Environmental Finance - Tax Credit Project Manager / Underwriter

USBIF is currently seeking a candidate to join our growing team of environmental finance professionals as a Project Manager (PM). The PM’s responsibilities include underwriting, structuring, negotiating, and closing of complex renewable energy investments and related products (predominantly solar, wind, and battery storage systems).

Job Responsibilities:

• Prepare high-quality underwriting packages in support of proposed equity investments, describing the strengths, weaknesses, risks, and mitigating factors related to a transaction.
• Manage third party professionals including attorneys, accountants, consultants, and engineers.
• Manage through project issues that may arise and provide value-added solutions, proactively identifying uncertainties and grey-area situations to take well-reasoned and well-mitigated risk. Articulate the Bank’s position to customers, and advocate on behalf of Sponsors with Credit and management.
• Coordinate with internal parties to facilitate the underwriting, credit approval, and execution of new investment requests, credit approval, and closing of investments.
• Review complex legal documents pertaining to structured investment arrangements as well as all necessary third-party reports to support financing requests; works with teammates and other project managers to mitigate risks on behalf of USBIF.
• Review and analyze financial models and be able to identify and address underwriting, cash flow, and accounting risks.
• Participate in special projects, including the maintenance and revision of internal policies and procedures.

Preferred Skills/Experience

• Knowledge of financial modeling techniques and analysis of proforma financial statements.
• Proven credit underwriting and financial analysis skills, including cash flow analysis experience with complex, structured transactions, due diligence proficiency and detail orientation.
• Comprehension of complex project finance transactions, legal documentation, and deal structure mechanics.
• Strong knowledge of critical aspects of renewable energy project underwriting, including equipment and performance review as well as a baseline understanding of U.S. energy markets including regulatory structures, physical and synthetic forms of power agreements and derivative instruments.
• Ability to review and synthesize a large quantity of deal related documentation and materials, including third party reports, loan/investment documents, and other legal documents to produce a clear and concise underwriting package. Able to identify key issues and concerns, manage timelines, and problem solve using creativity and innovation.
• Familiarity with standard banking processes and procedures, including managing to credit policies and procedures and navigating credit approval processes.
• Excellent time management skills with the ability to effectively manage client timelines and needs. Ability to identify obstacles and manage expectations, both internally and externally.
• Effective listener and strong communication skills, both oral and written.
• Highly motivated self-starter who has a keen attention to detail, growth mindset, and ability to be comfortable in periods of unpredictability.
• Ability to work independently as well as collaboratively in a team environment.
• Demonstrated interest in promoting diversity in the workplace and a commitment to maximizing equitable access to the benefits of renewable energy.

U.S. Bancorp Impact Finance, the tax credit and community development division of U.S. Bank, believes all people have a right to the possibilities that comes with living in a safe and vibrant community. The financing USBIF provides for affordable housing, economic development, and renewable energy projects have a lasting social and environmental impact in communities. Visit USBIF on the web to find out more at www.usbank.com/cdc.

U.S. Bancorp Community Development Corporation is now operating as U.S. Bancorp Impact Finance.  All job postings under U.S. Bancorp Impact Finance reside within the USBCDC organization. 

Location Expectations 
The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.