at U.S. Bank in Chicago, Illinois, United States
Job Description
At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.
Job Description
U. S. Bank Impact Finance is currently seeking a candidate to join our growing team of environmental finance professionals as an Engineering Technical Services Manager. The incumbent’s responsibilities include reviewing and advising on technical issues related to equity investments and project finance loans that utilize Renewable Energy Tax Credits (RETC), predominantly solar, wind, and battery storage systems. Responsibilities include coordinating with clients/sponsors, outside consultants and law firms in supporting the review, due diligence and documentation of new and existing investments and loans. Sets underwriting and investment standards, coordinates technical due diligence, incorporates asset performance, and negotiates technical terms of investments across internal Business Development, Project Management, and Asset Management teams. Interfaces with external customers and third-party professionals such as independent engineers, attorneys, accountants, etc.
Job Responsibilities
+ Participate in project-level technical due diligence for new investments and loans from origination through approval and operations.
+ Identify potential risk areas and key issues for additional review, and/or detailed analysis and assessment and possible mitigation approaches.
+ Collaborate with other functional groups to evaluate issues and identify solutions.
+ Track emerging industry issues, developments and trends in technical areas relevant to the business pipeline.
+ Provide input on 3rd party technical due diligence scope and oversee activities of outside technical consultants.
+ Assess technical aspects of customer’s financial models, customer/equipment experience, and customer/equipment performance.
+ As needed, inspect assets being considered for financing and assets associated with existing investments.
+ Produce internal written documentation relating to the findings and mitigants of technical, equipment, market, and commercial issues and communicate insights to internal parties including Credit Officers and Environmental Finance management.
+ Assist asset management personnel in identifying, investigating and resolving equipment and portfolio performance issues.
+ Establish technical policies, procedures, and training documentation for accomplishing Environmental Finance group’s tasks.
+ Maintain knowledge of Project Management policies and processes by periodically leading or co-leading the underwriting, structuring, and negotiating of investments in projects that contain unique technical aspects.
+ Support Asset Management technical needs and requests related to existing large portfolio of assets and incorporate asset and equipment performance experience into underwriting standards.
+ Support Business Development in screening investment opportunities, evaluating the developing trends in renewable energy, and setting standards for investment in emerging technologies.
+ Develop and maintain relationships with the renewable energy technical community including independent engineers, equipment suppliers, and service providers.
+ Collaborate with peers, counterparties, and third-party consultants to resolve issues and negotiate solutions.
+ 10% travel to perform periodic site visits, attend conferences, and customer meetings.
Basic Qualifications
+ Typically Bachelor’s degree and eight or more years of related experience OR
+ MBA/JD with five or more years of directly related experience
Preferred Skills/Experience
+ Typically Bachelor’s degree, or equivalent work experience, in engineering or related technical field.
+ Typically twelve or more years of technical experience in the renewable energy industry in engineering, consulting, development, or banking/tax credit roles.
+ Typically six or more years of project management experience.
+ Thorough understanding of renewable energy tax credit investments, partnerships, and structures.
+ Previous experience at a bank or finance organization (technical role), independent engineering firm, renewable energy developer, or similar organization.
+ Strong knowledge of solar, wind, and battery storage systems including equipment technology, project design, production estimates, engineering-procurement-construction, interconnection, transmission risk, energy markets, power purchase structures, operations and maintenance, environmental permitting, real estate, appraisals, and financial modelling.
+ Strong knowledge of contracts and legal documentation.
+ Considerable tact and interpersonal skills, including ability to effectively communicate complex technical material to non-technical personnel such as senior bank management, credit officers and customers.
+ Well-developed leadership abilities and strategic management skills.
+ Effective verbal and written communication skills.
+ Strong analytical, decision-making and problem-solving skills
U.S. Bancorp Impact Finance, the tax credit and community development division of U.S. Bank, believes all people have a right to the possibilities that comes with living in a safe and vibrant community. The financing USBIF provides for affordable housing, economic development, and renewable energy projects have a lasting social and environmental impact in communities. Visit USBIF on the web to find out more at www.usbank.com/cdc.
U.S. Bancorp Community Development Corporation is now operating as U.S. Bancorp Impact Finance. All job postings under U.S. Bancorp Impact Finance reside within the USBCDC organization.
If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .
Learn how the way we work at U.S. Bank (https://assets.phenompeople.com/CareerConnectResources/prod/UBNAGLOBAL/documents/Thewaywework-1666895142717.pdf) drives meaningful relationships with our customers and collaboration across the company.
Benefits:
Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That’s why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):
+ Healthcare (medical, dental, vision)
+ Basic term and optional term life insurance
+ Short-term and long-term disability
+ Pregnancy disability and parental leave
+ 401(k) and employer-funded retirement plan
+ Paid vacation (from two to five weeks depending on salary grade and tenure)
+ Up to 11 paid holiday opportunities
+ Adoption assistance
+ Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
EEO is the Law
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal **KNOW YOUR
