Credit Officer-Project Finance-Power Energy & Renewable Energy - CoBank

Benefits Overview:

A career at CoBank can offer you the opportunity to make a personal impact on the people and communities where we do business. When you choose a career with CoBank, you make a difference by standing for something that matters. In order to be the best, we hire the best!

Remarkable Benefits Offered by CoBank

• Careers with a purpose. Stand for something!
• 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
• Community Impact: United Way Angel Day, Volunteer Day and Associate Directed Contribution
• Associate Resource Groups: creating a culture of diversity and inclusion
• Recognize a fellow associate through our GEM awards

 

Job Description:

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 develops credit-structuring alternatives for large account transactions. Assists lending or leasing staff with managing the banking relationship with large accounts by providing credit analysis and financial structuring alternatives. Approves credit actions within prescribed credit limits. Provides leadership and guides the work of credit analysts. Adds value to account relationships and supports the achievement of profitability and credit quality goals through interactions with staff and customers.

Essential Functions:

• Acts as primary account officer on assigned transactions within the portfolio, including maintaining accurate risk ratings, executing waivers, consents, and amendments, preparing monitoring materials, and other tasks and administrative items.
• Reviews all pertinent credit and financial information and determines the need for more thorough investigation or additional information. Analyzes information statements and related material and prepares thorough, well-written, and clear credit memorandums. Prepares summaries, presents facts, and offers opinions concerning credit worthiness. Understands and follows bank guidelines, policies, and procedures for the preparation and presentation of credit information.
• Leads the internal credit approval process with the review, preparation, and presentation of credit recommendations for potential borrowers.
• Analyzes and sensitizes detailed financial models prepared by clients to evaluate lending opportunities.
• Manages an extensive diligence process including review of consultant reports from independent engineers, power market consultants, and renewable resource studies.
• Stays up to date with industry trends and power markets in order to educate relevant internal stakeholders.
• Works closely with Relationship Managers to prepare and structure proposals for new business opportunities.
• Assist with the training, development and work review of junior staff.
• Completes special projects and participates and authors industry research as requested by internal stakeholders.

Education:

• Bachelor's Degree required

Work Experience:

• Five (5) or more years of relevant experience in credit/finance, preferably in banking or financial services industry; or appropriate combination of education and experience.

 

Preferred Qualifications

 

• 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.
• 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.
• Ability to develop loan structuring alternatives to mitigate risk and maintain customer satisfaction.
• Ability 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.
• Understanding of commercial loan documentation.
• Excellent interpersonal, negotiation, presentation, oral and written communication skills.
• MBA (finance or related discipline).

 

Physical Exertion Details:

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.

Travel Requirement Details:

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

About CoBank:

The typical base pay range for this role is between $83,407 - $105,239. 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. 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.