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Portfolio Manager I/II-Global Renewable Energy Credit

New York, New York;Charlotte, North Carolina

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

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Job Description:

The Global Renewable Energy Credit Portfolio Manager will be responsible for the ongoing credit administration, monitoring, review, and analysis for a designated portfolio of tax equity (e.g., distributed generation solar, fuel cell, EV, storage) and debt project financings originated by the Global Sustainable Finance Group. The Portfolio Manager may also be involved in the execution of tranche fundings of closed tax equity and project financetransactions.

A key element of the Portfolio Management role will be ongoing credit responsibility for a designated portfolio of tax equity, debt project and structured financings. This will include the timely preparation of periodic status reviews documents and risk rating scorecards. Additionally, the Portfolio Manager will be familiar with and adhere to the transaction management and monitoring requirements outlined in Bank of America’s Credit Policy and guidelines. The Portfolio Manager will provide timely responses to inquiries on the portfolio from senior credit and risk management team members.

In executing these duties, the Portfolio Manager will interact with Originators, Credit Underwriting, Risk Management, Engineering Support, Modelling and Legal officers as needed. The Portfolio Manager will also have significant interaction with our clients in the context of routine administration and project/financial performance discussions, as well as to address any credit or technical issues that may develop with individual transactions or projects. These interactions may include the review and negotiation of potential transaction document modifications or transaction restructurings.

Responsibilities:

• Performs periodic project performance and financial reviews of transactions.

• Prepares and writes periodic status reviews and update risk rating scorecards.

• Monitors the credit profile of key transaction counterparties (e.g. borrowers, off-takers, project sponsors and servicers).

• Ensures compliance with the terms of and reporting requirements of transaction agreements.

• Evaluates and processes project related consent requests (e.g., amendments, waivers, extensions) from clients.

• Provides timely responses to inquiries on the portfolio from senior credit and risk management team members.

Required Qualifications:

• Minimum2 + yrsof experience in banking or finance industry in corporate credit, tax equity, project finance and/or renewable energyfor PMO I. Minimum of 3+ yrs experience for PMO II.

• Ability to review, understand and interpret legal documentation of complex transactions and their impact on credit exposure.

• Ability to work efficiently and productively on multiple transactions or tasks at one time.

• Results oriented, and able to keep track of and meet deadlines.

• Ability to independently lead diligence efforts, make approval recommendations, and execute timely funding.

• ​Computer skills: proficient in Excel (Macros, VBA), Word and PowerPoint.

Desired Qualifications:

• Bachelor's Degree in Finance, Accounting or related major.

• Experience with PowerBI, Alteryx and Tableau preferred.

Skills:

• Adaptability

• Attention to Detail

• Data Collection and Entry

• Prioritization

• Recording/Organizing Information

• Analytical Thinking

• Critical Thinking

• Issue Management

• Oral Communications

• Problem Solving

• Collaboration

• Credit and Risk Assessment

• Decision Making

• Innovative Thinking

• Written Communications

Shift:

1st shift (United States of America)

Hours Per Week:

40

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Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

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