Infrastructure Finance - Tax Equity Project Manager or Project Manager Associate

U.S. Bank • St. Louis, MO

3d • $111,605 - $131,300 • Hybrid

About The Position

USBIF is currently seeking a candidate to join our growing team of environmental finance professionals as either a Project Manager (PM) or Project Manager Associate (PMA). In this role, the PM or PMA will lead or support the underwriting, structuring, negotiating, and closing of complex renewable energy investments and related products (predominantly solar, wind, and battery storage systems). This role has multiple levels, open to candidates with at least 6 years minimum relevant experience, or an MBA/JD with 3 years relevant experience. The successful candidate will be hired for the level of the position that aligns with their experience.

Requirements

• Typically Bachelor's degree and six or more years of related experience OR MBA/JD with three or more years of directly related experience.
• Thorough understanding of tax equity investments, including transaction structures, legal documentation, underwriting considerations, and relevant regulatory requirements.
• Knowledge of financial modeling techniques and analysis of pro forma financial statements.
• Proven credit underwriting and financial analysis skills, including cash flow analysis experience with complex, structured transactions, due diligence proficiency and detail orientation.
• 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 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 to produce a clear and concise underwriting package.
• Ability to identify key issues and concerns, manage timelines, and solve problems 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 client timelines and needs.
• Ability to identify obstacles and manage expectations, both internally and externally.
• 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 work effectively during 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

• Lead or support in the preparation of high-quality underwriting packages for proposed equity investments, describing the strengths, weaknesses, risks, and mitigating factors related to a transaction.
• Manage or support in the management of third party professionals, including attorneys, accountants, consultants, and engineers.
• Lead or support in the resolution of project issues that may arise and provide value-added solutions by proactively identifying uncertainties and grey-area situations and taking well-reasoned and well-mitigated risk. Communicate the Bank’s position to customers, and advocate on behalf of Sponsors with Credit and management.
• Coordinate with internal parties to facilitate the underwriting, credit approval, execution of new investment requests, and investment closings.
• Support the Project Management team in closing new transactions in accordance with bank policies while furthering the Bank’s customer relationships.
• Review complex legal documents related to structured investment arrangements, as well as all necessary third-party reports supporting financing requests; collaborate with teammates and other project managers to mitigate risks on behalf of USBIF.
• Review and analyze financial models to identify and address underwriting, cash flow, and accounting risks.
• Participate in special projects, including the maintenance and revision of internal 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