Job Description:This job is responsible for managing clients and related credit products, partnering closely with relationship management, sales/trading, treasury management, operations and risk teams to support the client relationship. Key responsibilities include underwriting, monitoring, managing operational needs and/or client requests. Job expectations include credit-focused client management responsibilities, independent thought leadership, and the ability to provide feedback to less experienced teammates.
The Global Infrastructure Credit Officer 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 Infrastructure & Sustainable Finance Group. The Credit Officer may also be involved in the execution of tranche fundings of closed tax equity and project finance transactions.
A key element of Credit Officer role will be ongoing credit responsibility for a designated portfolio of tax equity, debt project and structured financings. This will include the preparation of periodic status reviews documents and risk rating scorecards. Additionally, the Credit Officer will be familiar with and adhere to the transaction management and monitoring requirements outlined in Bank of America's Credit Policy and guidelines. The Credit Officer will provide timely responses to inquiries on the portfolio from senior credit and risk management team members.
In executing these duties, the Credit Officer will interact with Originators, Credit Underwriting, Risk Management, Engineering Support, Modelling and Legal officers as needed. The Credit Officer 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. These interactions may include the review and negotiation of potential transaction document modifications or transaction restructurings.
Responsibilities:- Partners with relationship management and product partners to assess clients' credit needs and create solutions
- Leads loan structure conversations and negotiates loan documentation with clients and internal/external legal partners
- Drives credit and risk approval processes for new credit originations, renewals, increases, and modifications
- Leads ongoing monitoring efforts for a portfolio of clients in compliance with regulations, policy and procedure
- 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).
- 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.
- Provides timely responses to inquiries on the portfolio from senior credit and risk management team members.
Required Qualifications:- 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.
- Ability to independently lead diligence efforts, make approval recommendations, and execute timely funding.
- Computer skills: proficient in Excel, Word and PowerPoint
Desired Qualifications:- Bachelor's Degree in Finance, Accounting or related major.
Skills:- Analytical Thinking
- Credit and Risk Assessment
- Financial Analysis
- Research Analysis
- Underwriting
- Attention to Detail
- Business Acumen
- Financial Forecasting and Modeling
- Loan Structuring
- Written Communications
- Business Development
- Collaboration
- Critical Thinking
- Portfolio Analysis
- Stakeholder Management
Shift:1st shift (United States of America)
Hours Per Week: 40
Pay Transparency detailsUS - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay and benefits information
Pay range
$130,000.00 - $201,200.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
