Infrastructure Project Finance - Underwriter/Project Manager

U.S. Bank • New York, NY

3d • Hybrid

About The Position

U.S. Bancorp Impact Finance is seeking a Project Manager Associate (PMA) or Project Manager to join its environmental finance team. The role focuses on managing customer relationships and risk, and underwriting and executing amendments and modifications. It also supports the underwriting, structuring, negotiation, and closing of complex renewable energy loans and related products, predominantly involving solar, wind, and battery storage systems.

The position monitors construction and development milestones, project performance, and transaction risk, and prepares underwriting packages for amendments, modifications, restructures, and proposed debt financings. The role works with customers, sponsors, internal credit and management teams, and third-party professionals to address project issues, coordinate approvals, review legal documents and reports, and close or manage transactions in accordance with bank policies. It also includes analyzing financial models and risks, contributing to internal policy and procedure projects, and following applicable ethics, anti-money-laundering, Bank Secrecy Act, information security, account-opening, and suspicious-activity procedures.

The role has a hybrid/flexible schedule, with an in-office expectation of three or more days per week and flexibility to work outside the office on other days. The stated pay range is $132,260 to $155,600, with the actual range potentially varying by location. U.S. Bank also offers benefits and incentive programs subject to eligibility requirements.

Requirements

• Typically, a bachelor's degree and six or more years of related experience, or an MBA/JD and three or more years of directly related experience.
• Knowledge of financial modeling techniques and analysis of pro forma financial statements.
• Proven credit underwriting and financial analysis skills, including cash flow analysis for complex structured transactions.
• Due diligence proficiency and attention to detail.
• Understanding of complex project finance transactions, loan documentation, and deal structure mechanics.
• Ability to review and synthesize large quantities of deal documentation and materials, including third-party reports and loan, investment, and other legal documents, into clear and concise underwriting packages.
• Ability to identify key issues and concerns, manage timelines, and solve problems creatively.
• Familiarity with standard banking processes and procedures, credit policies, and credit approval processes.
• Strong time-management skills and ability to manage client timelines and needs.
• Ability to identify obstacles and manage expectations internally and externally.
• Effective listening and strong oral and written communication skills.
• Self-motivation, attention to detail, a growth mindset, and comfort working amid unpredictability.
• Ability to work independently and collaboratively in a team environment.

Nice To Haves

• Knowledge of critical aspects of renewable energy project underwriting, including equipment and performance review.
• Baseline understanding of U.S. energy markets, regulatory structures, physical and synthetic power agreements, and derivative instruments.

Responsibilities

• Monitor project construction and development milestones, analyze project performance, and continuously monitor debt transaction risk in compliance with banking regulations and internal procedures.
• Prepare underwriting packages for post-closing amendments, modifications, and restructures, describing transaction strengths, weaknesses, risks, and mitigants.
• Assist with underwriting packages for proposed debt financings.
• Manage project issues, develop value-added solutions, and proactively identify uncertainties and grey-area situations to take well-reasoned, mitigated risks.
• Explain the Bank’s position to customers and advocate for sponsors with Credit and management.
• Assist in managing third-party professionals, including attorneys, accountants, consultants, and engineers.
• Coordinate with internal parties on underwriting, credit approval, portfolio management, and new loan requests.
• Support the Project Management team in closing new transactions and managing existing transactions in accordance with bank policies and customer relationship objectives.
• Review complex legal documents and third-party reports related to structured credit and financing requests, working with teammates to mitigate risks.
• Review and analyze financial models and identify underwriting, cash flow, and accounting risks.
• Participate in special projects, including maintaining and revising internal policies and procedures.
• Comply with the U.S. Bank Code of Ethics and applicable anti-money-laundering, Bank Secrecy Act, information security, account-opening, and suspicious-activity referral procedures.

Benefits

• Healthcare, including medical, dental, and vision coverage.
• Basic term and optional term life insurance.
• Short-term and long-term disability insurance.
• 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 hours worked, up to 80 hours per calendar year unless otherwise provided by law.
• Incentive and recognition programs.
• Equity stock purchase program.
• Pension, subject to eligibility requirements.

What This Job Offers

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