Infrastructure Finance – Tax Equity Project Manager

Role Overview

• Lead or support in the preparation of high-quality underwriting packages for proposed equity investments, describing the strengths, weaknesses, risks, and mitigating factors related to a transaction.
• Manage or support in the management of third party professionals, including attorneys, accountants, consultants, and engineers.
• Lead or support in the resolution of project issues that may arise and provide value-added solutions by proactively identifying uncertainties and grey-area situations and taking well-reasoned and well-mitigated risk. Communicate the Bank’s position to customers, and advocate on behalf of Sponsors with Credit and management.
• Coordinate with internal parties to facilitate the underwriting, credit approval, execution of new investment requests, and investment closings.
• Support the Project Management team in closing new transactions in accordance with bank policies while furthering the Bank’s customer relationships.
• Review complex legal documents related to structured investment arrangements, as well as all necessary third-party reports supporting financing requests; collaborate with teammates and other project managers to mitigate risks on behalf of USBIF.
• Review and analyze financial models to identify and address underwriting, cash flow, and accounting risks.
• Participate in special projects, including the maintenance and revision of internal policies and procedures.

Requirements

• Typically Bachelor's degree and six or more years of related experience OR
• MBA/JD with three or more years of directly related experience
• Thorough understanding of tax equity investments, including transaction structures, legal documentation, underwriting considerations, and relevant regulatory requirements.
• Knowledge of financial modeling techniques and analysis of pro forma financial statements.
• Proven credit underwriting and financial analysis skills, including cash flow analysis experience with complex, structured transactions, due diligence proficiency and detail orientation.
• 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 power agreements and derivative instruments.
• Ability to review and synthesize a large quantity of deal-related documentation and materials, including third-party reports, loan/investment documents, and other legal documents to produce a clear and concise underwriting package. Ability to identify key issues and concerns, manage timelines, and solve problems using creativity and innovation.
• Familiarity with standard banking processes and procedures, including managing to credit policies and procedures and navigating credit approval processes.
• 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 strong communication skills, both oral and written.
• Highly motivated self-starter who has a keen attention to detail, growth mindset, and ability to be work effectively during periods of unpredictability.
• Ability to work independently as well as collaboratively in a team environment.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law