Bank of America Global Leasing is the largest U.S. equipment financing company, serving over 65,000 clients worldwide. We have $69 billion in total assets, and have a significant global presence, with nearly 1,000 associates. Together with our affiliated companies*, we provide equipment financing solutions to small businesses, middle-market and large corporations, offering product expertise in government financing and wholesale vendor financing, as well as tailored programs specific to industry segments, including aviation, healthcare, energy services and renewable energy.
*Certain products are offered through Banc of America Public Capital Corp, a wholly-owned subsidiary of Bank of America N.A.
Responsible for the administration and monitoring of tax equity and debt project finance and multi-draw structured financings in the Renewable Energy Finance (“REF”) portfolio. Such activities will include evaluating and processing project related consent requests; ensuring compliance with the terms of transaction agreements; periodic project performance review; project performance forecasting and financial statement review; approving funding advances, construction draws, and collateral eligibility; and monitoring the credit profile of key transaction counterparties (e.g. Borrowers, Servicers, Project Sponsors and Off-takers).
A key element of the Portfolio Credit Officer’s (“PCO’s”) role will be ongoing credit responsibility for a designated portfolio of tax equity and debt project and structured financings. With respect to this portfolio, the PCO will also perform the monitoring requirements outlined in Global Leasing Credit Policy and REF Guidelines. This will include the preparation of status reviews and risk rating scorecards, as well as troubled asset reports. The PCO will also assist in responding to information requests on the portfolio from senior Credit and Risk management.
In executing these duties, the PCO will interact with REF Program Management, Credit Underwriting, Engineering Support, Pricing, Legal and Contracts officers as needed. The PCO will also have significant interaction with our clients in the context of routine administration and project/financial performance discussions, as well as to address any credit or technical issues that may develop with individual transactions or projects. These interactions may include the review and negotiation of potential transaction document modifications. It is also expected that the PCO will support senior portfolio credit officers in transaction monitoring and addressing more complex transaction situations.
The position/qualification requirements are described as a Credit Officer II; however, depending upon the qualifications met by the candidate this position could be filled as a Credit Officer I.
Undergraduate degree in finance or accounting; MBA preferred. Engineering, mathematics or other technical degrees will be considered with an MBA.
Preferred Prior Work Experience:
6 to 8 years’ experience in commercial banking, leasing, or finance industry with significant credit, tax equity, and project finance experience. Exposure to renewable energy project finance would be a plus. Knowledge of energy-related industries is essential; familiarity with the renewable energy sector is a plus.
Shift:1st shift (United States of America)
Hours Per Week:40
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