Sustainable Finance Underwriter II

2 weeks ago


Pasadena, California, United States Amalgamated Bank Full time

Position Overview:

The Climate Finance Underwriter II plays a crucial role in providing underwriting expertise within the renewable energy sector. This position focuses on various financing avenues, including project finance, long-term debt, and tax equity bridge financing. Collaborating closely with the origination team, clients, and credit risk management, the Underwriter is tasked with structuring transactions, analyzing financial reports, modeling cash flows, conducting thorough due diligence, evaluating credit risk, and preparing comprehensive deal presentations.

Key Responsibilities:

  • Collaborate with the Relationship Manager to engage with potential clients, assessing their financing requirements and devising suitable loan structures that align with both client needs and the bank's criteria.
  • Lead discussions during the due diligence phase and create indicative term sheets and pre-screen presentations.
  • Analyze and/or develop financial models to assess project cash flow viability and perform sensitivity analyses.
  • Draft detailed credit memorandums that articulate the rationale and provide in-depth evaluations of new credit applications, assisting in the presentation to the credit committee.
  • Act as a liaison with external parties throughout the due diligence and loan documentation phases, including legal counsel and independent evaluators.
  • Review loan documentation and support the loan closing process.
  • Ensure compliance with conditions precedent for disbursements, coordinating with legal and loan servicing teams to facilitate fund draws.
  • Participate in the annual review process, recommending appropriate risk ratings in line with credit policy guidelines.
  • Monitor ongoing compliance with financial covenants and reporting obligations.
  • Maintain a strong understanding of the bank's lending policies and procedures, identifying any deviations from credit policy.
  • Perform additional duties as assigned.

Qualifications:

  • Bachelor's degree in accounting, finance, or a related discipline with a strong academic record; MBA is preferred.
  • A minimum of two years of experience in commercial solar energy lending, project finance, or tax equity investing.
  • Formal credit training and at least three years of underwriting and account management experience in a commercial banking environment.
  • A commitment to supporting socially responsible organizations.
  • Advanced proficiency in MS Excel, including financial analysis and modeling, with a solid understanding of financial statements and ratios.
  • Excellent verbal, written, and interpersonal communication skills.
  • Strong organizational abilities, capable of working independently while being detail-oriented.
  • Ability to collaborate effectively within a team, adapt to various work situations, and maintain composure under pressure.
  • Proficient in managing multiple transactions simultaneously and prioritizing tasks to meet deadlines.

Compensation:

The starting base salary for this role is competitive and based on various factors, including experience and market conditions.

Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, welcoming applicants from diverse backgrounds.



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