programs include retirement benefits, health benefits, life insurance, long-term disability, and other personal protection plans. The OEB provides leadership in formulating and administering employee benefit programs for the Reserve Banks, Board of Governors, and Consumer Financial Protection Bureau, with an emphasis on customer service, efficient operations, professional expertise, and innovation. The summer finance intern will be placed in the Finance and Accounting Department and will support projects involving retirement plans, health and welfare programs, and budgets. The internship offers hands-on accounting work and exposure to financial controls and automation projects. The program is competitive and open to rising juniors pursuing a bachelor's degree who demonstrate interest in business, finance, benefits, human resources, information systems, legal, compliance, communications, or a related discipline, along with a strong academic record. Internships are paid. Summer housing is not provided. Applicants must be authorized to work in the United States without current or future visa sponsorship. Employment is contingent on satisfactory completion of required background screening.

Requirements

Be a rising junior pursuing a bachelor's degree.
Demonstrate interest in business, finance, benefits, human resources, information systems, legal, compliance, communications, or a related discipline.
Have a strong academic record.
Have working knowledge of Microsoft Excel, Word, and PowerPoint.
Demonstrate analytical and critical-thinking skills, including the ability to assimilate new information, make sound decisions, and manage multiple tasks.
Communicate effectively in writing and orally.
Grasp information quickly.
Be attentive to detail.
Work productively in a high-performing, collegial atmosphere.
Be authorized to work in the United States without the need for visa sponsorship now or in the future.
Complete required background screening, including fingerprinting, criminal background checks, and education and employment verification, with potential additional screening.

Responsibilities

Gain hands-on accounting experience.
Perform live reconciliations, journal entries, and applicable financial reporting and general ledger work.
Apply controls, including COSO and ICOFR.
Support automation efforts through project testing and build activities.