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Summer Intern - Office of Financial Planning

Job ID: 60055
Department: Financial Planning
Location: 4 World Trade Center

Description

Responsibilities

The Port Authority offers paid summer 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 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 the sizing of letters of credit for existing and new tenants at Port Authority facilities.
  • Forecasting: Support OFP’s forecasting efforts by tracking and updating key forecast inputs (e.g., capital project spending). 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.

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

  • Students must be enrolled in an undergraduate or graduate program for the upcoming Fall 2022 school semester.
  • We are seeking interns who are talented, driven and who have a genuine interest in contributing to the success of the New York/New Jersey region.
  • We welcome applications from a diverse range of University disciplines and concentrations.
  • Successful candidates will be self-starters with excellent communication, research and applicable technical skills.

 

Desired

  • Enrolled in an accredited college or university with a major in Finance, Business, Economics or a related field
  • 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

 

This will be a virtual internship opportunity.

*This internship is expected to be a full-time internship lasting 10-12 weeks.

 

How to Apply

  • To apply, please click on the ‘Apply Now’ button.
  • Please be sure to complete all steps of the application process and click Submit at the end.
  • Applicants will receive a generated confirmation email upon application completion.

 

Instructions:

  • To be considered for the position you must respond to the essay question below.
  • All applicants must answer all prompted questions and essay.
  • Please upload your response and resume as one document in the section of the online. application that prompts you to upload your resume.
  • Your essay response cannot exceed 150 words.

 

Applications that do not include a resume and essay response will be considered incomplete and will not be moved forward in the selection process.

Essay Question: Why do you want to work as a Summer Intern for the Port Authority of NY & NJ?

The application deadline is February 1 at 6:00pm EST. You will not be able to apply after this date.

Recruitment Timeline:

  • Interview Process: Applications will be reviewed on a rolling basis, and interviews will be conducted in March-April.
  • Program Start Date: The Summer Internship Program is slated to begin June 2, 2022

The Selection Process:

  • Please note that more than one department may contact students to interview.
  • Only applicants under consideration will be contacted.
  • Interns are selected based on academic achievement, analytical and communication skills, and work experience.

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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