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Intern, Investment and Portfolio Management

NYSERDA - New York State Energy Research and Development Authority
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Intern, Investment and Portfolio Management

Please submit two files, one for your cover letter and another for a resume, through our Careers page online https://www.nyserda.ny.gov/About/Careers-at-NYSERDA/Jobs-at-NYSERDA-and-NY-Green-Bank/Job-Details?reqId=1441 

(Applications submitted only through your school’s recruiting portal will not be considered.)

 

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 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 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 students at an accredited college. The pay rate is from $18 to $20 per hour (with effect from 1/2/2025) based on current class year. This internship will begin on June 2, 2025 and continue for approximately 10 weeks. 

Interns must be located in New York State or an immediately adjacent 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 18.5 hours per week during the semester, and up to 37.5 hours per week between semesters, when not attending classes.

PRIMARY RESPONSIBILITIES

  • 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.
  • Ability to demonstrate respect, equity and inclusive behavior and practices of a diverse workforce and community.

MINIMUM QUALIFICATIONS

  • Current student at an accredited college, preferably a Junior entering their Senior year (Class of 2026), 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.

TO APPLY

Please submit 2 files, one for the resume (1 page) and another for your Cover Letter containing a 150-word statement of interest. Please submit your application online through our Careers page by February 14, 2025.

 (Applications submitted only through your school’s recruiting portal will not be considered.)

 

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.