Investment Operations Intern

• Location: Albany
• 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

• The Investment Operations Intern will be responsible for, but not limited to, the following 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

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.

All applications to NYSTRS should be done via our Website. 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.