Vice President, Portfolio Management – Power & Utilities

Wells Fargo•Minneapolis, MN

1d•Onsite

About The Position

Corporate & Investment Banking (“CIB”) delivers a comprehensive suite of capital markets, banking, and financial products and services. A trusted partner to our clients, we provide corporate and transactional banking; commercial real estate lending and servicing; investment banking; equity; and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe. Wells Fargo is seeking a Vice President to support CIB Banking’s Energy & Power Portfolio Management team with a focus on Power and Utilities. The role will be responsible for leading credit underwriting, portfolio monitoring, financial analysis, risk rating assessment, and transaction execution for a portfolio of loans to investor-owned utility companies spanning regulated electric, gas, and water sub-sectors. Wells Fargo’s Power and Utilities business is an integral part of the Energy and Power group providing financing, capital markets and advisory services to investor-owned utilities and independent power producers. The group is a market-leading franchise with top-ranked positions in debt and equity capital markets and a longstanding commitment to serving clients across the North American power sector.

Requirements

5+ years of Experience in CIB Portfolio Management, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Nice To Haves

Portfolio management, credit underwriting, or risk management experience with large corporate clients
Experience covering regulated utilities or independent power producers
Familiarity with utility financial statements, regulatory frameworks, rate cases, capital expenditure programs, capital structure analysis, liquidity assessment, and rating agency methodologies
Ability to identify, evaluate, and communicate key credit risks and mitigants
History of exercising sound judgment and making timely decisions in a fast-paced and results-driven environment
Effective written and verbal communication skills, including the ability to present credit views to senior leaders, risk partners, and coverage teams
Strong analytical skills with high attention to detail and accuracy
Strong accounting skills and ability to analyze financial statements
Experience with training and developing less tenured colleagues
Experience in building partnerships, collaborating across lines of business, and effectively communicating at all levels of an organization

Responsibilities

Lead credit underwriting and ongoing monitoring for a portfolio of investment-grade and crossover-rated utility borrowers with complex capital structures and significant financing requirements
Perform detailed financial statement analysis, industry analysis and projection modeling to support underwriting recommendations, ongoing monitoring activities, and risk rating assessments
Monitor borrower performance and provide ongoing market intelligence on utility credit trends, regulatory developments, financing markets, and emerging risks affecting the Power & Utilities portfolio
Develop and defend independent credit recommendations and risk ratings before Independent Risk Management
Lead coordination and execution of loan closings ensuring satisfaction of all booking, legal documentation and compliance requirements
Review and interpret credit policies and procedures and incorporate requirements into credit analysis, risk observations, and monitoring activities
Assist with coordination and preparation for borrower and portfolio reviews, internal and external exam responses, and other portfolio governance requirements
Represent the bank in maintaining relationships with clients, including treasury and finance teams
Collaborate and consult with peers, internal partners, stakeholders, and clients
Mentor, train, and develop junior team members