Portfolio Manager III - Energy

Overview

This is a hybrid role with the expectation that time working will regularly take place inside and outside of a company office. CA

First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 550 branches in 23 states and commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $220 billion in assets.

First Citizens Energy Finance leverages its deep industry knowledge and expertise to offer comprehensive financing solutions for renewable and conventional power generation. The unit manages a large, diverse portfolio that includes investments in all asset classes across the energy sector.

ASSOCIATE PROJECT FINANCE- PORTFOLIO MANAGEMENT


The Portfolio Management Group is responsible for monitoring credit performance of First Citizens Energy Finance portfolio. The role entails assisting with regular construction fundings within the Distributed Generation Project Finance portfolio, analysis of routine deal modification credit requests, participating in occasional deal upsizes, Credit monitoring, control functions associated with Portfolio Management, and working on deals in which we serve as Administrative Agent. In this role, you will assist with the management of deal relationships and while working to preserve the credit quality of portfolio deals.


Responsibilities

• Monitor and action compliance and reporting items. Execute deal regrading and credit approvals in tracking systems.
• Supporting the portfolio management team, including assistance with monthly diligence and draws on construction loans, working on amendment and waiver requests, involvement with upsizes and extensions for existing deals, and helping respond to internal and external audits.
• Assisting on deals for which we are Administrative Agent including communication of construction fundings, deal modifications, and monitoring between internal and external stakeholders. Performing Admin Agent duties require active communication with the various external parties and acting as point person for Syndicate banks.
• Serve as liaison between syndicate banks helping disseminate information, collate and respond to questions, and tally lender votes.
• Proactively assist in all aspects of regular Distributed Generation construction fundings as directed by senior deal team members. These deals require high-touch work to close deal fundings on a regular basis.
• Assist senior team members by performing diligence and analysis of deal modification requests by demonstrating a good sense of the request with attention to credit quality and risk mitigation.
• Proactively assist with the approval process for amendments, waivers, and consents, including assuring that client timeframes and relationship are attended to.
• Perform financial modeling to review and analyze projections for construction fundings and deal modifications; accurately interpret model results and create recommendations and summaries to be used in internal and external documents.
• Continuously monitor the ongoing performance of the portfolio of borrowers and track reporting compliance with a view to identifying deteriorating situations early.
• Prepare quarterly and annual reviews of loan portfolio, maintain borrower monthly/quarterly/annual reporting requirements and other periodic deal review requests. Present deals to credit committees for review as appropriate.
• Coordinate communication for legal modifications to syndicate bank groups including questions/answers, communicating request updates, and tracking lender votes.
• Participate in ad hoc projects including periodic portfolio-wide analysis in response to market or regulatory updates.
• Maintain borrower credit files, financial files, legal documents, and other relevant information in an organized and timely manner.
• Interact with and coordinate administrative matters with other internal departments (i.e. Loan Boarding, Operations, Agency, Liquidity Management, Syndications, and others). Perform internal reporting duties and control administrative and operational matters cooperating with back office.
• Ensure compliance with all Know Your Customer ("KYC") and other banking regulations.
• Actively build rapport with existing clients, syndicate banks, legal counsel, and other parties as appropriate.

Qualifications

Bachelor's Degree and 2 years of experience in Credit Analysis, Portfolio Management OR High School Diploma or GED and 6 years of experience in Credit Analysis, Portfolio Management

Preferred:

• Bachelors Business, Finance, Economics, or Engineering
• Experience with large corporate debt, commercial or project finance loan structuring.
• Experience in project finance financial modeling, presentations, and drafting underwriting/investment memoranda and credit documentation, reviewing contracts and project materials, and bank operational processes.
• Experience in the Finance or Banking industries, preferably within Project Finance.
• Strong analytical and quantitative skills.
• Completion of a formal credit training program preferred.

Other:

• Strong ability to recognize and communicate Project Finance deal risks and mitigants.
• Demonstrated tenacity, patience, and enjoyment for problem solving.
• Ability to effectively, tactfully, and professionally communicate with internal and external stakeholders.
• Experience reviewing and analyzing Project Finance deal legal documentation.
• Strong attention to detail in both qualitative and quantitative work.
• Capacity to effectively organize and multi-task in a fast-paced environment.
• Strong, proactive, and empathetic oral and written communication skills.
• Experience and passion to work on cutting edge energy or infrastructure related financing transactions.
• Demonstrated ability to work remotely effectively and manage/prioritize multiple streams of workflow simultaneously.
• Proactive, resourceful, self-starter.
• Collaborative team player willing to receive direction and/or provide support across levels. Able to work both independently and also in close collaboration with others.
• Creative thinker.
• Empathetic team player.

The base pay for this position is generally between $105,000.00 and $120,000.00 Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at