Portfolio Credit Officer - Renewable Energy Finance

Bank Of America Corporation Boston , MA 02298

Posted 6 months ago

Job Description:

Essential Functions:

Responsible for the administration and monitoring of tax equity and debt project finance and multi-draw structured financings in the Renewable Energy Finance ("REF") portfolio. Such activities will include evaluating and processing project related consent requests; ensuring compliance with the terms of transaction agreements; periodic project performance review; project performance forecasting and financial statement review; approving funding advances, construction draws, and collateral eligibility; and monitoring the credit profile of key transaction counterparties (e.g. Borrowers, Servicers, Project Sponsors and Off-takers).

A key element of the Portfolio Credit Officer's ("PCO's") role will be ongoing credit responsibility for a designated portfolio of tax equity and debt project and structured financings. With respect to this portfolio, the PCO will also perform the monitoring requirements outlined in Banc of America Leasing Credit Policy and REF Guidelines. This will include the preparation of status reviews and risk rating scorecards, as well as troubled asset reports. The PCO will also assist in responding to information requests on the portfolio from senior Credit and Risk management.

In executing these duties, the PCO will interact with REF Program Management, Credit Underwriting, Engineering Support, Pricing, Legal and Contracts officers as needed. The PCO will also have significant interaction with our clients in the context of routine administration and project/financial performance discussions, as well as to address any credit or technical issues that may develop with individual transactions or projects. These interactions may include the review and negotiation of potential transaction document modifications.

This position is posted as a Portfolio Credit Officer II, but is flexible to be filled as a Portfolio Credit Officer I based on the skill set/experience of the candidate.

Required Education:

Undergraduate degree in finance or accounting; MBA preferred. Engineering, mathematics or other technical degrees will be considered with an MBA.

Prior Work Experience:
6 to 8 years experience in commercial banking, leasing, or finance industry with significant credit, tax equity, and project finance experience. Exposure to renewable energy project finance would be a plus. Knowledge of energy-related industries is essential; familiarity with the renewable energy sector is a plus.

Required Skills:

  • Foundation in project finance, with experience in commercial and large corporate credit analysis. Comfortable with financial and project performance analysis.

  • Strong credit and risk analysis skills. Good aptitude for understanding elements of complex transaction structures (tax equity and debt) and renewable energy generation projects. Similar aptitude for reviewing and understanding legal documents.

  • Good project and financial modeling skills.

  • Ability to work efficiently and productively on several transactions or tasks at one time.

  • Ability to interact effectively with internal and external clients and partners.

  • Clear and articulate oral and written communication skills

  • Computer skills; very comfortable with applications such as Word and Excel.

  • Results oriented; is able to meet deadlines.

  • Preferred locations New York, Providence, Charlotte, or Boston

Posting Date: 05/17/2019

Location: Boston, MA, 225 FRANKLIN ST (MA1225), New York, NY, BANK OF AMERICA TOWER, ONE BRYANT PARK, Charlotte, NC, ONE BANK OF AMERICA CENTER, 150 N COLLEGE ST, Providence, RI, 1 FINANCIAL PLZ (RI1537), - United States

Travel: Yes, 10% of the time

Full / Part-time: Full time

Hours Per Week: 40

Shift: 1st shift


icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
CDC Renewable Energy Appraisal Program Manager

US Bank

Posted 2 weeks ago

VIEW JOBS 10/3/2019 12:00:00 AM 2020-01-01T00:00 The Renewable Energy Appraisal Program Manager (APM) is a key strategic planning and implementation manager who will lead process innovation and procedural efforts to standardize workflow and procedures in the U.S. Bancorp Community Development Corporation. The APM will manage all facets of the appraisal function for U.S. Bank's renewable energy investments to ensure that risk management, compliance, and asset quality objectives are met. U.S. Bancorp Community Development Corporation is a leading community development investor, lender and tax credit syndicator, where diverse identities, backgrounds, and perspectives are appreciated and intentionally sought out. Our employees bring their whole selves to work every day to help make our communities better places to live, work and play. Job functions include: * Develop and implement policies and procedures to ensure compliance with relevant regulations and ensure that risk management and investment tax credit basis methodology are consistent. * Manage business directed appraisal program, including vendor selection, engagement and fee negotiations and work with internal risk group to manage vendor population review; develop and maintain listing of approved appraisers. * Coordinate the procurement and review of appraisals and provides feedback for all stages of a tax equity transaction, including related credit approvals and on-going credit actions. * Perform review and analysis of asset valuations and cost segregations for reasonableness of assumptions, USPAP compliance, and tax equity requirements. * Develop and maintain internal database to track and analyze trends within the portfolio. * Maintain on-going communication with appraisers and the business line to ensure awareness of regulatory changes, policies, procedures, and service needs. * Develop and monitor appropriate staffing levels; conducts performance and salary review for direct reports as needed due to growth of the program. Additional job functions may include: * Perform on-site discussions with prospective and existing customers as well as appraisers. * Provide informal in-house appraisals of assets and coordinate reviews of real estate appraisals with the RETECHS Group. * Create discounted cash flow models and perform depreciation recapture analysis for financial planning and analysis team. Basic Qualifications * 5 or more years of experience in equipment, business, or leasing valuation * Bachelor's degree or equivalent work experience * Knowledge of power generation valuation methods and discounted cash flow analysis for project finance Preferred Skills/Experience * Expert knowledge of renewable energy power generation project appraisal valuation methodology and techniques including tax credit investments. * Cost segregation experience * Thorough knowledge of U.S. Bancorp policies and procedures including compliance and third-party risk management * Well-developed organizational planning skills * Excellent verbal and written communication skills US Bank Boston MA

Portfolio Credit Officer - Renewable Energy Finance

Bank Of America Corporation