Senior Portfolio Manager - Renewable Energy Finance (REF)

Huntington National Bank; North Carolina; Remote; USD 90,000 - 130,000; Full time

Job summary

A leading bank is looking for a Senior Portfolio Manager to join its Renewable Energy Finance team. The role involves underwriting credit transactions, managing a project finance portfolio, and ensuring the financial performance of renewable energy projects. Candidates should have a strong background in finance and project management, with a preference for advanced qualifications. This position is remote and offers a competitive compensation package, including benefits.

Benefits

Health insurance coverage

Life and disability insurance

Retirement savings plan

Paid time off (PTO)

Wellness program

Qualifications

• 5+ years of experience in underwriting, credit, or portfolio management in project finance.
• Strong knowledge of power and energy markets in the US.
• In-depth knowledge of Renewable Energy Project Finance.

Responsibilities

• Underwrite and build a high-quality project finance portfolio.
• Conduct due diligence in credit underwriting and financial modeling.
• Prepare credit underwriting reports for the approving Credit Officer.

Skills

Financial Modeling

Analytical Skills

Verbal Communication

Written Communication

Education

Bachelor’s degree in finance, accounting, economics or related field

MBA, CFA or CPA (preferred)

Job description

The Renewable Energy Finance (REF) team at Huntington Bank originates project finance and non-recourse transactions for renewable energy facilities. This line of business is primarily focused on tax equity transactions in the renewables sector including wind, solar, storage and other forms of renewable investment.

The REF team is seeking a talented and ambitious Senior Portfolio Manager to join the Renewable Energy Underwriting and Portfolio Management team. The Underwriting and Portfolio Management organization works with internal partners to underwrite as well as manage the existing portfolio of loans, supporting the Commercial Bank’s growth while ensuring a scalable, well-managed business.

Working closely with clients, Relationship Managers and the Credit Department, the Senior Portfolio Manager will underwrite and build a high-quality project finance portfolio. This role manages all aspect of due diligence in credit underwriting, financial modeling, approval, execution as well as documentation. In addition, the Senior Portfolio Manager conducts post-closing operational and contractual activities and safeguards the operational and financial performance of the renewable energy projects financed by HNB.

Duties & Responsibilities :

Serves as the point person when underwriting credit transactions for the assigned portfolio and new clients.

Recommends capital structure and accumulates all data necessary to perform focused analysis.

Manages approvals for amendments and waivers to credit facilities, as well as monitors the financial performance of portfolio companies.

Reviews financial statements, projection models, project cash flow models and all other relevant financial and non-financial data to develop a concise focused analytical foundation for a credit decision.

Prepares thorough credit underwriting identifying industry concerns, market share trends, financial trends, and other pertinent underwriting issues to present to the approving Credit Officer.

Ensures underwriting and structuring decisions reflect commitment to strong asset quality.

Recommends prudent use of capital and maintains profitability hurdles for portfolio keeping the risk / return balance in mind.

Obtains and negotiates all necessary documentation including, all credit agreements, notes, pledges and collateral and assures that the documentation correctly reflects rates, terms, and special conditions.

Acts as a value-added member of deal teams with loan syndication, origination, and distribution for syndicated credits within the portfolio or for new prospects.

Proactively assists Relationship Manager in development of marketing presentations and pitch books highlighting product solutions for client needs.

Identifies potential problem accounts and works to improve the Bank's position in undesirable situations.

Basic Qualifications :

Bachelor’s degree in finance, accounting, economics or related field.

5+ years of experience in one or a combination of the following : underwriting, credit, or portfolio management in project finance for power and renewables sector; competence in Financial Modeling.

Strong knowledge of the different power and energy markets in the US including the regulatory environment.

In-depth knowledge of the Renewable Energy Project Finance industry.

Preferred Qualifications :

MBA, CFA (or progressing to the Charter) or CPA is desirable.

Detailed knowledge of renewable energy project design, functioning, and operations & maintenance (O&M), power purchase agreements, and a strong understanding of renewable energy project finance.

Strong knowledge and understanding of corporate banking credits, cash flow analysis, and underwriting guidelines.

Ability to thoroughly analyze credits on an independent basis and communicate findings in a concise manner.

Strong analytical skills with high attention to detail and accuracy

Excellent interpersonal as well as verbal and written communication skills.

Exempt Status : (Yes = not eligible for overtime pay) ( No = eligible for overtime pay)

Applications Accepted Through :

08 / 30 / 2024

Huntington expects to accept applications through at least the date above, and may continue to accept applications until the position is filled.

Workplace Type : Remote

Compensation Range :

The compensation range represents the low and high end of the base compensation range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance. Colleagues in this position are also eligible to participate in an applicable incentive compensation plan. In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO).

Huntington is an equal opportunity and affirmative action employer and is committed to providing equal employment opportunities for all regardless of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status, gender identity and expression, genetic information, or any other basis protected by local, state, or federal law.

Tobacco-Free Hiring Practice : Visit Huntington's Career Web Site for more details.

Agency Statement : Huntington does not accept solicitation from Third Party Recruiters for any position

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