CASY-MSCCN Jobs

Global Renewable Energy Credit Portfolio Manager

New York, New York;Charlotte, North Carolina

Job Description:

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!

Job Description:

The Global Renewable Energy Credit Portfolio Manager will be responsible for the ongoing credit administration, monitoring, review, and analysis for a designated portfolio of tax equity (e.g., distributed generation solar, fuel cell, EV, storage) and debt project financings originated by the Global Sustainable Finance Group.

The Portfolio Manager may also be involved in the execution of tranche fundings of closed tax equity and project finance transactions. The tranche funding process entails the Portfolio Manager working extensively with the client and the transaction’s Originators, Credit Underwriting, Risk Management, Engineering/Technical experts (internal and external), Modelling (internal and external), Legal counsel (internal and external), Appraisers, Finance and Tax teams (as needed) to ensure that all of the required documentation for a funding are in compliance and conditions precedent are satisfied before the release the requested funds.

During the tranche funding process, the Portfolio Manager will have significant interaction with clients, as well as the relevant internal and external subject matter experts.

Responsibilities:

• Ensures compliance with the terms of and reporting requirements of transaction agreements.

• Evaluates and processes project related consent requests (e.g., amendments, waivers, extensions) from clients.

• Performs periodic project performance and financial reviews of transactions.

• Prepares and writes periodic status reviews and update risk rating scorecards.

• Monitors the credit profile of key transaction counterparties (e.g. borrowers, off-takers, project sponsors and servicers).

• Provides timely responses to inquiries on the portfolio from senior credit and risk management team members.

Required Qualifications:

• Minimum 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.

• ​Clear and articulate oral and written communication skills.

• Computer skills: proficient in Excel (Macros, VBA), Word and PowerPoint.

Minimum Education Requirements:

Undergraduate degree in finance, accounting or related major.

Skills:

• Financial Analysis

• Risk Management

• Account Management

• Credit Documentation Requirements

• Credit and Risk Assessment

• Issue Management

• Analytical Thinking

• Collaboration

• Critical Thinking

• Customer and Client Focus

• Excellent Writing Skills

Shift:

1st shift (United States of America)

Hours Per Week:

40

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) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .