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Type of Role: Investments

Experience Level: Analyst/Associate

Location: New York City, New York

Salary: $45K - $53K

NYSIF is the largest workers’ compensation carrier in NYS and among the top 10 largest workers’ compensation carriers in the nation, insuring approximately 139,000 policyholders, with more than $1.8 billion in annual earned premium and over $20 billion in assets. Details below.

Basic Qualifications:

  • Be a permanent New York State (NYS) resident and/or actively enrolled in a NYS college or University. Be actively enrolled in a college, university, or graduate program.
  • Have completed a minimum of one (1) year as a student at a degree-granting two or four-year college or university (completion of one year’s worth of academic credits over a longer period may qualify part-time students for participation in the program) or be a currently enrolled graduate student or accepted in a graduate program.
  • Proficiency in MS Office is a plus. Have strong analytical skills
    and an understanding of Finance, Economics, Risk, Sustainability.
  • Have a minimum grade point average (GPA) of 3.0, or the letter grade equivalent.
  • Able to work full-time Summer (20-30 hours weekly) and based on performance and availability the opportunity to transition to part-time Fall (10-15 hours per week)

Duties Description:

This internship is in NYSIF’s Investment Department, which oversees around $20 billion across several asset classes. This year, the team seeks high performing and highly motivated candidates interested in the investment field. The internship will give insight into NYSIF’s Investment activities, which are implementing several exciting strategies across the portfolio, specifically in the Alternatives, ESG and Sustainable Investing, and Risk teams.

Candidates must submit a resume and cover letter. Submissions without a cover letter will not be considered. In the cover letter, candidates should specify their preference for an internship in any of the three departments listed below. You may indicate a preference for more than one department.

1. Alternatives: Including Private Equity, Private Debt, Infrastructure, and Real Estate
2. ESG and Sustainable Investing
3. Investment RiskFringe Benefits

Additional Comments

For new State employees appointed to graded positions, the annual salary is the hiring rate (beginning of the Salary Range) of the position. Promotion salaries are calculated by the NYS Office of the State Comptroller in accordance with NYS Civil Service Law, OSC Payroll rules and regulations and negotiated union contracts.
NYSIF has a telecommuting program.

Fringe Benefits:

• Competitive Compensation.
• Future Career Growth Potential.
• Open and Supportive Team-Based Environment.
• Plentiful Vacation, Personal, and Sick Leave Accruals.
• Paid State and Federal Holidays.
• Full Medical, Vision, and Dental.
• Retirement Options.
• Possibility of Telecommuting, Flextime, and Alternative Work Schedules.

HELPS Program:
This title is part of the New York Hiring for Emergency Limited Placement Statewide Program (NY HELPS).

For the duration of the NY HELPS Program, this title may be filled via a non-competitive appointment, which means no examination is required but all candidates must meet the minimum qualifications of the title for which they apply. At this time, agencies may recruit and hire employees by making temporary appointments. In June 2024, if a temporary NY HELPS employee is satisfactorily performing in the position, the appointment will be changed from temporary pending Civil Service Commission Action to permanent non-competitive and the official probationary period will begin.

At a future date (within one year of permanent appointment), it is expected employees hired under NY HELPS will have their non-competitive employment status converted to competitive status, without having to compete in an examination. Employees will then be afforded with all of the same rights and privileges of competitive class employees of New York State. While serving permanently in a NY HELPS title, employees may take part in any promotion examination for which they are qualified.

NYSIF Commitment to Diversity, Equity, and Inclusion
The New York State Insurance Fund (NYSIF) prioritizes and champions diversity, equity, and inclusion (DEI) throughout our agency. NYSIF provides equal opportunities to all employees and applicants for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, gender identity, disability, veteran status, or any other protected category under federal, state, and local law. We believe that embracing our differences brings richness, new ideas and experiences to NYSIF, which energizes a creative and innovative work environment. We strive to foster a workplace where diverse individuals are able to participate fully in the decision-making process and have ample opportunity for advancement. We are committed to investing the necessary resources and attention to improving the engagement, retention, and promotion of the extraordinary talent we have.

Executive Order 31 commits New York State government to becoming a model employer for people with disabilities, increasing the participation of people with disabilities in state service and ensuring equal access to opportunities. NYSIF is proud to utilize best practices to recruit, hire, retain, and promote career advancement of individuals with disabilities. This includes special focus on current and prospective employees with the most significant disabilities, such as the use of supported employment, individual placement with support services, customized employment, the civil service sections 55/b and 55/c programs, internships, and job shadowing. If you are a person with a disability and wish to request that a reasonable accommodation, be provided for you to participate in a job interview, please send an email to NYSIF’s Reasonable Accommodations mailbox at ra@nysif.com.