Job Description

Investment Department Internship

The New York State Insurance Fund (NYSIF) is seeking several high-performing and motivated candidates to join its Investment Department for the Spring 2026 semester. The department oversees approximately $21 billion dollars across multiple asset classes.

This internship offers a unique opportunity to gain hands-on experience with NYSIF's investment activities, and exposure to various asset classes. Interns will work directly with either the Alternatives or Sustainable Investing teams.

Alternatives Team

The Alternatives team oversees $1.2 billion in assets across private equity, private credit, and real assets. Duties include but are not limited to:

• Analyze and evaluate investment opportunities through financial and qualitative analysis.
• Assist in the due diligence process by reviewing fund materials, analyzing performance data, and preparing summaries for internal discussions.
• Assist in drafting investment memos and presentation materials for review by the Investment Committee.
• Conduct industry research and market analysis to inform investment decisions and portfolio strategy.
• Assist in identifying and tracking prospective investment opportunities by engaging with external managers and maintaining pipeline data.
• Work closely with investment members to support the broader investment workflow, from sourcing through execution and monitoring.

Sustainable Investing Team

Sustainable Investing team plays a central role in advancing NYSIF's Net Zero Plus Climate Transition Strategy. Duties include but are not limited to:

• Support the integration of sustainability factors across the investment process by conducting research and analysis on material ESG risks and opportunities.
• Assist in identifying sustainable investment opportunities for NYSIF's Net Zero Climate Portfolio.
• Assist in evaluating investment managers' ESG policies, practices, and disclosures as part of ongoing due diligence and monitoring.
• Contribute to the development and refinement of climate-related frameworks and sustainable investment strategies, including decarbonization initiatives.
• Assist in drafting sustainability memos and presentation materials for review by the Investment Committee.
• Collaborate with other investment teams to support ESG integration across asset classes and develop cross-cutting research on sustainability trends.
• Maintain and update ESG-related dashboards, scorecards, and databases used for portfolio monitoring and reporting.

Interns must be available to work at least 8 hours per week and must report to the NYC office (199 Church Street) at least once a week.

Fringe Benefits:

• Competitive Compensation
• Future Career Growth Potential
• Open and Supportive Team-Based Environment
• Full Medical, Vision, and Dental (with 50%+ schedule)
• Retirement Options
• Public Student Loan Forgiveness (PSLF)
• Possibility of Telecommuting, Flextime, and Alternative Work Schedules

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.

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.

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