Associate, Investment & Portfolio Management

New York State Energy Research•New York, NY

1d•Onsite

About The Position

This position is at NY Green Bank, a division of NYSERDA. NY Green Bank is a specialized investment fund dedicated to bridging financial gaps and mobilizing private capital to advance the build-out of clean energy and renewable infrastructure in New York State. NY Green Bank collaborates with the private sector to transform financing markets. It also develops transaction structures and methodologies that overcome typical clean energy investment barriers and can serve as replicable models for other capital providers. As a leader in advancing New York’s energy transition, the New York State Energy Research and Development Authority (NYSERDA) has remained a credible, objective and trusted partner in our State’s energy planning as well as deploying new and innovative technologies to expand New York’s economy. NYSERDA has worked for the past 50 years to protect the environment and help New Yorkers increase energy efficiency, lower energy costs and reduce reliance on fossil fuels. NYSERDA engages with stakeholders including residents, business owners, developers, community leaders, local government officials, universities, utilities, investors, entrepreneurs, and more, to develop, invest, and foster conditions that: Attract the private sector capital investment needed to expand New York’s clean energy economy. Overcome barriers to using clean energy at a large-scale in New York. Enable New York’s communities and residents to benefit equitably in the clean energy transition. Job Overview NYGB is seeking a highly-motivated, detail-oriented individual with excellent organizational, analytical, and communication skills to work in the critical role of Associate on the Investment & Portfolio Management Team. The individual will work with teams across NYGB and NYSERDA to finance renewable energy and sustainable infrastructure transactions within NYGB’s key focus areas that include clean energy generation, energy storage, clean transportation and energy efficiency technologies. The position will involve the structuring, underwriting and execution of bilateral and syndicated project finance loans and management of NY Green Bank existing portfolio. This position will be based in New York City and report to the Managing Director, Head of Investment & Portfolio Management.

Requirements

A Bachelor’s degree with two years of experience with a demonstrated interest in the energy sector broadly, with a focus on renewable technologies and energy transition
Strong analytical and credit skills including ability to analyze financial statements, market data and comparable transactions to draw conclusions and investment recommendations
Strong verbal and written communication skills with the ability to articulate complex concepts and advocate accordingly.
Unparalleled work ethic with the ability to perform under pressure and tight deadlines and a willingness to commit substantial time and energy to the success of NYGB’s mission.
Demonstrated ability to work independently and support project team on complex transactions.
Strong sense of professional judgment and ability to solve problems creatively.
Ability to demonstrate respect and inclusive behavior and practices of a diverse workforce and community.
An ability and desire to learn from others.

Nice To Haves

A Master’s degree in business, finance, economics, or a related degree with at least one year of relevant experience. [in project finance lending or energy investment banking and a demonstrated track record underwriting loans, model project cash flows, negotiating, and executing transactions].

Responsibilities

Assess the feasibility and viability of lending opportunities with focus on predevelopment, construction and term loans
Review construction budgets, sponsor financial statements, and cash flows of the projects to evaluate risks and assess creditworthiness
Structure and negotiate transaction terms based on established underwriting guidelines in alignment with NY Green Bank’s mission
Perform financial modeling and analyses of comparable transactions to support investment recommendations
Collaborate with internal teams, developers and legal counsel as necessary to structure loan agreements and negotiate terms with the counterparty
Prepare and present credit memoranda and investment summaries for internal review and approval by the NY Green Bank’s Investment and Risk Committee
Monitor and manage existing loan portfolio, including tracking project performance, covenant compliance, proactively identify and manage potential risks
Present comprehensive updates on individual transaction performance during monthly and quarterly portfolio reviews
Perform activities furthering NYGB's mission while meeting timelines across multiple priorities in order to achieve desired objectives.
Stay informed of industry trends, emerging technologies, regulatory shifts, and market barriers.
Contribute to high-performing teams, foster collaboration, accountability, and inclusive practices.
Advance and participate in trainings, mentorship and learning opportunities.
Advance positive, supportive, encouraging and collaborative team culture.
Perform all job responsibilities with respect, fairness, consistency, and inclusion.