NY Green Bank: Summer Analyst, Investment & Portfolio Management
NY Green Bank (“NYGB”) is a globally recognized $1.0 billion sustainable investment management fund with the mission to accelerate clean energy deployment in New York State (“NYS” or the “State”) by collaborating with the private sector to transform financing markets. NYGB works to increase the size, volume and breadth of sustainable infrastructure investment activity throughout the State, expand the base of investors focused on NYS clean energy, and increase market participants’ access to capital on commercial terms. To achieve these objectives, NYGB develops transaction structures and methodologies that overcome typical clean energy investment barriers, such as challenges evaluating risk and addressing the needs of distributed energy and efficiency projects where underwriting may be geared more towards larger and/or groups of somewhat homogeneous investment opportunities. With more than $1.7 billion invested as of September 30, 2022, NYGB has demonstrated that many of the financial market barriers to sustainable infrastructure projects in NYS are surmountable. NYGB is a division of the New York State Energy Research & Development Authority (“NYSERDA”).
NYGB seeks experienced and motivated individuals with excellent organizational, critical thinking, and quantitative skills to join its investment team. As part of this 10-week paid internship program, NYGB interns will be responsible for supporting the full cycle of NYGB’s investment process, including: conducting industry research to identify investment opportunities, financial modeling and valuation analysis, conducting due diligence, and structuring and executing transactions. NYGB interns will have the opportunity to work closely with industry specialists, be a part of a small and growing team, and gain exposure to a variety of transactions and energy technologies.
This is a paid internship for current, full-time students. The pay rate is from $15 to $17 per hour based on current class year. This internship will begin on June 1, 2023 and continue for approximately 10 weeks.
Interns must be located in New York State while working. It is expected that interns will follow our telework policy, with a combination of in-office and remote work. Interns work up to 37.5 hours per week during the Summer.
The Summer Analyst’s primary responsibilities will be to:
• Present new investment proposals to NYGB’s scoring committee
• Prepare reports, analyses, and presentations to assist with investment decision-making and monitoring of existing transactions
• Perform market research and analyze industry trends to support business development activities
• Communicate regularly with internal management and external stakeholder groups
• Work on high-performance teams to drive projects forward and deliver on schedule
• Perform other responsibilities as needed
Required skills and qualifications:
• Current full-time college student, preferably a junior entering their senior year, working toward a bachelor’s degree (relevant majors may include but are not limited to business, finance, economics, energy, environmental studies)
• Strong analytical and problem-solving skills
• Demonstrated interest in financial markets and clean energy or sustainable infrastructure
• Experience with MS Excel and other MS Office products • Strong verbal and written communication skills, with the ability to articulate complex concepts
• Excellent work ethic and aptitude to perform under tight deadlines to contribute to NYGB’s success
• Capable of working under limited supervision and taking on new and unfamiliar tasks
• Experience conducting financial analysis is a plus