Environmental Finance - Assistant Director Asset Management

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Job Description

U.S. Bancorp Impact Finance is currently seeking a candidate to join our growing team of environmental finance professionals as an Assistant Director of Asset Management (ADAM). The ADAM’s responsibilities include leading a team of Asset Managers (AMs) who manage portfolios of complex renewable energy investments (predominantly for solar, wind, and battery storage systems) in accordance with credit standards, adhering to required policies and procedures, to ensure delivery of benefits while also managing the expectations of customers, both Syndications Investors and Sponsors, furthering USBIF’s relationships.  AM responsibilities include forecasting equity fundings and credit delivery, monitoring project construction and development milestones, analyzing project performance, and continually monitoring risk profile of investments. Additionally, AMs underwrite and execute post-close deal amendments, modifications, and restructures. The ADAM is responsible for managing the AMs on their team to balance 1) workflow capacity while maintaining credit policy standards and compliance requirements, 2) the customer experience, and 3) work-life balance for the team.

Job Responsibilities:

• Train, mentor, and be an ongoing resource to AMs ensuring that portfolio risk monitoring and the workout and restructuring of troubled assets is done in accordance with credit standards.  

• Coach AMs to maintain a balanced approach to timely identifying issues, problem solving, and managing risk.
• Review and approve funding packages for the team, ensuring all funding obligations are met prior to equity contributions.
• Review, provide constructive feedback, and approve credit actions for the team, ensuring credit quality is maintained through deal amendments, modifications, and restructures.
• Coach and develop AM staff in support of achieving their individual business goals, including short-term personal goals and long-term career paths.
• Maintain a culture of inclusion where all people and perspectives are valued and leveraged; recognize and reward contributions and accomplishments.
• Build and maintain a sense of team culture and teamwork within the group. Transparently share information and provide context for management and strategic decisions.
• Organize and lead meetings (internal group meetings, process improvements, feedback sessions, training, and knowledge sharing).
• Work collaboratively with the AM leadership team on staff assessments, consistency in talent management practices, planning, developing training resources and identifying opportunities to enhance the employee experience.
• Actively work to improve processes, leverage best practices, increase efficiencies, and coordinate across other functional departments to enhance the customer experience.
• Responsible for keeping current on credit policies, products, and services.
• Ensure team compliance with the U.S. Bank Code of Ethics and all Anti-Money Laundering, Bank Secrecy Acts, information security and suspicious activity reporting requirements, policies, and procedures. Actively participates in any required corporate and business line training.
• Responsible for Special Projects as assigned by the Director of Asset Management. Should demonstrate commitment to stretch in current role by seeking out new challenges and learning opportunities.
• A team player who leads by example, promoting learning and mentorship with excellent interpersonal and teamwork skills.
• Able to manage a staff working on multiple transactions at different stages concurrently while in different locations across the country.
• Read and negotiate complex legal documents and work effectively with attorneys.
• Navigate internally to problem solve and find answers or paths forward when one is not readily clear.
• Attends industry events, conferences, and client events.

Required Qualifications:

• Bachelor's degree in finance, energy, or related field
• Seven to ten years of experience in renewable energy, tax credit equity, project finance, or commercial lending.
• Expertise with investor risk mitigati