Credit Underwriter - Renewable Energy
Location
United States
Posted
10 days ago
Salary
$100K - $130K / year
Seniority
Mid Level
No structured requirement data.
Job Description
Credit Underwriter - Renewable Energy
FARMER MAC
Role Description Farmer Mac is looking to hire a driven, analytical, and personable individual with three (3) or more years of credit, lending, and structuring experience or relevant renewable energy experience for the position of Credit Underwriter - Renewable Energy for its Infrastructure Finance team. The primary responsibilities of the Credit Underwriter include: - Underwriting new loan opportunities - Writing analytical credit recommendations - Running sensitivity models - Portfolio management as it pertains to the Renewable Energy segment The Credit Underwriter will: - Maintain power and utilities industry knowledge with an emphasis on renewable energy - Help to maintain key relationships with customers and business partners - Develop internal relationships to conduct portfolio activities leading up to credit approval - Be part of the team driving new product innovation This role is expected to contribute immediately towards accelerating growth within Farmer Mac’s Renewable Energy segment and contribute significantly to Farmer Mac’s strategic objectives and initiatives. Qualifications - Bachelor’s degree in finance, accounting or related - Three (3) or more years of credit underwriting experience or relevant renewable energy/project finance experience (e.g. development, finance, project management) - General understanding or willingness to learn specific dynamics of power industries and project finance structures - Ability and desire to eventually handle renewable energy deal opportunities largely autonomously - Excellent skills in credit analysis, quantitative and qualitative assessments, valuation, loan underwriting, and documentation review - Ability to work well in a team environment - Strong written and verbal communication abilities - Self-starter with strong work ethic and the ability to work on one or more tasks efficiently and effectively with minimal supervision - Broad knowledge of risk management processes and functions Requirements - Primary contributor in the underwriting, portfolio management process - Review, analyze, and assess complex transactions from a variety of counterparties across project finance space within the United States - Review and critically evaluate potential transactions including structure, key counterparties, technology, contracts, and financial projection models - Review loan documentation and consultant reports for acceptability of terms and conditions - Prepare and conduct credit presentations, recommending new or incremental credit exposure to the credit committee - Work with Relationship Manager, Transaction Management, Loan Operations, and Legal to coordinate the close of transactions - Manage an existing portfolio of borrowers, track ongoing financial performance and trends, report on covenant compliance, and ensure accurate borrower risk ratings - Secondary contributor in preparing annual reviews with risk rating rationale - Develop and maintain knowledge of specific industries, economy, market conditions, rates, and competition Benefits - Typical base pay range for this role is $100,000 to $130,000 per year - Compensation will vary based on experience and geographic work location
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• Review credit reports and prepare credit submission packets which have been thoroughly vetted and analyzed to meet the approval requirements of our funding partners. • High level analyzing of Credit Reports to determine credit factors which could lead to an approval or denial by our funding sources. • Work to eliminate denial factors on credit reports and identify documentation needed from our clients which could clear credit stipulations / prefunding conditions, before presenting a transaction to our funding sources. • Respond to inquiries regarding the status of a credit application or transaction and deliver clear and positive communication to internal departments (sales and funding). • Make decisions on applications submitted through internal and dealer relationships while placing a strong emphasis on response time, attention to details and the quantity of applications processed. • Exercise sound judgment when reviewing details and potential alerts and/or risks associated with credit reports that may lead to a credit denial. • Adhere to company policies and procedures and escalate any matters non-compliant to Credit Management. • Logically document all credit decisions in the Salesforce.com database. • Follow up with Funding Sources or Account Managers to ensure items needed are received prior to funding. • Assist with other administrative duties, including data entry and CRM database management as assigned by the Credit team.
• Review credit reports and prepare credit submission packets which have been thoroughly vetted and analyzed to meet the approval requirements of our funding partners. • High level analyzing of Credit Reports to determine credit factors which could lead to an approval or denial by our funding sources. • Work to eliminate denial factors on credit reports and identify documentation needed from our clients which could clear credit stipulations / prefunding conditions, before presenting a transaction to our funding sources. • Respond to inquiries regarding the status of a credit application or transaction and deliver clear and positive communication to internal departments (sales and funding). • Make decisions on applications submitted through internal and dealer relationships while placing a strong emphasis on response time, attention to details and the quantity of applications processed. • Exercise sound judgment when reviewing details and potential alerts and/or risks associated with credit reports that may lead to a credit denial. • Adhere to company policies and procedures and escalate any matters non-compliant to Credit Management. • Logically document all credit decisions in the Salesforce.com database. • Follow up with Funding Sources or Account Managers to ensure items needed are received prior to funding. • Assist with other administrative duties, including data entry and CRM database management as assigned by the Credit team.
• Review credit reports and prepare credit submission packets which have been thoroughly vetted and analyzed to meet the approval requirements of our funding partners. • High level analyzing of Credit Reports to determine credit factors which could lead to an approval or denial by our funding sources. • Work to eliminate denial factors on credit reports and identify documentation needed from our clients which could clear credit stipulations / prefunding conditions, before presenting a transaction to our funding sources. • Respond to inquiries regarding the status of a credit application or transaction and deliver clear and positive communication to internal departments (sales and funding). • Make decisions on applications submitted through internal and dealer relationships while placing a strong emphasis on response time, attention to details and the quantity of applications processed. • Exercise sound judgment when reviewing details and potential alerts and/or risks associated with credit reports that may lead to a credit denial. • Adhere to company policies and procedures and escalate any matters non-compliant to Credit Management. • Logically document all credit decisions in the Salesforce.com database. • Follow up with Funding Sources or Account Managers to ensure items needed are received prior to funding. • Assist with other administrative duties, including data entry and CRM database management as assigned by the Credit team.
• Leading complex credit underwriting activities. • Serving as a trusted advisor to the Chief Lending Officer. • Evaluating complex borrower scenarios and structuring credit solutions. • Overseeing underwriting teams and mentoring junior underwriters. • Driving process improvements and collaborating to improve credit quality.
