Senior Renewable Energy Portfolio Manager
New York, New York;Charlotte, North Carolina
**Job Description:**
Responsible for the administration and monitoring of tax equity and debt project finance and multi-draw structured financings in the Renewable Energy Financeand Global Sustainable Financeportfolios. Such activities will include evaluating and processing project related consent requests; ensuring compliance with the terms of transaction agreements; periodic project performance and financial review; project performance forecasting; approving funding advances, construction draws, and collateral eligibility; and monitoring the credit profile of key transaction counterparties (e.g. Borrowers, Servicers, Project Sponsors andOff-takers).
A key element of the Portfolio Management role will be ongoing credit responsibility for a designated portfolio of tax equity and debt project and structured financings. It is expected that the Portfolio Manager will bring a heightened level of expertise and independent judgment to the management of those complex financings. Additionally, the Portfolio Manager will be familiar with and adhere to the transaction management and monitoring requirements outlined inBank of Americas Credit Policy andguidelines. This will include the preparation of status reviews and risk rating scorecards, as well as troubled asset reports. 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 withOriginators, Credit Underwriting,Risk Management, Engineering Support, Pricing, Legal and Contracts officers asneeded. 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 orprojects. These interactions may include the review and negotiation of potential transaction document modificationsor transaction restructurings. It is also expected that the Portfolio Manager will serve as a mentor to more junior associates and assistor guidethose associates in addressing more complex transaction situations.
**_Preferred Education:_**
Undergraduate degree in finance or accounting; MBA preferred. Engineering, mathematics or other technical degrees will be considered with an MBA.
**_Preferred Prior Work Experience:_**
8 to 10 years or more experience in commercial banking or finance industry with significant credit, tax equity, and energy project finance experience. Exposure to renewable energy project finance would be a plus. Knowledge of energy-related industries is essential; familiarity with the renewable energy sector is a plus.
**_Required Skills:_**
Extensive experience in analysis and management of highly complex, project-oriented transactions (tax equity and debt), including problem solving. Demonstrated aptitude for reviewing, understanding and interpreting associated transaction documents and project contracts, as well as negotiating modifications and amendments to the same.
Solid foundation in energy project finance; comfortable with project financial and operating performance analysis. Proficient project and financial modeling skills.
Strong credit and risk analysis skills, including experience in commercial and large corporate credit analysis.
Ability to work efficiently and productively on several transactions or tasks at one time.
Ability to interact effectively with internal and external clients and partners. Experience mentoring junior associates.
Clear and articulate oral and written communication skills.
Computer skills; very comfortable with applications such as Word and Excel.
Results oriented; is able to meet deadlines
**Job Band:**
H4
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
**Weekly Schedule:**
**Referral Bonus Amount:**
0
**Job Description:**
Responsible for the administration and monitoring of tax equity and debt project finance and multi-draw structured financings in the Renewable Energy Financeand Global Sustainable Financeportfolios. Such activities will include evaluating and processing project related consent requests; ensuring compliance with the terms of transaction agreements; periodic project performance and financial review; project performance forecasting; approving funding advances, construction draws, and collateral eligibility; and monitoring the credit profile of key transaction counterparties (e.g. Borrowers, Servicers, Project Sponsors andOff-takers).
A key element of the Portfolio Management role will be ongoing credit responsibility for a designated portfolio of tax equity and debt project and structured financings. It is expected that the Portfolio Manager will bring a heightened level of expertise and independent judgment to the management of those complex financings. Additionally, the Portfolio Manager will be familiar with and adhere to the transaction management and monitoring requirements outlined inBank of Americas Credit Policy andguidelines. This will include the preparation of status reviews and risk rating scorecards, as well as troubled asset reports. 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 withOriginators, Credit Underwriting,Risk Management, Engineering Support, Pricing, Legal and Contracts officers asneeded. 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 orprojects. These interactions may include the review and negotiation of potential transaction document modificationsor transaction restructurings. It is also expected that the Portfolio Manager will serve as a mentor to more junior associates and assistor guidethose associates in addressing more complex transaction situations.
**_Preferred Education:_**
Undergraduate degree in finance or accounting; MBA preferred. Engineering, mathematics or other technical degrees will be considered with an MBA.
**_Preferred Prior Work Experience:_**
8 to 10 years or more experience in commercial banking or finance industry with significant credit, tax equity, and energy project finance experience. Exposure to renewable energy project finance would be a plus. Knowledge of energy-related industries is essential; familiarity with the renewable energy sector is a plus.
**_Required Skills:_**
Extensive experience in analysis and management of highly complex, project-oriented transactions (tax equity and debt), including problem solving. Demonstrated aptitude for reviewing, understanding and interpreting associated transaction documents and project contracts, as well as negotiating modifications and amendments to the same.
Solid foundation in energy project finance; comfortable with project financial and operating performance analysis. Proficient project and financial modeling skills.
Strong credit and risk analysis skills, including experience in commercial and large corporate credit analysis.
Ability to work efficiently and productively on several transactions or tasks at one time.
Ability to interact effectively with internal and external clients and partners. Experience mentoring junior associates.
Clear and articulate oral and written communication skills.
Computer skills; very comfortable with applications such as Word and Excel.
Results oriented; is able to meet deadlines
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
Learn more about this role
Full time
JR-23005314
Band: H4
Manages People: No
Travel: Yes, 5% of the time
Manager:
Talent Acquisition Contact:
Brandie Newsome
Referral Bonus:
0
New York City pay and benefits information
**New York City pay range:**
$117,000 - $251,000
annualized salary, offers to be determined based on experience, education and skill set.
**Discretionary incentive eligible**
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
**Benefits**
This role is currently benefits eligible . We provide industry-leading benefits, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .
To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .
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To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE .
