Portfolio Manager I/II-Global Renewable Energy Credit

Bank of America; New York (NY); On-site; USD 70,000 - 110,000; 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 debt project financings. This role requires interaction with various stakeholders, including clients and internal teams, to ensure compliance and timely responses to inquiries. The ideal candidate will have a strong background in banking or finance, particularly in renewable energy, and possess excellent analytical skills. Join this innovative firm to contribute to sustainable finance and make a significant impact in the energy sector.

Qualifications

• 2+ years in banking or finance with focus on corporate credit or project finance.
• Ability to interpret complex legal documents impacting credit exposure.

Responsibilities

• Conducts project performance and financial reviews of transactions.
• Prepares periodic status reviews and risk rating scorecards.

Skills

Corporate Credit Analysis

Project Finance

Tax Equity Financing

Renewable Energy Knowledge

Legal Documentation Interpretation

Excel (Macros, VBA)

PowerPoint

Word

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.

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