Summer Associate, Innovative Finance

$30 - $35/Yr

The Rockefeller Foundation - New York, NY

- Intern

Hybrid - New York, NY

Religious, Grantmaking, Civic, Professional, and Similar Organizations

About the position

The Rockefeller Foundation is seeking a Summer Associate for the Innovative Finance Team. The Innovative Finance Team is the Foundation's impact investment arm, using investments and grants to mobilize private capital towards innovative, scalable, market-driven solutions that address the world's toughest challenges, with a focus on climate. We value our Summer Associates and want to invest in and mentor future leaders who will grow personally and professionally and create an impact in the philanthropic sector. As a Summer Associate at The Rockefeller Foundation, you will have the chance to contribute to our initiatives through engaging, meaningful work assignments.

Responsibilities

• Assist with the vetting, due diligence, and execution of new climate-focused investment opportunities.
• Conduct due diligence on potential investment opportunities across asset classes.
• Build financial models to determine the value and optimal capital structure under various financing and operating scenarios.
• Perform impact analyses and build impact frameworks to tell the impact story and effectively monitor performance.
• Prepare materials for investment committee review and approval processes.
• Assist in structuring and negotiating the financial and legal terms of new investments.
• Conduct research on emerging themes in climate finance to help inform the team's investment strategy.
• Frame and structure research looking into one or more emerging climate finance themes.
• Conduct primary and secondary research to inform the research and point of view.
• Present findings to the senior team to inform the team's climate strategy.
• Monitor existing investments, including analyzing and tracking the receipt of periodic performance, financial and social reporting, and payments from portfolio companies.
• Format and synthesize financial information and other data received for internal reporting to the investment committee.
• Prepare communications materials for the portfolio, including regular financial and impact performance reporting.

Requirements

• Currently enrolled in a graduate program in business, economics, public policy, government, international development, or a related field.
• Capacity for Investment and Financial Analysis: Due diligence experience and facility with multiple financial areas, including financial modeling, structuring, investment, and risk analysis and accounting.
• Good understanding of (and/or interest in) development, international finance, and macroeconomics.
• Prior work experience in buy- or sell-side finance preferred.
• Excellent interpersonal abilities; good listening skills; strong writing and verbal skills; assertiveness in communicating ideas.
• Ability to evaluate risks and opportunities; uses analytical and problem-solving skills; takes initiative and drives for results; able to prioritize; proactive self-starter.
• Strong project management skills; meets deadlines; a sense of urgency and responsibility; ability to multi-task and work under pressure; thorough.
• Interest or experience working in the nonprofit sector and a strong interest in impact investing, particularly in the area of climate.
• Must be authorized to work in the United States.
• Committed to the mission of the Foundation.

Nice-to-haves

• Bias for Action: Takes on new opportunities and tough challenges with a sense of urgency, high energy, and enthusiasm.
• Communicates Effectively: Develops and delivers multi-mode communications that convey a clear understanding of the unique needs of different audiences.
• Decision Quality: Makes good and timely decisions that keep the organization moving forward.
• Plans and Aligns: Plans and prioritizes work to meet commitments aligned with organizational goals.
• Values Differences: Recognizes the value of different perspectives and commits to inclusion, equity, and diversity in every aspect of work.

Benefits

• Pay Range: $30 - $35 hourly rate.
• This is a non-exempt position and thus eligible for overtime pay.