Where do you go to school and what are you studying towards?
I just finished my sophomore year of undergrad at the University of Pennsylvania. I’m a member of the College of Arts and Sciences where I study Mathematical Economics, an interdisciplinary degree between the two departments for which the degree is named.
What attracted you to Reinvestment Fund for an internship?
I’m interested in pursuing a career in real estate, so I spent most of my time looking for positions with real estate investment firms and development firms. I was also really interested in doing meaningful work and thus, Reinvestment Fund seemed like the perfect fit! The combination of social impact and finance was really unique and makes Reinvestment Fund a great place for anyone interested in either field. Additionally, after researching the program I realized that Reinvestment Fund really uses its interns wisely (I’ve seen this in action the past few weeks). We work on the big projects and get hands-on experience. I knew I would be able to learn a lot and meet many interesting, smart, and passionate people.
What are some of the things you will be working on for Reinvestment Fund during your internship? What do you hope to learn from your internship here?
I’m working under Caroline Rosch doing portfolio management in the Lending Department. We are currently working on our Q2 portfolio review which looks at Commercial Enterprises and Housing. We’ve spent time collecting data, working on credit memos, and looking at different calculations which asses the health of the loans. It has been really interesting and worthwhile to see the different ways we analyze loans and all of the different steps that have to be taken to assure both return on our investment as well as positive social impact. I’m hoping to continue learning about the real estate financing industry as well as the way business can have a greater impact, and use this knowledge in the future.
Share something interesting you have learned about Reinvestment Fund or the industry in your time here.
One of the most interesting things I’ve learned while at Reinvestment Fund is that each deal is incredibly unique and detailed. Every loan I’ve been looking at has many different moving parts and key players, all in the hopes of making the biggest impact. Whether it’s a charter school or a housing development, each loan is different and warrants thoughtful consideration. I’ve also begun to realize that while we may talk in the abstract or look at things in terms of numbers, at the end of the day our loans and work affect PEOPLE. I visited a charter school in North Philadelphia a few weeks back and had the opportunity to see the teachers, administrators, and students that we were helping. The loan was no longer just a series of numbers in a database, but rather an entire school community — it was very powerful.
Is there anything else that you would like to share that we didn’t ask you?
The one extra thing I would mention is that the people here have been such a pleasure to work with. Everyone is extremely welcoming and eager to get to know you. There is such a nice atmosphere in the office, and people are constantly smiling and chatting and are clearly happy to be at work. They are also more than willing to teach you anything and help you learn about the industry. The people who work at Reinvestment Fund come from all walks of life and are truly eager to make sure that the interns have the best and most fulfilling time possible.
College(s) attended: University of Pennsylvania, Mathematical Economics (expected graduation 2018)