Portfolio Manager, AVP - Power & Utilities

Associated Bank • Chicago, IL

3d • $95,270 - $163,320

About The Position

The Portfolio Manager, AVP - Power & Utilities supports underwriting, credit monitoring, and portfolio management for new and existing power project finance and utility relationships. The role spans the transaction lifecycle, from due diligence and credit analysis through closing and ongoing portfolio management, and involves close collaboration with clients and internal stakeholders. It contributes to maintaining credit quality, supporting client relationships, and ensuring compliance with regulatory and bank requirements.

The position is part of a collaborative team working on complex transactions in the power and utilities sector. It provides exposure to specialized project finance opportunities and collaboration with professionals in credit, relationship management, legal, and operations. Associated Bank may use AI or automated technologies to assist with organizing and analyzing applicant information, but personnel make hiring decisions and do not select or reject applicants solely based on AI output.

Requirements

• Bachelor's degree in Business, Finance, Accounting, Economics, or a related discipline, or an equivalent combination of education and experience.
• At least 3 years of commercial banking, corporate banking, commercial real estate banking, specialized banking, or credit approval experience.
• At least 3 years of experience using Microsoft Office applications, including Outlook, Excel, Word, Access, and PowerPoint.
• Ability to access reliable transportation and lawfully drive, if applicable, by the start date.

Nice To Haves

• Power project finance and utility industry experience.
• At least 2 years of experience handling complex credits and performing financial analysis.
• At least 2 years of sales experience and/or experience interacting directly with clients and business partners.
• At least 2 years of formal credit training.
• CFA designation or progress toward obtaining the designation within 3–5 years.

Responsibilities

• Analyze and underwrite new financing opportunities in power, utilities, and project finance.
• Prepare credit applications, opportunity memoranda, annual reviews, and loan amendment or modification requests.
• Conduct due diligence by reviewing financial statements, financial models, market studies, engineering reports, project contracts, and legal analyses.
• Monitor portfolio performance, including financial and operating metrics, covenant compliance, risk ratings, and reporting requirements.
• Develop and maintain financial projections and models, including cash flow, debt financing, and tax structure analyses.
• Support transactions from origination through closing, including client onboarding, KYC requirements, documentation review, funding, and closing activities.
• Partner with relationship managers, credit teams, legal partners, and operations teams to support client needs and portfolio management.
• Maintain credit files, loan documentation, portfolio tracking metrics, and other records to support sound risk management.
• Comply with applicable enterprise policies, procedures, laws, and regulations, including Bank Secrecy Act requirements.
• Report suspicious activity to Financial Intelligence, customer complaints and procedure violations to management or HR, and ethical concerns through the Ethics Hotline as needed.

Benefits

• 401(k) and pension plans.
• Paid time off to volunteer in the community.
• Diversity-focused Colleague Resource Groups.
• Competitive salaries and professional development and advancement opportunities.
• Well-being programs and incentives.
• Parental leave.
• Employee stock purchase plan.
• Military benefits.
• Personal banking, loan, investment, and insurance benefits.

What This Job Offers

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