Clean Energy Finance – Analyst, Portfolio Management

Citi • New York, NY

23h • $110,000 - $125,000 • Onsite

About The Position

Citi’s Clean Energy Finance (CEF) team is hiring a full-time Portfolio Management Analyst to help oversee and track renewable energy loans, leases, warehouse facilities, and tax equity positions held and managed on Citi’s balance sheet. The analyst will join the in-business portfolio management team, work closely with the Group Head and other CEF team members, and coordinate with stakeholders across Citi, including Banking, Legal, Risk, Accounting Policy, Finance, Group Tax, and Technology.

The portfolio includes tax equity investments in utility-scale wind and solar projects, investments in distributed generation and residential rooftop solar PV systems, and related debt facilities and loans. The role encompasses post-close portfolio monitoring and administration, portfolio-level performance and reporting, risk management, audit support, and assistance with transaction execution and funding. It offers client interaction and on-the-job learning opportunities.

CEF provides customized financing solutions to clients in clean energy and energy efficiency, including hybrid tax equity financing. Its work covers a range of renewable energy and sustainable technologies and includes helping clients monetize clean energy tax credits through transfers and helping corporate clients optimize tax liabilities through the purchase of tax credits.

Requirements

• 1 to 3 years of relevant experience working with energy or tax equity investments.
• Understanding of PTC and ITC federal tax incentive programs.
• Understanding of HLBV accounting and partnership and lease structures.
• Great attention to detail.
• Ability to work independently and cohesively within a team.

Nice To Haves

• Prior knowledge of partnership and tax accounting.
• Experience with tax equity models.

Responsibilities

• Maintain and update transaction models and monitor transactions, including tax benefit recognition, yields, returns, performance, P&L under HLBV accounting, and expected flip dates.
• Coordinate amendments, consents, and waivers; interact with financial controllers, client asset managers, and deal counsel on post-close term negotiations.
• Collect and review tax filings and coordinate responses to IRS audits and other post-close matters.
• Oversee ongoing payments to third parties, including counsel, auditors, and consultants.
• Monitor portfolio metrics and performance; track and forecast portfolio-level P&L; prepare monthly and quarterly portfolio reports; and monitor compliance with portfolio limits.
• Evaluate positions for potential sale or modification and prepare forecasts of P&L, tax credits, and GAAP balances for internal control functions and senior management.
• Assist with regulatory and enterprise-level reporting, league table reporting, sustainability-goal compliance, legal entity management, SPE validations, and regulatory reviews.
• Track accounts receivable, delinquencies, and loss rates; assist with asset sales, sell-downs, workouts, and restructurings; identify potential problems and help mitigate risks.
• Assist Independent Risk with risk analyses, impairment reviews, and other periodic reviews.
• Help the Head Portfolio Manager and Group Head respond to audit and information requests from the third line of defense and bank regulators.
• Assist with transaction execution, booking, and other pre-close activities and funding.
• Partner with transaction execution teams, financial controllers, the tax department, Citi Risk Management teams, outside consultants, and engineers to manage consent, waiver, and other ad hoc requests from client and sponsor asset managers while balancing client needs with Citi’s risk appetite.

Benefits

• Medical, dental, and vision coverage.
• 401(k).
• Life, accident, and disability insurance.
• Wellness programs.
• Paid time off, including planned vacation, unplanned sick leave, and paid holidays.
• Eligible employees may receive discretionary and formulaic incentive and retention awards.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed