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.
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.
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.
- Bachelor's degree and eight or more years of related experience
- MBA/JD with five or more years of directly related 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.
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 .
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) .
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 careers.usbank.com .
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 (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) poster.
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 (https://careers.usbank.com/verification-of-eligibility-for-employment) .
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: $120,870.00 - $142,200.00 - $156,420.00
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.