Financial Management Intern

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is part of the nation’s central bank. We’ve provided many opportunities for professional growth during our history. For twenty‑seven years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.

Follow us on Linked In, Twitter, Instagram, and our You Tube channel – Cleveland Fed

To be considered for this role, candidates must be a U.S. citizen, permanent resident, or green card holder.

Take your skills to the next level and gain valuable experience contributing to work within Financial Management.

• Assist with execution of the current department strategic plan and be a part of developing future strategic initiatives for implementation in 2027 and beyond
• Learn about the unique aspects of the Federal Reserve Bank’s financial statements
• Assist with the preparation of journal entries, management of the general ledger, and account reconciliations
• Assist with annual asset confirmation survey and salvage value review
• Learn the fundamentals of budget preparation, maintenance, and customer service
• Assist with preparing and distributing customer reports along with developing new job aids and training materials to support ongoing customer engagement strategies
• Learn about Agile methodologies and how they can be useful in product and tool development to meet stakeholders needs efficiently
• Assist in the development of new data analytics tools and visualizations which will be used for executive-level reporting
• Assist with the identification, monitoring, and resolution of key process risk and controls
• Work with the sourcing team on procure-to-pay activities
• Research sourcing and contract data information within the Bank’s Enterprise Resource Planning Applications
• Learn sourcing and procurement concepts and its impact on all financial management functions

• Currently pursuing an undergraduate or graduate degree in Finance, Accounting, Business, Data Analytics, or a related field with a minimum GPA of 3.0.Should have at least one semester left to complete in school.
• Strong computer/technical skills required.
• Proficiency with Microsoft Office products, specifically Excel and Access (or familiarity with other data access tools).
• Ability to work in a deadline driven environment and ability to multitask.
• Ability to work both in a group setting and on an individual basis.
• Strong oral and written communication skills.

• Hands‑On
  
  Experience:
  
  Gain practical experience and insights into the operations field through real‑world projects and challenges.
• Mentorship:
  Receive guidance and mentorship from experienced professionals who are committed to your development.
• Networking Opportunities:
  Build connections within the industry and with fellow interns and employees.
• Professional Development:
  Participate in workshops, training sessions, and seminars designed to enhance your skills and knowledge.

• Our interns will work onsite at our Cleveland, Ohio location.
• We’re looking for collaborative and innovative full‑time students entering their sophomore year or beyond.
• Our student interns work 40 hours per week for the duration of a 10‑to‑12‑week internship that starts as early as June and ends as late as September, depending on student schedules and business needs.
• The expected starting salary range for this position is between $20.50 and $26.00 hourly.
• Final salary and offer will be determined by the applicant’s background,…