Associate, Investment Administration And Portfolio Support

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 Leadership and Community Protection Act (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:

• Overcome barriers to using clean energy at a large-scale in New York.
• Attract the private sector capital investment needed to expand New York’s clean energy economy.
• Enable New York’s communities and residents to benefit equitably from energy efficiency and renewable energy.

Job 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 December 31, 2022, NYGB has invested more than $1.9 billion across a range of technologies including solar, wind, clean transportation, community distributed generation, energy storage, controlled environment agriculture, bioenergy, energy efficiency, electric vehicles, 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 a highly motivated, detailed-oriented individual with excellent organizational, execution, analytic, and communication skills to work in the critical area of Investment Administration & Portfolio Support (“IAPS”). This position reports to the IAPS Director. The individual will work across the organization, especially the Investment, Operations & Finance, Legal & Regulatory Affairs, Risk & Compliance teams, as well as with external service providers.

Primary Responsibilities

Proactively coordinate numerous weekly client fundings

• Schedule fundings and create related communication channels
• Examine the details of relevant funding mechanics
• Draft funding checklist templates based on underlying legal documentation

Onboard New & Modified Transactions

• Set up control account access by NYGB for transaction accounts held at external banks
• Register new investments in electronic databases for transaction profiles, reporting requirements and collateral summaries
• Coordinate proper information disclosures about modifications to existing portfolio accounts
• Authorize and/or sign up internal NYGB and external third-party access to data rooms
• Ensure transaction hard copy documents are properly stored, recorded and retained

Portfolio Management

• Report on the timely delivery of all reporting notices and provide succinct summaries about deviations
• Assist in the development and implementation of new systems to improve overall position functions
• Ongoing reporting database management and coordination with transaction teams and clients
• Prepare weekly report on overall fundings, checklists, modifications & overdue reporting
• Perform ad hoc analyses and research to support NYGB’s teams and mission as well as other responsibilities as assigned
• Assist processing of fundings and amendments by gathering control account and other information for use by investment team and vetting compliance with funding requirements

Minimum Qualifications

• Strong verbal and written communication skills with the ability to succinctly summarize concepts
• A minimum of 2 years’ experience with legal agreements for financial transactions, loan administration, compliance, and/or portfolio management
• Proficient in Microsoft Office; Microsoft SharePoint experience helpful but not required
• Takes ownership of tasks and projects and follows through on obligations and promises
• Self -starter who is able to organize workload priorities
• Strong analytical and problem-solving skills
• Able to meet time sensitive deadlines
• Able to handle a large volume and variety of projects in parallel
• Bachelor’s degree
• Flexible and adaptable to changing organizational needs for the position

Salary

The Associate salary range is from $85,712 – $120,156. Candidates will be considered based on qualifications and experience. An excellent benefits package is offered.

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How To Apply

Please submit one file for the Associate Investment Administration and Portfolio Support position, job# 774, that includes both your cover letter and resume.