Associate Renewable Energy Project Finance (New York)

Overview

First Citizens Energy Finance leverages its deep industry knowledge and expertise to offer comprehensive financing solutions for renewable and conventional power generation. The unit manages a large, diverse portfolio that includes investments in all asset classes across the energy sector. In H1 2023, the group was ranked #4 in US Power and Energy Project Finance by Power Finance & Risk, a top publication covering the energy project finance industry.

Job Summary: This position supports the Energy team through underwriting, analysis, and structuring recommendations for energy portfolios. Identifies, gathers, and reviews, financial information to determine borrower risk ratings and appropriate loan structuring. Assess and communicates risks within new and existing energy accounts. Provides service and support for both associates and clients, assisting in customer calls.

• Underwriting - Underwrites energy accounts according to applicable regulations, procedures, and guidelines. Reviews financial statements, communicates with clients or prospects, and performs analysis to recommend credit grades and appropriate loan structuring. Ensures all involved parties are updated on underwriting progress and outcome.
• Analysis - Sources, compiles, and interprets financial data to support structuring and approval of loans. Reviews industry information and comparisons, key risks and mitigants, and collateral to form a general business overview of the borrower. Utilizes results of analysis to underwrite energy loans.
• Risk Management - Identifies risks through reviews, analysis, and research of new and existing energy loans. Communicates identified risks, review schedule, and potential changes in the energy portfolio. Assists in coordinating review and renewal schedules for existing credits, facilitating ongoing risk identification and management.
• Business Support - May assist in the identification of cross-sales opportunities and servicing information. Prepares credit analysis documentation. Partners with associates and clients to determine needs and structuring of new requests, participating in client and prospect calls as needed.

Bachelor's Degree and 2 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis. OR High School Diploma or GED and 6 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis.

• 2 years of project and corporate finance experience with a focus on energy and infrastructure assets including renewables, gas-fired power plants and clean tech
• Completion of a formal credit training program