Summer Intern, Portfolio Management

Description

About the Internship

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.

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

Minimum Qualifications

• 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

Desired Qualifications

• 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

Internship Details

• The start date will be Thursday, May 28, 2026

• The internship will last approximately 12 weeks, ending on Friday, August 21, 2026

• This is a full-time internship (5 days per week at 7.25 hours per day)

• In accordance with Port Authority policy, this position permits interns to work remotely a maximum of one day per week. In person collaboration is essential to how the Port Authority conducts business and regular in-office days or team collaboration days may be required depending on business needs. Some internships may require interns to be fully in-person.

Selection Process

• Only applicants under consideration will be contacted

• If selected to move forward, the hiring team will reach out directly to schedule 1-2 interviews

• Different internships will have different timelines for interviews

Compensation & Benefits

• The hourly rate range is $18.07 to $30.31 (the exact rate will be determined by internship type and rising school year)

• Ability to opt in to the New York State and Local Retirement System

• Access to Employee Business Resource Groups (https://www.jointheportauthority.com/pages/diversity-inclusion-programs)

• Facility Tours

• Career Panels

• Social/Networking Events

REQNUMBER: 63976