What are the responsibilities and job description for the Project Finance Portfolio Management Associate (North America) position at SMBC Group?
The anticipated salary range for this role is between $150,000.00 and $200,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Role Description
Overview
SMBC's Global Structured Finance Department is looking for an Associate to join its Project Finance North America Team (the “Team”) of Portfolio Monitoring and Planning Group.
The Team is responsible for managing all aspects of North American project finance portfolio. The portfolio consists of power, energy, PPP / PFI and other infrastructure transactions in North America. The role entails performing credit monitoring / control / administration of a portfolio of borrowers with a view to identifying potential credit issues preemptively. In addition, a significant portion of the role involves analyzing amendment / consent / waiver requests, evaluating the credit impact of the requests and any mitigants, and preparing applications with recommended actions for credit approval.
Role Objectives : Delivery
- Responsible for effective credit and risk management, with emphasis on adherence to credit policy and requirements, financial analysis / modeling, risk evaluation, on-going portfolio maintenance activities, and as needed client support.
- Oversee the overall credit worthiness of an assigned portfolio of obligors and their ability to meet their financial obligations for traditional credit-based products. Continuously monitor the portfolio with a view to identifying deteriorating situations early.
- Responsible for monitoring and reporting on the portfolio quality against established criteria and recommending adjustments to grading of existing credit facilities, as appropriate.
- Prepare periodic reviews for the borrowers in the assigned portfolio.
- Work with borrowers, legal counsels, independent engineers and other consultants as necessary to structure and manage consent processes (including but not limited to waivers and amendments of financing documents, etc.).
- Analyze and, if appropriate, seek credit approval for amendment and consent requests from borrowers. In preparing applications for credit approval, the Associate must have a good understanding of the request, the impact of the proposed consent on the credit risk of the borrower / transaction, any mitigants to the increased risk and the justification for approval of the request.
Qualifications and Skills
Salary : $150,000 - $200,000
