Summer Intern, Lease Accounting

Description

About the Internship

The internship in the Lease Accounting division provides hands-on experience in supporting the annual audit process of the Airport Integrated Recovery Fees Agreements. The primary responsibility is to review expenses eligible for recovery through the Airports' recovered fees and understand the methodologies behind these recoveries. The Lease Accounting division's core mission is to administer, calculate, and report on the financial provisions of various Aviation cost recovery agreements, manage the financial requirements associated with the Passenger Facility Charge Program and administer revenue sharing agreements between the Port Authority and various municipalities.

Responsibilities

• Develop familiarity with Airport Integrated Recovery Fees Agreements and related accounting practices

• Assist in the preparation and gathering of documents for the audit of the Airport Integrated Recovery Fees Agreements

• Review Aviationexpenses to ensure appropriate use of account codes for cost recovery calculations

• Research new Aviation expenses to confirmaccuracy in cost recoverability

Minimum Qualifications

• Enrollment at a college/university through Summer 2025 and into the Fall 2025 semester

• Major in Accounting, Finance, Business or related majors

• Open to undergraduate and graduate students; open to any school year

Desired Qualifications

• Strong organizational and multi-tasking skills.

• Ability to meet deadlines, work independently and prioritize work.

• Solid analytical skills

• Written and oral communication skills.

• Microsoft Office software (Microsoft Excel, Word, Outlook, and PowerPoint

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 in to the New York State and Local Retirement System

• Access to Employee Business Resource Groups (~~~)

• Facility Tours

• Career Panels

• Social/Networking Events

REQNUMBER: 62429