Portfolio Manager - Project Finance - Power and Renewable Energy
Company: Cobank
Location: Englewood
Posted on: May 6, 2024
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Job Description:
Benefits Overview:A career at CoBank can offer you the
opportunity to make a personal impact on the people and communities
where we do business. When you choose a career with CoBank, you
make a difference by standing for something that matters. In order
to be the best, we hire the best!Remarkable Benefits Offered by
CoBankCareers with a purpose. Stand for something!Time-Off
Packages- over 15 days of vacation, 10 paid sick days and 11 paid
holidaysCompetitive Compensation & IncentiveHybrid work model:
flexible arrangements for most positionsBenefits Packages,
including Medical, Dental and Vision coverage, Disability,
AD&D, and Life InsuranceRobust associate training and
development with CoBank UniversityTuition reimbursement for higher
education up to $10k per yearOutstanding 401k: up to 6% matching
and additional 3% non-elective contributionCommunity Impact: United
Way Angel Day, Volunteer Day and Associate Directed
ContributionAssociate Resource Groups: creating a culture of
diversity and inclusionRecognize a fellow associate through our GEM
awardsJob Description:At CoBank, our Portfolio Manager - Project
Finance provides relationship management and credit support to
primary Relationship Managers, including origination, structuring,
execution, and monitoring of Project Finance transactions for power
and energy infrastructure assets. Responsible for working with the
Relationship Manager and Credit Analysts on associated internal
credit, research, and financial modeling functions. Mentors and
provides guidance to junior level staff, as appropriate. Supports
the achievement of profitability and credit goals for the division
through day-to-day management of account relationships.The
Portfolio Manager supports overall relationships with key Financial
Sponsors, Infrastructure Funds, and Independent Power Developers,
and other non-traditional investors whose investments are
concentrated in the renewable and thermal energy and electricity
transmission business sectors. Manages a portfolio of complex,
non-recourse loans (of various types, including, agency situations,
projects under construction, operating projects, and high attention
credits) to independent power projects as the primary officer,
which includes coordination with the Project Finance Credit
underwriting team and Sponsor's Relationship Manager.
Responsibilities include, but are not limited to, review of
supporting junior credit underwriting team's work, preparing and
managing loan modification/amendment requests, term conversion,
legal document review, reviewing and processing borrowing and
disbursement requests, interfacing with customers, interfacing with
internal stakeholders, including Risk, Asset Review, Credit
Approvals, Capital Markets, and Loan Processing. Originates and
executes new business in coordination with Relationship Managers.
Responsibilities include, preparing pitch materials, initial deal
screening and risk analysis, preparing pre-screening memos,
performing and managing due diligence activities, industry and
market analysis, preparing and/or reviewing complex cash flow
project finance models, closing activities, and assisting in the
execution of other financial products, such as interest rate
hedging and letter of credit issuances. Collaborates closely with
credit underwriting team, CoBank Credit Approvals Group, and CoBank
Capital Markets to support the design, structure, and pitch for
lead arranger or agency opportunities. Recommends credit decisions
as appropriate. Manages the overall profitability and credit
quality of a large and complex Project Finance loan portfolio.
Collaborates with the business leaders in the Power, Energy and
Utilities Group toward the achievement of business strategies and
performance goals in accordance with the CoBank business plan.
Supports the achievement of profitability and credit goals for the
division through day-to-day management of account
relationships.Essential Duties and Responsibilities:Supports
Relationship Managers for an assigned portfolio and new business
opportunities of complex Project Finance and sustainable finance
transactions with a mix of agency, bilateral, and participated
accounts, covering primarily renewables and thermal power.Provides
autonomous oversight on refinancing of existing borrowers,
amendments, consents and waivers, and provides recommendations to
Relationship Managers regarding any credit deviations or
concerns.Assists Relationship Managers with communication to
critical internal stakeholders, including the Division leadership,
Credit, Capital Markets, Agency, and Treasury/Derivative
functions.Works alongside Credit Analysts to guide the development
and analysis of financial data for new or renewed financing
arrangements.Recommends decisions on loan terms and loan servicing
actions within approved limits on assigned accounts.Manages to
profitability and credit quality targets for portfolio.Assists
Relationship Managers to develop and implement marketing and
account servicing plans for assigned accounts, and may support RMs
in developing proposals and pitch materials for prospective
accounts.Prudently services accounts to protect CoBank and minimize
losses.Handles customer questions and concerns related to billing,
documentation and other inquiries.Provides leadership and guidance
to junior level staff as appropriate.May conduct compliance
monitoring and follow-up on covenant violations, reporting
exceptions and collateral and documentation
deficienciesParticipates in special projects and performs other
duties, as assigned.Basic QualificationsBachelor's degree in
Accounting, Finance, Economics, or other relevant discipline.Five
(5) or more years of experience in banking or the financial
services industry, including experience in Project
Finance.Preferred QualificationsExperience in Project Finance
requiredKnowledge of accounting, finance and corporate valuation
conceptsKnowledge of fundamental commercial lending, loan
structuring, financing alternatives, collateral concepts and
syndicated loan structuresAdvanced knowledge of Project Finance
financial modeling and auditing functions.Knowledge of technical
standards, industry trends, technology and regional/national
regulatory requirementsKnowledge of competitive environment and
practices in customer's industryProven ability to analyze credits,
contracts, legal documents, technical reports and various deal
structures.Ability to produce marketing presentations for potential
and existing customers.Ad-hoc data analysis and spreadsheet
modeling skills.Advanced analytical and problem solving
skills.Advanced organizational and time management skills.Excellent
verbal and written communication and interpersonal skills.Knowledge
of Microsoft Office applications (Outlook, Word and
Excel).Availability for occasional work outside normal business
hours.Availability for occasional travel (up to 25%).Compensation
InformationEstimated Base Salary Range: $120,000 - $155,000Target
short-term incentive opportunity: 35%About CoBank:CoBank is a
cooperative bank serving vital industries across rural America. The
bank provides loans, leases, export financing and other financial
services to agribusinesses and rural power, water and
communications providers in all 50 states. The bank also provides
wholesale loans and other financial services to affiliated Farm
Credit associations serving more than 76,000 farmers, ranchers and
other rural borrowers in 23 states around the country. CoBank is a
member of the Farm Credit System, a nationwide network of banks and
retail lending associations chartered to support the borrowing
needs of U.S. agriculture, rural infrastructure and rural
communities. Headquartered outside Denver, Colorado, CoBank serves
customers from regional banking centers across the U.S. and also
maintains an international representative office in
Singapore.CoBank is an Equal Opportunity EmployerAll qualified
applicants will receive consideration for employment without regard
to race, color, religion, sex, sexual orientation, gender identity,
national origin, disability, or status as a protected veteran.by
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Keywords: Cobank, Denver , Portfolio Manager - Project Finance - Power and Renewable Energy, Accounting, Auditing , Englewood, Colorado
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