Executive Director, Corporate Bank Portfolio Manager - Renewables

Wells Fargo Bank•Charlotte, NC

29d•$159,000 - $305,000

About The Position

About this role: Wells Fargo is seeking an Executive Director-level Portfolio Manager for Wells Fargo Corporate & Investment Banking Renewables team. The Renewables Portfolio Management is part of the Power, Utilities & Renewables sector within the broader Energy & Power group. The position will report to the Head of Portfolio Management – Energy & Power and be responsible for the execution of credit related functions and portfolio oversight on a portfolio of private and public companies. Underwriting and portfolio management of energy transition project finance structures is a critical component to this senior role. The Corporate & Investment Bank (CIB) delivers a comprehensive suite of banking, capital markets and advisory solutions, including a full complement of sales, trading and research capabilities, to corporate, government and institutional clients. We focus on our clients' overall financial needs, with consideration and respect for their total relationship with Wells Fargo. Wells Fargo’s growing Renewables business is an integral part of the Power, Utilities & Renewables (“PUR”) group, providing financing, capital markets and advisory services to corporate clients. Our coverage universe includes renewable developers, independent power producers, infrastructure / private equity funds and utilities globally. In this role, you will:

Requirements

7+ years of Experience in CIB Portfolio Management, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Nice To Haves

A BS/BA degree or higher
4+ years of experience in deal execution or portfolio management in renewables project finance, energy transition or tax equity sectors
Strong analytical skills with high attention to detail and accuracy
Strong accounting skills and ability to analyze financial statements
Excellent verbal, written, and interpersonal communication skills
High level of initiative and accountability
Strong Excel skills and intermediate Microsoft Office Word, and PowerPoint skills
Experience in assessing and modifying project finance models
Knowledge of project finance credit agreements and structures
Knowledge and understanding of corporate banking credits, cash flow analysis, and underwriting guidelines
Ability to multitask and work on several assignments, time management and prioritization skills

Responsibilities

Manage and oversee credit aspects of a broad portfolio of sponsor-owned portfolio or public companies across the Energy Transition / Renewables sector
Detailed credit, financial statement analysis, industry analysis and projection modeling to ensure accurate and timely and accurate monitoring, accurate risk ratings, covenant compliance, watchlist updates, recognition of potential problems loans of leveraged credit portfolio
Provide high touch portfolio monitoring, trending & analytics and aggregate reporting.
Provide and present portfolio updates as needed to senior leadership, risk management and coverage partners.
Lead coordination and execution of loan booking, closing, legal documentation and compliance requirements
Partner with Renewables Asset Finance team, Corporate Banking Relationship Management and Industry Bankers to support client coverage needs related to credit products.
Lead credit analysis support and execution to grow relationships through products such as rates/fx/operating exposure for cash management.
Engage with clients as needed.
Assist with coordination and preparation for borrower/portfolio reviews and responses for internal and external exams
Deliver solutions that are long term, large scale, and require vision, creativity, innovation, advanced analytical and inductive thinking, and coordination of highly complex activities and guidance to others
Oversee the technical due diligence, complex financial modeling, and credit analysis performed by junior team members
Ensure that all credit and risk monitoring is adequately performed and that internal reporting requirements are adequately and timely completed
Provide guidance to the team for the preparation of comprehensive credit screens and analyses in line with the bank’s existing credit policies and procedures, highlighting counterparty risks, contractual risks, and structural risks.
Finalize recommendations for internal risk ratings
Provide ongoing market intelligence to the team as to the Renewable sector and its main participants.
Occasionally assign projects to junior team members to cultivate and deepen the team’s collective knowledge
Involved with managing, mentoring and training junior team members.
Collaborate and consult with peers, colleagues, managers, and develop a relationship with internal partners, including product groups, risk and operations, and Renewable Energy & Environmental Finance to achieve goals