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Summer Intern - Office of Financial Planning

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Job ID: 60491
Department: Financial Planning
Location: 4 World Trade Center

Description

The Port Authority of New York & New Jersey offers paid internships to students that provide the opportunity to work with knowledgeable and experienced professionals on assignments critical to operating, maintaining, and expanding the transportation infrastructure for one of the greatest economies in the world. Assignments include hands-on projects to cultivate technical, writing, communication, and team-building skills. The diversity of our businesses creates a variety of opportunities for students to gain exposure to the work of a first-class public agency.

The Office of Financial Planning is looking for a summer intern to join their team! Specific responsibilities include but are not limited to:

  • Credit Review Support:  Support OFP’s efforts in reviewing the creditworthiness of existing and potential Port Authority tenants and contractors by researching and compiling key credit metrics for relevant industries (e.g., airline, construction, etc.). Assist with financial statement analyses performed to inform Port Authority procurements as well as compiling/updating a master list of all security deposits and credit reviews for existing and new tenants at Port Authority facilities.
  • Activity Research: Support OFP’s forecasting efforts by researching key activity trends impacting the agency’s various lines of business. Assist with the preparation of summaries and variance explanations for key updates as needed.
  • Transactional Support: As needed, assist OFP staff with research and data tracking assignments in support of due diligence efforts for general business transactions. Ensure the accuracy and completeness of lease comparison data for various tenants to understand trends.

About the Office of Financial Planning:

The Office of Financial Planning (OFP) provides financial analysis across the agency’s entire transaction life cycle. The department analyzes the feasibility and financial terms of transactions to ensure that the best value for the Port Authority is achieved. OFP also forecasts anticipated revenues and expenses for the agency in order to determine potential impacts on the agency’s capacity to fund its critical capital plan.

Qualifications

  • Candidates must be students enrolled in an undergraduate or graduate program returning to their program during the Fall 2023 semester.
  • We are seeking interns who are talented, driven, and have a genuine interest in contributing to the success of the New York/New Jersey region.
  • We welcome applications from a diverse range of majors/minors.
  • Successful candidates will be self-starters with excellent communication, research, and applicable technical skills.

 Desired Skills

  • Finance, Business, Economics, or related major
  • Prior experience as a finance intern is a plus
  • Experience with data collection and analysis
  • Strong presentation skills, both quantitative and qualitative
  • Proficient in Microsoft Excel

Internship Details:

  • The duration is expected to be approximately 12 weeks, starting in the beginning of June 2023
  • This internship will require work 5 days/week at 7.25 hours/day
  • The format is expected to be virtual
  • These details are subject to change

The application deadline is Wednesday, February 1 by 5:00 PM EST.

How to Apply

  • Click “Apply Now”
  • Follow the prompts
  • Make sure you submit the following:
    1. A resume (please make sure to include your expected graduation date)
    2. A cover letter detailing why you want to work at The Port Authority of New York & New Jersey

The Selection Process

  • Only applicants under consideration will be contacted
  • Interns are selected based on academic achievement and work experience, in addition to analytical and communication skills

How to Apply:

Interested candidates should apply to this job by clicking on the "Apply Now" button and submitting a combined cover letter and resume. The Port Authority of NY & NJ welcomes veteran and military spouse applications.

Only applicants under consideration will be contacted.

About The Port Authority:

Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency's network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than $23 billion in annual wages and $80 billion in annual economic activity. The Port Authority also owns and manages the 16-acre World Trade Center site, where the 1,776-foot-tall One World Trade Center is now the tallest skyscraper in the Western Hemisphere.

Equal Opportunity Employer

The Port Authority of New York & New Jersey/Port Authority Trans-Hudson (PATH) is an Equal Opportunity Employer.

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