New Zealand Local Government Funding Agency ("LGFA") was enabled under the Local Government Borrowing Act 2011 and was incorporated on 1 December 2011. LGFA is owned by thirty Councils and the Crown and is a Council Controlled Organisation (CCO) operating under the Local Government Act 2002.
LGFA's primary purpose is to be a low-cost provider of efficient and diversified funding sources for NZ local authorities. The obligations of LGFA are guaranteed by fifty-eight councils. LGFA has assets of $13.2 billion and equity of $83.6 million as at 30 June 2020.
LGFA lends to sixty-eight councils and covers 95% of the sector debt by outstandings with 90% market share. Over the past five years LGFA has undertaken several innovative and highly successful initiatives and always maintains a culture of continuous improvement. New products introduced include bespoke lending, short term lending and currently introducing standby facilities, green, social and sustainable loans and lending to CCOs. Councils can borrow for any term from one month to 17 years.
A position with LGFA gives you a distinct opportunity to work with market-leading financial institutions, local government sector, government agencies and with our highly skilled staff. This newly created, three-month fixed term Intern opportunity will see you working with and gaining valuable experience from the largest public issuer of NZD debt securities after the New Zealand Government and the sixth largest financial lender in New Zealand.
The role will give you exposure to and experience in:
What is on offer:
A Job Description is available at www.lgfa.co.nz/about-lgfa/careers
Please apply by emailing a CV and Cover Letter that demonstrates your ability to meet the requirements of the role to the following email address: email@example.com
Applications close 5pm Monday 26th October 2020.
LGFA is an equal opportunity employer and we are committed to providing a working environment that embraces and values diversity and inclusion.