Job Description:
This job is responsible for analyzing and interpreting a client's credit worthiness, evaluating credit risks, and writing credit approval memos for annual renewals and new lending opportunities. Key responsibilities include analyzing qualitative and quantitative data such as client's financials, projections, industry data, covenant compliance, and collateral appraisals to ensure compliance with the bank's risk appetite. Job expectations include completing regular monitoring and underwriting tasks and supporting key internal stakeholders to achieve successful execution of new transactions.
Embedded across the bank’s eight lines of business, the Global Renewable Energy Credit team reflects the bank’s initiative to fuel the global economy, build trust and credibility with communities, and represents a company that people want to work for, invest in, and do business with. The Global Renewable Energy Credit team supports the continued growth in sustainable, renewable, and green finance and further deliver on the bank’s commitment to help society transition to a low-carbon economy. The Global Renewable Energy Credit Team covers transactions for Corporate Lending, Tax Equity and Project Finance through involvement in the origination and underwriting of transactions.
Responsibilities:
- Analyzes client's financial performance by comparing it to past performance, projections, and industry standards
- Reviews financial statements, assesses the client's compliance with financial covenants, and renews risk ratings, while recommending changes as warranted
- Assists in the underwriting, credit risk analysis, negotiation, and closing of new transactions or existing transactions, while adhering to all relevant policies and procedures
- Evaluates transaction and relationship risk-adjusted profitability to facilitate the allocation of capital
- Builds projection models for the client (as needed) based on historical performance, industry forecasts, and other due diligence findings
- Perform financial, business industry, and transaction analyses, conduct research, and prepare supporting documentation for transaction credit approval
- Performs intensive qualitative and quantitative due diligence on transaction structures, stress scenarios, financial models, engineer reports, and terms and conditions
- Participate in the underwriting and documentation of project finance and other credit facilities designed to meet both client and investor needs as well as balance the bank's internal risk/return requirements
- Provide input into key projects/initiatives across the bank
- Review the credit profile of key transaction counterparties (e.g. borrowers, servicers, sponsors and off-takers)
- Engage with various partners including GCIB Enterprise Credit Officers for recourse obligors, Enterprise Credit Risk, and Global Markets Risk
Required Qualifications:
- 1+ years’ experience in corporate or commercial credit at a financial institution
- 1+ years’ experience in project finance/tax equity/structured credit with a focus in energy, power, or infrastructure
Desired Qualifications:
- BA degree in Finance or related major
- Formal credit training program at financial institution
- Strong technical skills including quantitative financial modeling
Skills:
- Analytical Thinking
- Financial Analysis
- Financial Forecasting and Modeling
- Profitability Analysis
- Research Analysis
- Attention to Detail
- Business Acumen
- Credit and Risk Assessment
- Underwriting
- Written Communications
- Verbal Communication
- Academic Aptitude
- Quantative Skills
- Strategic and Creative Thinking
- Collaboration
- Critical Thinking
- Portfolio Analysis
- Prioritization
- Technical Documentation
