Managing Director, Community Development Investment Group

This position is at NY Green Bank, a division of NYSERDA. NY Green Bank is a specialized investment fund dedicated to bridging financial gaps and mobilizing private capital to advance the build-out of clean energy and renewable infrastructure in New York State.

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. 

As a leader in advancing New York’s energy transition, the New York State Energy Research and Development Authority (NYSERDA) has remained a credible, objective and trusted partner in our State’s energy planning as well as deploying new and innovative technologies to expand New York’s economy. NYSERDA has worked for the past 50 years to protect the environment and help New Yorkers increase energy efficiency, lower energy costs and reduce reliance on fossil fuels. NYSERDA engages with stakeholders including 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 in the clean energy transition. 

Job Overview

The Managing Director, CDIG will help lead NYGB’s community‑development real‑estate lending program, expanding opportunities for NY Green Bank to support clean energy and building decarbonization projects, including those that serve disadvantaged communities (DACs), help overcome investment barriers and advance the state’s environmental‑justice goals. Reporting to the Managing Director of the Community Development Investment Group, this position will own the full investment lifecycle —from origination through portfolio management —within a team which will include a combination of VPs, Associates and/or Analysts. The Community Development Investment Group will work in close collaboration with other NY Green Bank teams, including but not limited to: Investment and Portfolio Management, Business Development & Innovation, Risk & Compliance, Legal & Regulatory Affairs, Finance & Operations, and Strategy, Impact & Communications.

The position will be in New York City and may require 10% - 20% travel.

Primary Responsibilities

• End‑to‑end deal execution – Originate, underwrite, structure, negotiate, close, and monitor real‑estate transactions (affordable housing, commercial, community facilities) that catalyze private capital and may include leveraging Low‑Income Housing Tax Credits (LIHTC), New Markets Tax Credits (NMTC), Opportunity‑Zone credits, Commercial Property-Assessed Clean Energy (C‑PACE) financing, and other state and local incentive and subsidy programs.
• Innovative financing – Design and implement financing structures that overcome barriers in DACs and attract private‑sector capital.
• Partnership development – Build and maintain co‑financing relationships with commercial banks, mission‑driven lenders, Community Development Financial Institutions (CDFIs), and public agencies.
• Credit analysis & approvals – Lead preparation of comprehensive credit memoranda and present proposals to NYGB’s investment and risk committees.
• Portfolio oversight – Track project performance, enforce covenant compliance, and manage risk mitigation for existing loans.
• Market intelligence – Stay abreast of industry trends, regulatory changes, and best practices in renewable energy, real estate, and community‑development finance.
• Stakeholder engagement – Cultivate relationships with sponsors and other stakeholders to source new business aligned with NYGB’s mission.

• Team leadership – Mentor and develop a team including VPs, Associates, and/or Analysts; foster a collaborative, high‑performance culture, including among other NY Green Bank teams.

• Perform all managerial and supervisory responsibilities with respect, fairness, consistency, and inclusion across the workforce. 

Minimum Qualifications

• Bachelor’s degree plus ≥10 years of experience in commercial real‑estate lending, affordable‑housing finance, and community‑facility lending (underwriting, cash‑flow modeling, transaction execution, restructurings) including 5 years experience in a supervisory role.

• Proven record of accomplishment structuring market rate and concessionary real-estate financings, as well as those using LIHTC, NMTC, Opportunity‑Zone credits, and C‑PACE financing. 
• Experience working with CDFIs and managing relationships with borrowers.
• Extensive experience with financial‑modeling; ability to oversee rigorous due‑diligence and sensitivity analyses.
• Excellent written and oral communication; comfortable presenting complex concepts to credit committees.
• Demonstrated leadership—able to coach senior and junior staff, manage multiple concurrent projects, and drive deals to closing under tight deadlines.
• Self‑starter with a “closer” mindset, high work ethic, and adaptability to a fast‑moving environment.
• Ability to collaborate across multiple teams to achieve collective goals and targets. 

Preferred Qualifications

• Master of Business Administration (MBA) with at least 8 years of experience in commercial real‑estate lending, affordable‑housing finance, and community‑facility lending (underwriting, cash‑flow modeling, transaction execution, restructurings) including 5 years experience in a supervisory role.

Please submit two files, one for your cover letter and another for a resume.

For further information on our hiring policies, employment opportunities for people with disabilities and EEO please click on this link and scroll down to the Policies section.

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.

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Salary : $172,787 - $213,995