Credit Officer - Project Finance - Power and Renewable Energy

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!
• 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
• CoBank University robust curriculum –associate training and development, including higher education tuition reimbursement
• Outstanding 401k – up to 6% matching and additional 3% non-elective contribution
• Time-Off Packages – Vacation 15+ days, 10 Paid Sick Days, and 11 Paid Holidays
• 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 with “GEM” awards, including a monetary value

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.

Essential Duties

• 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.

Basic Qualifications

• Bachelor's degree in business, finance, or relevant discipline and
• 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.
• Basic knowledge of financial analysis, including cash flow analysis, balance sheet analysis, profitability, liquidity, and solvency analysis.
• Basic knowledge of Generally Accepted Accounting Principles (GAAP), taxation, legal forms of organizations, and business law.
• Intermediate knowledge of financial modeling techniques and preparation of pro forma financial statements.
• Ability to perform discounted cash flow analysis, capital budgeting (internal rate of return, net present value, etc.), and equity valuation calculations.
• Excellent customer service focus and attention to detail.
• Excellent verbal and written communication and interpersonal skills, with the ability to communicate effectively with all levels of management, business customers, and outside parties.
• Knowledge of Microsoft Office applications (Outlook, Word, PowerPoint, Excel, Access).
• Availability for occasional work outside normal business hours.
• Availability for occasional travel.

Compensation Information

• Estimated Base Salary Range: $80,000 - $100,00
• Target short-term incentive opportunity: 20%

About CoBank

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.

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 requires all newly hired associates to be fully vaccinated against COVID-19, and new hires will be asked to register their proof of vaccination. Any offer of employment will be conditioned upon an applicant supplying proof of vaccination against COVID-19; provided, however that CoBank may provide a reasonable accommodation for an applicant’s known disability or sincerely held religious belief.

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