Renewable Energy Underwriter

Climate First Bank

1d • Remote

About The Position

Climate First Bank is seeking a mission-aligned Renewable Energy Underwriter responsible for the underwriting and credit analysis of renewable energy and sustainability-focused financing, including solar, energy storage, and energy efficiency projects. This role supports mission-driven growth while ensuring strong credit quality, regulatory compliance, and adherence to internal credit policies. The ideal candidate possesses strong financial analysis expertise, coupled with knowledge of renewable energy project structures, cash flow modeling, and industry-specific risks.

Requirements

• Bachelor’s degree in finance, accounting, economics, or a related field.
• 3-7+ years of commercial credit underwriting or project finance experience.
• Strong financial statement analysis and cash flow modeling skills.
• Ability to underwrite complex commercial or project-based loans efficiently and with limited supervision.
• Strong knowledge of financial products, regulations, and underwriting best practices.
• Ability to interpret complex financial reports and business structures.
• Adopt new tools quickly and leverage technology to improve efficiency and streamline underwriting.
• Communicate with clarity, confidence, and professionalism across in-person, virtual, and written channels.
• Listen actively, respond thoughtfully, and engage effectively with stakeholders at all levels while building strong relationships and influencing sound decisions.
• Lift others up, share ideas, and bring positive energy to everything you do.
• Operate as part of a larger team and cherish opportunities to contribute to the big picture.
• Dependable, communicate clearly and always happy to lend a hand where needed.

Nice To Haves

• Preference for renewable energy, infrastructure, or solar, storage, wind, or energy efficiency financing.
• Knowledge of tax equity, PPA structures, and renewable energy incentives preferred.
• Experience working in a mission-driven or values-based financial institution strongly preferred.

Responsibilities

• Underwrite construction, term, and bridge financing for renewable energy projects including solar, storage, and energy efficiency.
• Analyze borrower and sponsor financials, tax returns, cash flow, and global debt service coverage.
• Evaluate project-level economics, including PPA and off-take agreements, incentive structures (e.g., tax credits), operating assumptions, collateral, guarantees, and overall credit structure.
• Identify and assess key project risks, including construction, technology, regulatory, counterparty, and performance risk.
• Prepare clear, well-documented credit memoranda with risk mitigation strategies.
• Ensure compliance with internal credit policy, underwriting standards, and regulatory requirements.
• Participate in credit committee discussions and respond to senior credit leadership inquiries.
• Monitor portfolio performance and support annual reviews, renewals, and covenant compliance.
• Embody a commitment to environmental, social, economic, and racial justice.
• Apply interest in our core values and pursue education related to sustainability practices.
• Pursue and demonstrate an understanding of established Bank policies, procedures, and regulations.
• Protect the organization and its customers by identifying and escalating suspicious or fraudulent activity in collaboration with appropriate teams.
• Maintain working knowledge of applicable laws, regulations, and Bank policies; complete all required compliance and IT training.

Benefits

• In addition to the base salary, this position may be eligible for an annual bonus, incentives and equity.
• 100% employer-paid health coverage for employees; employer contribution for dependents.
• Medical, Dental & Vision Insurance
• Health Savings Account (HSA)
• Free Telemedicine access via Teladoc
• 401(k) with 6% Employer Match — No Vesting Period.
• Employee Stock Options
• Exclusive Employee Banking Perks
• 0% Financing for Employee Solar Loans
• Employee Only Mortgage Product with exclusive interest rates and terms.
• 0% Financing for Eligible Electric Vehicles (EVs)
• Referral Incentives
• 2–4 Weeks of Vacation based on officer level plus additional tenure-based time.
• 64 Hours of Paid Sick Time for all full-time employees.
• Company-Paid Life Insurance
• Short- & Long-Term Disability Insurance
• Voluntary Life, Accident & Critical Illness Coverage
• Employee Assistance Program (EAP) with free counseling, legal, and financial services.

What This Job Offers

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