Global Renewable Energy Credit Portfolio Manager

Job Description

**Job ID:** 24012543

**Global Renewable Energy Credit Portfolio Manager** **Multiple Locations**

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow, and make an impact along with the power to make a difference. Join us.

**Job Description**

The Global Renewable Energy Credit Portfolio Manager will be responsible for the ongoing credit administration, monitoring review, and analysis for a designated portfolio of tax equity (e.g., distributed generation solar, fuel cell, EV, storage) and debt project financings originated by the Global Sustainable Finance Group. The Portfolio Manager may also be involved in the execution of tranche fundings of closed tax equity and project finance transactions. The tranche funding process entails the Portfolio Manager working extensively with the client and the transaction's Originators, Credit Underwriting, Risk Management, Engineering, Technical experts (internal and external), Modelling (internal and external), Legal counsel (internal and external), Appraisers, Finance, and Tax teams as needed to ensure that all required documentation for funding are in compliance and conditions precedent are satisfied before the release of the requested funds. During the tranche funding process, the Portfolio Manager will have significant interaction with clients as well as relevant internal and external subject matter experts.

**Responsibilities**

• Ensures compliance with the terms and reporting requirements of transaction agreements.
• Evaluates and processes project-related consent requests (e.g., amendments, waivers, extensions) from clients.
• Performs periodic project performance and financial reviews of transactions.
• Prepares and writes periodic status reviews and updates risk rating scorecards.
• Monitors the credit profile of key transaction counterparties (e.g., borrowers, off-takers, project sponsors, and servicers).
• Provides timely responses to inquiries on the portfolio from senior credit and risk management team members.

**Required Qualifications**

• Minimum 4 years of experience in banking or finance industry in corporate credit, tax equity, project finance, and/or renewable energy.
• Ability to review, understand, and interpret legal documentation of complex transactions and their impact on credit exposure.
• Ability to work efficiently and productively on multiple transactions or tasks at one time.
• Results-oriented and able to keep track of and meet deadlines.
• Ability to interact effectively and build relationships with internal and external clients and partners.
• Ability to independently lead diligence efforts, make approval recommendations, and execute timely funding.
• Clear and articulate oral and written communication skills.
• Computer skills proficient in Excel, Macros, VBA, Word, and PowerPoint.

**Minimum Education Requirements** Undergraduate degree in finance, accounting, or related major.

**Skills** Financial Analysis Risk Management Account Management Credit Documentation Requirements Credit and Risk Assessment Issue Management Analytical Thinking Collaboration Critical Thinking Customer and Client Focus Excellent Writing Skills

**Shift:** 1st shift **United States of America** **Hours Per Week:** 40

**Learn more about this role here**

**Full-time** **JR 24012543** **Manages People:** No **Travel:** No

**New York pay and benefits information** **New York pay range:** $80,000 - $168,000 annualized salary offers to be determined based on experience, education, and skill set. **Discretionary incentive eligible:** This role is eligible to participate in the annual discretionary plan, where employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group, and the overall success of the Company.

**Benefits:** This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources, and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

**Street Address:** One Bryant Park, NY, New York 10036 **Additional Locations:** 620 S Tryon St, Charlotte, North Carolina, United States

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