Associate - Account and Credit Management, Project Finance

BNP Paribas
New York, USA
Oct 22, 2019
Oct 23, 2019
Job Function
Credit Analysis
Industry Sector
Finance - General
Employment Type
Full Time
About BNP Paribas:

BNP Paribas Group
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 75 countries, with more than 189,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.

About BNP Paribas Corporate and Institutional Banking
Fully integrated in the BNP Paribas Group, BNP Paribas Corporate and Institutional Banking (CIB) is a leading provider of solutions to two client franchises: corporates and institutionals, and operates across EMEA (Europe Middle East Africa), APAC (Asia Pacific) and the Americas. The bank is a global leader in Debt Capital Markets and Derivatives. It is a top European house in Equity Capital Markets and it has leading franchises in Specialized Financing. In Securities Services, it is a top five House worldwide. BNP Paribas CIB strives to service the global economy by providing solutions to its clients in financing (ECM, DCM, specialized financing), flow banking (trade finance and cash management), financial advisory (M&A, project finance), global markets (interest rates, credit, foreign exchange, equity derivatives), risk management, and securities services.

Business Overview:
Power, Infrastructure and Project Finance ("PIPF") provides advisory services, arranges, structures and advances non-recourse (or limited recourse) loans for client activities including power and energy; renewables, such as wind, solar and bio-fuel; and infrastructure projects. PIPF maintains a large, diversified loan portfolio of over 70 borrowers.

The origination and execution of Project Finance transaction is done by the PIPF Origination and Execution Group which is a part of the Structured Debt Origination ("SDO") group.

PIPF Account & Credit Management Team is a part of the Credit & Portfolio Management group, and is responsible for the monitoring and proactive management of the PIPF loan portfolio in North and Latin America, after the initial closing until termination / repayment.


Portfolio and Account Management :
  • Understand and independently manage all aspects of a number of assigned Project Finance accounts, including credit, legal, and compliance issues. Assigned accounts will include several complex transactions including deals where BNPP is the Agent Bank. Deals will include, gas-fired merchant power plants, renewables, infrastructure projects, etc.
  • Prepare credit and financial analysis and complete Annual Reviews and Quarterly Watchlist / Doubtful Reports.
  • Prepare internal proposals for amendments, waivers, and other requests for deals where BNPP is a participant.
  • Perform financial modeling and run sensitivities for transactions; interpret model results and create summaries to be used in internal and external documents.
  • Handle compliance and covenant related issues, including monitoring compliance receivables for each account.
  • Proactively identify risks in the portfolio and deteriorating credits; communicate proactively with senior managers, Risk officers, Origination team members, relationship managers etc.
  • Liaise with the Bank's Restructuring team for troubled deals.
  • Help in origination and execution activities wherever appropriate.
Agency Account Management :
  • Negotiate and co-ordinate amendment and waiver requests for deals Agented by BNPP; liaise directly with borrowers, legal counsel, consultants, and Lenders.
  • Attend meetings and conference calls with Lenders and clients.
  • Update, discuss, and answer questions from participant Lenders on a daily basis.
  • Review legal documentation and manage legal due diligence process with appointed lawyers.
  • Prepare credit-focused memos for internal and external dissemination.
Other :
  • Contribute to Semi-Annual PIPF Portfolio Review, including overview of the PIPF portfolio, sector concentration, historical evolution of the portfolio, etc.
  • Respond to ad-hoc requests for reports and presentations from Risk and Management.
  • Take ownership and lead other initiatives such as industry reviews, simulations of the entire portfolio based on certain parameters etc.

Minimum Required Qualifications
  • Bachelor's degree
  • 4 plus yrs of Strong Microsoft Office skills, especially financial modelling skills in Microsoft Excel.
Preferred Qualifications:
  • MBA / CFA / CPA would be a plus
  • Good understanding of and familiarity with financial statements, accounting, corporate finance principles, debt structures, etc.
  • Familiarity with and efficiency in reading and understanding legal documentation (preferably legal documentation related to Project Finance including security agreements and project agreements).
  • Good verbal and written communication skills required (ability to present a deal structure and highlights to credit committees, senior management, and other lenders).
  • Good interpersonal skills and team spirit.
  • Ability to work reasonably long hours and meet tight deadlines.
  • Strong analytical skills, including financial and credit analysis.
  • Spanish language will be a plus.
  • Prior experience in Project Finance (or other structured finance products) would be a strong positive.
FINRA Registrations Required:
Not immediately

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.