Wholesale Credit Delivery Associate - Project Finance Job at Truist, New York, NY

  • Truist
  • New York, NY

Job Description

The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.Need Help?If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email to Accessibility (accommodation requests only; other inquiries won't receive a response).Regular or Temporary:RegularLanguage Fluency: English (Required)Work Shift:1st shift (United States of America)Please review the following job description:The Project Finance Credit Delivery team actively manages a portfolio of project finance debt and tax equity investments, covering most segments of the energy industry. Underwrites extensions and upsizes of existing clients in order to meet client needs while also ensuring appropriate risk/return strategies. Responsible for ongoing client dialogue, including product partner opportunity identification where appropriate. Actively manages portfolio risk through risk rating integrity, annual client reviews, watchlist management, and amendments/waivers, as well as executing compliance, audit and regulatory guidelines and reviews. The team is also responsible for early identification of emerging credit problems and industry trends in order to initiate risk mitigation actions and ensure appropriate capital allocation. ESSENTIAL DUTIES AND RESPONSIBILITIESFollowing is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.1. Manages, coordinates and executes credit event processes (underwritings, refinancings and/or amendments) within own portfolio and as needed across the team. Together with Director/VP level or Team Leader support, conducts due diligence, obtains credit approval and facilitates legal review for transactions.2. Creates and utilizes analytical financial models, including financial projections, discounted cash flow analysis, leveraged buyout analysis, valuation analysis, and financial analysis of historical and projected cash flows.3. Performs research and analysis on companies, industries and transactions in support of both client activities and risk mitigation strategies.4. Begins to independently manage a smaller portfolio of clients with oversight from Team Leaders, primarily consisting of participations and investment-grade clients.5. Achieves timely submission of annual reviews, underwritings and amendments to allow for sufficient review and decision by applicable approval authority.6. Maintains active ownership and timely processing of quarterly risk ratings within own portfolio and as needed across the team.7. Demonstrates leadership through the management of various projects and requests specific to assigned practice groups.8. Associates will be expected to handle a smaller client load representing primarily participations and investment grade credits while supporting Director/VP level PMs in the underwriting and portfolio management of more complex transactions.9. Consistently trains and mentors Analysts and Summer Interns, and is actively involved in recruiting.Required QualificationsThe requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.1. Undergraduate degree2. 3 years of experience in underwriting and portfolio management.3. Strong understanding of accounting, credit, financial modeling, structuring and underwriting.4. Strong verbal and written communication, organizational, analytical, critical thinking and problem solving skills.5. Licenses: Series 79; Series 63; SIE. (May be earned within 120 days after start date)Preferred Qualifications1. Undergraduate degree with coursework in accounting or finance preferred.2. Experience training and mentoring Analysts.3. Experience with Project Finance Debt and/or Tax Equity products.4. Knowledge of renewable & thermal power generation, oil & gas pipelines, and/or Liquified Natural Gas (LNG)#NewYorkThe annual base salary for this position is $140,000.Additional incentive pay is available for this position.General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.EEO is the LawE-VerifyIER Right to WorkJob SummaryJob number: R0118482Profession: Wholesale Banking

Job Tags

Full time, Part time, Summer internship, Shift work, Day shift

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