Project Finance Associate

The New Terminal One at John F. Kennedy International Airport is a bold and exciting project to develop a world-class international terminal that will serve as an anchor terminal in the Port Authority's $19 billion transformation of JFK into a global gateway to the New York metropolitan area and the United States. The New Terminal One will set a new standard for design and service, aspiring to obtain a Top 5 Skytrax ranking and be considered one of the finest airport terminals in the world.

The New Terminal One is being built on sites now occupied by Terminal 1 and the former Terminal 2 and Terminal 3, where it will anchor JFK's south side. Construction is taking place in phases. The first phase includes the new arrivals and departures halls and first set of 14 new gates. Upon full completion, the New Terminal One will be 2.6 million square feet, making it the largest terminal at JFK and nearly the same size as LaGuardia Airport's two new terminals combined.

The New Terminal One will be a 23-gate, state-of-the-art, international-only terminal. Sustainably designed and future-focused, the terminal will feature expansive, naturally lit public spaces, cutting-edge technology, and an array of amenities, all designed to enhance customer experience and compete with some of the highest-rated airport terminals in the world.

Who we are looking for:

The Project Finance Associate will play an important role in financial modeling, project financing, and strategic decision support for JFK NTO. The individual will be a key resource supporting executive management, lenders, investors, rating agencies, and project stakeholders.

What you’ll be doing:

Financial Modeling & Analysis

• Manage and maintain long-term project finance models.
• Develop and evaluate financing structures, refinancing opportunities, and capital allocation strategies.
• Conduct complex scenario analyses related to project schedules, costs, traffic, revenue, financing, and liquidity.
• Coordinate interaction with accounting team to ensure consistency of modeling with financial reporting
• Develop strategic analyses, business cases, and recommendations to support management decision-making and long-term objectives.

Financing & Capital Markets

• Develop financial analyses and presentations required for lenders, investors, rating agencies, shareholders, and other stakeholders.
• Support debt issuances, amendments, refinancings, and other financing transactions.
• Coordinate due diligence workstreams and financing-related information requests.
• Evaluate financing alternatives and prepare recommendations for management.

Risk Management

• Monitor financing agreement requirements, covenant compliance, and reporting obligations.
• Identify and assess financial risks related to project costs, schedule, revenue, and funding assumptions.
• Recommend mitigation strategies and support implementation of risk management initiatives.

Project Monitoring

• Monitor project costs, funding requirements, budget changes, and key project milestones.
• Evaluate the financial impact of schedule, cost, scope, and commercial developments on project economics and financing needs.
• Guide development of project forecasts and analyze variances against budget, plan, and financing assumptions
• Ensure interaction with financial planning & analysis team to establish consistency between model forecasting and near-term budgeting exercise
• Coordinate with project teams to identify risks, opportunities, and key performance drivers and recommend actions to support project objectives

Reporting

• Prepare board-level presentations, executive summaries, and decision-support materials.
• Develop materials for shareholder meetings, lender updates, and rating agency reviews.
• Present financial analyses, risks, and recommendations to senior leadership.
• Translate complex financial information into clear and actionable business insights.

Leadership

• Coordinate cross-functional workstreams with internal teams and external advisors.
• Drive continuous improvement of financial models, reporting processes, and analytical tools.
• Serve as a subject matter resource for project finance analyses and stakeholder reporting.

Qualifications:

• 3-5+ years of experience in project finance, infrastructure finance, investment banking, corporate finance, infrastructure advisory, or public-private partnership projects.
• Advanced financial modeling skills.
• Strong understanding of project finance structures, debt financing, and capital markets.
• Experience preparing materials for boards, lenders, investors, and rating agencies.
• Bachelor’s degree in Finance, Accounting, Economics, Engineering, Mathematics, or related field.
• Strategic and commercial mindset.
• Strong problem-solving abilities.
• Ability to manage complex analyses independently.
• Executive-level communication and presentation skills.
• Strong stakeholder management and relationship-building capabilities.

Where will you work:

This role will be onsite and is currently located in Building 111 at JFK Airport. Certain duties will require you to access our construction site, and you will be required to strictly adhere to all company and site-specific safety guidelines.

This is a local hire position. The company does not offer relocation packages or reimbursement for moving expenses.

As NTO progresses towards its operational phase, your role may transition to the terminal, where you will be directly involved in the day-to-day activities of this state-of-the-art international terminal.

This role requires a valid Security Identification Display Area (SIDA) badge, and CBP (U.S. Customs and Border Protection) seal, which will be obtained and maintained throughout employment. Successful candidates will be subject to a background check and other security clearance procedures mandated by the TSA (Transportation Security Administration, CBP and PANYNJ (Port Authority of New York and New Jersey). Candidates who cannot obtain and maintain this credential will not be considered for employment.

What We Offer:

• Medical
• Dental
• Vision
• HSA/FSA
• Group Life and Accidental Death and Dismemberment
• Short and Long-Term Disability Insurance
• 401k matching
• Comprehensive online training program
• Discount and Perks through partner programs

Our values and commitment:

We do not discriminate in employment based on race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service, or other non-merit factor. We celebrate diversity and are committed to creating an inclusive environment for all employees.

The New Terminal One consortium of labor, operating, and financial partners is led by Ferrovial, JLC Infrastructure, Ullico, and Carlyle. The New Terminal One is being built by union labor and we are committed to local inclusion and labor participation, focusing on diversity and capacity-building opportunities, including ambitious participation goals of 30% for minority and women-owned enterprises, 10% for local business enterprises and 3% for service-disabled veteran-owned businesses.

To learn more about the New Terminal One at JFK International Airport, visit