Public Finance Fellowship

Position Title:                        Public Finance Fellow                            

Grade/Classification:           N/A

Bargaining Unit:                   Unrepresented

FLSA Status:                           Non- Exempt

Last Revised: November 7, 2023

Nature and Scope

DASNY provides financing and construction services to public and private universities, not-for-profit healthcare facilities and other institutions that serve the public good.  DASNY is divided into five major sub-divisions:  Executive Direction, Public Finance and Portfolio Monitoring, Construction Services, Counsel, Finance & Information Services. The Public Finance and Portfolio Monitoring division is the focal point for DASNY financings. It raises money in the capital markets for DASNY customers by determining the feasibility and structure of financings and overseeing issuance to assure the lowest cost of capital to DASNY customers.

Primary Purpose

Under general supervision, serves in a temporary capacity as a DASNY fellow for a municipal finance project or projects. The fellow also participates in a seminar series covering a variety of DASNY business topics. The Public Finance Fellow will be placed at DASNY headquarters located in Albany, NY for the first six-month term, and the location of the participating financial institution for the second six-month term.

Essential Functions 

• Perform and review detailed financial analysis and financial calculations.
• Assist in the production of Official Statements.
• Assist in the preparation and/or review of bond issues including drafting staff reports and reviewing financial statements.
• Review and maintain data in DASNY's portfolio monitoring databases and payment tracking systems; perform periodic review and/or reconciliations to ensure accuracy of data.
• Prepare monitoring reports of clients' financial and program performance.
• Discuss and recommend actions concerning fiscal problems uncovered by review of financial statements, special reporting, site visits and payment performance.
• Prepare credit analysis for new financings.
• Evaluate financial impact and prepare recommendations based on findings for requests of changes under mortgages, such as the sale or leasing of property, working capital loans and easements.
• Monitor facilities' financial performance during construction and provide DASNY clients with the support and guidance needed to obtain capital reimbursement.
• Monitor workout agreements with financially challenged clients and identify payment delinquencies.
• Participate in the administration of the DASNY’s Health Care Restructuring Pool and Health Care Portfolio Management Fund loans.
• Participate in the administration of new programs, including grant programs.
• Undertake special assignments and special projects as directed.

 Essential Skills

• Demonstrated analytical skills.
• Excellent oral and written communications skills.
• Excellent organizational skills and ability to prioritize.
• Proficiency in PC applications such as Outlook, Excel, Access, Word and PowerPoint.

 Applicants for DASNY’s Fellowship must:

• Be an undergraduate student from an underrepresented group who received a bachelor’s degree in December 2024 or will receive a bachelor’s degree in May or June 2025. 
• Demonstrate an interest in public finance, a familiarity with governmental institutions, quality work ethic, and a strong drive towards the pursuit of an exciting and rewarding career.
• Possess analytical and quantitative skills, which may be demonstrated through internships and/or the successful completion of economics, business administration, or mathematics courses, which are preferred but not required.
• Commit to working in-person in the DASNY Albany office for the duration of the first six-month term and commit to working in-person at the NYC office of the investment bank for the duration of the second term.
• Be authorized to work in the United States.
• Provide the following:
• Resume;
• Unofficial college transcript; and
• Personal Statement up to 650 words that describes: 1) the importance of promoting diversity in the financial services industry and 2) how your life experience, including challenges overcome, leadership and service experience, or academic experience, will enhance your ability to be successful in the Fellowship.

 Application Deadline: January 31, 2025

 Virtual or in-person interviews will be held on Friday, February 14, 2025