Environmental Finance - Senior Portfolio Manager

at  US Bank National Association

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 DESCRIPTION

USBIF is currently seeking a candidate to join our growing team of environmental finance professionals as a Portfolio Manager (PM). The M’s responsibilities include identifying and mitigating risk, managing the overall customer relationship, and underwriting and executing amendments and modifications for portfolio of complex renewable energy tax equity investments, project finance loans, and related products (predominantly solar, wind, and battery storage systems).

Job 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. Enhance the learning experience of other team members, and contribute to a collegial, collaborative team environment.

BASIC QUALIFICATIONS

• Typically Bachelor’s degree, or equivalent work experience
• Typically eight or more years of related experience

Preferred Skills/Experience

• Proven credit management, underwriting and financial analysis skills, including cash flow analysis experience with complex, structured transactions, due diligence proficiency and detail orientation.
• 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 including regulatory structures, physical and synthetic forms of power agreements and derivative instruments.
• 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. 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 internal and client timelines and needs. Ability to identify obstacles and manage expectations.
• Effective listener and strong 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.
• Demonstrated interest in promoting diversity in the workplace and a commitment to maximizing equitable access to the benefits of renewable energy.

U.S. Bancorp Community Development Corporation d/b/a 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 energy projects have a lasting social and environmental impact in communities. Visit USBIF on the web to find out more at www.usbank.com/cdc.
U.S. Bancorp Community Development Corporation is now operating as U.S. Bancorp Impact Finance. All job postings under U.S. Bancorp Impact Finance reside within the USBCDC organization.

Job 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. Enhance the learning experience of other team members, and contribute to a collegial, collaborative team environment

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That’s why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by la