Infrastructure Finance - Project Finance - Project Manager Associate

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Job Description

U.S. Bancorp Impact Finance is seeking a candidate to join our growing team of infrastructure finance professionals as a Project Manager Associate (PMA). The PMA’s responsibilities include identifying and mitigating risk of a portfolio of Project Finance loans, assisting in the management of customer relationships, underwriting and executing annual reviews, amendments, and modifications. Primary responsibilities encompass the asset management of complex Project Finance loans for renewable energy, thermal, midstream, and other asset classes as well as assisting with the underwriting, structuring, negotiating, and closing of these loans.

Job Responsibilities:

• Monitor project construction and development milestones, analyze project performance, and continually monitor risk profile of debt transactions in compliance with all applicable banking regulatory requirements and internal procedures.

• Prepare high-quality underwriting packages in support of annual reviews, amendments, modifications, or restructures, describing the strengths, weaknesses, risks, and mitigating factors related to a transaction. Additionally, assist in the preparation of underwriting packages for proposed debt financings.

• 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.

• Assist in managing third party professionals including attorneys, accountants, consultants, and engineers.

• Coordinate with internal parties to facilitate the underwriting, credit approval, and execution of portfolio management and new loan requests.

• Support the Project Management team in managing existing and closing new transactions in accordance with bank policies while furthering the Bank’s customer relationships.

• Review complex legal documents pertaining to structured credit arrangements as well as all necessary third-party reports to support financing requests; works with teammates and other associates 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.

• Actively ensure compliance with the U.S. Bank Code of Ethics and all Anti‐Money Laundering, Bank Secrecy Act, and information security policies and procedures. Follow account opening procedures and internal suspicious activity referral requirements and processes.

Basic Qualifications:

• Typically Bachelor's degree and four or more years of related experience

• Or MBA/JD with no directly related experience

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, loan documentation, and deal structure mechanics.

• Knowledge of critical aspects of project finance 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.

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.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability

• Pregnancy disability and parental leave

• 401(k) and employer-funded retirement plan

• Paid vacation (from two to five weeks depending on salary grade and tenure)

• Up to 11 paid holiday opportunities

• Adoption assistance

• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $117,725.00 - $138,500.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.