Senior Credit Officer, Project Finance

Benefits OverviewA career at CoBank can offer you the opportunity to make a personal impact on the people and communities where we do business. In order to be the best, we hire the best!Benefits Offered by CoBankCareers with a purposeTime-Off Packages, 15 days of vacation, 10 paid sick days and 11 paid holidaysCompetitive Compensation & IncentiveHybrid work model: flexible arrangements for most positionsBenefits Packages, including Medical, Dental and Vision coverage, Disability, AD&D, and Life InsuranceRobust associate training and development with CoBank UniversityTuition reimbursement for higher educationOutstanding 401k: up to 6% matching and additional 3% non-elective contribution & Student Loan MatchCommunity Impact: United Way Angel Day, Volunteer Day and Associate Directed ContributionAssociate Resource Groups: creating a culture of respect and inclusionRecognize a fellow associate through our GEM awardsJob DescriptionAt CoBank, the Project Finance group is a specialized team of experienced energy finance experts with a proven record of structuring and efficiently executing custom finance solutions for owners of utility scale power generation assets in the United States. The team provides construction and term debt, revolving credit facilities, and letters of credit for projects in the solar, wind, natural gas-fired, energy storage, hydroelectric, and transmission sectors, to name a few. The Senior Credit Officer will provide analytical and marketing support to senior bankers by analyzing and sensitizing financial models, complex credit analyses, term sheets, presentation materials, and industry research, as well as through ongoing monitoring and review of the group's lending portfolio. The Senior Credit Officer will be actively involved in working with Portfolio Managers and Relationship Managers as part of deal teams.Essential FunctionsProvides leadership on negotiation strategies, due diligence and credit evaluation while being responsible for complete credit package and managing appropriate resources to meet internal and external guidelines. Provides appropriate technical, industry and functional knowledge to credit, relationship management, portfolio management, capital markets and leadership staff, including leading communications/meetings, direct interface with clients and leading overall credit process across all PF verticals and most complex debt arrangements. Helps relationship management lead negotiations concerning the presentation and development of complex credit arrangements. Takes a leadership role in managing credit administration, account servicing, approval, loan closing, documentation, and monitoring.Leads an extensive due diligence process including review of independent engineer reports, power market/environmental/insurance/transmission consultant reports, and resource studiesReviews audits, interim statements, projections, and other pertinent financial information to provide expert analysis of financial and operational trends. Acquires information from published industry reports, trade groups, customer meetings, journals, and other external sources to supplement and enhance the analysis of information provided by the borrower, agent bank and/or sponsor.Identifies strengths and weaknesses of the borrower, lending structure and evaluates specific risks to the bank. Independently analyzes and determines validity of project’s pro forma based on an assessment of the quality of cash flows, industry outlook, competition, technology, management, and financial structure. Determines appropriateness and approach to sensitivity analysis to provide alternative views on key risks associated with the proposed transaction. Provides estimates of collateral value with discounted cash flow analysis.Actively and independently monitors credit quality of high profile and complex accounts across the portfolio. Takes pro-active approach with customer interaction, compliance reporting, research and evaluation to identify emerging trends/concerns and communicates trends and credit view with Relationship Management, Portfolio Management, Capital Markets and credit leadership.Ability to establish, lead and maintain direct communication with borrower and sponsors to execute deal process, portfolio management requirements and meet compressed internal and external deadlines.Leads interaction with Credit Approvals, Asset Review and other 3rd parties to support, defend and gain consensus on underwriting and portfolio management approaches on high-profile transactions.Assists with internal research and portfolio analysis and prepares and delivers presentations on topics as assigned.Provides first level advice/assistance on procedures and work methods for others. Provides mentoring to credit and relationship management staff.Maintains expertise in project finance type transactions. Keeps abreast of industry trends and competitive environment.Identifies areas for improvement in templates, spreadsheets, programs, systems, and procedures used in credit origination process. Proposes possible solutions to problems.Volunteers and serves on cross-functional teams related to improvement and efficiency initiatives and other bank wide goals and projects.EducationBachelor's Degree in business, finance, or relevant discipline requiredMaster's Degree in Finance or related discipline preferredWork Experience5 years of relevant experience, preferably in banking, financial services industry, or energy and power industry. required3 years of Project Finance banking preferredStrong analytical and critical thinking skills, ability to synthesize large amounts of information, analyze risk and identify mitigating factors.Intermediate to advanced knowledge of financial analysis, including cash flow analysis, balance sheet analysis, profitability, liquidity, and solvency analysis.Intermediate to advanced knowledge of Generally Accepted Accounting Principles (GAAP), taxation, legal forms of organizations, and business law.Intermediate to advanced knowledge of financial modeling techniques and preparation of pro forma financial statements.Able to develop loan structuring alternatives to mitigate risk and maintain customer satisfaction.Able to perform discounted cash flow analysis, capital budgeting (internal rate of return, net present value, etc.), and equity valuation calculations.Able to quickly learn and adapt to new processes and systems. Proven ability to work independently and work well in a team-oriented environment. Demonstrates intellectual curiosity and an interest in continuous learning.Advanced ability to use spreadsheet, word processing, and database applications.Self-driven and motivated; takes personal ownership of specific assignments. Committed to developing high-end financial modeling skills and competency in the review and negotiation of project financing documentation.Excellent interpersonal, negotiation, presentation, oral and written communication skills.Demonstrates leadership ability and can provide mentorship, guidance, and training to junior colleagues on the team.Physical Exertion DetailsSedentary Exerting up to 10 pounds of force occasionally (Occasionally: activity or condition exists up to 1/3 of the time) and/or a negligible amount of force frequently (Frequently: activity or condition exists from 1/3 to 2/3 of the time) to lift, carry, push, pull, or otherwise move objects, including the human body. Sedentary work involves sitting most of the time, but may involve walking or standing for brief periods of time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.Travel Requirement DetailsOccasional Travel occurs infrequently (typically, once a month or less).About CoBankThe typical base pay range for this role is between $133,100 - $163,700. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance. The listed salary, other compensation and benefits information is accurate as of the date of this posting. This job will be posted for a minimum of five (5) business days or until the position is filled. CoBank reserves the right to adjust compensation for all positions and to modify or discontinue benefits programs at any time in its sole discretion, subject to applicable law.CoBank is a cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 76,000 farmers, ranchers and other rural borrowers in 23 states around the country. CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture, rural infrastructure and rural communities. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.REASONABLE ACCOMMODATIONWe are committed to ensuring that our online application process provides an equal employment opportunity to all applicants, including qualified individuals with disabilities. If you are an applicant with a disability, or are assisting an applicant with a disability, and require accessibility assistance or would like to request a reasonable accommodation for any aspect of the application process, including completing an application, interviewing, or otherwise participating in the employee selection process, please submit a request by emailing View email address on click.appcast.io. Include your contact information and specific details about your requested accommodation.Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time.CoBank is an Equal Opportunity Employer.All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.