Environmental Finance - Assistant Director of Underwriting - Renewable Energy Project Finance

U.S. Bank National Association • St. Louis, MO

8d • Hybrid

About The Position

U.S. Bancorp Environmental Finance is currently seeking a candidate to join our growing team of renewable energy finance professionals as an Assistant Director of Project Management (ADPM) managing a team of underwriters. The ADPM’s responsibilities include leading a team of Project Managers (PMs or underwriters) and Project Manager Associates (PMAs) who underwrite, structure, negotiate, close, and asset manage complex renewable energy Project Finance loans. The ADPM is responsible for managing the PMs and PMAs on their team to balance 1) production capacity to achieve volume and profitability goals as well as the management of a growing portfolio of assets while maintaining credit quality, 2) the customer experience, and 3) work-life balance for the team.

Requirements

• Typically Bachelor's degree, or equivalent work experience
• Typically 10 or more years of banking and/or tax credit industry experience
• Typically three or more years of management experience

Nice To Haves

• In depth knowledge of complex renewable energy project finance transactions, loan documentation, and deal structure mechanics
• High degree of familiarity with utilizing project finance models to underwrite debt and/or tax equity.
• In-depth knowledge of construction/term project finance lending and related products.
• Detailed knowledge of critical aspects of renewable energy project underwriting, including equipment and performance review as well as a baseline understanding of U.S. energy markets including regulatory structures, physical and synthetic forms of power agreements and derivatives, as well as renewables-focused regional incentives.
• Familiarity with critical banking processes and procedures, including credit policy review and approval.
• Expertise with investor and/or lender risk mitigation. Ability to apply knowledge to new business opportunities (e.g. new tax credit programs, new asset classes or products) to address relevant risks and benefits.
• Demonstrated ability to effectively coordinate and manage people, processes and customer relations.
• A team player who leads by example, promoting learning and mentorship with excellent interpersonal and teamwork skills.
• Able to manage a staff working on multiple transactions at different stages concurrently while in different locations across the country.
• Ability to conceptualize and structure complicated transactions that rely on knowledge of the industry, accounting practices, financing tools and underlying operating businesses.
• Ability to read and negotiate complex legal documents and work effectively with attorneys when needed.
• Demonstrated ability to navigate internally to problem solve and find answers or paths forward when one is not readily clear.
• Effective listener and advanced communication skills, both oral and written.
• Highly motivated self-starter who has a good attention to detail, growth mindset, and ability to be comfortable in periods of unpredictability.
• Energized by working in a collaborative team environment that is dynamic and evolving.

Responsibilities

• Train, mentor, and be an ongoing resource to team members throughout underwriting, closing, and asset management. Coach PMs/PMAs to maintain a balanced approach to timely identifying issues, problem solving, and managing risk.
• Review, provide constructive feedback, and approve credit packages for the team, ensuring product and credit quality are maintained.
• Coach and develop PM Team staff in support of achieving their individual business goals, including short-term personal goals and long-term career paths.
• Maintain a culture of inclusion where all people and perspectives are valued and leveraged; recognize and reward contributions and accomplishments.
• Build and maintain a sense of team culture and teamwork within the group. Transparently share information and provide context for management and strategic decisions.
• Organize and lead meetings (internal group meetings, process improvements, feedback sessions, training, and knowledge sharing).
• Work collaboratively with the PM leadership team on staff assessments, consistency in talent management practices, planning, developing training resources and identifying opportunities to enhance the employee experience.
• Actively work to improve processes, leverage best practices, increase efficiencies, and coordinate across other functional departments to enhance the customer experience.
• Responsible for keeping current on commercial lending policies, products, and services.
• Ensure team compliance with the U.S. Bank Code of Ethics and all Anti-Money Laundering, Bank Secrecy Acts, information security and suspicious activity reporting requirements, policies, and procedures. Actively participates in any required corporate and business line training in these areas.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees