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Our Vision: To make New York City the global model for inclusive innovation and economic growth, fueled by the City's diverse people and businesses.
Our Mission: Creating a vibrant, inclusive, and globally competitive economy for all New Yorkers.
Are you passionate about public service and New York City? Do you want to have a hand in shaping our city's skyline and future? We are seeking passionate Summer Interns to join our dynamic team of skilled and dedicated New Yorkers committed to making New York City a more prosperous place to live and work.
Spending your summer as an intern with NYCEDC could be a springboard to an amazing career. Click here to learn more about our divisions and the variety of work that we do across the five boroughs.
Our Internship Program: Our 2024 Summer Internship Program is a paid 12-week internship program, scheduled to begin on June 3, 2024. Interns are expected to work full-time throughout the summer.
Summer interns will join an intern class consisting of undergraduate and graduate students to work on exciting projects in one of EDC's many dynamic departments. Summer Interns will also participate in training programs, networking events, and other professional development opportunities over the course of the program.
Our Summer 2024 Internship Program application deadline is Friday, January 26. All materials must be submitted by EOD that date – incomplete or late applications will not be considered.
Department Overview: The Finance Department is committed to giving EDC and affiliates excellent financial support needed to deliver on its impactful projects and programs. The Finance Department is the team that leads the larger Finance Division. It includes leadership from the Accounting, Budget, Grants, Management, Financial Planning & Analysis (FP&A) and Risk Management & Insurance departments. This exciting internship opportunity will provide a fantastic experience to learn more about the FP&A and Risk Management & Insurance functions.
- The Financial Planning & Analysis team supports effective and strategic decision making with financial modeling and scenario analysis. FP&A also directs the budgeting for all internally funded operations and projects.
- The Risk Management & Insurance team develops and maintains the corporate insurance program to support all EDC activities and operations. RM&I is a resource for EDC staff in contractual risk transfer measures, proactive risk management, and claims handling.
Intern Responsibilities:
- Support with Finance Dashboard (FP&A)
- Monitor the monthly claims dashboard/report for claims activity (including auto accidents/incidents) using tools such as Power BI to identify trends and research root causes
- Assist with managing outstanding reserve report
- Assist in the maintenance of all invoice and expense tracking files
- Coordinate and participate in property risk engineering and loss prevention site visits to various EDC assets; review property risk assessment reports and work with Asset Management/Property Operations teams to track recommendations for status updates and completion
- Track and update insurance premiums from all corporate insurance renewals
- Assist with the review of COI requests to ensure compliance with governing contracts
- Other duties as assigned
Qualifications & Requirements:
- Preferred field(s) of study: Business or Finance major; Preferred programs include Risk Management, Business Management, and Accounting
- Must be enrolled in an undergraduate or graduate degree program; recent graduates are also encouraged to apply
- Demonstrated enthusiasm for the mission of NYCEDC
- Proven ability in using database and presentation tools, including Excel, PowerPoint, and Word
- Strong interpersonal, analytical, and written and verbal communication skills
- Detail-oriented and organized, with the ability to multi-task and manage deadlines
- Proactive and able to work in collaborative, cross-functional teams
- Must be able to work full-time and complete the entirety of the 12-week program
Salary Target: $18.50/hour (undergraduate-level students); $23.50/hour (graduate-level students)
About Us: New York City Economic Development Corporation is a mission-driven, nonprofit organization that works for a vibrant, inclusive, and globally competitive economy for all New Yorkers. We take a comprehensive approach, through four main strategies: strengthen confidence in NYC as a great place to do business; grow innovative sectors, with a focus on equity; build neighborhoods as places to live, learn, work, and play; and deliver sustainable infrastructure for communities and the city's future economy.
NYCEDC is committed to offering competitive benefits to support employee health, happiness, and work-life balance. We offer comprehensive benefits and unique perks to ensure NYCEDC employees flourish in their professional and personal lives:
- Generous employer subsidized health insurance
- Medical, dental, and pharmacy plans
- Vision and hearing benefits
- Flexible spending accounts for healthcare and dependent care
- Short term and long-term disability coverage
- 100% employer covered life insurance and supplemental life insurance coverage
- Up to 25 vacation days
- Floating Holidays and Summer Fridays
- Parental leave - up to 20 paid weeks
- Retirement savings programs
- Company-paid 401(a) defined contribution plan
- 457(b) tax-advantaged retirement savings plan
- Tuition Reimbursement program
- Continuing education and professional development
- Public Service Loan Forgiveness (PSLF) eligible employer
- College savings plan
- Backup childcare
- Gym membership discounts
- A Calm.com membership for mindfulness and mental health support
- Employee discounts through Plum Benefits, Student Loan Servicing tools, and much more
Benefits listed above may vary based on the length and nature of your employment with New York City Economic Development Corporation. These benefits are subject to be modified at any time, at the discretion of the organization.
The New York City Economic Development Corporation is an Equal Opportunity Employer. Our Diversity, Equity, and Social Responsibility Mission is to create a People First strategy by attracting, retaining, and engaging a diverse and talented workforce. Like the city of New York, NYCEDC knows our strength comes from each of our connected parts, making the fabric of our organization better and stronger because of our unique employees' talents.
For more information, visit our website at edc.nyc.
