Infrastructure Project Finance - Underwriter/Project Manager

U.S. Bank•New York, NY

4d•$132,260 - $155,600•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 identifying and mitigating risk, managing customer relationships, and underwriting and executing amendments and modifications. It also assists with underwriting, structuring, negotiating, and closing complex renewable energy loans and related products, predominantly involving solar, wind, and battery storage systems. The position monitors project construction and development milestones, analyzes project performance, and monitors debt transaction risk in compliance with regulatory requirements and internal procedures. It prepares underwriting packages for amendments, modifications, and restructures, and assists with packages for proposed debt financings. The role manages project issues, develops risk-mitigating solutions, communicates the Bank’s position to customers, and advocates for sponsors with Credit and management. It coordinates with internal teams and third-party professionals, reviews legal and financial materials, and supports the underwriting, approval, closing, and ongoing management of transactions. The position also contributes to policy and procedure projects and follows the Bank’s ethics, anti-money-laundering, Bank Secrecy Act, information security, account-opening, and suspicious-activity procedures. The role offers a hybrid/flexible schedule, with an expectation to work in the office three or more days per week and flexibility to work outside the office on other days. The listed pay range is $132,260 to $155,600; the actual range may vary by role location.

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.
Comprehension of complex project finance transactions, loan documentation, and deal structure mechanics.
Ability to review and synthesize large quantities of deal-related documentation, identify key issues and concerns, manage timelines, and solve problems creatively.
Familiarity with banking processes and procedures, credit policies, and credit approval processes.
Strong time management skills and ability to manage client timelines and needs, identify obstacles, and manage expectations internally and externally.
Effective listening skills 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, including regulatory structures, physical and synthetic forms of power agreements, and derivative instruments.

Responsibilities

Monitor project construction and development milestones, analyze project performance, and continually monitor the risk profile of debt transactions in compliance with banking regulations and internal procedures.
Prepare underwriting packages for post-closing deal amendments, modifications, and restructures, describing transaction strengths, weaknesses, risks, and mitigating factors; assist with underwriting packages for proposed debt financings.
Manage project issues, identify uncertainties and grey-area situations, and provide well-reasoned, risk-mitigated solutions.
Communicate the Bank’s position to customers and advocate on behalf of sponsors with Credit and management.
Assist in managing third-party professionals, including attorneys, accountants, consultants, and engineers.
Coordinate with internal parties to facilitate underwriting, credit approval, and execution of 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 related to structured credit arrangements and third-party reports supporting financing requests; work with teammates and associates to mitigate risks.
Review and analyze financial models and identify and address 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, and information security policies and procedures; follow account-opening and suspicious-activity referral procedures.

Benefits

Medical, dental, and vision healthcare 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, 401(k) contribution, and pension, subject to eligibility requirements.