Public Finance Fellowship

Dasny•Albany, NY

2d•Onsite

About The Position

DASNY provides financing and construction services to public and private universities, not-for-profit healthcare facilities, and other institutions that serve the public good. Its Public Finance and Portfolio Monitoring division raises money in the capital markets for DASNY customers by determining the feasibility and structure of financings and overseeing issuance to secure the lowest cost of capital for customers. Under general supervision, the Public Finance Fellow serves temporarily on one or more municipal finance projects and participates in a seminar series covering DASNY business topics. The fellow works in person at DASNY headquarters in Albany, New York, during the first six-month term, and at a participating financial institution in New York City during the second six-month term. The position involves financial analysis, support for bond issuance and portfolio monitoring, preparation of credit analyses and reports, and work on healthcare financing and other programs. Applicants must be undergraduate students from an underrepresented group who received a bachelor’s degree in December 2026 or expect to receive one in May or June 2027. Applicants must be authorized to work in the United States and commit to the in-person placements. Application materials include a resume, unofficial college transcript, and a personal statement of up to 650 words addressing diversity in financial services and the applicant’s experiences and qualifications.

Requirements

Be an undergraduate student from an underrepresented group who received a bachelor’s degree in December 2026 or will receive a bachelor’s degree in May or June 2027.
Demonstrate an interest in public finance and familiarity with governmental institutions.
Demonstrate a quality work ethic and strong drive toward pursuing a career.
Possess analytical and quantitative skills.
Commit to working in person at the DASNY Albany office for the first six-month term and at the participating investment bank’s New York City office for the second six-month term.
Be authorized to work in the United States.
Submit a resume, unofficial college transcript, and a personal statement of up to 650 words addressing the importance of promoting diversity in financial services and how the applicant’s life experience, challenges overcome, leadership and service experience, or academic experience will contribute to success in the Fellowship.
Demonstrate analytical skills, excellent oral and written communication skills, excellent organizational skills, and the ability to prioritize.
Be proficient in PC applications such as Outlook, Excel, Access, Word, and PowerPoint.

Nice To Haves

Successful completion of economics, business administration, or mathematics courses is preferred but not required.
Relevant internships may demonstrate analytical and quantitative skills.

Responsibilities

Perform and review detailed financial analysis and financial calculations.
Assist in producing Official Statements.
Assist with preparing and/or reviewing bond issues, including drafting staff reports and reviewing financial statements.
Review and maintain data in portfolio monitoring databases and payment tracking systems, and periodically review or reconcile data for accuracy.
Prepare reports monitoring clients’ financial and program performance.
Discuss and recommend actions concerning fiscal problems identified through financial statement reviews, special reporting, site visits, and payment performance.
Prepare credit analyses for new financings.
Evaluate financial impacts and prepare recommendations concerning requests for changes under mortgages, including property sales or leases, working capital loans, and easements.
Monitor facilities’ financial performance during construction and support clients seeking capital reimbursement.
Monitor workout agreements with financially challenged clients and identify payment delinquencies.
Participate in administering the DASNY Health Care Restructuring Pool and Health Care Portfolio Management Fund loans.
Participate in administering new programs, including grant programs.
Undertake special assignments and projects as directed.
Participate in a seminar series covering DASNY business topics.