Description

About the Internship

The New Jersey airports, including Newark Liberty International Airport (EWR) and Teterboro Airport (TEB) are vital to the region's economic infrastructure. Together, they manage an annual operating expense budget of over $350 million and generate more than $1.5 billion in annual revenues. These airports contribute approximately 20% of the Port Authority's total revenues through diverse streams, including airline cost recoveries, rental fees, public parking, and more.

The selected intern will join the Aviation Department's Financial Services team (AFS) and gain valuable hands-on experience in providing financial support to these critical facilities. This internship will offer exposure to budgeting, forecasting, reporting, and financial analysis while collaborating with a dynamic team on initiatives that impact the operations of EWR and TEB.

• Participate in budget meetings, review budget submissions, and assist in preparing and delivering budget presentations.
• Compile and manage the monthly revenue and expense reports, ensuring accuracy through data management, formula execution (e.g., VLOOKUPs, SUMIFS), and variance coordination with airport unit managers.
• Present financial reports, including monthly revenue results, to the Manager of Financial Services.
• Develop complex financial, fiscal, and budget forecasts, including cost-benefit analyses, as required through financial modeling.
• Monitor and forecast key airport activity metrics, such as passengers data, airline weights, AirTrain ridership, paid parked cars, and fuel consumption.
• Collaborate with the Properties and Concessions teams to perform financial analyses of potential business deals on the Airport while incorporating updated terms and projections into the long-range forecast.
• Identify challenges and opportunities in financial reporting, budgeting, and other processes, proposing and implementing solutions as part of AFS's commitment to continuous improvement.

• Enrollment at a college/university through the duration of the internship
• Major in Finance, Accounting, or a related field

• Demonstrated experience in developing financial analyses and the ability to present findings to senior leadership, with an emphasis on ensuring financial accuracy
• Proficiency in Microsoft Word, Excel, PowerPoint, Outlook and SharePoint for analysis, tracking, and reporting
• Strong written and verbal communication skills, with the ability to clearly and concisely convey information
• A customer-service-oriented mindset and eagerness to learn about the financial operations of major airports
• Familiarity with financial, operational, and revenue budgeting processes and accounting structures
• Experience with database and visualization tools such as Oracle Hyperion/Essbase and Power BI
• Knowledge of Port Authority financial systems, including SAP and PeopleSoft
• Proven success in identifying and implementing process improvements
• Strong problem-solving skills with the ability to analyze financial challenges and recommend effective solutions or alternatives
• An interest or willingness to learn about the Aviation industry, specifically Airport Finance and Airport management

• The start date is expected to be May 29, 2025

• This internship will be full-time (36.25 hours per week) during the summer (May 29 to August 22 and part-time (15-25 hours per week) during the school year

• The format is expected to be hybrid

• 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

• 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
• Facility Tours
• Career Panels
• Social/Networking Events