Business Support Specialist II

3 weeks ago


Newark, United States Source One Technical Solutions Full time

Source One Technical Solutions is seeking a Business Support Specialist to support the lead analyst of solar projects in monitoring, servicing and accounting of the loan portfolio and is actively involved in decisions and recommendations to optimize portfolio performance for a major utilities company.


No sponsorships or C2C


Job Title: Business Support Specialist II (Solar) (Contractor)

The contract duration is 24 months months with a likely extension

40 hours/week, standard business hours, Mon-Fri Hybrid (mostly remote) to Newark, NJ


This position is to support the team in managing a portfolio of financed residential and non-residential solar energy projects. This role is responsible for the supporting the lead analyst in monitoring, servicing and accounting of the loan portfolio and is actively involved in decisions and recommendations to optimize portfolio performance. The position is expected to periodically provide inputs for budgets, cost recovery, income, business and operating issues, along with recommendations.


Key duties:


  • Ability to manage complex MS Excel models with an excellent understanding of lending financial concepts and ratios and skills necessary for modeling contractual and technical parameters and performing sensitivity analysis.
  • Coordinate internal risk rating analyses, other periodic portfolio evaluations and preparation of loan review reporting packages.
  • Maintain accurate Excel-based financial models to analyze loan performance and compliance, and present them in a concise and logical manner.
  • Maintain “watch list” of borrowers and loans requiring additional monitoring, coordinating with legal and technical resources as necessary.
  • Ensure borrowers’ compliance with requirements of loan document, including maintaining insurance.
  • Conduct restricted payment testing, including review of adequacy of debt service coverage ratios and reserves and compliance with loan agreement covenants.
  • Evaluate consent requests from borrowers regarding proposed actions or decisions affecting loans and determine an appropriate course of action based on financial, legal, technical, commercial, and credit considerations.
  • Support team in negotiations/documentation of loan workouts.
  • Maintain logs of financial and operational issues and their resolution, enabling more effective diligence on future projects.



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