Website NY Green Bank

Location: New York, NY

Overview

NY Green Bank (“NYGB”) is a globally recognized sustainable investment fund with the mission to accelerate clean energy and sustainable infrastructure deployment in New York State (“NYS” or the “State”). 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 opportunities, and increase market participants’ access to capital on commercial terms. To achieve these objectives, NYGB collaborates with the private sector to develop transaction structures and methodologies that overcome typical clean energy investment barriers and serve as replicable models for other capital providers. NYGB is a division of the New York State Energy Research & Development Authority (“NYSERDA”).

As of March 31, 2021 NYGB has invested more than $1.3 billion across a range of technologies including solar, wind, clean transportation, community distributed generation, energy storage, controlled environment agriculture, bioenergy, energy efficiency, and others. NYGB’s investment activities demonstrate that many of the financial market barriers to sustainable infrastructure projects in NYS are surmountable.

NYGB’s teammates are mission-driven, solutions-oriented professionals with:

  • Deep credit, risk, strategy, and operational expertise
  • Extensive project finance experience with a technical edge in clean energy and sustainable infrastructure finance.

The team is committed to diversity, equity and inclusion and works with a wide range of clean energy market stakeholders with diverse interests and backgrounds – including through its effort to meet the goals of the Climate Leadership & Community Protection Act by investing in projects benefiting the State’s disadvantaged communities.

NYGB seeks experienced, detailed-oriented individuals with excellent organizational, execution, analytic, and communication skills to work with the NYGB team in the critical role of Vice President, Investment & Portfolio Management. These positions report to the Managing Directors of Investment & Portfolio Management. The individuals will work across the organization, including with the Risk & Compliance, Legal & Regulatory Affairs and Operations & Finance teams, as well as with external service providers.

Key Responsibilities

Transaction Origination

  • Lead introductory calls with potential borrowers
  • Attend and participate in industry events and conferences
  • Serve as a member of the transaction scoring committee
  • Draft, negotiate and seek internal approval of term sheets

Transaction Execution

  • Conduct transaction due diligence in conjunction with external advisors and internal groups such as Risk & Compliance, Legal and Strategy, Impact & Investor Relations
  • Participate in transaction negotiations and legal documentation
  • Lead the internal approval process

Portfolio Management

  • Review and approve loan fundings
  • Lead periodic investment monitoring activities
  • Analyze and process requests for waivers, amendments, and consent

Core Competencies and Experience

  • A minimum of 7 years experience in project finance, asset-backed finance or a related field
  • Bachelor’s degree
  • Deep knowledge and relationships in renewable energy and sustainability markets
  • Strong verbal and written communication skills with a comfort in public speaking before large and small audiences
  • Interest in mentoring junior colleagues
  • Strong analytical and problem-solving skills
  • Project management skills with exceptional attention to detail
  • Able to handle a large volume and variety of projects in parallel
  • Able to meet time sensitive deadlines

To apply for this job please visit greenbank.ny.gov.