Portfolio Manager, Project Finance - Power & Renewable Energy

Benefits Overview

A career at CoBank can offer you the opportunity to make a personal impact on the people and communities where we do business. In order to be the best, we hire the best!  

Remarkable Benefits Offered by CoBank

• Careers with a purpose
• Time-Off Packages, 15 days of vacation, 10 paid sick days and 11 paid holidays
• Competitive Compensation & Incentive
• Hybrid work model: flexible arrangements for most positions
• Benefits Packages, including Medical, Dental and Vision coverage, Disability, AD&D, and Life Insurance
• Robust associate training and development with CoBank University
• Tuition reimbursement for higher education up to $10k per year
• Outstanding 401k: up to 6% matching and additional 3% non-elective contribution & Student Loan Match
• Community Impact: United Way Angel Day, Volunteer Day and Associate Directed Contribution
• Associate Resource Groups: creating a culture of respect and inclusion
• Recognize a fellow associate through our GEM awards

Job Description

Supports overall relationships with key Financial Sponsors, Infrastructure Funds, and Independent Power Developers, and other non-traditional investors whose investments are concentrated in the renewable and thermal energy and electricity transmission business sectors. Manages a portfolio of complex, non-recourse loans (of various types, including, agency situations, projects under construction, operating projects, and high attention credits) to independent power projects as the primary officer, which includes coordination with the Project Finance Credit underwriting team and Sponsor's Relationship Manager. Responsibilities include, but are not limited to, review of supporting junior credit underwriting team's work, preparing and managing loan modification/amendment requests, term conversion, legal document review, reviewing and processing borrowing and disbursement requests, interfacing with customers, interfacing with internal stakeholders, including Risk, Asset Review, Credit Approvals, Capital Markets, and Loan Processing. Originates and executes new business in coordination with Relationship Managers. Responsibilities include, preparing pitch materials, initial deal screening and risk analysis, preparing pre-screening memos, performing and managing due diligence activities, industry and market analysis, preparing and/or reviewing complex cash flow project finance models, closing activities, and assisting in the execution of other financial products, such as interest rate hedging and letter of credit issuances. Collaborates closely with credit underwriting team, CoBank Credit Approvals Group, and CoBank Capital Markets to support the design, structure, and pitch for lead arranger or agency opportunities. Recommends credit decisions as appropriate. Manages the overall profitability and credit quality of a large and complex Project Finance loan portfolio. Collaborates with the business leaders in the Power, Energy and Utilities Group toward the achievement of business strategies and performance goals in accordance with the CoBank business plan. Supports the achievement of profitability and credit goals for the division through day-to-day management of account relationships.

Essential Functions

• Independently manages the day-to-day activity of an assigned portfolio of complex Project Finance transactions with a mix of agency, bilateral, and participated accounts, covering primarily renewable energy and thermal power. This includes direct customer communication, as necessary.
• Provides autonomous oversight on refinancing of existing borrowers, amendments, consents and waivers, term conversions and provides recommendations to Relationship Managers regarding any credit deviations or concerns.
• Assists Relationship Managers with communication to critical internal stakeholders, including the Division leadership, Credit, Capital Markets, Agency, Loan Closing, Operations, and Treasury/Derivative functions.
• Serves as the lead for managing multiple consultants engaged to assist in due diliengence of new or refinancing transactions, including, legal, engineering, insurance, power market, and other specialized experts.
• Leads the development and analysis of financial data and due diligence of contractual, technical, and market information for new or renewed financing arrangements. Collaborates with Project Finance Credit Analysts to guide the development and preparation of credit approval documentation for new, renewed financing arrangements and consent, waiver and amendment activities.
• Supports Relationship Managers in origination, structuring, and new business activities. Takes on primary responsibilities, as assigned, to negotiate, diligence, document, and close new Project Finance loans. These activitie