The following job description summarizes the activities and objectives associated with the summer internship at TRS. These activities will provide valuable experience within finance, accounting and investments as college students continue to work towards their degree. 

This internship is anticipated to run from mid-May to early August and is flexible around the selected candidate’s schedule needs. The position may be hybrid based on the candidate’s needs.

Job Description

Under the direction of the Investment Accounting Manager, the summer intern performs analysis and audits of investment activity, assists the investment operations/accounting department in daily monitoring of transactions generated by the custodian and investment managers and participates in meetings conducted by Investment Officers performing reviews and due diligence. Report preparation and analyses of external reports will be assigned as well as maintenance of data base entries.

Examples of Projects

• Validate fee payments: Input multiple sources of data into Excel spreadsheet, research, and review fee contract terms, calculate fee and validate Investment Manager invoices and reporting. 
• Fee analysis: Prepare fee accrual spreadsheets, update fee databases, and reconcile accounting entries.
• Log and compare quarterly reports to capital account statements related to Alternative Investments. Variances must be analyzed.
• Perform cash audits to verify proper documentation and approvals.
• Retrieve and record manager information regarding proxy voting and soft dollar purchases.
• Audit and record files for monthly Investment Manager reconciliations.
• Review, summarize and organize documents according to TRS retention policy.
• Attend quarterly meetings/updates between Investment Managers and TRS Investment Officers, as time permits. Observe manager’s insight on future market expectations and economic issues.
• Attend Operating Committee meetings to attain understanding of the investment decision-making process (manager search, selection and final approval, funding), as time permits.

Minimum Requirements

• Must be currently enrolled in a degree in or related to finance, investments, or accounting
• Must have a graduation date no later than May 2023