Associate - Renewable Energy Project Finance - Hybrid

Overview

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

First Citizens Power and Renewable Energy Finance Group consistently ranks among the top banks in leading debt financings for power and renewables projects in the U.S.. In H1 2023, it was ranked #4 in US Power and Energy Project Finance by Power Finance & Risk, a top publication covering the energy project finance industry.

Responsibilities

• Analyze detailed financial models prepared by clients to evaluate lending opportunities
• Prepare debt sizing models and sensitivities
• Conduct due diligence and prepare Q&A logs for potential lending opportunities
• Review consultant reports from independent engineers, insurance consultants, appraisal, and power market consultants
• Prepare internal credit memos
• Prepare marketing materials for potential clients and lenders
• Stay up to date with industry trends and power markets
• Train junior team members on modeling and other job responsibilities

Responsibilities

• Work closely with relationship managers and senior underwriters to prepare and structure proposals for new business opportunities
• Help support the internal credit approval process with the review, preparation and presentation of credit approval materials
• Support the due diligence process to review loan documentation, third party reporting, and participate in related discussions with the sponsor/borrower
• Help coordinate closing process with capital markets, legal, treasury, middle office
• Mentor the growth and development of analyst staffm

Qualifications

Required

Bachelor's Degree and 2 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis. OR High School Diploma or GED and 6 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis.

Preferred

• Bachelor's degree required, preferably in a quantitative field
• 2 years of experience in project finance at a corporate or investment bank, renewable energy company, consulting firm, or renewables focused private equity or private credit fund.
• Outstanding financial modeling skills
• Strong written and oral communication skills, including comfort interacting with clients and consultants
• Knowledge of tax equity and debt structures used in the renewable space
• Knowledge of VBA (a plus)
• Strong attention to detail and very organized
• Strong time management skills
• Takes pride in work product
• Team-player, enjoyable to work with

If hired in New York, the base pay for this position is generally between $110,000 and $130,000. 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.

First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: https://jobs.firstcitizens.com/benefits