Portfolio Manager I/II-Global Renewable Energy Credit

Bank of America; Town of Charlotte (NY); 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 monitoring for a diverse portfolio of tax equity and debt project financings. This role involves analyzing project performance, preparing status reviews, and ensuring compliance with transaction agreements. The ideal candidate will have a strong background in banking or finance, particularly in renewable energy, and be proficient in tools like Excel and PowerBI. Join a forward-thinking company that values diversity and offers opportunities for growth and impact in the financial sector.

Benefits

Paid Time Off

Industry-leading Benefits

Resources for Employee Wellness

Qualifications

• 2+ years in banking or finance, focusing on corporate credit and renewable energy.
• Ability to interpret complex legal documentation impacting credit exposure.

Responsibilities

• Perform periodic project performance reviews and update risk rating scorecards.
• Monitor credit profiles of key transaction counterparties and ensure compliance.

Skills

Adaptability

Attention to Detail

Data Collection and Entry

Analytical Thinking

Problem Solving

Oral and Written Communications

Credit and Risk Assessment

Education

Bachelor's Degree in Finance

Bachelor's Degree in Accounting

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 includes the timely preparation of periodic status review documents and risk rating scorecards. The Portfolio Manager will also need to be familiar with and adhere to the transaction management and monitoring requirements outlined in Bank of America’s Credit Policy and guidelines. Additionally, the Portfolio Manager will provide timely responses to inquiries from senior credit and risk management team members regarding the portfolio.

In executing these duties, the Portfolio Manager will interact with Originators, Credit Underwriting, Risk Management, Engineering Support, Modelling, and Legal officers as needed. The role also involves significant interaction with clients for routine administration, project/financial performance discussions, and addressing credit or technical issues that may arise with individual transactions or projects. These interactions may include reviewing and negotiating potential transaction document modifications or restructurings.

Responsibilities:

• Perform periodic project performance and financial reviews of transactions.
• Prepare and write periodic status reviews and update risk rating scorecards.
• Monitor the credit profile of key transaction counterparties (e.g., borrowers, off-takers, project sponsors, and servicers).
• Ensure compliance with the terms and reporting requirements of transaction agreements.
• Evaluate and process project-related consent requests (e.g., amendments, waivers, extensions) from clients.
• Provide timely responses to inquiries on the portfolio from senior credit and risk management team members.

Required Qualifications:

• Minimum 2+ years of experience in banking or finance industry in corporate credit, tax equity, project finance, and/or renewable energy for PMO I; minimum 3+ years 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 simultaneously.
• Results-oriented with the ability to meet deadlines.
• Ability to independently lead diligence efforts, make approval recommendations, and execute timely funding.
• 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 is preferred.

Skills:

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

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 annually, based on experience, education, and skill set. Discretionary incentive eligible. This role participates in an annual discretionary plan based on performance and company success.

Benefits: Currently benefits eligible with industry-leading benefits, paid time off, and resources to support employees in making a meaningful impact and contributing to sustainable growth.