Portfolio Management Associate

ING•New York, NY

1d•$130,000 - $175,000•Hybrid

About The Position

As an Associate in this team your primary responsibility will be the ongoing management of the Project Finance loan portfolio, with an emphasis on credit monitoring, analytics and internal reporting.

Requirements

Minimum of 3 years of project finance and/or energy and commodies finance experience required
BA/BS in finance/economics/accounting/management/engineering (or similar)
Strong financial and credit analysis capabilities
Strong financial modeling capabilities
Knowledge of the industry and experience with project finance structure
Excellent presentation and communication skills
Ability to thrive in a fast-paced environment with multiple competing priorities
Committed and dedicated individual
Understanding of risks associated with project finance
Knowledge of Legal Documentation
Proficient in MS Excel and Word
Case Study including writing sample and a debt modeling test
References

Nice To Haves

CFA a plus
Spanish proficiency a plus.

Responsibilities

Support the Team Lead in preparing and supporting all facets of the daily operations of the portfolio, including but not limited to:
Quarterly and annual credit reviews
Prepare quarterly Credit Risk Management (“CRM”) portfolio reviews
Process amendment and waiver requests, write or review credit modifications, submit to risk and address Q&A, follow-up on the required legal amendments to the documentation until execution
Track compliance of financial covenants and other reporting covenants such as construction/ operating reports, insurance, etc.
Assist the team in the execution of new transactions, amendments and refinancings on an as-needed basis
Prepare and maintain financial projections for portfolio names
Prepare and maintain reports as requested by regulators, rating agencies and other external parties
Maintain various department and industry databases/trackers
Maintain internal portfolio tracking metrics
Respond to ad hoc internal requests on portfolio composition and exposure
Coordinate and work with offshore portfolio support teams
Work with Sector colleagues to prepare quarterly sector updates.
Assume key role in handling internal system processing (Vantage) including GRID, FINAN, TSC, Risk Rater
Diligent and proactive credit monitoring through the review of all covenanted financial and project information (e.g. financial models, Borrower and Adviser operational / construction progress reports) as well as compliance with all regular reporting activities in line with the bank’s policy and procedures
Monitor and identify market developments and proactively manage their potential impact on the portfolio
Support Team Lead and coordinate between Portfolio Management/ Origination in order to ensure timely and accurate response to internal (CAS) and external regulatory controls and audits by providing the required insights, reports and samples and by participating in the dialogue if so requested
Stay up-to-date on organizational operating policies and procedures (i.e. Risk, Legal, etc.) to ensure appropriate protocols are implemented and followed, and facilitate accordingly
Coordinate with KYC/CDD team