Job opening: MISSION TRANSACTION UNIT INTERN
Published at: Apr 02 2024
Employment Type: Multiple Schedules
DFC ranked a Best Places to Work in 2022.
Unpaid internships with DFC are offered year round in Washington, D.C., and can last from 12 weeks to 12 months. Duties vary based on the department and/or office in which the intern is placed. DFC's Internship Program offers valuable experience that contributes to educational and professional growth, and may be applied in any future employment endeavor, including federal, state and local governments or in the private sector.
Duties
MTU's client base, market focus, and strategy cover a broad range of high-impact sectors (agriculture, education, energy, healthcare, infrastructure, financial services, water and sanitation) with a core focus on innovative and inclusive financial services. The MTU team provides investments and technical assistance to financial intermediaries (including funds, investment companies, and commercial lenders) and directly to private sector companies. Interns serve as junior financial analysts and may be involved in all stages of project development and relationship management as part of a project team. Interns also work on tasks in any stage of the origination, relationship management, and compliance process for three to six transactions, depending on the number of transactions that a project team is involved in. Additional duties include:
Reviewing applications for financing and financial statements;
Building or analyzing models of projected project cash flows;
Researching various policy issues;
Preparing country economic and political risk analyses;
Preparing credit reviews of outstanding loans;
Collaborating with Investment Officers to present the proposed loan to an approval committee;
Working with members of other departments to receive required policy clearances; and
Working with a project team to construct term sheets, participate in negotiations on loan agreement terms, or assist in the processing of disbursement requests.
Requirements
- Must be suitable for Federal employment, determined by background investigation
- Selective Service registration required for male applicants, unless exempt
- Must be actively enrolled (at least part-time) in an accredited college or university
- U.S. Citizenship is required
Qualifications
Applicants must be U.S. citizens enrolled at least part-time in an accredited college or university in an undergraduate or graduate level program studying Finance, Accounting, International Affairs, International Development, International Relations or International Economics. Enrollment in a graduate level program in the above mentioned areas of study and international business experience are highly desired. Exposure to and experience in excel and financial modeling, as well as excellent research and communication skills required. Foreign language skills in Spanish, French, and/or Russian is a plus.
Education
ARE YOU USING YOUR EDUCATION TO QUALIFY?
You MUST provide transcripts or other documentation to support your educational claims. Unless otherwise stated: (1) official or unofficial transcripts are acceptable, or (2) you may submit a list with all of your courses, grades, semester, year, and credit for the course. All materials must be submitted by the closing date of the announcement.
PASS/FAIL COURSES:
If more than 10 percent of your undergraduate course work (credit hours) were taken on a pass/fail basis, your claim of superior academic achievement must be based upon class standing or membership in an honor society.
GRADUATE EDUCATION: One academic year of graduate education is considered to be the number of credits hours your graduate school has determined to represent one academic year of full-time study. Such study may have been performed on a full-time or part-time basis. If you cannot obtain your graduate school's definition of one year of graduate study, 18 semester hours (or 27 quarter hours) should be considered as satisfying the requirement for one year of full-time graduate study.
FOREIGN EDUCATION: If you are using education completed in foreign colleges or universities to meet the qualification requirements, you must show the education credentials have been evaluated by a private organization that specializes in interpretation of foreign education programs and such education has been deemed equivalent to that gained in an accredited U.S. education program; or full credit has been given for the courses at a U.S. accredited college or university. For further information, visit:
http://www.ed.gov/about/offices/list/ous/international/usnei/us/edlite-visitus-forrecog.html
Contacts
- Address International Development Finance Corporation
1100 New York Ave. NW
Washington, DC 20527
US
- Name: DFC Intern POC
- Email: [email protected]