Accounting Policy InternHybridNew York (US)40 hoursInternshipPublished on October 8, 2024

Accounting Policy at Rabobank plays a pivotal role in ensuring financial and regulatory compliance as well as maintaining high standards of accounting expertise within the organization. We are subject matter experts in accounting and regulatory reporting matters, global financial regulations (Federal Reserve Board), accounting principles (US GAAP and IFRS), and reporting standards.

Our Shared Future

"Our Rabobank North America internship program serves as our primary source of identifying and developing new talent. This summer training program is designed to offer our interns a learning experience where they actively contribute to the business and explore the career paths that Rabobank offers worldwide." - Head of Wholesale Banking North America

You and Your Job:

Accounting Policy is responsible for developing and maintaining robust accounting policies and procedures that align with regulatory requirements, industry best practices, and internal controls. Accounting Policy also collaborates closely with Corporate Accounting, Risk, senior management, and auditors to ensure accurate reporting in addition to providing guidance and technical training to relevant stakeholders from time to time.

As business partner, we collaborate closely with front office to evaluate complex transactions from an accounting perspective and provide expert analysis on the appropriate accounting treatment to foster effective decision-making and risk management.

Job Responsibilities:

Finance

• Establish comprehensive accounting policies that align with regulatory requirements, industry best practices, and internal controls. This involve researching, analyzing, and interpreting accounting standards (US GAAP and IFRS) to ensure accurate financial reporting and compliance.
• Act as accounting subject matter expert, providing guidance and support to Corporate Accounting, front office bankers and other stakeholders such as Risk on the accounting treatment of complex transactions and critical accounting policies such as Current Expected Credit Losses, Revenue Recognition and Leases. Evaluate the financial implications of deals, products, or strategies and offer expert advice that is achieves optimal risk for Rabobank.
• Support and collaborate with Corporate Accounting, Regulatory Reporting teams, Head Office policy and product controls to ensure the accuracy of financial statements and footnote disclosures in accordance with regulatory requirements.
• Support and collaborate with auditors, regulatory bodies and internal stakeholders to address accounting-related inquiries, provide necessary documentation, and ensure transparency and trust in financial reporting. Foster positive relationships and act as a key point of contact for accounting-related matters.
• Communicate accounting policies, changes, and updates to relevant stakeholders. Facilitate training sessions and develop training materials to enhance understanding of accounting policies and ensure consistent application throughout the organization.
• Support internal and external audits or examinations related to accounting policies. Provide necessary documentation, respond to inquiries, and address any audit findings or recommendations.

Your Promise to Us:

To be considered for the Accounting Policy Intern role, you must:

• Be currently a Sophomore or Junior level in college.
• Have completed introduction to accounting.
• Be proficient in MS Word, Excel and PowerPoint.
• Possess technical excellence in accounting literature.
• Be an effective communicator.
• Have a strong research attitude.

Our Commitment to You

Rabobank embraces diversity and welcomes employees and applicants of all backgrounds. Our goal is to always create an environment that is inclusive, drawing upon the strengths of the diversity of our workforce to exceed the expectation so four clients and customers.

Internship Overview:

Rabobank's internship program is designed to provide a mutually beneficial relationship and growth opportunity for Rabobank and collegiate students. This experiential learning opportunity provides practical application and skills development in a professional environment and is aligned with Rabobank's commitment to recruit top talent in the communities we serve. While employed as a summer intern, students will have the opportunity to prove their ability to learn and demonstrate key skills that will make them successful at Rabobank. To aid in this endeavor, students will be matched with a mentor and provided the necessary professional development opportunities to achieve their goals.The internship will be a full time, 10 week, paid program.

Our Organization:

Rabobank North America is a valued financial partner to food and agricultural companies, farmers and ranchers, renewable energy developers and investors, Dutch companies doing business in the U.S., and select institutions. We support the entire value chain from farm to fork, and connect our clients and team members to the global reach of one of the world's leading food and agriculture banks.

With our food and agricultural expertise and global network, we work with our clients to support and ensure the transition to a sustainable food, fiber and energy supply to meet the needs of our growing planet. We are Growing a Better World Together.

Salary Expectations:

Target Hiring Range: $30.00/hour

This position is subject to the terms of [RAF/Rabobank/RDS]'s compensation plans and policies. It is anticipated that the position will pay within the target hiring range. The range is reflective of the desired primary physical work location and may be adjusted outside of the projected range based on geographical differentiation if the actual work location of the hired candidate differs from the desired primary location, or for other lawful reasons. Further, all full-time regular position includes all other benefits provided to [RAF/Rabobank/RDS] employees, including healthcare benefits, 401k matching, vacation, sick leave, parental leave, possible discretionary bonuses and all other benefits that are all governed by and subject to ERISA plan documents and eligibility.

Rabo provides equal opportunity in employment to all employees and applicants and does not discriminate on the basis of race, color, creed, religion, national origin, ancestry, alienage or citizenship status, age, sex, sexual orientation, gender identity gender expression, marital status, genetic information, medical condition, physical or mental disability, pregnancy, childbirth or related medical condition, military service or veteran status, victims of domestic violence, or any other basis protected by applicable law. Rabo also prohibits harassment of any individuals on any of the bases listed above.

At Rabo Bank, we strive to grow a better world together. In order to achieve that, we have to have the right people in the right jobs. Are you ready to join our team?

This job posting has no fixed application deadline. We will accept resumes until a qualified applicant pool is identified.

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