Summer Intern, Financial Planning

Description

About the Internship

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 to determine potential impacts on its capacity to fund its critical capital plan.

Responsibilities

• Credit Review Support:
  • Support the Office of Financial Planning'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 updating a master list of all security deposits and credit reviews for existing and new tenants at Port Authority facilities.
• Activity Research:

• Support the Office of Financial Planning forecasting efforts by researching and reporting on 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 Office of Financial Planning 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.

Minimum Qualifications

• Enrollment at a college/university through Summer 2025 and into the Fall 2025 semester
• Major in Finance, Business, Economics, or a related discipline

Desired Qualifications

• 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 start date will be Thursday, May 29, 2025

• The internship will last approximately 12 weeks, ending on Friday, August 22, 2025

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

• The format is expected to be hybrid

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 $20.70 to $27.21 (the exact rate will be determined by internship type and rising school year)

• Ability to opt into the New York State and Local Retirement System
• Access to Employee Business Resource Groups
• Facility Tours
• Career Panels
• Social/Networking Events

How to Apply:

Interested candidates should apply to this job by clicking on the "Apply Now" button and submitting a 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 twenty three billion in annual wages and eighty 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.