U.S. Bank CDC - Environmental Finance Underwriter in San Francisco, California
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.
Job DescriptionEnvironmental Finance Underwriter (Project Manager) U.S. Bancorp Community Development Corporation (USBCDC), the tax credit and community development division of U.S. Bank, believes all people have a right to the possibilities that come with living in a safe and vibrant community. The financing USBCDC provides for affordable housing, economic development and renewable energy projects have a lasting social and environmental impact in communities. Visit USBCDC on the web to find out more at www.usbank.com/cdc.
USBCDC is currently seeking a candidate to join our growing team of finance professionals as a Project Manager/Underwriter (PM). The PM’s responsibilities include underwriting, structuring, negotiating and closing complex renewable energy investments and loans (predominantly for solar and wind projects) utilizing Renewable Energy Tax Credits (RETC). The PM will prepare underwriting packages for proposed transactions and present to the company’s investment committee.
Job Responsibilities: Participate in the early‐stage review of potential investments, loans, deal structures, programs, and partners.
Engage and manage third party professionals including attorneys, accountants, and engineers.
Review complex legal documents pertaining to structured investments; works with counsel and business partners to negotiate and mitigate risks on behalf of USBCDC.
Review financial projections, underwriting cash flow, accounting, and tax risks.
Coordinate with internal and external USBCDC departments to facilitate underwriting and closing of investments and loans.
Close transactions in accordance with bank policies while managing customer expectations and timelines.
Participate in special projects, including the development 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: Bachelor's degree in finance or accounting, or equivalent experience
Four or more years of experience in financial services and/or real estate activities
Three or more years of CDC experience, or comparable work experience
Preferred Skills/Experience: Five or more years of experience in financial services, renewable energy, or comparable experience
Renewable energy project finance or banking background preferred
Demonstrated interest in promoting diversity in the workplace and a commitment to maximizing equitable access to the benefits of renewable energy.
In-depth knowledge of renewable energy tax credit programs and structures.
High degree of familiarity with utilizing project finance models to underwrite debt and/or tax equity.
In-depth knowledge of construction/term project finance lending and related products.
Detailed 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 derivatives, as well as renewables-focused regional incentives.
Familiarity with critical banking processes and procedures, including credit policy review and approval.
Well-developed analytical skills which includes the ability to simplify and distill complex problems and issues.
Strong ability to develop trust and rapport with customers.
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 advanced communication skills, both oral and written.
Highly motivated self-starter who has good attention to detail, a growth mindset, and the ability to be comfortable in periods of unpredictability.
Benefits: Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.
Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting usbank.com/careers.
EEO is the Law Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal EEO is the Law 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: $105,400.00 - $124,000.00 - $136,400.00
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.