Cash Management Intern – Summer 2026

New York City Housing Development Corporation•New York, NY

4d•Onsite

About The Position

The New York City Housing Development Corporation (HDC) is a public benefit corporation and the nation’s largest municipal Housing Finance Agency. HDC seeks to increase the supply of multi-family housing, stimulate economic growth, and revitalize neighborhoods by financing the creation and preservation of affordable housing for low-, moderate-, and middle-income New Yorkers. HDC’s programs support the construction and preservation of multi-family affordable housing in New York City. The Cash Management group oversees all incoming and outgoing cash transactions, balances and forecasts the Corporation’s cash position. They research, implement and monitor investments activities in compliance with the Corporation’s investment guidelines and Investment Committee. Cash Management is also responsible for servicing and payment of debt on outstanding bonds. Cash Management works along side various departments within the Corporation to manage escrow funds, release construction funds and reconcile cash transactions and balances. The Cash Management intern will support the Cash Management team with a variety of transactions and processes as related.

Requirements

Enrollment in a bachelor’s degree or graduate program; this internship is open to all program types, but see “preferred qualifications” below for coursework areas most relevant to this opportunity

Nice To Haves

Knowledge of finance and/or accounting principles
Competency in working with numbers and data analysis
Proficiency with Microsoft Office suite, specifically advanced Excel skills
Working knowledge of Adobe Acrobat
Strong organizational, problem solving, oral and written communication skills
Attention to details and commitment to quality
Understanding of bond payments, mortgage payments and investments

Responsibilities

Input various investments (repurchase agreements, US treasuries and agencies, and bank deposits) and assure the trustees receipt of all necessary collateral
Pricing of collateral using Bloomberg terminal
Process any cash related transfers requests
Speak to broker regarding investments in Repurchase Agreements
Downloading/Uploading excel files into various operational systems.
Assist with processing Construction loan advances
Coordination of various excel and pdf files to Trustee banks
Coordination of signatures via Adobe Acrobat Sign