Credit Officer, Project Finance - Power & Renewable Energy

A career at CoBank can offer you the opportunity to make a personal impact on the people and communities where we do business. In order to be the best, we hire the best!

Benefits Offered by CoBank:

• Careers with a purpose
• Time-Off Packages, 15 days of vacation, 10 paid sick days and 11 paid holidays
• Competitive Compensation & Incentive
• Hybrid work model: flexible arrangements for most positions
• Benefits Packages, including Medical, Dental and Vision coverage, Disability, AD&D, and Life Insurance
• Robust associate training and development with CoBank University
• Tuition reimbursement for higher education up to $10k per year
• Outstanding 401k: up to 6% matching and additional 3% non-elective contribution & Student Loan Match
• Community Impact: United Way Angel Day, Volunteer Day and Associate Directed Contribution
• Associate Resource Groups: creating a culture of respect and inclusion
• Recognize a fellow associate through our GEM awards

At CoBank, the Project Finance group is a specialized team of experienced energy finance experts with a proven record of structuring and efficiently executing custom finance solutions for owners of utility scale power generation assets in the United States. The team provides construction and term debt, revolving credit facilities, and letters of credit for projects in the solar, wind, natural gas-fired, energy storage, hydroelectric, and transmission sectors, to name a few.

The Credit Officer will provide analytical and marketing support to senior bankers by analyzing and sensitizing financial models, complex credit analyses, and industry research, as well as through ongoing monitoring and review of the group's lending portfolio. The Credit Officer will be actively involved in working with Portfolio Managers and Relationship Managers as part of deal teams.

• Provides key input on negotiation strategies, due diligence and credit evaluation while being responsible for complete credit package and helping manage appropriate resources to meet internal and external guidelines.
• Provides appropriate technical, industry and functional knowledge to credit, relationship management, capital markets and leadership staff, including as a key participant in communications/meetings, interface with clients and leading overall credit process for complex project finance structures. Helps relationship management on negotiations concerning the presentation and development of complex credit arrangements. Takes a lead role in managing credit administration, account servicing, loan closing, and monitoring.
• Manages an extensive due diligence process including review of independent engineer reports, power market/environmental/insurance/transmission consultant reports, and resource studies.
• Reviews audits, interim statements, projections, and other pertinent financial information to provide analysis of financial and operational trends. Acquires information from published industry reports, trade groups, journals, and other external sources to supplement and enhance the analysis of information provided by the borrower, agent bank and/or sponsor.
• Identifies strengths and weaknesses of the borrower, lending structure and evaluates specific risks to the bank. Validates project’s pro forma with thorough analysis and performs projection and sensitivity analysis to provide alternative views on key risks associated with the proposed transaction. Provides estimates of collateral value with discounted cash flow analysis.
• Actively monitors credit quality of accounts across a portfolio including higher profile and higher risk relationships. Takes pro-active approach with customer interaction, compliance reporting, research and evaluation to identify emerging trends/concerns and communicates trends and credit view with Relationship Management, Portfolio Management, and credit leadership.
• Ability to maintain direct communication with borrower and sponsors to support deal process and meet internal and external deadlines.
• Effectively communicates with Credit Approvals, Asset Review and other 3rd parties to support underwriting and portfolio management approaches on transactions.
• Assists with internal research and portfolio analysis and prepares and supports presentations on topics as assigned.
• Maintains appropriate knowledge in project finance type transactions and keeps abreast of industry trends and competitive environment for multiple project finance verticals.
• Identifies areas for improvement in templates, spreadsheets, programs, systems, and procedures used in underwriting and credit evaluation process. Proposes possible solutions to problems.
• Actively participates in special projects, cross-functional collaboration and improvement initiatives as assigned

• Bachelor's Degree required

• 5 years of credit experience in banking, financial services industry, or energy and power industry required
• 1 year of experience in project finance preferred

Additional Qualifications

• Strong analytical and critical thinking skills, ability to synthesize large amounts of information, analyze risk and identify mitigating factors.
• Intermediate to advanced knowledge of financial analysis, including cash flow analysis, balance sheet analysis, profitability, liquidity, and solvency analysis.
• Intermediate to advanced knowledge of Generally Accepted Accounting Principles (GAAP), taxation, legal forms of organizations, and business law.
• Intermediate to advanced knowledge of financial modeling techniques and preparation of pro forma financial statements.
• Able to develop loan structuring alternatives to mitigate risk and maintain customer satisfaction.
• Able to perform discounted cash flow analysis, capital budgeting (internal rate of return, net present value, etc.), and equity valuation calculations.
• Advanced ability to use spreadsheet, word processing, and database applications.
• Self-driven and motivated; takes personal ownership of specific assignments. Committed to developing high-end financial modeling skills and competency in the review and negotiation of project financing documentation.
• Ability to quickly learn and adapt to new processes and systems. Proven ability to work independently and work well in a team-oriented environment. Demonstrates intellectual curiosity and an interest in continuous learning.
• Excellent interpersonal, negotiation, presentation, oral and written communication skills.
• Demonstrates leadership ability and can provide mentorship, guidance, and training to junior colleagues on the team.

Sedentary Exerting up to 10 pounds of force occasionally (Occasionally: activity or condition exists up to 1/3 of the time) and/or a negligible amount of force frequently (Frequently: activity or condition exists from 1/3 to 2/3 of the time) to lift, carry, push, pull, or otherwise move objects, including the human body. Sedentary work involves sitting most of the time, but may involve walking or standing for brief periods of time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.

Occasional Travel occurs infrequently (typically, once a month or less).

The typical base pay range for this role is between $108,400 - $133,280. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.

The listed salary, other compensation and benefits information is accurate as of the date of this posting. This job will be posted for a minimum of five (5) business days or until the position is filled. CoBank reserves the right to adjust compensation for all positions and to modify or discontinue benefits programs at any time in its sole discretion, subject to applicable law.

CoBank is a cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 76,000 farmers, ranchers and other rural borrowers in 23 states around the country. CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture, rural infrastructure and rural communities. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.

REASONABLE ACCOMMODATION

We are committed to ensuring that our online application process provides an equal employment opportunity to all applicants, including qualified individuals with disabilities. If you are an applicant with a disability, or are assisting an applicant with a disability, and require accessibility assistance or would like to request a reasonable accommodation for any aspect of the application process, including completing an application, interviewing, or otherwise participating in the employee selection process, please submit a request by emailing recruiting@cobank.com. Include your contact information and specific details about your requested accommodation.

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time.

CoBank is an Equal Opportunity Employer.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.