Associate, Investment & Portfolio Management

Job Description

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.

Primary Responsibilities

Candidate will be expected to advance financial, technological and legal due diligence for project finance loans, including origination, diligence, structuring, financial modeling, negotiation, execution and portfolio management. In more detail, candidate will be expected to advance and contribute to the following tasks:

• 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.

Additionally, successful candidate is expected to:

• 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.

Minimum Qualifications

• 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.

Preferred Qualifications

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].

Please submit two files, one for your cover letter and another for a resume.

For further information on our hiring policies, employment opportunities for people with disabilities and EEO please click on this link and scroll down to the Policies section.

Please note that during the application process, you may be prompted to opt-in to Artificial Intelligence ("AI") scoring. This is an automatic request in the ADP system but is not a feature that is used by NYSERDA in its recruiting and hiring process. Your response will have no impact on your application to NYSERDA.

Salary

The salary range is $93,659 - $131,298 annually. Candidates will be considered based on qualifications and experience. An excellent benefits package is offered.