Wholesale Credit Delivery Associate – Project Finance

Truist•New York, NY

6d•Onsite

About The Position

The Project Finance Credit Delivery team actively manages a portfolio of project finance debt and tax equity investments, covering most segments of the energy industry. Underwrites extensions and upsizes of existing clients in order to meet client needs while also ensuring appropriate risk/return strategies. Responsible for ongoing client dialogue, including product partner opportunity identification where appropriate. Actively manages portfolio risk through risk rating integrity, annual client reviews, watchlist management, and amendments/waivers, as well as executing compliance, audit and regulatory guidelines and reviews. The team is also responsible for early identification of emerging credit problems and industry trends in order to initiate risk mitigation actions and ensure appropriate capital allocation.

Requirements

Undergraduate degree
3 years of experience in underwriting and portfolio management.
Strong understanding of accounting, credit, financial modeling, structuring and underwriting.
Strong verbal and written communication, organizational, analytical, critical thinking and problem solving skills.
Licenses: Series 79; Series 63; SIE. (May be earned within 120 days after start date)

Nice To Haves

Undergraduate degree with coursework in accounting or finance preferred.
Experience training and mentoring Analysts.
Experience with Project Finance Debt and/or Tax Equity products.
Knowledge of renewable & thermal power generation, oil & gas pipelines, and/or Liquified Natural Gas (LNG)

Responsibilities

Manages, coordinates and executes credit event processes (underwritings, refinancings and/or amendments) within own portfolio and as needed across the team. Together with Director/VP level or Team Leader support, conducts due diligence, obtains credit approval and facilitates legal review for transactions.
Creates and utilizes analytical financial models, including financial projections, discounted cash flow analysis, leveraged buyout analysis, valuation analysis, and financial analysis of historical and projected cash flows.
Performs research and analysis on companies, industries and transactions in support of both client activities and risk mitigation strategies.
Begins to independently manage a smaller portfolio of clients with oversight from Team Leaders, primarily consisting of participations and investment-grade clients.
Achieves timely submission of annual reviews, underwritings and amendments to allow for sufficient review and decision by applicable approval authority.
Maintains active ownership and timely processing of quarterly risk ratings within own portfolio and as needed across the team.
Demonstrates leadership through the management of various projects and requests specific to assigned practice groups.
Associates will be expected to handle a smaller client load representing primarily participations and investment grade credits while supporting Director/VP level PMs in the underwriting and portfolio management of more complex transactions.
Consistently trains and mentors Analysts and Summer Interns, and is actively involved in recruiting.