Huntington National Bank Commercial Portfolio Manager - Renewable Energy in King Of Prussia, Pennsylvania

The Portfolio Manager (PM) is responsible for underwriting, approving, monitoring, and reporting on the engineering and operational design and performance of the renewable energy projects financed by Huntington National Bank (HNB)'s Renewable Energy Finance (REF) group. In addition, the PM oversees the collateral agency function and reviews and authorizes the periodic payment waterfall distributions of the renewable energy projects. The PM engages in post-closing operational and contractual activities and is responsible for safeguarding the operational and financial performance of the renewable energy projects financed by HNB within the design and contract limits of each project.

Detailed knowledge of renewable energy projects design, functioning, and operations & maintenance (O&M) and a strong understanding of renewable energy project finance is required.

Responsibilities

Underwriting

  • Review and approve renewable energy projects pre-construction:

  • Project design

  • Equipment selection

  • Engineering

  • Construction contract and contractor(s)

  • O&M contract and contractor(s)

  • Financial pro-forma and underlying assumptions

Review and approve all the above prior to financial closing based on project as-built

  • Review and approve construction finance

  • Construction loan terms and conditions

  • Construction loan draw requests

  • Review and approve sponsor/developer based on experience and track record related to:Historical project performance (actual vs. projected)


  • Project development

  • Construction (oversight)

  • Asset Management capabilities

  • Monitoring, reporting, and managing of project performance

  • Monitoring, billing, collecting of revenues

  • Support REF analysis and decision making on new markets, technologies, and equipment vendors

Monitoring, Reporting, and Portfolio Management

  • Review, analyze, and report on renewable energy projects' operational and financial performance (actual vs. projected)

  • Ability to differentiate and explain various causes of project performance issues

  • Interact with sponsor/developer on O&M of renewable energy projects, ensure compliance with project contracts related to O&M, develop solutions acceptable to HNB for unexpected events, review and approve sponsor/developer requests for use of project level cash reserves

  • Review and approve replacement project contracts (e.g. O&M, insurance) during the term of the financing

Collateral Agency

  • Review and approve sponsor/developer's periodic payment waterfall distributions per the terms of the underlying contracts

  • Track and forecast financial performance of renewable energy projects and pro-actively engage developer/sponsors early in case of projected cash shortfalls

Ownership Management

  • Facilitate purchase and sale of participation interests by HNB; interact with buyers' and sellers' internal renewable energy department and develop and maintain mutually beneficial relationships

  • Facilitate purchase and sale of sponsor/developer ownership; interact with buyers' and sellers' to review and approve ownership transfers while maintaining or improving HNB's risk/reward equation

Policies and Procedures

  • Develop HNB REF policies and procedures for all the above, identify and address any gaps based on industry best practice experience

  • Create HNB internal understanding and support for the operational aspects of renewable energy financing and REF policies

  • Ensure compliance with policies while maintaining a 'constant improvement' mentality and implement improvements to policies as identified

Qualifications

Required Qualifications

  • Bachelor's degree or equivalent

  • Minimum of ten (10) years' experience underwriting and documenting complex and/or syndicated commercial loans

Preferred Qualifications

  • Five years' experience renewable energy project operations and or asset management

  • Renewable energy project finance experience (experience working for a financial institution preferred)

  • Strong analytical and reporting skills

  • Strong organizational and leadership skills

  • Excellent interpersonal, verbal, and written communication skills, advanced skills in Microsoft Excel

  • Ability to travel as needed

EEO/AA Employer/Minority/Female/Disability/Veteran/Sexual Orientation/Gender Identity

Tobacco-Free Hiring Practice: To demonstrate our commitment to health and wellness, Huntington will not hire any candidate who uses tobacco or any nicotine product including, but not limited to, cigarettes, cigars, pipes, smokeless tobacco, chewing tobacco, snuff or snus, nicotine gum, the nicotine patch or any other kind of nicotine replacement product (where permitted by applicable state law). Candidates applying for positions in those states will be notified of this practice during the recruitment process and, if offered a position, will be screened for cotinine (to check for use of tobacco and/or nicotine products and/or nicotine replacement therapy products) before they begin employment. If the position to which you're applying is covered by this practice, the job application will provide greater detail as to what constitutes tobacco use.

Huntington does not accept solicitation from Third Party Recruiters for any position.