CoBank
Portfolio Manager - Project Finance - Power & Renewable Energy
CoBank, Atlanta, GA
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 CoBank
Job 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 Functions
Education
Work Experience
Preferred Qualifications
Physical Exertion Details
Sedentary Exerting up to 10 pounds of force occasionally (Occasionally: activity or condition exists up to 1/3 of the time) and/or a negligible amount of force frequently (Frequently: activity or condition exists from 1/3 to 2/3 of the time) to lift, carry, push, pull, or otherwise move objects, including the human body. Sedentary work involves sitting most of the time, but may involve walking or standing for brief periods of time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.
Travel Requirement Details
Occasional Travel occurs infrequently (typically, once a month or less).
About CoBank
The typical base pay range for this role is between $140,000 - $194,000. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.
The listed salary, other compensation and benefits information is accurate as of the date of this posting. This job will be posted for a minimum of five (5) business days or until the position is filled. CoBank reserves the right to adjust compensation for all positions and to modify or discontinue benefits programs at any time in its sole discretion, subject to applicable law.
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.
REASONABLE ACCOMMODATION
We are committed to ensuring that our online application process provides an equal employment opportunity to all applicants, including qualified individuals with disabilities. If you are an applicant with a disability, or are assisting an applicant with a disability, and require accessibility assistance or would like to request a reasonable accommodation for any aspect of the application process, including completing an application, interviewing, or otherwise participating in the employee selection process, please submit a request by emailing [redacted]. Include your contact information and specific details about your requested accommodation.
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time.
CoBank is an Equal Opportunity Employer.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.
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 CoBank
- Careers with a purpose. Stand for something!
- Time-Off Packages, boasting over 15 days of vacation, 10 paid sick days and 11 paid holidays
- Competitive Compensation & Incentive
- Hybrid work model: flexible arrangements for most positions
- Benefits Packages, including Medical, Dental and Vision coverage, Disability, AD&D, and Life Insurance
- Robust associate training and development with CoBank University
- Tuition reimbursement for higher education up to 10K
- Outstanding 401k: up to 6% matching and additional 3% non-elective contribution
- Community Impact: United Way Angel Day, Volunteer Day and Associate Directed Contribution
- Associate Resource Groups: creating a culture of diversity and inclusion
- Recognize a fellow associate through our GEM awards
Job 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 Functions
- Independently manages the day-to-day activity of an assigned portfolio of complex power, water, energy, and utility transactions with a mix of new and existing accounts. This includes direct customer communication, as necessary.
- Provides autonomous oversight on refinancing of existing borrowers, amendments, consents and waivers, term conversions 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, Loan Closing, Operations, Treasury and Derivative functions.
- Works alongside Credit Analysts to guide the development and analysis of financial data and due diligence of contractual, technical, and market information for new or renewed financing arrangements. Collaborates with Credit Analysts to guide the development and preparation of credit approval documentation for new, renewed financing arrangements and consent, waiver and amendment activities.
- Provides primary drafting of eligibility opinions and internal risk forms as part of the customer due diligence and application process.
- Supports Relationship Managers in origination, structuring, and new business activities. Takes on primary responsibilities, as assigned, to negotiate, diligence, document, and close new lending commitments in the bank loan and/or bond market. These activities can include, preparing pre-screening memos, pitch development, and engaging with Capital Markets and other internal stakeholders.
- Handles customer questions and concerns related to billing, documentation, and other inquiries or requests.
- Manages to profitability and credit quality targets for portfolio.
- Prudently services accounts to protect CoBank and minimize losses.
- May conduct compliance monitoring and follow-up on covenant violations, reporting exceptions and collateral and documentation deficiencies.
- Maintains expertise in the various customer segments and keeps up-to-date on industry trends, technology, regulatory requirements, and government programs
Education
- Bachelor's Degree required
Work Experience
- 5 years experience in banking or financial services industry, including experience in power, water, energy or utilities required
Preferred Qualifications
- Experience in Project Finance required
- Knowledge of accounting, finance and corporate valuation concepts
- Knowledge of fundamental commercial lending, loan structuring, financing alternatives, collateral concepts and syndicated loan structures
- Advanced knowledge of Project Finance financial modeling and auditing functions.
- Knowledge of technical standards, industry trends, technology and regional/national regulatory requirements
- Knowledge of competitive environment and practices in customer's industry
- Proven 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%).
Physical Exertion Details
Sedentary Exerting up to 10 pounds of force occasionally (Occasionally: activity or condition exists up to 1/3 of the time) and/or a negligible amount of force frequently (Frequently: activity or condition exists from 1/3 to 2/3 of the time) to lift, carry, push, pull, or otherwise move objects, including the human body. Sedentary work involves sitting most of the time, but may involve walking or standing for brief periods of time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.
Travel Requirement Details
Occasional Travel occurs infrequently (typically, once a month or less).
About CoBank
The typical base pay range for this role is between $140,000 - $194,000. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.
The listed salary, other compensation and benefits information is accurate as of the date of this posting. This job will be posted for a minimum of five (5) business days or until the position is filled. CoBank reserves the right to adjust compensation for all positions and to modify or discontinue benefits programs at any time in its sole discretion, subject to applicable law.
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.
REASONABLE ACCOMMODATION
We are committed to ensuring that our online application process provides an equal employment opportunity to all applicants, including qualified individuals with disabilities. If you are an applicant with a disability, or are assisting an applicant with a disability, and require accessibility assistance or would like to request a reasonable accommodation for any aspect of the application process, including completing an application, interviewing, or otherwise participating in the employee selection process, please submit a request by emailing [redacted]. Include your contact information and specific details about your requested accommodation.
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time.
CoBank is an Equal Opportunity Employer.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.