Summer Intern, Portfolio Management

Port Authority of NY & NJ•New York, NY

12d•$18 - $30•Hybrid

About The Position

This internship offers the opportunity to work closely with several divisions of the Department, including Portfolio Management, Cash Management, Debt, Credit, Collections, and Accounts Receivable. The intern will assist in managing daily cash flow, learn fundamental credit-analysis skills, help with daily trade settlements, monitor cash balances to ensure funds are invested appropriately, support accounts-receivable operations, and contribute to debt issuance activities. This role provides a comprehensive view of how the Department functions and how each division supports the agency mission.

Requirements

Enrollment at a college or university at the time of the internship
Major in Finance, Economics, or Accounting or related discipline
Entry level classes in Accounting and Finance

Nice To Haves

Rising sophomore, junior, or senior
Knows how to calculate the time value of money
Familiarity with Microsoft Excel and other Microsoft Office products
Knowledge of SAP Software System

Responsibilities

Help build out and update the credit rating analysis of our Repurchase Agreement Counterparties by maintaining the database, updating financial information, researching Liquidity Ratios, and participating in conference calls with Brokers
Daily/monthly reconciliation with custody bank to ensure all transactions are captured correctly
Reconcile Cash Management daily tracking of money flows by updating cashflow database.
Work with the accounts receivable division to automate and improve reporting functions
Involvement with the new issuance process in the debt division and required compliance reporting