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State of Montana Student Intern - Investment Accounting in Helena, Montana

Summary 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 mission of the Montana Board of Investments (BOI) and gaining relevant work experience. BOI manages approximately $25 billion in investments for state entities and local government participants. The BOI also manages approximately $105 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 Montana Board of Investments in performance of 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 perspective. While some projects are predetermined, there will be impromptu projects that will require 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) as well as multiple bank systems. Overview of Activities and Objectives * 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: o Reconciliations o Compiling financial statements and other reports o End of day document processing o Daily cash and cash equivalent review o Commercial remits (loan payment and funding processing) * Other duties/projects as assigned. Qualifications * Full-time student, junior or senior in fall 2024 semester, working towards 4-year undergraduate degree in related field. * Strong desire to learn about the investment accounting opportunities for an institutional pension investor. * Self-starter with a professional attitude, ability to manage multiple projects and priorities. Preferred * Proficiency with Microsoft Excel, ability to gather and summarize large data sets. * Enrollment or interest in pursuing professional accreditation program (CPA, CFA, etc.). This position requires the successful completion of a background check. NOTE: Summer housing options are available in the community but are not provided by BOI. Title: Student Intern - Investment Accounting Location: Helena Requisition ID: 23143215