2027 CIB Accounting and Finance Summer Internship

Job Description

Seeking a highly motivated, detail-oriented individual to work in the accounting department of a U.S. broker-dealer and branch subsidiary of a multinational financial services group based out of Spain.

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Job Description:

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This internship will provide exposure to the various facets of accounting for financial institutions. The intern will get exposure to working with the broker-dealer, bank and cost management teams and this will provide a diversity of knowledge in different financial products and systems. This position will also have exposure to certain front office business teams and with senior management in the Finance area.

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The detailed list of responsibilities is below:

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• Assist in preparation of journal entries for investment banking fees, including review of deal documents and internal records to ensure accuracy of booking
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• Assist in preparation of journal entries for operating expenses and ensure proper authorization supports the expenses
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• Assist in daily reconciliations of the firm’s bank accounts, including the operating accounts and payroll accounts
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• Track and analyze operating expenses by lines of business
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• Assist in preparing month-end reconciliations and assist in month-end closing process
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• Assist in preparing allocation of expenses by department for invoices to send to Accounts Payable
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• Analyze daily fluctuations in P&L by product and prepare explanations of significant changes to be sent to the CFO
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• Assist in reconciling payroll related accounts on a monthly basis
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• Assist cost management team in cost allocation, expense reporting, etc.
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• Other ad-hoc projects, as needed
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Qualifications

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• Majoring in Business
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• Ability to understand and solve accounting issues
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• Proficient in Microsoft Excel, Word, and PowerPoint, knowledge of pivot tables and more complex formulas in excel is a plus
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• Well organized and detailed oriented
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• Quick learner, self-motivated and a team player
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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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With respect to this position in our New York Office, the expected hourly rate is $30/hour. It is not typical for offers to be made at or near the top of the range. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.

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*Employment eligibility to work with BBVA in the U.S. is required as the company will not pursue visa sponsorship for these positions.

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