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Internship In Accounting Jobs in Illinois (NOW HIRING)

Old Mission

Summer Tax/Accounting Intern

Chicago, IL · On-site

$62K/yr

About the Position Old Mission is seeking two motivated interns - an Accounting & Accounts Payable Intern and a Tax Intern - to join our team in Chicago for the summer, with the potential to continue ...

Kemper CPA Group

Senior Accountant

Robinson, IL

$70K - $100K/yr

Possess a bachelor's degree in accounting and a minimum of three to five years of public accounting ... Contribute to skill building among interns and newer staff.  * Demonstrate ownership of work ...

Kemper CPA Group

Senior Accountant

Olney, IL · On-site

$70K - $100K/yr

Possess a bachelor's degree in accounting and a minimum of three to five years of public accounting ... Contribute to skill building among interns and newer staff.  * Demonstrate ownership of work ...

WME Group

$65K/yr

Bachelor's degree in Accounting, Finance, or related field required. * 1-3 years of accounting experience preferred (internships or entry-level roles count). * Strong technical accounting knowledge

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WME Group

Staff Accountant

Aurora, IL · On-site

$65K/yr

Bachelor's degree in Accounting, Finance, or related field required. * 1-3 years of accounting experience preferred (internships or entry-level roles count). * Strong technical accounting knowledge

WME Group

Staff Accountant

Edwardsville, IL · On-site

$65K/yr

Bachelor's degree in Accounting, Finance, or related field required. * 1-3 years of accounting experience preferred (internships or entry-level roles count). * Strong technical accounting knowledge

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Internship In Accounting information

What types of tasks and responsibilities can I expect during an Internship in Accounting?

As an accounting intern, you'll typically assist with tasks such as preparing financial statements, reconciling accounts, processing invoices, and supporting audits. You'll work closely with experienced accountants and other finance team members, gaining exposure to common accounting software and real-world business practices. Interns often attend meetings, help with data entry, and may participate in projects that improve internal processes. This hands-on experience is designed to build your technical skills and give you a better understanding of the accounting profession.

What is the difference between Internship In Accounting vs Accounting Assistant?

AspectInternship In AccountingAccounting Assistant
Required CredentialsTypically students or recent graduates; no formal certification neededHigh school diploma or equivalent; some roles prefer accounting certifications
Work EnvironmentTemporary, educational setting, often part-time or summerFull-time or part-time office setting, ongoing employment
Employer & Industry UsageInternships offered by accounting firms, corporations, or educational institutionsEmployers include companies, accounting firms, and nonprofits
Search & Comparison IntentUnderstanding entry-level opportunities for studentsSeeking ongoing support roles in accounting departments

Internship In Accounting provides students or recent graduates with hands-on experience, often temporary and educational. In contrast, an Accounting Assistant is a regular employee supporting daily accounting tasks. Internships are ideal for gaining exposure, while Accounting Assistants handle ongoing responsibilities in the accounting department.

What is an internship in accounting?

An internship in accounting is a temporary, supervised work experience in the accounting field, often pursued by students or recent graduates. Interns typically assist with tasks such as bookkeeping, preparing financial statements, and supporting audits or tax preparation, allowing them to gain practical skills and industry insight. These internships can be paid or unpaid and usually last for a few months, providing valuable exposure to the accounting profession and improving future job prospects.

What are the key skills and qualifications needed to thrive as an Intern in Accounting, and why are they important?

To thrive as an Intern in Accounting, you need a basic understanding of accounting principles, attention to detail, and at least a current enrollment in an accounting or finance degree program. Familiarity with accounting software like QuickBooks or Excel and knowledge of financial reporting systems are typically expected. Strong organizational skills, effective communication, and the ability to work collaboratively help interns stand out. These skills and qualities are important because they enable interns to accurately support financial operations, learn quickly, and contribute positively to the team.
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Infographic showing various Internship In Accounting job openings in Illinois as of July 2026, with employment types broken down into 89% Full Time, 6% Part Time, 1% Temporary, and 4% Contract. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution.
Summer Tax/Accounting Intern

Summer Tax/Accounting Intern

Old Mission

Chicago, IL • On-site

$62K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 28 days ago

Job description

About the Position

Old Mission is seeking two motivated interns - an Accounting & Accounts Payable Intern and a Tax Intern - to join our team in Chicago for the summer, with the potential to continue on a part-time basis during the school year. Reporting directly to our firm's Controller and Director of Tax, you will gain meaningful, hands-on exposure to accounting and tax operations at a fast-paced trading firm, including invoice processing, general ledger entries, VAT and use tax compliance, month-end close, and cost allocations across our trading centers.

This is a high-impact role where your ideas will matter, and the processes you help shape will have a global footprint. If you are intellectually curious, detail-oriented, and eager to learn how accounting and tax functions operate within a sophisticated financial firm, we encourage you to apply.

Responsibilities


Accounts Payable & General Accounting

  • Assist in recording and processing vendor invoices into our general ledger
  • Help ensure that expenses are allocated correctly to trading strategies, supporting accurate profit and loss reporting for indirect expenses
  • Support the annual audit process by gathering and organizing documentation as requested by auditors
  • Assist with the preparation of annual 1099s for tax purposes
  • Contribute to special projects, ad-hoc reporting, and analysis as directed by management
  • Document workflows and accounting processes to support operational continuity

VAT & Use Tax Compliance

  • Assist in the research and classification of purchases for VAT and use tax compliance across multiple jurisdictions
  • Research vendor invoices and purchasing activity to determine appropriate VAT treatment for international transactions, including EU and UK jurisdictions
  • Maintain and update purchase classification records to support use tax filing obligations across applicable state and local jurisdictions
  • Assist in the preparation and timely filing of use tax and VAT returns, including gathering supporting documentation and reconciling tax liability schedules

Required Skills

  • Currently pursuing a bachelor's degree in accounting, finance, or a related field, 2027 and 2028 grads are welcome to apply
  • Foundational understanding of Generally Accepted Accounting Principles (GAAP) through coursework or prior experience
  • Basic familiarity with indirect tax concepts, including sales tax, use tax, or VAT, gained through coursework or prior experience
  • Strong analytical mindset with a genuine desire to understand data and improve processes
  • Excellent attention to detail and organizational skills, with the ability to manage multiple tasks at once
  • Proficiency in Microsoft Excel, including pivot tables, SUMIF, VLOOKUP, and related functions - required for this role
  • Clear and professional communication skills - comfortable interacting with colleagues across departments and levels of seniority
  • Proactive and self-directed work style; able to operate effectively in a fast-paced environment
  • Demonstrated integrity and discretion when handling confidential financial information

Nice to Have

  • Experience or coursework in accounting software (Intacct a plus)
  • Python coding and a curiosity for AI innovation 
  • Exposure to tax research tools or indirect tax compliance software
  • Familiarity with multi-jurisdictional tax compliance concepts, including EU VAT or US state and local tax frameworks
  • SQL familiarity or interest in data tools is a bonus
  • Interest in financial markets, trading, or the broader asset management industry

Program Details

  • Primary commitment: Full-time for the summer (start and end dates flexible)
  • Part-time continuation (20 hours/week) available during the academic year for strong performers
  • Competitive hourly compensation
  • Mentorship from experienced accounting, tax, and finance professionals

Benefits and Perks
  • Fully paid Medical, Dental, Vision, Disability, and Life Insurance
  • Fully stocked kitchen; free breakfast and lunch every day on-site
  • Tuition Reimbursement Program
  • 401(k) with employer match
  • Paid Vacation, Sick, and Parental leaves
  • Commuter and Flexible Spending Programs

Pay Range

$30/hr. ($62,400 annually based on a 40-hour work week). Compensation is determined based on experience, skills, and qualifications relative to role requirements. This position is classified as non-exempt and is eligible for overtime pay in accordance with the Fair Labor Standards Act and Illinois state wage and hour law.

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