Developmental Intern - Treasury

Location: White Plains, NY, US

This select 12-week paid internship program begins June 2019 and ends August 2019.

Summary

Treasury-Project Finance team facilitates the funding of NYPA Projects of three types: Energy Efficiency projects Distributed Generation projects and Large Scale Renewables projects.  The Project Finance team's intern will undertake projects including: 

 - Tracking of recent market comparable fundings, identifying and pricing competing funding alternatives, including recent NY State Muni Bond markets, other Agency funding, Private sector structures, and vehicles used for long term funding of projects by other non-NY state agencies.  
 - Improve processes for long-term funding for Projects, including loan and lease package review process.  
 - Get involved in active renewables project work. 


Candidates should have an interest in project structured finance, municipal finance, alternative energy finance, plus the analytic skills to model project cashflows.   Experience with Power Point is helpful. 

Knowledge, Skills and Abilities the intern will walk away with after this internship

 

Knowledge:

Basics of renewable energy and energy efficiency.  Exposure to regulatory and fiscal constraints on renewable energy, state and federal incentives. Familiarity with drivers of typical commercial and utility scale projects in solar, battery storage, wind and energy efficiency.

 

Skills:

Assessment of alternative funding structures for projects in the public sector, basics of public sector finance.  Active involvement in loan and lease review for mid-sized fundings.   
Prepare supporting analysis behind assessments of project financing. 

 

Abilities:

Identify characteristics of funding channels and instruments for public sector infrastructure finance. 
Read and review project financial models containing tax partnerships, capital leases, service contracts.  
Highlight typical risk factors in renewable project finance.   

Education, Experience and Certifications

 

Technical Competencies:

Good financial modeling of project/businesses.  Substantial Excel experience is required.  
Power Point is useful.  
Exposure to electric power industry, renewable energy, or commercial scale construction an advantage.  Exposure to state and local government finance is nice to have. 

 

Behavioral Competencies:

Ability to work with folks outside the finance bubble.  
Readiness to communicate the implication of quantitative analysis to a non-quantitative audience.  
Passion for saving the planet

 

Education Background:

First year MBA / MA Energy Economics, or Econometrics, or similar, with prior energy, construction or finance experience;
OR
Entering senior year in strong accounting or finance program, with one prior internship in project related finance, or energy,
OR
Entering senior year in Environmental Sciences with 2 accounting courses and 1 finance course + modeling. 

 

The New York Power Authority is an Equal Opportunity Employer                       


Nearest Major Market: White Plains
Nearest Secondary Market: New York City