Duties

The Project Finance team specializes in financial sector, telecommunications, manufacturing, and other highly complicated transactions. Note that students interested in Impact Investing finance should apply directly to the Socially Responsible Investing team or the Social Enterprise Finance team. Interns receive exposure to international project finance and work in collaboration with seasoned financiers in the loan origination process. The life cycle of a loan is made up of underwriting, due diligence and Know Your Customer review, an approval process whereby papers are written for the purpose of obtaining approval from Credit Policy, Investment Committee and, depending on the size of the loan, the Board of Directors, loan agreement negotiations and disbursement. After disbursement, a project is transferred to one of two monitoring groups. Interns on the Project Finance team serve as junior analysts and may be involved in all stages of project approval as part of a project team. Interns typically work on three to six transactions, depending on the complexity of the projects and the amount of time an intern is available. Typical duties include:

• Reviewing applications for financing;
• Analyzing existing financial statements of the sponsor or of the project;
• Analyzing and running sensitivities on financial models of projected project cash flows;
• Writing country political and economic summaries and political risk analyses;
• Preparing portions of loan papers being presented to Credit or Investment Committee;
• Collaborating with Investment Officers to present the proposed loan to an approval committee;
• Working with members of other departments to receive required clearances; and
• Working with a project team to assist in the processing of disbursement requests.

Requirements

Conditions of Employment

• US Citizenship is required
• Must be currently enrolled or have been accepted for enrollment (at least part-time) in an accredited college or university
• Must be suitable for Federal employment, determined by background investigation
• Selective Service registration required for male applicants, unless exempt

Qualifications

Applicants must be U.S. citizens enrolled at least part-time in an accredited college or university in a relevant graduate degree program, specifically in Finance, Accounting, International Affairs, International Development, International Relations or International Economics. Previous work experience, particularly in international business, is required.

Education

Applicants must be enrolled at least part-time in an accredited college or university in a relevant graduate degree program, specifically in Finance, Accounting, International Affairs, International Development, International Relations or International Economics.

Additional information

Stipulations of Employment:

To ensure compliance with an applicable nationwide preliminary injunction, which may be supplemented, modified, or vacated, depending on the course of ongoing litigation, the Federal Government will take no action to implement or enforce the COVID-19 vaccination requirement pursuant to Executive Order 14043 on Requiring Coronavirus Disease 2019 Vaccination for Federal Employees. Therefore, to the extent a Federal job announcement includes the requirement that applicants must be fully vaccinated against COVID-19 pursuant to Executive Order 14043, that requirement does not currently apply. DFC may request information regarding the vaccination status of selected applicants for the purposes of implementing other workplace safety protocols, such as protocols related to masking, physical distancing, testing, travel, and quarantine.