Portfolio Manager I/II-Global Renewable Energy Credit

Bank of America; Charlotte (NC); On-site; USD 65,000 - 171,000; Full time

Job summary

An established industry player is seeking a Global Renewable Energy Credit Portfolio Manager to oversee credit administration and analysis for a diverse portfolio of tax equity and project financings. This role offers the chance to engage with various stakeholders, ensuring compliance and evaluating project performance. The successful candidate will thrive in a dynamic environment, leveraging their expertise in corporate credit and renewable energy. Join a company committed to making financial lives better while fostering a diverse and inclusive workplace. This position promises growth, impactful work, and a chance to contribute to sustainable finance initiatives.

Benefits

Industry-leading benefits

Paid time off

Discretionary incentive plan

Support resources for employees

Qualifications

• 2+ years in banking/finance for PMO I, 3+ years for PMO II.
• Ability to interpret complex legal documentation.

Responsibilities

• Conduct project performance and financial reviews.
• Prepare status reviews and update risk rating scorecards.
• Monitor credit profiles of transaction counterparties.

Skills

Corporate Credit

Tax Equity

Project Finance

Renewable Energy

Legal Documentation Interpretation

Deadline Management

Diligence Efforts

Excel (Macros, VBA)

Word

PowerPoint

Education

Bachelor's Degree in Finance

Bachelor's Degree in Accounting

Tools

PowerBI

Alteryx

Tableau

Job description

New York, New York; Charlotte, North Carolina

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

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 finance transactions.

A key element of the Portfolio Management role will be ongoing credit responsibility for a designated portfolio of tax equity, debt project and structured financings. This will include the timely preparation of periodic status reviews documents and risk rating scorecards. Additionally, the Portfolio Manager will be familiar with and adhere to the transaction management and monitoring requirements outlined in Bank of America’s Credit Policy and guidelines. The Portfolio Manager will provide timely responses to inquiries on the portfolio from senior credit and risk management team members.

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 or projects. These interactions may include the review and negotiation of potential transaction document modifications or transaction restructurings.

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.

Required Qualifications:

• Minimum 2 + yrs of experience in banking or finance industry in corporate credit, tax equity, project finance and/or renewable energy for PMO I. Minimum of 3+ yrs experience for PMO II.
• 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 independently lead diligence efforts, make approval recommendations, and execute timely funding.
• Computer skills: proficient in Excel (Macros, VBA), Word and PowerPoint.

Desired Qualifications:

• Bachelor's Degree in Finance, Accounting or related major.
• Experience with PowerBI, Alteryx and Tableau preferred.

$65,900.00 - $170,100.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.