Project Finance Portfolio Associate (Hybrid)

ING Financial Services LLC

New York (NY)

Hybrid

USD 130,000 - 175,000

Full time

14 days+

Application generator

Stand out for this role — generate a tailored resume and cover letter in about a minute.

Get past ATS filters

Benefits offered by this job

Comprehensive health benefits

401k savings plan

Student debt assistance

Commuting and fitness subsidies

Job summary

ING is seeking an Associate in Portfolio Management for the Lending | Project Finance portfolio in New York. The role focuses on credit monitoring, analytics and internal reporting to support ongoing portfolio management and underwriting activity.

You will assist in quarterly CRM reviews, coordinate with offshore teams, manage covenants, and maintain financial projections and internal trackers. A strong background in project finance and credit analysis is required, with proficiency in MS Excel

Qualifications

Minimum of 3 years of project finance and/or energy and commodities finance experience.
BA/BS in finance/economics/accounting/management/engineering (or similar).
CFA a plus
Spanish proficiency a plus
Strong financial and credit analysis capabilities
Strong financial modeling capabilities
Knowledge of the industry and experience with project finance structure
Excellent presentation and communication skills
Ability to thrive in a fast-paced environment with multiple competing priorities
Committed and dedicated individual
Understanding of risks associated with project finance
Knowledge of Legal Documentation
Proficient in MS Excel and Word

Responsibilities

Support the Team Lead in preparing and supporting all facets of the daily operations of the portfolio, including quarterly and annual credit reviews.
Prepare quarterly CRM portfolio reviews.
Process amendment and waiver requests, write or review credit modifications, submit to risk and address Q&A, follow-up on the required legal amendments to the documentation until execution.
Track compliance of financial covenants and other reporting covenants such as construction/operating reports, insurance, etc.
Assist the team in the execution of new transactions, amendments and refinancings on an as-needed basis.
Prepare and maintain financial projections for portfolio names.
Prepare and maintain reports as requested by regulators, rating agencies and other external parties.
Maintain various department and industry databases/trackers.
Maintain internal portfolio tracking metrics.
Respond to ad hoc internal requests on portfolio composition and exposure.
Coordinate and work with offshore portfolio support teams.
Work with Sector colleagues to prepare quarterly sector updates.
Assume key role in handling internal system processing (Vantage) including GRID, FINAN, TSC, Risk Rater Diligent and proactive credit monitoring through the review of all covenanted financial and project information (e.g. financial models, Borrower and Adviser operational/construction progress reports) as well as compliance with all regular reporting activities in line with the bank’s policy and procedures.
Monitor and identify market developments and proactively manage their potential impact on the portfolio.
Support Team Lead and coordinate between Portfolio Management/Origination in order to ensure timely and accurate response to internal (CAS) and external regulatory controls and audits by providing the required insights, reports and samples and by participating in the dialogue if so requested.
Stay up-to-date on organizational operating policies and procedures (i.e. Risk, Legal, etc.) to ensure appropriate protocols are implemented and followed, and facilitate accordingly.
Coordinate with KYC/CDD team.