Portfolio Management - Renewable Energy FinanceBank of America Corporation - New York City, NY
Responsible for 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 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). With respect to non-routine matters, the LSCO will be expected to take a lead role in discussions and negotiations with our clients and related interactions with REF senior management. The LCSO will also occasionally participate in on-site operational due diligence with respect to multi-draw facilities.
A key element of the LCSO’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 LCSO will also perform the monitoring requirements outlined in BAL Credit Policy and REF Guidelines. This will include the preparation of status reviews and risk rating scorecards, as well as troubled asset reports. The LCSO will also assist in responding to information requests on the portfolio from senior Credit and Risk management.
In executing these duties, the LCSO will interact with REF Program Management, Credit Underwriting, Engineering Support, Pricing, Legal and Contracts officers as needed. The LCSO will have significant interaction with our clients in the context of routine administration and project/financial performance discussions, as well as to address any credit, documentation or technical matters that may develop with individual transactions or projects.
The position/qualification requirements are described as a Leasing Credit Senior Officer; however, depending upon the qualifications met by the candidate could be filled as a Leasing Credit Officer II.
Undergraduate degree in finance or accounting; MBA preferred.
Prior Work Experience:
8 to 10 years’ experience in commercial banking, leasing, or finance industry with significant credit, secured equipment finance, tax equity and project finance experience. Experience in energy project finance is essential; renewable energy project finance a plus. Similarly, knowledge of energy-related industries is essential; familiarity with the renewable energy sector is a plus.
Foundation in secured equipment-oriented and project finance, with experience in commercial and large corporate credit analysis. Comfortable with financial and project performance analysis.
Strong credit and risk analysis skills. Understands elements of complex transaction structures (tax equity and debt) and renewable energy generation projects. Similar aptitude for reviewing and understanding legal documents and project contracts.
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
Candidates at both the Band 4 and Band 5 levels will be considered.
Boston, MA, 100 FEDERAL ST (MA5100),
New York, NY, BANK OF AMERICA TOWER, ONE BRYANT PARK,
Charlotte, NC, BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST,
Providence, RI, 1 FINANCIAL PLZ (RI1537),
: Yes, 10% of the time
Full / Part-time
: Full time
Hours Per Week
: 1st shift
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22 days 16 hours ago
applyPortfolio Management - Renewable Energy Finance Bank of America Corporation - New York City, NY, United States
Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations, and governments in the United States and internationally. The companys Consumer & Business Banking segment offers traditional and money market savings accounts, CDs and IRAs, checking accounts, and investment accounts and products, as well as credit and debit cards; and lending related products and services, working capital management, and treasury solutions. This segment provides its products and services through operating 5,100 banking centers, 16,300 ATMs, call centers, and online and mobile banking platforms. Its Consumer Real Estate Services segment offers consumer real estate products comprising fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, home equity lines of credit, and home equity loans. The companys Global Wealth & Investment Management segment provides investment and brokerage, estate and financial planning, fiduciary portfolio management, cash and liability management, and specialty asset management services; and retirement and benefit plan, philanthropic management, and asset management services. Its Global Banking segment provides various commercial loans, leases, commitment facilities, trade finance, real estate and asset-based loans, and consumer loans; treasury management, foreign exchange, and short-term investing options; and debt and equity underwriting and distribution, and merger-related and other advisory services. The companys Global Markets segment offers sales and trading services for securities and derivative products in primary and secondary markets; market-making, financing, securities clearing, settlement, and custody services to institutional investor clients; and risk management products. The company was founded in 1874 and is based in Charlotte, North Carolina.
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