Senior Portfolio Manager-Energy

First Citizens Bank • Santa Monica, CA

1d • Hybrid

About The Position

The Vice President - Sr Portfolio Manager - Project Finance will lead regular construction fundings and manage operating projects within the Project Finance portfolio, execution of routine deal modification credit requests, Credit monitoring of assigned deals, control functions associated with Portfolio Management with a view to identifying potential credit issues early while also maintaining and growing the client relationship, and serving in the role as Administrative Agent on deals. In this role, you will have ownership of your own deal relationships and will act as a mentor to junior deal team members. First Citizens offer you the strength and stability of a diversified financial institution with a 125-year tradition of service and the personalized approach of a nimble financial partner. First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 550 branches in 23 states and commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets.

Requirements

• Bachelor's Degree and 6 years of experience in Credit Analysis and Credit Underwriting OR High School Diploma or GED and 10 years of experience in Credit Analysis and Credit Underwriting
• Experience in project finance financial modeling, presentations, and drafting underwriting/investment memoranda and credit documentation, reviewing contracts and project materials, and bank operational processes
• Experience negotiating deal legal documentation
• Strong attention to detail in both qualitative and quantitative work
• Strong, proactive oral and written communication skills
• Demonstrated ability to work remotely effectively and manage/prioritize multiple streams of workflow simultaneously
• Collaborative team player willing to receive direction and/or provide support across levels. Able to work both independently and also in close collaboration with others

Nice To Haves

• Bachelors Business, Finance, Economics, Engineering
• 5 years of Project Finance, Energy Finance within the commercial or investment banking, tax equity, investing, development or buy-side
• Portfolio Management, Asset Management, Investment, Credit Analysis, Underwriting OR Originations
• Completion of a formal credit training program preferred

Responsibilities

• Supporting the portfolio management team, including leading monthly diligence and draws on construction loans, leading all work on amendment and waiver requests, leading deal upsizes and extensions for existing deals, and assisting in preparing for and responding to internal and external audits.
• Acting as Administrative Agent on a number of deals, coordinating communication of construction fundings, deal modifications, and monitoring between the Borrower, Lenders’ Legal Counsel, Syndicate Banks, and back-office functions. Perform Agent duties that require active communication with the various external parties, attend meetings and conference calls with Lenders and clients, and act as point person for Syndicate banks.
• Proactively manage all aspects of regular construction fundings, which require high-touch work with legal counsel, Borrowers, and syndicate bank groups in order to close deal fundings on a regular basis.
• Leading diligence, structuring, and analysis of deal modification requests by demonstrating a good sense of the request with attention to credit quality and risk mitigation. Manage the approval process for lending commitments, amendments, waivers, and consents, including making recommendations to Credit Executives and assuring that client timeframes and relationship are attended to.
• Perform financial modeling to review and analyze projections for construction fundings and deal modifications; interpret model results and create summaries to be used in internal and external documents.
• Continuously monitor the ongoing performance of the portfolio of borrowers and track covenant compliance with a view to identifying deteriorating situations early.
• Help preparation for quarterly and annual reviews of loan portfolio, maintain borrower monthly/quarterly/annual reporting requirements, internal credit procedures are kept current, and other ad hoc projects are successfully completed. Present deals to credit committees for review as appropriate.
• Maintain borrower credit files, financial files, legal documents, and other relevant information in an organized and timely manner.
• Interact and coordinate administrative matters with other internal departments (i.e. Loan Boarding, Operations, Agency, Liquidity Management, Syndications, and others).
• Ensure compliance with all Know Your Customer (“KYC”) and other banking regulations.
• Prepare white papers on assigned industry segments, as requested.
• Perform internal reporting duties and control administrative and operational matters cooperating with back office.
• Actively participate in client calling initiatives related to portfolio relationships, working with Relationship Managers and Product Partners as well as conducts periodic independent site visits to assess management, business conditions, and build rapport with existing clients.
• Mentors junior professionals.
• General assistance, as directed, with the growth of the business, including research into new potential business areas and financial structures, attendance and representation at industry events, and other related special projects.

Benefits

• Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Associate degree