Student Internship – Investment Accounting

Qualifications

• Full-time student working towards a 4-year undergraduate degree in a related field.
• Strong desire to learn about the investment accounting opportunities for an institutional pension investor.
• Self-starter with professionalism and ability to manage multiple projects and priorities.

 Preferred

• Sophomore, junior, or senior with previous coursework in finance, economics, accounting, or other applicable areas of study
•  Proficiency with Microsoft Excel and gathering and summarizing large data sets.
• Enrollment or interest in pursuing professional accreditation program (CPA, CFA, etc.).

 This position requires the successful completion of a background check.

The State of Montana has a decentralized human resources (HR) system. Each agency is responsible for its own recruitment and selection. Anyone who needs a reasonable accommodation in the application or hiring process should contact the agency’s HR staff identified on the job listing or by dialing the Montana Relay at 711. Montana Job Service Offices also offer services including assistance with submitting an online application.

State government does not discriminate based on race, color, national origin, religion, sex, sexual orientation, gender identity or expression, pregnancy, childbirth or medical conditions related to pregnancy or childbirth, age, physical or mental disability, genetic information, marital status, creed, political beliefs or affiliation, veteran status, military service, retaliation, or any other factor not related to merit and qualifications of an employee or applicant.

This is an opportunity to work alongside professionals from various accounting backgrounds, such as governmental, private, public, investment, and banking industries, while making meaningful contributions to the Montana Board of Investments (BOI) mission and gaining relevant work experience. BOI manages approximately $28 billion in investments for state entities and local government participants. The BOI also manages roughly $75 million in bonds payable with the proceeds funding a revolving low-interest loan program for state entities and local government borrowers. The Investment Accounting Intern will also work with the various investment teams at the BOI to perform the assigned duties.

The investment accounting team processes, records, and documents daily investment transactions using multiple accounting systems. The accounting team prepares entries from both the investment pool and the participant’s perspective. While some projects are predetermined, there will be impromptu projects requiring the ability to research, analyze, and problem-solve discrepancies. A strong aptitude with Excel is necessary. The Investment Accounting Intern will have the opportunity to learn how to use the Statewide Accounting, Budgeting, and Human Resources System (SABHRS) and multiple bank systems. 

• Attend investment accounting meetings on daily operations, including internal controls.
• Learn and understand the organization of the BOI and the various roles and functions of the investment accounting team.
• Participate in the monthly and annual close processes.
• Prepare journal entries and account analyses.
• Collaborate on the preparation of the annual financial statements.
• Analyze, research, and resolve discrepancies.
• Assist Senior Accountants and Accounting Managers in daily accounting activities and month and year-end close procedures.
• Analyze and reconcile financial reports and records.
• Review, research, and recommend improvements to analysis and reporting.
• Extensively use Excel to complete assigned projects, which could include but are not limited to:
  • Reconciliations
  • Compiling information for financial statements and other reports
  • End-of-day document processing
  • Daily cash and cash equivalent review
  • Loan payment and funding processing
• Other duties/projects as assigned.

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