Power and Project Finance Portfolio Manager - El Segundo, CA or Denver, CO
Location: El Segundo, California
Internal Number: 10280_062443
The Organization you will be a part of:
Zions Bancorporation is one of the nation's premier financial services companies operating as a collection of great banks under local brands and management teams in high-growth western markets. Zions Bancorporation is recognized by American Banker as one of the "Best Banks to Work For" and for having a top banking team in its list of "The Most Powerful Women in Banking." Our customers consistently vote us as the best bank in our local markets., We value our employees, and are committed to search out, recognize and create fulfilling opportunities for outstanding people within our organization, rewarding them for their contributions to our success. We recognize that banking is a "local" business, and that to be successful, we must have very strong ties to the communities we serve and strong relationships with our customers. With benefits starting on day one, 12 bank holidays, profit sharing and company-matched 401(k) contributions, Zions is dedicated to being an employer of choice in our communities. At Zions, the possibilities are endless. You bring the talent; we bring the opportunity.
The Team you will be working with:
The Power & Project Finance Group who are a specialized team of experienced industry experts with a proven record of structuring and efficiently executing custom financing solutions for owners of power generation assets and power-related infrastructure projects across the United States. The team provides construction and term debt, acquisition financing, revolving credit facilities, and letters of credit for projects in the solar, wind, natural gas-fired, energy storage, geothermal, hydroelectric, and transmission sectors. This team's deep experience is complemented by the full product suite of Zions Capital Markets, enabling the team to perform all essential roles of a syndicated project financing, including loan syndications, administrative agency services, and interest rate hedging. Typical project financing transactions range from $50 million to over $500 million.
The position we are hiring for:
We are looking for an experienced Power & Project Portfolio Manager in El Segundo, CA or Denver, CO. This role focuses on managing and servicing a portfolio of project finance loans primarily centered in the power industry (renewable energy, natural gas, electric transmission, etc.).
·Responsible for managing and servicing a portfolio of project finance loans primarily centered in the power industry (renewable energy, natural gas, electric transmission, etc.).
·Responsible for identifying key credit risks, recording and monitoring borrower covenants, ongoing account servicing (admin agency, construction draws, billing, rate setting, etc.), monitoring operating and financial performance, reassessing risk grades as necessary, preparing extensive credit reviews which requires working with complex financial models.
·The Portfolio Manager provides documentation review and closing support during the execution of new lending opportunities.
·Other responsibilities include maintaining various internal databases, handling reporting on loans such as past dues, documentation and collateral exceptions, risk grades, and portfolio profitability.
·May assist bankers on the originations team with new loan requests.
·Attends industry conferences, site visits, and other related events.
·Acts as the primary point of contact on closed loans and works directly with clients to resolve any pending issues.
·Works alongside middle office and loan operations to service our client's needs.
·Applies all applicable credit policies and procedures to the execution of the risk management process.
·Works under limited direction and independently determines & develops solutions to a variety of issues that may arise.
·Assists senior bankers with the mentoring and training of a team of associates and credit analysts.
·Ability to work independently with limited supervision.
·Other special projects as assigned.
·Requires a Bachelor's degree in Finance, Accounting, Business, Economics or related field. 8+ years of banking experience in relationship management, underwriting, and/or credit/portfolio management. Position can possibly be filled at a more senior level with increased years of experience.
·Experience in project finance, structured finance, and/or commercial real estate finance highly preferred.
·Advanced knowledge of various types of loans, credit analysis, spreading (and spreading software) and analyzing financial statements, risk analysis, loan documentation, etc.
·Advanced knowledge of banking products, services, policies, procedures, and regulations.
·Excellent credit skills in underwriting including financial statement analysis, financial modeling, and valuation.
Zions Bancorporation, N.A. is one of the nation's premier financial services companies with annual net revenue of $2.9 billion in 2021 and more than $90 billion of total assets. Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The Bank is a consistent recipient of national and state-wide customer survey awards in small and middle-market banking, as well as a leader in public finance advisory services and Small Business Administration lending, ranking as the tenth largest provider in the U.S. of the SBA’s Paycheck Protection Program loans. In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices.