Social Enterprise Finance Internship

Employer
USAJobs
Location
Washington, D.C
Posted
Oct 22, 2021
Closes
Oct 29, 2021
Hours
Full Time
Duties

Summary

Interns receive exposure to international project finance 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.
Learn more about this agency

Responsibilities

As part of the Office of Development Credit (ODC), the mission of the Social Enterprise Finance (SEF) 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 SEF team's client base, market focus and strategy cover a broad range of impact investment sectors (micro and SME finance, healthcare, education, sustainable agriculture, housing, water and sanitation) and address the needs of people living at the base of the economic pyramid. The SEF team provides loans directly to social enterprises focused on these high-impact sectors as well as to 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.


Travel Required

Not required

Supervisory status
No

Promotion Potential
None

Requirements

Conditions of Employment

  • US Citizenship is required
  • 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
  • Required to be vaccinated against COVID-19 and submit documentation of proof of vaccination or request a legally required exception from this requirement.


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 and/or social enterprise is highly desired. Exposure to and experience in excel and financial modeling, as well as excellent research and communication (oral & written) skills required.

Education

See the above-mentioned "Qualifications" section for information on the education requirements for this internship.

Additional information

Stipulations of Employment:

As required by Executive Order 14043, Federal executive branch employees are required to be fully vaccinated against COVID-19 regardless of the employee's duty location or work arrangement (e.g., telework, remote work, etc.), subject to such exceptions as required by law. If selected, you will be required to be vaccinated against COVID-19 and submit documentation of proof of vaccination by November 22, 2021 or before appointment or onboarding with the DFC (if later than November 22, 2021). DFC will provide additional information regarding which forms of documentation can be accepted and how you can request a legally required exception from this requirement.

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.

Background checks and security clearance

Security clearance
Not Required

Drug test required
No

Position sensitivity and risk
Non-sensitive (NS)/Low Risk

Trust determination process
Credentialing

Required Documents

To apply for this internship, you must submit a complete, which includes:

1. Your Resume
2. Your Unofficial Transcript

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