Investment Operations Intern

NYSTRS; City of Albany (NY); Hybrid; USD 23,000 - 32,000; Full time

Benefits offered by this job

Hybrid work schedule

Equal opportunity employer

Job summary

NYSTRS is seeking an Investment Operations Intern to support the department with audit documentation and reconciliations for private and public investments. The role requires active enrollment in a bachelor’s or master’s program with at least one semester remaining and emphasizes strong communication, presentation, and deadline management skills.

The position is temporary with a hybrid work arrangement. Responsibilities include reviewing audited statements, preparing year-to-date

Qualifications

• Currently enrolled in a full-time bachelor’s or master’s degree program with at least one semester remaining to complete all degree requirements.
• Pursuing a bachelor's degree or higher in Accounting, Business Administration, Finance or related field.
• Excellent communication and interpersonal skills; ability to work under deadline-driven environment and present clearly.

Responsibilities

• Review audited financial statements for private investments and reconcile data to subsidiary ledgers.
• Prepare fiscal year-to-date reconciliations for publicly traded asset classes, reconciling trade activity, income, amortization and cash balances.
• Assist with compilation of investment data for the annual comprehensive financial report.
• Assist in processing capital calls and distributions for private equity and real estate investments.
• Assist with processing private asset investment capital calls and distributions.

Skills

Excellent communication skills

Excellent interpersonal skills

Deadline-driven

Strong presentation skills

Experience with private and public市场投资

GASB/FASB understanding

Education

Pursuing Bachelor's or higher in Accounting/Business/Finance

Currently enrolled in full-time degree with at least one semester remaining

Job description

All postings will close at 12:01am EST on the date indicated under posting end date. Note: Sponsorship is not available for this position. Applicants must hold unrestricted work authorization. NYSTRS is unable to sponsor or assume sponsorship of an employment visa for this position now or in the future.

Position Summary

Investment Operations Intern with assist Investment Operations Department with preparation for annual audit documentation and supporting schedules. This includes reviewing audited financial statements for our private investments and compiling pertinent information and reconciling activity to subsidiary ledgers, completing fiscal year to date reconciliations of publicly traded portfolio activity.

Minimum Qualifications

• Candidates must be currently enrolled in a full-time bachelor’s or master’s degree program with at least one semester remaining to complete all degree requirements following the internship.

Preferred Qualifications

• Pursuing a bachelor's degree or higher in Accounting, Business Administration, Finance or in a closely related field
• Excellent communication skills
• Excellent interpersonal skills
• Ability to effectively work within a deadline driven environment
• Strong presentation skills
• Experience and understanding of Private and Public Market investments
• Experience interpreting GASB/FASB statements

Work Modality

Currently we have a hybrid work schedule which may be subject to change in the future.

Job Duties

• Review of audited financial statements for our various private investments, comparing and reconciling select data points to subsidiary ledgers and following up on any discrepancies
• Preparing fiscal year to date reconciliations for publicly traded asset classes in aggregation. This includes reconciling trade activity, income collection, bond amortization and cash balances
• Assist with compilation of investment data for inclusion in the annual comprehensive financial report
• Assist in processing capital call and distribution activity for private equity and real estate investments
• Assist with processing private asset investment capital calls and distributions

Salary Grade

This is a non-graded position

Salary Range

$20.00 per hour

Job Type

Temporary

Diversity, Equity, and Inclusion

At NYSTRS, diversity, equity, and inclusion are integral to our mission of providing our members with a secure pension and exceptional customer service. We are committed to fostering an inclusive and equitable culture where all diversity is valued and recognized as a source of strength and enrichment across all operations.

NYSTRS is proud to provide equal opportunities to all employees and qualified applicants without regard to race, color, religion, creed, sex, gender expression or identity, national origin, age, ability and disability status, veteran status, marital status, pregnancy status, sexual orientation, citizenship, or any other legally protected class. We are committed to being a workplace that attracts, supports, and retains talented individuals from diverse backgrounds and experiences while championing equal opportunity across recruitment, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

NYSTRS will never ask you to submit private information via email or direct you to submit private information to another site as part of our recruitment process.

About NYSTRS

Established in 1921 by the New York State Legislature, the New York State Teachers’ Retirement System (NYSTRS) provides retirement, disability and death benefits to eligible New York State public school teachers and administrators. The System is among the 10-largest public pension funds in the nation based on total assets.

Mission

To provide our members with a secure pension.

Vision

To be the model for pension fund excellence and exceptional customer service.

Values

Respect, Excellence, Diversity, Balance, Integrity, Resourcefulness, Diligence