Officer, Administrative Agency, Project Finance

CoBank•Greenwood Village, CO

1d•Hybrid

About The Position

This function is accountable for providing specialized agency services in Project Finance for a syndicate of lenders on behalf of Farm Credit System banks and/or commercial banks. Specifically, Administrative Agency administers the loan facilities with the borrower under a credit agreement and depositary agreement. This includes review and execution of monthly or quarterly transfer certificates for borrowers in both construction and operation. This role applies knowledge of lending products and accepted syndication and administration practices in Project Finance.

Requirements

Bachelor's Degree required
Bachelor's degree may be substituted with four years of related experience (four years is in addition to what is minimally required for the role), or an equivalent combination of education and related experience.
5 years of experience in banking/financial services required
2 years Loan Operations, Closing, Credit or Finance required

Nice To Haves

Master's Degree in finance or accounting preferred
Prior Experience and knowledge of legal documentation, structuring and underwriting large, complex non-recourse transactions preferred.

Responsibilities

Supports Relationship Managers from an Agency perspective for an assigned portfolio of accounts and new business opportunities as capacity permits. This portfolio is inclusive of complex Project Finance transactions covering primarily renewables and thermal power.
Reviews draft loan documentation with limited oversight assessing the impact of the legal structure on ongoing Agency processes. Coordinates pre-closing legal documentation changes and revisions with Project Finance deal teams and LLP. Based on legal documentation review, provides clear communication and direction to Collateral Agent and Depositary Agent with respect to changes to the collateral package and/or adherence to the cash flow waterfall that is governed by the Depository Agreement.
Performs (monthly/quarterly) transfer certificate review, approval and processing with limited oversight. Controls conditions precedent, drawdowns, and repayments of assigned transactions.
Assists Relationship Managers and Portfolio Managers with Manager’s oversight to develop and implement marketing and account servicing plans for assigned accounts and supports RMs in developing Agency proposals for prospective accounts. On an annual basis, review/recommend/calculate Agency fee.
Perform agent duties that require active communication with internal stakeholders and external customers (borrowers, lenders and participants) on borrowing requests, annual budget reviews, and amendments/waivers/consents for Project Finance borrowers which CoBank leads. Handles customer questions and concerns related to billing, documentation and other inquiries.
Assist in coordinating and participate in all-Lender / sponsor calls if needed. Collaborate with the deal team and Capital Markets to coordinate the action of the lenders as agent in accordance with the financing agreements for amendment/waiver/consent requests.
Work to acquire expertise in Project Finance lending practices, including credit, legal, and compliance issues for both internal controls and procedures.
Assist in fine tuning the roles and responsibilities for Project Finance’s Administrative Agency function. This includes developing, implementing, and regularly reviewing (in consultation with Project Finance’s team leadership) Administrative Agency procedures, job aids and best practices.
Develop and utilize computerized spreadsheets, programs, and other automated tools for analysis, special projects, or presentations.

Benefits

Careers with a purpose
Time-Off Packages, 15 days of vacation, 10 paid sick days and 11 paid holidays
Competitive Compensation & Incentive
Hybrid work model: flexible arrangements for most positions
Benefits Packages, including Medical, Dental and Vision coverage, Disability, AD&D, and Life Insurance
Robust associate training and development with CoBank University
Tuition reimbursement for higher education up to $10k per year
Outstanding 401k: up to 6% matching and additional 3% non-elective contribution & Student Loan Match
Community Impact: United Way Angel Day, Volunteer Day and Associate Directed Contribution
Associate Resource Groups: creating a culture of respect and inclusion
Recognize a fellow associate through our GEM awards