U.S. Bank Senior Credit Officer, Renewable Energy Investments in Providence, Rhode Island
At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.
U.S. Bancorp, with nearly 70,000 employees, is the parent company of U.S. Bank National Association, the fifth-largest bank in the United States. Customers across the country and around the world as a trusted and responsible financial partner. This commitment continues to earn a spot on the Ethisphere Institute’s World’s Most Ethical Companies list, and puts U.S. Bank in the top 5% of global companies assessed on the CDP “A” List for climate change action.
Be a part of transformational change where integrity matters, success inspires, and great teams collaborate and innovate. We’re one of the country's most respected, innovative, ethical, and successful financial institutions. We’re looking for people who want more than just a job – they want to make a difference.
This SCO (Senior Credit Officer) executive is responsible for reviewing and approving Renewal Energy Tax Credit deals as well as associated debt transactions. The SCO will assist in the underwriting, structuring, negotiation and closing of equity and debt investments that the utilize Renewable Energy Tax Credits (RETC). They will report to the Executive Credit Officer for Community Development Corporation (CDC) and Commercial Real Estate (CRE). This leadership role is a critical partner to US Bancorp Community Development Corporations’ Management Team, and they will be responsible for influencing and implementing policies and procedures that ensure the ongoing success of the business line. The role will be an individual contributor, growing into a larger credit approval role in the CDC.
Bachelor's degree, or equivalent work experience
15 or more years of experience in an applicable risk management environment
3+ years of underwriting or credit management experience in the RETC sector
Demonstrated results in designing, delivering, and sustaining major enterprise-wide initiatives
Extensive project finance background with an Understanding of Tax Credit programs, their risks relevant to US Bank and how to effectively mitigate risks; Proficiency in transacting in non-recourse project finance debt products including tax equity and debt; Specific ability to underwrite non-recourse lending products; Ability to apply knowledge to new business opportunities (e.g. new tax credit programs, new asset classes) to address relevant risks and benefits.
10+ years of experience in Energy/Power sector, with specific CRE experience
Credit risk management experience in the RETC space, including debt and equity products
Demonstrated ability to effectively lead, coordinate, and manage process
Familiarity and comfort with the relevant terms of other sources of financing that are commonly used in connection with these transactions and how to balance needs of the financing providers with overall financing constraints
Ability to conceptualize and structure complicated transactions that rely on knowledge of tax law, accounting practices, financing tools and underlying real estate and/or operating business
Ability to read and negotiate complex legal documents
Ability to interact well with other parties, in person and by phone and email, to effectively communicate and resolve issues verbally and in writing and maintain strong relationships
Ability to work effectively in a field and work environment that is dynamic and evolving
Ability to analyze complex financial models for accuracy, programmatic compliance, credit risk and accounting principles
Ability to manage the approval process and closing process with many internal and external parties.
Ability to influence senior level leadership
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 (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .
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Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) poster.
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Salary range reflected is an estimate of base pay and is for the primary location. Base pay range may vary if an offer is made for work in a different location. Pay Range: $194,650.00 - $229,000.00 - $251,900.00
Due to legal requirements, U.S. Bank requires that the successful candidate hired for some positions be fully-vaccinated for COVID-19, absent being granted an accommodation due to a medical condition, pregnancy, or sincerely held religious belief or other legally required exemption. For these positions, as part of the conditional offer of employment, the successful candidate will be asked to provide proof of vaccination or approval for an accommodation or exemption upon hire.
U.S. Bank will consider qualified applicants with criminal histories in a manner consistent with the San Francisco Fair Chance Ordinance.
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.