Renewable Energy Portfolio Manager

Unclassified - New York, NY

Full-time - Mid Level

New York, NY

About the position

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Responsibilities

• Responsible for ongoing credit administration, monitoring, review, and analysis for a designated portfolio of tax equity and debt project financings.
• Prepare and write periodic status reviews and update risk rating scorecards.
• Monitor the credit profile of key transaction counterparties such as borrowers, off-takers, project sponsors, and servicers.
• Ensure compliance with the terms of and reporting requirements of transaction agreements.
• Evaluate and process project-related consent requests from clients.
• Provide timely responses to inquiries on the portfolio from senior credit and risk management team members.
• Evaluate new end-user credit opportunities including identification and assessment of risks and identifying mitigating factors.
• Partner with client-facing teammates to consult on sales opportunities and provide product expertise necessary to deliver effective client solutions.
• Underwrite new transactions, analyze credit risk, negotiate and close deals while adhering to internal policy, procedures, and regulatory requirements.
• Structure the terms of a lease/loan with respect to pricing, rates, payment, term, and collateral.
• Manage the credit process for a portfolio of clients including reviewing financial statements, assessing compliance with financial covenants, confirming the accuracy of risk ratings, and recommending changes as warranted.

Requirements

• 4+ years of experience in banking or finance industry in corporate credit, tax equity, project finance, and/or renewable energy.
• Ability to review, understand and interpret legal documentation of complex transactions and their impact on credit exposure.
• Ability to work efficiently and productively on multiple transactions or tasks at one time.
• Results-oriented, and able to keep track of and meet deadlines.
• Ability to interact effectively and build relationships with internal and external clients and partners.
• Ability to independently lead diligence efforts, make approval recommendations, and execute timely funding.
• Proficient in Excel, Word, and PowerPoint.

Nice-to-haves

• Bachelor's Degree in Finance, Accounting or related major.

Benefits

• Competitive benefits to support physical, emotional, and financial well-being.