Environmental Finance - Portfolio Manager / Asset Manager

$108,375 - $127,500/Yr

US Bank - Chicago, IL

Full-time - Senior

Chicago, IL

Credit Intermediation and Related Activities

About the position

The Portfolio Manager (PM) at U.S. Bank is responsible for managing a portfolio of complex renewable energy tax equity investments and project finance loans. This role involves identifying and mitigating risks, maintaining customer relationships, and ensuring compliance with banking regulations. The PM will also oversee project performance, conduct financial analysis, and prepare underwriting packages to support deal modifications and restructures.

Responsibilities

• Monitor project construction and development milestones, analyze project performance, and continually monitor risk profile of investments in compliance with all applicable banking regulatory requirements and internal procedures.
• Monthly forecasting of equity fundings and credit delivery, and quarterly priority return collection, ensuring delivery of all projected investment benefits.
• Review complex legal documents pertaining to structured credit arrangements; works with counsel and business partners to negotiate and mitigate risks on behalf of USBIF.
• Timely and thoroughly review all due diligence documentation (including financial projections and third-party reports) with attention to detail, proactively identifying issues to be addressed.
• Review and analyze financial models and be able to identify and address underwriting, cash flow, and accounting risks.
• Prepare high-quality underwriting packages in support of post-closing deal amendments, modifications, or restructures, describing the strengths, weaknesses, risks, and mitigating factors related to a transaction.
• Manage through project issues that may arise and provide value-added solutions, proactively identifying uncertainties and grey-area situations to take well-reasoned and well-mitigated risk.
• Articulate the Bank's position to customers, and advocate on behalf of Sponsors with Credit and management.
• Provide a high level of customer service through clear communication, managing internal and external customer expectations, and meeting commitments.
• Coordinate with a variety of internal and external parties to facilitate management of investments.
• Engage in the virtual team experience by active engagement in team meetings, trainings, and activities.

Requirements

• Bachelor's degree or equivalent work experience
• Typically six or more years of related experience
• Proven credit management, underwriting and financial analysis skills, including cash flow analysis experience with complex, structured transactions
• Knowledge of financial modeling techniques and analysis of proforma financial statements
• Comprehension of complex project finance transactions, loan documentation, and deal structure mechanics
• Knowledge of critical aspects of renewable energy project management, including equipment and performance review as well as a baseline understanding of U.S. energy markets
• 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
• Excellent time management skills with the ability to effectively manage internal and client timelines and needs
• Effective listener and strong communication skills, both oral and written
• Highly motivated self-starter with keen attention to detail and growth mindset

Nice-to-haves

• Familiarity with standard banking processes and procedures, including managing to credit policies and procedures and navigating credit approval processes
• Ability to identify obstacles and manage expectations
• Demonstrated interest in promoting diversity in the workplace and a commitment to maximizing equitable access to the benefits of renewable energy

Benefits

• Paid holidays
• Disability insurance
• Health insurance
• Dental insurance
• 401(k)
• Adoption assistance
• Parental leave
• Vision insurance
• 401(k) matching
• Flexible schedule
• Life insurance