Impact Finance - Environmental Finance Asset Manager

U.S. Bank • St. Louis, MO

3d • Hybrid

About The Position

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. Job Description This role has multiple levels, open to candidates with 5+ years related experience. The successful candidate will be hired for the level of the position that aligns with their experience. The Environmental Finance Asset Manager works under limited direction of Assistant Director of Asset Management. Accountable for the ongoing performance, credit monitoring and risk mitigation of a portfolio of tax credit equity investments and loans which could include more complex investments and/or a larger portfolio. Maintains relationships with internal partners and external customers within the investments. Monitors project construction and development milestones, for purposes of compliance and monthly financial forecast preparation. Responsible for review of equity funding requests in coordination with external customers and USB counsel (if necessary). Analyze project performance to ensure adherence to programmatic compliance. Continually monitor risk profile of the investment and recommend risk rating adjustments as needed. Review and negotiate post-closing deal amendments, modifications or restructures and prepare credit memo for presentation to Assistant Director and other members of management and credit administration. Apprises manager, credit administration and other appropriate parties of ongoing asset quality performance in accordance with credit policy. Works closely with Environmental Finance Production and Syndications teams to focus on collaboration and meeting customer expectations.

Requirements

• Typically Bachelor's degree, or equivalent work experience
• Typically five or more years of related experience

Nice To Haves

• Proven credit management, underwriting and financial analysis skills, including cash flow analysis experience with complex, structured transactions, due diligence proficiency and detail orientation.
• Knowledge of financial modeling techniques and analysis of proforma financial statements.
• Comprehension of complex project finance transactions, loan documentation, and deal structure mechanics.
• Knowledge of critical aspects of renewable energy project management, 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 derivative instruments.
• Ability to review and synthesize a large quantity of deal related documentation and materials, including third party reports, loan/investment documents, and other legal documents. Able to identify key issues and concerns, manage timelines, and problem solve using creativity and innovation.
• Familiarity with standard banking processes and procedures, including managing to credit policies and procedures and navigating credit approval processes.
• Excellent time management skills with the ability to effectively manage internal and client timelines and needs. Ability to identify obstacles and manage expectations.
• Effective listener and strong communication skills, both oral and written.
• Highly motivated self-starter who has a keen attention to detail, growth mindset, and ability to be comfortable in periods of unpredictability.
• Ability to work independently as well as collaboratively in a team environment.
• Demonstrated interest in promoting diversity in the workplace and a commitment to maximizing equitable access to the benefits of renewable energy.

Responsibilities

• Ability to analyze and evaluate operating agreements, other legal documents, and financial statements relating to investments.
• Research and resolve errors in data from financial reporting systems to protect accuracy in investment booking.
• Perform reviews of budgets, financial statements, guarantor statements, audits, tax returns and annual compliance reports to assess investment quality and risk.
• Perform monthly forecasting regarding tax credit delivery, benefits, fees and equity contributions.
• Monitor portfolio to include timely completion of quarterly risk assessments, quarterly portfolio reviews, both internal and credit approved problem credit reviews and key relationship reviews.
• Complete site inspections and/or meetings with partners as necessary to ensure program compliance and asset quality.
• Prepare underwriting packages in support of the restructuring or modification of proposed complex investments, identifying the strengths, weaknesses, risks and mitigants. Advocate for credit approval while leading a balanced discussion with Credit Administration. Uphold credit policy and underwriting guidelines and explain any deviations.
• Manage transactions in accordance with credit standards, adhering to required policies and procedures, while managing the expectations of customers and furthering USBCDC’s relationships.
• Engage third party professionals (attorneys, accountants, construction consultants) as needed to coordinate the drafting, review, and collection of documents necessary to manage the investments and mitigate any risks presented.
• Responsible for funding commitments, ensuring that conditions to funding are met or appropriately mitigated if being waived.
• Coordinate with other USBCDC and USB departments to ensure that investments are appropriately booked, construction monitored, and documented.
• Participate in the establishment of policies and procedures necessary for accomplishing the group’s tasks, and in special projects assigned.
• Responsible for verbal and written presentations to senior level management and Credit Officers to articulate investment status, workout strategies, or modifications.
• Actively ensure compliance with the U.S. Bank Code of Ethics and all Anti-Money Laundering, Bank Secrecy Act, information security and suspicious activity reporting requirements, policies and procedures.

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: 5,001-10,000 employees