Wholesale Credit Delivery Associate – Project Finance

Truist Bank • New York, NY

4d • 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. This role underwrites extensions and upsizes of existing clients to meet client needs while ensuring appropriate risk/return strategies. The position is responsible for ongoing client dialogue, including product partner opportunity identification where appropriate. It 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.
• Conducts due diligence, obtains credit approval and facilitates legal review for transactions with Director/VP level or Team Leader support.
• 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.
• Handles 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.

Benefits

• Medical
• Dental
• Vision
• Life insurance
• Disability
• Accidental death and dismemberment
• Tax-preferred savings accounts
• 401k plan
• 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment
• 10 sick days (also prorated)
• Paid holidays
• Defined benefit pension plan (potential)
• Restricted stock units (potential)
• Deferred compensation plan (potential)

What This Job Offers

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