The U.S. International Development Finance Corporation (DFC) is the bridge between the government and the private sector when it comes to finding finance solutions to the most critical challenges that the developing world face. DFC focuses on investing across various sectors including energy, healthcare, critical infrastructure, and technology, and they also provide financing to small businesses and women entrepreneurs in order to create jobs in emerging markets.DFC Recruits volunteer interns on a rolling basis year-round. Internships can last from 12 weeks up to 12 months and are based in Washington, DC.
With the Political Risk opportunity, interns will either work with the Office of Structured Finance (SFI), or the Political Risk Insurance (PRI) team. SRI provides a key tool in the mitigation of risk in international business investments, while PRI protects investors again certain political conditions such as the actions of a foreign government or of political situations that lead to civil strife.
With the Social Enterprise Finance Internship, interns will work as a part of the Office of Development Credit (ODC) Social Enterprise Finance (SEF) team. The mission of the SEF team is to mobilize private capital into innovative, high-impact social enterprises to enable them to expand their operations. 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.
Applications are accepted year-round; however, if targeting a specific internship period, the DFC recommends submitting your application by the following dates:
Summer – Apply by March 1
Fall – Apply by July 1
Winter – Apply by November 1
Spring – Apply by January 1
Political Risk Internship Details
Typical Duties Include:
- Reviewing documentation on projects for which PRI has been requested;
- Conducting research on PRI underwriting issues;
- Drafting country risk profiles;
- Preparing portions of loan papers being presented to approval committees; and
- Assisting officers with PRI contract amendments
Eligibility Requirements
- 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 pursuing a graduate degree in one of the following: Finance, Accounting, International Affairs, International Development, International Relations, or International Economics.
- Must be suitable for Federal employment, determined by a background investigation
- Selective Service registration required for male applicants, unless exempt
- Previous work experience, particularly in international business, required
For more information and to apply for this opportunity, click here.
Social Enterprise Finance Internship Details
Typical 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.
Qualifications
- 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 pursuing a graduate degree in one of the following: Finance, Accounting, International Affairs, International Development, International Relations, or International Economics.
- Must be suitable for Federal employment, determined by a background investigation
- Selective Service registration required for male applicants, unless exempt
- exposure to and experience in excel and financial modeling, as well as excellent research and communication (oral & written) skills required
- Previous experience within a financial institution and/or social enterprise is highly desired
For more information and to apply for this opportunity, click here.
