Portfolio Manager I/II-Global Renewable Energy Credit

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

Job summary

Join a forward-thinking organization as a Global Renewable Energy Credit Portfolio Manager, where you will manage a diverse portfolio of tax equity and debt project financings. This role involves credit administration, monitoring, and analysis, ensuring compliance with transaction agreements, and interacting with various stakeholders. You will leverage your analytical and problem-solving skills to provide insights and recommendations while contributing to sustainable finance initiatives. The company fosters a diverse and inclusive workplace, offering opportunities for professional growth and a chance to make a meaningful impact in the renewable energy sector.

Benefits

Industry-leading benefits

Paid time off

Discretionary incentive eligibility

Qualifications

• Minimum 2+ years in banking/finance with credit or renewable energy experience.
• Ability to interpret legal documentation and manage multiple transactions.

Responsibilities

• Perform financial reviews and prepare status updates for transactions.
• Monitor credit profiles and ensure compliance with transaction agreements.

Skills

Adaptability

Attention to Detail

Data Collection and Entry

Prioritization

Analytical Thinking

Problem Solving

Collaboration

Credit and Risk Assessment

Written Communications

Education

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

Tools

Excel (Macros, VBA)

PowerBI

Alteryx

Tableau

Job description

Job Description:

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 review 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 updates 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+ years of experience in the banking or finance industry in corporate credit, tax equity, project finance, and/or renewable energy for PMO I. Minimum of 3+ years 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.

Skills:

• Adaptability
• Attention to Detail
• Data Collection and Entry
• Prioritization
• Recording/Organizing Information
• Analytical Thinking
• Critical Thinking
• Issue Management
• Oral Communications
• Problem Solving
• Collaboration
• Credit and Risk Assessment
• Decision Making
• Innovative Thinking
• Written Communications

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details:

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay range: $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.

Benefits: 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.