At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.
Job DescriptionEnvironmental Finance is currently seeking a candidate to join our growing team of environmental finance professionals as a Project Manager (PM). The PM's responsibilities include leading the underwriting, structuring, negotiating, and closing as well as engaging in the portfolio management of complex renewable energy loans and related products (predominantly for solar, wind, and battery storage systems).
Job Responsibilities:
Participate in the earlystage review of potential loans, complex deal structures, programs, and partners.
Engage and manage third party professionals including attorneys, accountants, consultants, and engineers.
Review complex legal documents pertaining to structured credit arrangements; works with counsel and business partners to negotiate and mitigate risks on behalf of USBCDC.
Review and analyze financial models and be able to identify and address underwriting, cash flow, and accounting risks.
Review and analyze all necessary third-party reports to support financing requests. Primarily responsible and accountable to review reports, address issues and challenge findings with vendors when appropriate, encourage third parties to deliver on time.
Lead the preparation of high-quality underwriting packages in support of proposed debt financings, describing the strengths, weaknesses, risks, and mitigating factors related to a transaction.
Coordinate with internal parties to facilitate underwriting, credit approval, and closing of loans.
Close transactions in accordance with bank policies while managing customer expectations and timelines.
Assist in the portfolio management of an existing portfolio of assets and serve as a resource within the team.
Participate in special projects, including the development, maintenance, and revision of internal policies and procedures.
Actively ensure compliance with the U.S. Bank Code of Ethics and all AntiMoney Laundering, Bank Secrecy Act, and information security policies and procedures. Follow account opening procedures and internal suspicious activity referral requirements and processes.
Basic Qualifications
- Typically Bachelor's degree and six or more years of related experience
OR
- MBA/JD with three or more years of directly related experience
Preferred Skills/Experience
Advanced knowledge of financial modeling techniques and analysis of proforma financial statements.
Advanced credit underwriting and financial analysis skills, including strong cash flow analysis skills with complex, structured transactions, due diligence proficiency and detail orientation
Comprehension of complex project finance transactions, loan documentation, and deal structure mechanics
Knowledge of critical aspects of renewable energy project underwriting, including equipment and performance review as well as a baseline understanding of U.S. energy markets including regulatory structures, physical and synthetic forms of power agreements and derivative instruments.
Advanced ability to review and synthesize a large quantity of deal related documentation and materials, including third party reports, loan/investment documents, and other legal documents to produce a clear and concise underwriting package. Able to identify key issues and concerns, manage timelines, and problem solve using creativity and innovation.
Familiarity with standard banking processes and procedures, including managing to credit policies and procedures and navigating credit approval processes.
Excellent time management skills with the ability to effectively manage client timelines and needs. Ability to identify obstacles and manage expectations, both internally and externally.
Effective listener and advanced communication skills, both oral and written.
Highly motivated self-starter who has a keen attention to detail, growth mindset, and ability to be comfortable in periods of unpredictability.
Ability to work independently as well as collaboratively in a team environment.
Ability to lead projects and mentor junior employees.
Demonstrated interest in promoting diversity in the workplace and a commitment to maximizing equitable access to the benefits of renewable energy.
U.S. Bancorp Impact Finance, the tax credit and community development division of U.S. Bank, believes all people have a right to the possibilities that comes with living in a safe and vibrant community. The financing USBIF provides for affordable housing, economic development, and renewable
Location: Minneapolis, MN
Posted: Aug. 9, 2024, 8:33 p.m.
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