Portfolio Management: Renewable Energy Finance - Leasing Credit Officer
Bank of America
Company Bank of America
Job Title Portfolio Management: Renewable Energy Finance - Leasing Credit Officer
Location: New York, NY, 10176, USA
Description **Job Description:**
Responsible for administration and monitoring of project finance and multi-draw structured financings in the Renewable Energy Finance (REF) portfolio. Such activities will include periodic project performance review, financial statement review, determining borrowing base compliance, approving funding advances and collateral eligibility, and monitoring the credit profile of key transaction counterparties (e.g. Borrowers, Servicers, Project Sponsors and Off-takers). The LCO will also occasionally participate in on-site operational due diligence with respect to multi-draw facilities.
A key element of the LCOs role will be ongoing credit responsibility for a designated portfolio of project and structured financings. With respect to this portfolio, the LCO will also perform the monitoring requirements outlined in BAL Credit Policy. This will include the preparation of status reviews and risk rating scorecards, as well as troubled asset reports. The LCO will also assist in responding to information requests on the portfolio from senior Credit and Risk management.
In executing these duties, the LCO will interact with REF Program Management, Credit Underwriting, Engineering Support, Legal and Contracts officers as needed. The LCO 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 or projects.
The position/qualification requirements are described as a Leasing Credit Officer II; however, depending upon the qualifications met by the candidate could be filled as a Leasing Credit Officer I.
The LCO will report to the Portfolio Management Leasing Credit Manager.
Undergraduate degree in finance or accounting; MBA preferred.
**Prior Work Experience:**
6 to 8 years experience in commercial banking, leasing, or finance industry with significant credit, secured equipment finance, and project finance experience. Exposure to renewable energy equipment finance, and/or renewable energy project finance would be a plus. Knowledge of energy-related industries is essential; familiarity with the renewable energy sector is a plus.
+ Foundation in commercial and large corporate credit analysis, with experience in secured equipment-oriented and project finance. Comfortable with financial and project performance analysis.
+ Strong credit and risk analysis skills. Good aptitude for understanding elements of complex transaction structures and renewable energy generation projects. Similar aptitude for reviewing and understanding legal documents.
+ 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.
+ Clear and articulate oral and written communication skills
+ Computer skills; very comfortable with applications such as Word and Excel. Ability to understand and work with financial and project models.
+ Results oriented; is able to meet deadlines.
+ 10% Travel
+ Preferred locations New York, Providence, Charlotte or Boston
**Posting Date** : 12/21/2016
**Location** : US-MA-Boston, US-NY-New York, US-NC-Charlotte, US-RI-Providence
**Travel** : Yes, 10% of the time
**Full / Part-time** : Full time
**Hours Per Week** : 40
**Shift** : 1st shift
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