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NY Green Bank · 1 day ago

Associate, Investment & Portfolio Management

New York City, New York, NY, US

Full-time

Onsite

Entry Level

$94K/yr - $131K/yr

2+ years exp

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. The Associate on the Investment & Portfolio Management Team will work on financing renewable energy projects, including structuring, underwriting, and managing project finance loans.

Financial Services

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

Qualification

Financial modelingProject financeCredit analysisNegotiationCommunication skillsAnalytical skillsLearning attitudeProblem-solvingTeam collaborationWork ethic

Required

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

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