Infrastructure Finance - Project Finance - Project Manager Associate

Socket.dev; New York (NY); Hybrid; USD 118,000 - 139,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) retirement plan

Paid vacation

Paid holidays

Parental leave

Disability insurance

Employee assistance program

Job summary

U.S. Bank is seeking a Project Manager Associate (PMA) to join its Impact Finance team.

The PMA will help identify and mitigate risk across a portfolio of Project Finance loans, support customer relationships, and assist in underwriting, structuring and closing transactions for renewable energy, thermal, midstream and other asset classes. Responsibilities include monitoring project milestones, preparing underwriting packages, coordinating with legal and third parties, and ensuring compliance

Qualifications

• Bachelor's degree or higher required with four+ years of related experience.
• MBA/JD with no directly related experience acceptable.
• Experience in project finance or structured transactions is a plus.

Responsibilities

• Monitor project construction milestones and risk profile of debt transactions; ensure regulatory and internal compliance.
• Prepare underwriting packages describing strengths, weaknesses, risks and mitigating factors for annual reviews or restructures.
• Manage issues and provide risk-mitigated solutions; advocate on behalf of Sponsors with Credit and management.
• Coordinate with attorneys, accountants, consultants and engineers as third party professionals.
• Facilitate underwriting, credit approval, portfolio management and new loan requests with internal teams.
• Support in managing existing transactions and closing new ones per bank policies and client relationships.
• Review complex legal documents and third-party reports to support financing requests.
• Review financial models; identify and address underwriting, cash flow and accounting risks.
• Participate in special projects and update internal policies and procedures.
• Ensure compliance with Code of Ethics and AML/Bank Secrecy Act policies.

Skills

Credit underwriting

Financial modeling

Proforma analysis

Risk assessment

Due diligence

Education

Bachelor's degree

MBA or JD with no directly related experience

Job description

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—​all from Day One.

Job Description

U.S. Bancorp Impact Finance is seeking a candidate to join our growing team of infrastructure finance professionals as a Project Manager Associate (PMA). The PMA’s responsibilities include identifying and mitigating risk of a portfolio of Project Finance loans, assisting in the management of customer relationships, underwriting and executing annual reviews, amendments, and modifications. Primary responsibilities encompass the asset management of complex Project Finance loans for renewable energy, thermal, midstream, and other asset classes as well as assisting with the underwriting, structuring, negotiating, and closing of these loans.

Job Responsibilities

• Monitor project construction and development milestones, analyze project performance, and continually monitor risk profile of debt transactions in compliance with all applicable banking regulatory requirements and internal procedures.

• Prepare high-quality underwriting packages in support of annual reviews, amendments, modifications, or restructures, describing the strengths, weaknesses, risks, and mitigating factors related to a transaction. Additionally, assist in the preparation of underwriting packages for proposed debt financings.

• Manage through project issues that may arise and provide value-added solutions, proactively identifying uncertainties and grey-area situations to take well-reasoned and well-mitigated risk. Articulate the Bank’s position to customers and advocate on behalf of Sponsors with Credit and management.

• Assist in managing third party professionals including attorneys, accountants, consultants, and engineers.

• Coordinate with internal parties to facilitate the underwriting, credit approval, and execution of portfolio management and new loan requests.

• Support the Project Management team in managing existing and closing new transactions in accordance with bank policies while furthering the Bank’s customer relationships.

• Review complex legal documents pertaining to structured credit arrangements as well as all necessary third-party reports to support financing requests; works with teammates and other associates to mitigate risks on behalf of USBIF.

• Review and analyze financial models and be able to identify and address underwriting, cash flow, and accounting risks.

• Participate in special projects, including the maintenance and revision of internal policies and procedures.

• Actively ensure compliance with the U.S. Bank Code of Ethics and all Anti‑Money Laundering, Bank Secrecy Act, and information security policies and procedures. Follow account opening procedures and internal suspicious activity referral requirements and processes.

Basic Qualifications

• Typically Bachelor's degree and four or more years of related experience

• Or MBA/JD with no directly related experience

Preferred Skills/Experience

• Knowledge of financial modeling techniques and analysis of proforma financial statements.

• Proven credit underwriting and financial analysis skills, including cash flow analysis experience with complex, structured transactions, due diligence proficiency and detail orientation.

• Comprehension of complex project finance transactions, loan documentation, and deal structure mechanics.

• Knowledge of critical aspects of project finance underwriting, including equipment and performance review as well as a baseline understanding of U.S. energy markets including regulatory structures, physical and synthetic forms of power agreements and derivative instruments.

• Ability to review and synthesize a large quantity of deal related documentation and materials, including third party reports, loan/investment documents, and other legal documents to produce a clear and concise underwriting package. Able to identify key issues and concerns, manage timelines, and problem solve using creativity and innovation.

• Familiarity with standard banking processes and procedures, including managing to credit policies and procedures and navigating credit approval processes.

• Excellent time management skills with the ability to effectively manage client timelines and needs. Ability to identify obstacles and manage expectations, both internally and externally.

• Effective listener and strong communication skills, both oral and written.

• Highly motivated self-starter who has a keen attention to detail, growth mindset, and ability to be comfortable in periods of unpredictability.

• Ability to work independently as well as collaboratively in a team environment.

Location Expectations

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability

• Pregnancy disability and parental leave

• 401(k) and employer-funded retirement plan

• Paid vacation (from two to five weeks depending on salary grade and tenure)

• Up to 11 paid holiday opportunities

• Adoption assistance

• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about theE-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $117,725.00 - $138,500.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.