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Bank Of America Renewable Energy Portfolio Manager 
United States, New York, New York 
505061465

02.08.2024

Job Description:

Job Description:

The Global Renewable Energy Credit Portfolio Manager will be responsible for the ongoing credit administration, monitoring, review, and analysis for a designated portfolio of tax equity (e.g., distributed generation solar, fuel cell, EV, storage) and debt project financings originated by the Global Sustainable Finance Group. The Portfolio Manager may also be involved in the execution of tranche fundings of closed tax equity and project financetransactions.

In executing these duties, the Portfolio Manager will interact with Originators, Credit Underwriting, Risk Management, Engineering Support, Modelling and Legal officers as needed. The Portfolio Manager 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 orprojects.These interactions may include the review and negotiation of potential transaction document modifications or transaction restructurings

This job is responsible for the delivery of integrated credit solutions to clients as well as on-going portfolio management. Key responsibilities include underwriting and negotiating new transactions, partnering with client-facing teammates to consult on sales opportunities, and providing the product expertise to deliver effective client solutions. Job expectations include providing on-going monitoring of client portfolios, ensuring accurate and timely analysis of financial statements, assignment of risk ratings, and required client reviews.

Responsibilities:

  • Performs periodic project performance and financial reviews of transactions.
  • Prepares and writes periodic status reviews and update risk rating scorecards.
  • Monitors the credit profile of key transaction counterparties (e.g. borrowers, off-takers, project sponsors and servicers).
  • Ensures compliance with the terms of and reporting requirements of transaction agreements.
  • Evaluates and processes project related consent requests (e.g., amendments, waivers, extensions) from clients.
  • Provides timely responses to inquiries on the portfolio from senior credit and risk management team members.
  • Evaluates new end-user credit opportunities including identification and assessment of risks and identifies mitigating factors
  • Partners with client-facing teammates to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client
  • Underwrites new transactions, analyzes credit risk, negotiates and closes deals, while adhering to internal policy, procedures and regulatory requirements
  • Structures the terms of a lease/loan with respect to the various aspects that make up a lease/loan (e.g. pricing, rates, payment, term, collateral)
  • Manages the credit process for a portfolio of clients including reviewing financial statements, assessing the client's compliance with financial covenants, confirming the accuracy of risk ratings, and recommending changes as warranted

Required Qualifications:

  • 4+ years of experience in banking or finance industry in corporate credit, tax equity, project finance and/or renewable energy.
  • Ability to review, understand and interpret legal documentation of complex transactions and their impact on credit exposure.
  • Ability to work efficiently and productively on multiple transactions or tasks at one time.
  • Results oriented, and able to keep track of and meet deadlines.
  • Ability to interact effectively and build relationships with internal and external clients and partners
  • Ability to independently lead diligence efforts, make approval recommendations, and execute timely funding.
  • Computer skills: proficient in Excel, Word and PowerPoint


Desired Qualifications:

  • Bachelor's Degree in Finance, Accounting or related major

Skills:

  • Financial Analysis
  • Loan Structuring
  • Research Analysis
  • Risk Management
  • Underwriting
  • Account Management
  • Credit Documentation Requirements
  • Credit and Risk Assessment
  • Decision Making
  • Issue Management
  • Analytical Thinking
  • Coaching
  • Collaboration
  • Critical Thinking
  • Customer and Client Focus
1st shift (United States of America)