Our client, a leading European investment bank specializing in corporate, private and retail banking, and investment, is seeking a Finance Business Analyst - Level III
Location: New York, NY
Position Type: Contract
Business Overview:
Power, Infrastructure and Project Finance ("PIPF") provides advisory services, arranges, structures and advances non-recourse (or limited recourse) loans for client activities including power and energy; renewables, such as wind, solar and bio-fuel; and infrastructure projects. PIPF maintains a large, diversified loan portfolio of over 70 borrowers.
The origination and execution of Project Finance transaction is done by the PIPF Origination and Execution Group which is a part of the Asset Finance and Securitization ("ASF") group.
PIPF Account & Credit Management Team is a part of the Credit & Portfolio Management group and is responsible for the monitoring and proactive management of the PIPF loan portfolio in North and Latin America, after the initial closing until termination / repayment.
Responsibilities:
Portfolio and Account Management
-Understand and independently manage all aspects of a number of assigned Project Finance accounts, including credit, legal, and compliance issues.
-Assigned accounts could include several complex transactions including deals where the company is the Agent Bank.
-Deals will include, gas-fired merchant power plants, renewables, infrastructure projects, etc.
-Prepare credit and financial analysis and complete Annual Reviews and Quarterly Watchlist / Doubtful Reports.
-Prepare internal credit proposals for amendments, waivers, and other requests for deals where the company is a participant.
-Perform financial modeling and run sensitivities for transactions; interpret model results and create summaries to be used in internal and external documents.
-Handle compliance and covenant related issues, including monitoring compliance receivables for each account.
-Proactively identify risks in the portfolio and deteriorating credits; communicate proactively with senior managers, Risk officers, Origination team members, relationship managers etc.
-Liaise with the Bank's Restructuring team for troubled deals.
-Help in origination and execution activities wherever appropriate.
Agency Account Management:
-Negotiate and co-ordinate amendment and waiver requests for deals Agented by a liaise directly with borrowers, legal counsel, consultants, and Lenders.
-Attend meetings and conference calls with Lenders and clients.
-Update, discuss, and answer questions from participant Lenders on a daily basis.
-Review legal documentation and manage legal due diligence process with appointed lawyers.
-Prepare credit-focused memos for internal and external dissemination.
Other:
-Contribute to PIPF Portfolio Review, including overview of the PIPF portfolio, sector concentration, historical evolution of the portfolio, etc.
-Respond to ad-hoc requests for reports and presentations from Risk and Management.
-Take ownership and lead other initiatives such as industry reviews, simulations of the entire portfolio based on certain parameters etc.
Minimum Required Qualifications
-Bachelor's degree
-Strong Microsoft Office skills, especially financial modelling skills in Microsoft Excel.
-Good verbal and written communication skills required (ability to present a deal structure and highlights to credit committees, senior management, and other lenders).
-Good interpersonal skills and team spirit.
-Ability to work reasonably long hours and meet tight deadlines.
-Strong analytical skills, including financial and credit analysis.
Preferred Qualifications:
-MBA / CFA / CPA would be a plus
-Good understanding of and familiarity with financial statements, accounting, corporate finance principles, debt structures, etc.
-Familiarity with and efficiency in reading and understanding legal documentation (preferably legal documentation related to Project Finance including security agreements and project agreements).
-Spanish language will be a plus.
-Prior experience in Project Finance (or other structured finance products) would be a strong positive.