Associate Director, Sr. Portfolio Manager - Project Finance and Infrastructure

Huntington National Bank•Cincinnati, OH

2d•$70,000 - $161,000•Onsite

About The Position

The Project Finance & Infrastructure (“PFI”) team at Huntington Bank, N.A originates project finance and non-recourse senior debt transactions for projects across the Power & Renewables, Midstream, Transportation and P3 sectors. Historically the Line of Business has been focused primarily on Sale & Leaseback transactions in the Renewables sector including wind, solar, storage and other forms of renewable investment, but is now broadening its scope to include construction and back-leverage deals within renewable energy, as well as entering other sub-sectors within Energy & Infrastructure. The PFI team is seeking a talented and ambitious Sr. Portfolio Manager (Associate Director), to support the PFI, Underwriting and Portfolio Management team. The Underwriting and Portfolio Management organization is responsible for working with internal partners to underwrite new transactions and manage the existing portfolio of loans. Our Underwriters and Portfolio Managers balance supporting the Commercial Bank’s growth and ensuring we have a scalable, well-managed business. The position requires working closely with clients, Relationship Managers and our Credit Department to underwrite and build a high quality Project Finance portfolio. The Sr. Portfolio Manager manages all aspect of due diligence in credit underwriting, financial modeling, approval, execution as well as documentation. The Senior PM also conducts post-closing operational and contractual activities and is responsible for safeguarding the operational and financial performance of the projects financed by HNB. A strong understanding of project finance is required including detailed knowledge of typical project structures, construction risk management, operations & maintenance, off-take agreements and financing documentation.

Requirements

Bachelors degree in finance, accounting, economics or related field.
5+ years of experience in one or a combination of the following: underwriting, credit, or portfolio management in Project Finance and competence in Financial Modeling.

Nice To Haves

Strong knowledge of the different power and energy markets in the US including the regulatory environment.
In-depth knowledge of the Renewable Energy Project Finance industry. Experience in back-leverage transaction, community solar, distributed generation and other project finance assets (gas-fired power, LNG, transmission),
Strong knowledge and understanding of corporate banking credits, cash flow analysis, and underwriting guidelines
Ability to thoroughly analyze credits on an independent basis and communicate findings in a concise manner
Strong analytical skills with high attention to detail and accuracy
Excellent verbal, written, and interpersonal communication skills

Responsibilities

Serves as the point person when underwriting credit transactions for the assigned portfolio and new clients.
Recommends capital structure and accumulates all data necessary to perform focused analysis. Also, manages approvals for amendments and waivers to credit facilities, as well as monitors the financial performance of portfolio companies.
Reviews financial statements, projection models, project cash flow models and all other relevant financial and non-financial data to develop a concise focused analytical foundation for a credit decision.
Prepares thorough credit underwriting identifying industry concerns, market share trends, financial trends and other pertinent underwriting issues to present to the approving Credit Officer.
Ensures underwriting and structuring decisions reflect commitment to strong asset quality.
Recommends prudent use of capital and maintains profitability hurdles for portfolio keeping the risk/return balance in mind.
Obtains and negotiates all necessary documentation including, all credit agreements, notes, pledges and collateral, and assures that the documentation correctly reflects rates, terms and special conditions.
Acts as a value added member of deal teams with loan syndication, origination, and distribution for syndicated credits within the portfolio or for new prospects.
Proactively assists Relationship Managers in development of marketing presentations and pitch books highlighting product solutions for client needs.
Identifies potential problem accounts and works to improve the bank's position in undesirable situations.
Mentors junior professionals.