U.S. Bank CDC - Renewable Energy Business Development Associate in St. Paul, Minnesota
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 DescriptionU.S. Bank is currently seeking a strong candidate to join our growing team of renewable energy finance professionals as a Business Development Associate. The candidate will assist in the marketing, acquisition and initial underwriting of loans and tax equity investments which will finance the installation of solar facilities and other renewable energy property across the country. Investments are made through U.S. Bancorp Community Development Corporation, affiliates, or subsidiaries for the purpose of accruing tax, cash, and other benefits.
The Business Development Associate is responsible for providing a broad variety of duties which would include assisting Business Development Officers in the review project investment proposals, analyzing complex cash and tax investment schedules, responding to prospect inquiries, managing the business line’s tracking of credit deliveries, and supporting various corporate and business line strategic initiatives.
ESSENTIAL FUNCTIONS: 1. Analyzes and summarizes developer-produced renewable investment proposals and models at the direction of Business Development Officers. 2. Communicates with internal partners and external customers to gather information and assists in the initial underwriting of renewable energy debt and tax equity opportunities. 3. Performs initial debt and tax equity modelling for the purpose of providing initial financing proposals. 4. Assists in the preparation of tax equity and/or debt term sheets which detail, among other things, pricing proposals, structuring considerations, conditions to funding, and the allocation of transaction risks. 5. Facilitates the transition of originated investments to other internal teams. 6. Collects information and produces bi-weekly reports related to various aspects of the renewable energy pipeline including deal prospects and credit delivery forecasting, fee estimates and expense tracking. 7. Participates in the establishment of policies, procedures and training necessary for accomplishing the group's tasks. 8. Works with internal partners in the selection and engagement of third-party professionals (attorneys, accountants, appraisers) in coordinating the drafting, collection, and review of documents and financial projections necessary to close financings. 9. On an as-needed basis, negotiates, structures, underwrites, and closes equity or debt opportunities. 10. Demonstrates fluency in credit policy and best business practices. 11. Efficiently prioritizes and completes a multitude of complex projects often on short timelines. 12. Participates in special projects as assigned.
Basic Qualifications - Bachelor's degree in finance or accounting, or equivalent work 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 - Prior analyst/underwriting experience - In-depth knowledge of renewable energy tax credit programs and structures. - Proficiency in building and running project finance models for the purpose of sizing 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 which shall include 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. - Demonstrated interest in promoting diversity in the workplace and a commitment to maximizing equitable access to the benefits of renewable energy. - 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 team members and customers. - Excellent time management skills with the ability to effectively manage client timelines and needs. Ability to identify obstacles, manage expectations, both internally and externally. - Effective listener and advanced communication skills, both oral and written. - Highly motivated self-starter who has a good attention to detail, growth mindset, and ability to be comfortable in periods of unpredictability.
U.S. Bancorp Community Development Corporation, 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. Our investments in affordable housing, economic development and renewable energy projects have a lasting social and environmental impact in communities. Visit www.usbank.com/cdc to learn more.
Our teams put equity at the center of our intentions, operations and actions. Diverse identities, backgrounds, and perspectives help to create a better workplace for everyone, should be appreciated, and should be intentionally sought out. All our employees should have access to opportunities for growth and development throughout their careers. By putting equity at the center, our organization will retain great employees who know they will be able to make meaningful contributions and to do their best work here.
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: $98,175.00 - $115,500.00 - $127,050.00
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.