This position is at the NY Green Bank, a division of NYSERDA. NY Green Bank is a globally recognized sustainable investment fund. Its mission is to accelerate clean energy deployment in New York State in alignment with the Climate Act.

　　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.

　　New York is leading the nation in the fight on global climate change and the transition to a clean energy-powered economy. The Climate Act (https://climate.ny.gov/) has created the most aggressive climate change goals in the nation and requires an ambitious agenda that blends proven catalysts with innovative approaches while operating across a broader energy arena that is rapidly evolving. New York State Energy Research & Development Authority (NYSERDA) is a driving force in realizing this agenda. NYSERDA works with stakeholders that span 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 from energy efficiency and renewable energy.

　　INTERNSHIP OVERVIEW

　　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 $2.1 billion invested as of September 30, 2023, 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 a highly motivated, detail-oriented individual with excellent organizational, execution, analytic and communication skills to join the NYGB team in the position of Summer Analyst, Investment Administration & Portfolio Support (“IAPS”), reporting to the IAPS Director. For 10-weeks, the Summer Analyst will work closely with a small team that manages NYGB’s client fundings, control account management, reporting covenant management, communication/coordination between front office and back office, and general portfolio management. The Summer Analyst will gain hands-on experience to a wide variety of activities, clean energy transactions and the underlying energy technologies. The successful candidate will scrutinize the entire NY Green Bank portfolio of existing transactions and gain comprehensive knowledge of market leading energy transition financing terms and conditions. The Summer Analyst will work across the organization, especially with the Investment, Operations & Finance, Legal & Regulatory Affairs and Risk & Compliance teams.

　　This is a paid internship for current students at an accredited college. The pay rate is from $15 to $18 per hour based on current class year. This internship will begin on June 3, 2024 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.

　　PRIMARY RESPONSIBILITIES

　　Register transaction profiles for new and modified investments in electronic database & review existing entries.

　　Register collateral summaries for transaction collateral in electronic database & review existing entries.

　　Take physical inventory of NYGB safe and update electronic database.

　　Perform ad hoc analyses and research to support NYGB’s teams and mission as well as other responsibilities assigned.

　　MINIMUM QUALIFICATIONS

　　Current student at an accredited college 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/or clean energy.

　　Experience with MS Office products and SharePoint helpful but not required.

　　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.

　　TO APPLY

　　Please submit a PDF containing a 150-word statement of interest and 1-page resume (consolidated into one file) online by February 29, 2024.  (Applications submitted only through your school’s recruiting portal will not be considered.)

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