This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/job/777156400. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.
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Summary
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.
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Overview
- Hiring complete
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Open & closing dates
02/16/2024 to 11/14/2024
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Salary
$0 - $0 without compensation
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Pay scale & grade
GS 00
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Location
Many vacancies in the following location:
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Remote job
No
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Telework eligible
Yes—as determined by the agency policy.
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Travel Required
Not required
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Relocation expenses reimbursed
No
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Appointment type
Internships
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Work schedule
Multiple Schedules
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Service
Competitive
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Promotion potential
None
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Job family (Series)
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Supervisory status
No
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Security clearance
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Drug test
No
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Position sensitivity and risk
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Trust determination process
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Announcement number
DFC-INTRN-24-OSBFS-12323459
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Control number
777156400
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Duties
Interns receive exposure to international corporate finance transactions and work with seasoned financiers in the loan origination process. The loan life cycle includes underwriting, due diligence and Know Your Customer review, an approval process with papers written for the purpose of obtaining approval from Credit Policy, Investment Committee and the Board of Directors (if applicable), loan agreement negotiations and disbursement. After disbursement, a project is transferred to a monitoring group.
As part of the Office of Small Business and Financial Services (OSBFS), the mission of the Sustainable and Inclusive Finance (SIFT) team is to mobilize private capital into innovative, high-impact social enterprises to enable them to expand their operations and help solve critical developmental challenges. The SIFT team's client base, market focus and strategy cover a broad range of impact investment sectors (micro and SME finance, including access to finance for healthcare, education, sustainable agriculture, housing, water and sanitation enterprises) and address the needs of people living at the base of the economic pyramid. The SIF team provides loans to high impact financial intermediaries, including funds, investment companies and commercial lenders. Interns serve as junior financial analysts and may be involved in all stages of project development as part of a project team. Interns also work on tasks in any stage of the origination 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.
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Requirements
Conditions of Employment
- 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
- Interns must be based in the United States during the duration of their internship.
Qualifications
Applicants must be United States citizens actively enrolled at least part-time in an accredited college or university in a relevant graduate degree program. The ideal candidate should have a graduate level academic concentration in business, international affairs/development, economics, or finance. Previous experience within a financial institution, social enterprise, and/or impact investing is highly desired. Exposure to and experience in excel and financial modeling, as well as excellent research and communication (oral & written) skills required.
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
Benefits
How You Will Be Evaluated
You will be evaluated for this job based on how well you meet the qualifications above.
Applications will be reviewed to ensure eligibility under this program. Applications of eligible students will be forwarded to the Department for consideration. A separate application should be submitted for each internship of interest.
Benefits
Required Documents
As a new or existing federal employee, you and your family may have access to a range of benefits. Your benefits depend on the type of position you have - whether you're a permanent, part-time, temporary or an intermittent employee. You may be eligible for the following benefits, however, check with your agency to make sure you're eligible under their policies.
To apply for this internship, you must provide a complete Application Package which includes:
1. Resume showing work schedule, hours worked per week, dates of employment and duties performed.
2. Cover Letter (optional)
3. Unofficial Transcript(s) or proof of enrollment.
How to Apply
Do not submit photographs with your application package. Documents with photographs may not be seen by hiring officials - you must remove your image from any badges, licenses, etc.
Applicants for the DFC Unpaid Student Volunteer (Internship) Program must submit a resume and unofficial transcript in order to be considered for placement. NOTE: Incomplete packages will not be considered.
The recommended deadlines for application are:
Summer - Apply by March 15
Fall - Apply by September 1
Spring - Apply by January 1
Please submit an application for each program of interest.
Applications are accepted year-round based upon agency need;
Please visit USAJobs.gov to view current internship vacancies, learn more about DFC Offices, and review specific qualification requirements for each internship. If you have any questions, please email dfcinternopportunity@dfc.gov. .
If experiencing a significant hardship which hinders your ability to apply on-line, please contact the Agency Contact listed on this announcement at least two business days before the closing date, to discuss your situation. Failure to contact us within sufficient time may result in your hardship request being denied.
Agency contact information
DFC Intern POC
- Address
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International Development Finance Corporation
1100 New York Ave. NW
Washington, DC 20527
US
Next steps
You will receive a notification if you are referred to a DFC Internship Coordinator for further consideration. Due to the high volume of applications, we are unable to respond individually to application status inquiries.
Fair and Transparent
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
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Required Documents
To apply for this internship, you must provide a complete Application Package which includes:
1. Resume showing work schedule, hours worked per week, dates of employment and duties performed.
2. Cover Letter (optional)
3. Unofficial Transcript(s) or proof of enrollment.
Help
Learn more about this agency
How to Apply
Do not submit photographs with your application package. Documents with photographs may not be seen by hiring officials - you must remove your image from any badges, licenses, etc.
Applicants for the DFC Unpaid Student Volunteer (Internship) Program must submit a resume and unofficial transcript in order to be considered for placement. NOTE: Incomplete packages will not be considered.
The recommended deadlines for application are:
Summer - Apply by March 15
Fall - Apply by September 1
Spring - Apply by January 1
Please submit an application for each program of interest.
Applications are accepted year-round based upon agency need;
Please visit USAJobs.gov to view current internship vacancies, learn more about DFC Offices, and review specific qualification requirements for each internship. If you have any questions, please email dfcinternopportunity@dfc.gov. .
If experiencing a significant hardship which hinders your ability to apply on-line, please contact the Agency Contact listed on this announcement at least two business days before the closing date, to discuss your situation. Failure to contact us within sufficient time may result in your hardship request being denied.
Agency contact information
DFC Intern POC
- Address
-
International Development Finance Corporation
1100 New York Ave. NW
Washington, DC 20527
US
Next steps
You will receive a notification if you are referred to a DFC Internship Coordinator for further consideration. Due to the high volume of applications, we are unable to respond individually to application status inquiries.
Fair & Transparent
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
Beginning of a dialog window for the agency announcing this job. It begins with a heading 2 called "Learn more about Field Operating Offices of the Office of the Secretary of the Army". Escape will cancel and close the window.
Learn more about
Development Finance Corporation (formerly Overseas Private Investment Corporation)
DFC is one of the best places to work! In 2022, DFC was ranked No. 9 among small agencies in the Best Places to Work in the Federal Government® Rankings. To learn more, visit dfc.gov.
Become part of the U.S. International Development Finance Corporation! DFC is America's development bank. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, critical infrastructure, and technology. DFC also provides financing for small businesses and women entrepreneurs in order to create jobs in emerging markets. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.
Agency contact information
DFC Intern POC
- Address
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International Development Finance Corporation
1100 New York Ave. NW
Washington, DC 20527
US