Development Finance Corporation Finance Internship 2024

Job Description

The U.S. International Development Finance Corporation (DFC) offers unpaid internships throughout the year in Washington, D.C., ranging from 12 weeks to 12 months. Interns gain hands-on experience in various DFC departments, contributing to their educational and professional growth. This internship program provides valuable insights and skills applicable to future employment in government or the private sector.

Responsibilities

Intern duties vary by department and may include the following:

• Finance Project Team: Graduate interns on project finance teams collaborate with senior finance professionals and participate as junior analysts. Responsibilities may involve:
  • Reviewing financing applications and financial statements.
  • Conducting financial modeling and sensitivity analysis for projected cash flows.
  • Writing economic summaries and conducting political risk analyses.
  • Assisting in preparing loan documentation for Credit or Investment Committee review.
  • Collaborating with Investment Officers and other departments to complete project clearances and approvals.
  • Assisting in processing disbursement requests for project financing.
  • Reviewing applications for financing and political risk insurance and conducting Character Risk Due Diligence (CRDD).

Qualifications

To qualify for the DFC internship, applicants must meet the following criteria:

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• Citizenship: U.S. citizenship is required.
• Education: Actively enrolled (at least part-time) in a relevant graduate degree program at an accredited college or university. Accepted fields include Finance, Accounting, International Affairs, International Development, International Relations, or International Economics.
• Academic Enrollment: Must be continuously enrolled without a gap of more than five months since the last academic term.

Experience

• Relevant work experience, particularly in business or international business, is required.
• Experience in financial analysis or international project finance is highly beneficial.

Skills

Candidates should possess the following skills:

• Strong analytical skills and proficiency in financial modeling.
• Basic knowledge of finance and international business principles.
• Effective communication skills and ability to collaborate in a team-oriented environment.

Job Benefits

Although this is an unpaid internship, benefits include:

• Hands-on experience in project finance and exposure to international development finance.
• Opportunities to collaborate with experienced finance professionals.
• Access to a network of professionals and potential mentors within DFC.

How to Apply

To apply, candidates must submit a complete application package, including:

1. Resume: Detail work experience, including work schedule, hours per week, dates of employment, and duties.
2. Cover Letter (optional): Describe relevant experience and interest in the DFC internship program.
3. Unofficial Transcripts: Proof of enrollment in an accredited academic program.

Application Notes
Do not include photographs in your application materials, as documents containing images may not be considered. Incomplete applications will not be reviewed.

Evaluation Process
Applications are evaluated based on eligibility and qualifications. Eligible applications are forwarded to the appropriate DFC department for further consideration. A separate application must be submitted for each internship position of interest.