Job Description
Cash Management Intern – Summer 2026
Area of Talent: Finance
Position Type: Summer Internship
Office Location: NYC/Financial District
Hourly Rate
Undergraduate Rate: $18/hr
Graduate Rate: $20/hr
Note: If needed, HDC will fully support an intern’s application for credit or stipend from their school/university.
About HDC
The New York City Housing Development Corporation (HDC) is a public benefit corporation and the nation’s largest municipal Housing Finance Agency. HDC seeks to increase the supply of multi-family housing, stimulate economic growth, and revitalize neighborhoods by financing the creation and preservation of affordable housing for low-, moderate-, and middle-income New Yorkers. HDC’s programs support the construction and preservation of multi-family affordable housing in New York City.
The Cash Management group oversees all incoming and outgoing cash transactions, balances and forecasts the Corporation’s cash position. They research, implement and monitor investments activities in compliance with the Corporation’s investment guidelines and Investment Committee. Cash Management is also responsible for servicing and payment of debt on outstanding bonds. Cash Management works along side various departments within the Corporation to manage escrow funds, release construction funds and reconcile cash transactions and balances.
The Cash Management intern will support the Cash Management team with a variety of transactions and processes as related.
Responsibilities:
- Input various investments (repurchase agreements, US treasuries and agencies, and bank deposits) and assure the trustees receipt of all necessary collateral
- Pricing of collateral using Bloomberg terminal
- Process any cash related transfers requests
- Speak to brokers regarding investments in Repurchase Agreements
- Downloading/Uploading excel files into various operational systems.
- Assist with processing Construction loan advances
- Coordination of various excel and pdf files to Trustee banks
- Coordination of signatures via Adobe Acrobat Sign
Required Qualifications:
- Enrollment in a bachelor’s degree or graduate program; this internship is open to all program types, but see “preferred qualifications” below for coursework areas most relevant to this opportunity
Preferred Qualifications:
- Knowledge of finance and/or accounting principles
- Competency in working with numbers and data analysis
- Proficiency with Microsoft Office suite, specifically advanced Excel skills
- Working knowledge of Adobe Acrobat
- Strong organizational, problem solving, oral and written communication skills
- Attention to details and commitment to quality
- Understanding of bond payments, mortgage payments and investments
Please include a cover letter with your resume. You may also fax your resume and cover letter to (212)227-6816.
HDC is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.
HDC is committed to the full inclusion of all qualified individuals. As part of this commitment, HDC will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please complete the reasonable accommodations section on the application or contact Human Resources by emailing jobs@NYCHDC.com
