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Illinois Housing Development Authority · 11 hours ago

Financial Analyst Intern

Chicago, IL

Internship

Hybrid

Intern

$18/hr - $20/hr

The Illinois Housing Development Authority (IHDA) is a leading Housing Finance Agency focused on financing affordable housing. The Financial Analyst Intern will rotate between Capital Markets and Financial Planning and Analysis, assisting with cash management, investment operations, and financial reporting while contributing to the Authority's mission.

Financial ServicesLendingReal Estate

Responsibilities

Work with teams, peers, and other stakeholders to define and implement new processes, procedures, and controls to improve efficiency and reduce risk

Overall evaluation of the Authority’s single-family pipeline, daily positioning and trading

Assist with the investment of funds of various accounts and ongoing financial reports of the team

Assist in the purchases and sales of securities of various Authority managed funds in conjunction with the current Illinois Public Funds Investment Act, policies and procedures; participate in TBA forward trade settlements

Run and monitor the department’s inbox/file folders to ensure emails and documents are properly filed

Supports compliance and monitoring, reporting and recording of ongoing business activities. Maintains the integrity of business activities/transactions throughout the entire business process and supports business continuity practices applicable to the department

Assist with daily cash management activities such as wire transfers for disbursements as well as monthly settlement of trust accounts

Assist in directing, moving and reconciling funds including Federal government-type funds, State trust funds or any other similar funds deemed by the Authority

Produce and review daily reports of trust accounts and compare them to ensure trust accounts have sufficient funds to make timely debt service payments

Help research and analyze new and improved ways to generate revenue for the Authority

Participate in bond issuance transactions, working with counterparties such as the financial advisor, investment banks, legal counsel, trustees and rating agencies

Participate in review of the financial feasibility, risks and costs and benefits of existing and new debt

Works with quantitative analyst and Trustee(s) to facilitate liability oversight and handling of proper recording of debt issuance and ongoing record management

Gathering and analyzing data related to product costs, including grant and loan expenditures, direct, and indirect costs

Collaborate with cross-functional teams to identify data requirements, sourcing, and defining

Conduct research to benchmark against standards, where applicable

Prepare detailed historical activity, cost reports, and presentations for management review

Performs other duties assigned

Qualification

Financial analysisCash managementInvestment operationsMicrosoft Office SuiteData analysisBusiness acumenInterpersonal skillsOrganizational skillsCommunication skills

Required

Currently a senior or graduate-level student pursuing a degree in Finance, Economics, Statistics, Business Administration, or Public Policy

Strong analytical skills, including the ability to work independently and assume responsibility for transactions and / or project deliverables with minimal supervision

Excellent organizational skill set and ability to handle multiple assignments

Proficient PC skills, including experience with Microsoft Office Suite

Knowledge of database systems and data analysis

Effective interpersonal skills

Able to build relationships with internal and external partners and suggest solutions

Good oral/written communication skills

Ability to communicate effectively with Management

Business Acumen - Understands how businesses work

Willingness to learn business strategies, tactics, and information affecting his/her business and organization