Director, UWPM, Alternative Renewable Energy

Capital One • Charlotte, NY

20h

About The Position

Director, UWPM, Alternative Renewable Energy The Underwriting and Portfolio Management organization is responsible for working with internal partners to underwrite new transactions and manage the existing portfolio of tax equity transactions. Our Underwriters and Portfolio Managers balance supporting the Commercial’s Bank’s growth and ensuring we have a scalable, well-managed business. This role supports the Renewable Energy, Underwriting and Portfolio Management team. The Line of Business is focused primarily on Tax Equity transactions in the Renewables sector including wind, solar, storage and other forms of renewable investment. As a Lead Underwriter & Portfolio Manager, you are considered a deep subject matter expert in credit risk management for a specific line of business. In addition to performing your responsibilities autonomously, you may play a leadership role across deal teams by guiding or shaping less experienced associates. You are trusted to complete complex transactions or solve more unique problems because of your experience and job specific skills. Primary underwriting responsibilities may include: Lead and compile due diligence to draw conclusions on material current and future risks and mitigates; identify performance drivers, project future performance, and anticipate ability to repay debt; apply industry research across transactions and share key takeaways across the organization Lead all aspects of tax equity transaction execution efforts including structuring, diligence, approvals, document negotiations and oversight of junior members, providing feedback, and coaching Leverage deep expertise in industry trends and market analysis to present findings and potential opportunities to senior management with ease Anticipate questions that will be raised during deal review and approval meetings Assist and develop procedures to ensure less experienced team members understand financial statement analysis and cash flow analysis Review financial models independently and incorporate complex structures or nuances Propose appropriate structuring options in tandem with deal team Interpret pricing model outputs in context of business return hurdles and consider areas for increasing returns Write and prepare all parts of the credit approval document independently; identify need for supplemental analysis and discussion; review work of less experienced members of the team Oversee closing process requirements; review closing memo Lead documentation process and negotiate provisions of term sheets, commitment letters, and fee letters with internal and external counsel as well as clients Independently lead all aspects of process for complex deals, including special circumstances, higher approval requirements, and setting overall expectations Primary portfolio or asset management responsibilities may include: Manage most complex or highest risk portfolio of accounts independently including amendments, refinancing, and recaps; review portfolios of less experienced team members; review and monitor health of portfolio accounts, drive customer retention and performance against expectations Proactively anticipate issues, draw parallels from other accounts to own account; resolve problem accounts in partnership with other teams and specialists Review and approve annual reviews and both material and non-material modifications Facilitate and leads quarterly portfolio reviews; prepare watch and criticized reports for quarterly meetings & annual reviews Review past due reporting, covenants, and payments and remediate with the appropriate party Ensure portfolio data is accurate, timely, and complete to ensure strong quality and reporting capabilities Additional Responsibilities may include: Build relationships across function and business to foster collaboration between partner groups Interact directly with customers to cultivate strong relationships while balancing risk and return Consult with legal or Special Assets Department Mentor and train rotational analysts and new hires Participate in internal initiatives to ensure the business is well-managed and operates efficiently Ensure compliance with credit policies and procedures

Requirements

• Bachelor’s Degree or Military Experience
• At least 5 years of experience in tax equity transaction underwriting and execution
• At least 7 years of experience in tax equity, credit, portfolio management, or asset management

Nice To Haves

• Master’s Degree in Business Accounting, Finance, or other relevant fields
• At least 10+ years of experience in credit underwriting or portfolio management or asset management
• At least 3+ years of previous leadership experience with deal teams or analysts

Responsibilities

• Lead and compile due diligence to draw conclusions on material current and future risks and mitigates; identify performance drivers, project future performance, and anticipate ability to repay debt; apply industry research across transactions and share key takeaways across the organization
• Lead all aspects of tax equity transaction execution efforts including structuring, diligence, approvals, document negotiations and oversight of junior members, providing feedback, and coaching
• Leverage deep expertise in industry trends and market analysis to present findings and potential opportunities to senior management with ease
• Anticipate questions that will be raised during deal review and approval meetings
• Assist and develop procedures to ensure less experienced team members understand financial statement analysis and cash flow analysis
• Review financial models independently and incorporate complex structures or nuances
• Propose appropriate structuring options in tandem with deal team
• Interpret pricing model outputs in context of business return hurdles and consider areas for increasing returns
• Write and prepare all parts of the credit approval document independently; identify need for supplemental analysis and discussion; review work of less experienced members of the team
• Oversee closing process requirements; review closing memo
• Lead documentation process and negotiate provisions of term sheets, commitment letters, and fee letters with internal and external counsel as well as clients
• Independently lead all aspects of process for complex deals, including special circumstances, higher approval requirements, and setting overall expectations
• Manage most complex or highest risk portfolio of accounts independently including amendments, refinancing, and recaps; review portfolios of less experienced team members; review and monitor health of portfolio accounts, drive customer retention and performance against expectations
• Proactively anticipate issues, draw parallels from other accounts to own account; resolve problem accounts in partnership with other teams and specialists
• Review and approve annual reviews and both material and non-material modifications
• Facilitate and leads quarterly portfolio reviews; prepare watch and criticized reports for quarterly meetings & annual reviews
• Review past due reporting, covenants, and payments and remediate with the appropriate party
• Ensure portfolio data is accurate, timely, and complete to ensure strong quality and reporting capabilities
• Build relationships across function and business to foster collaboration between partner groups
• Interact directly with customers to cultivate strong relationships while balancing risk and return
• Consult with legal or Special Assets Department
• Mentor and train rotational analysts and new hires
• Participate in internal initiatives to ensure the business is well-managed and operates efficiently
• Ensure compliance with credit policies and procedures

Benefits

• Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being.
• Learn more at the Capital One Careers website .
• Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level