Job Description

Project Finance Portfolio Management Associate (North America)

SMBC's Global Structured Finance Department is looking for an Associate to join its Project Finance North America Team (the "Team") of Portfolio Management and Agency Group.

The Team is responsible for managing all aspects of North American project finance portfolio. The portfolio consists of power and new energies, PPP/PFI and other infrastructure transactions in North America. The role entails performing credit monitoring/control/administration of a portfolio of borrowers with a view to identifying potential credit issues preemptively. In addition, a significant portion of the role involves analyzing amendment/consent/waiver requests, evaluating the credit impact of the requests and any mitigants, and preparing applications with recommended actions for credit approval.

Responsibilities:

• Responsible for effective credit and risk management, with emphasis on adherence to credit policy and requirements, financial analysis/modeling, risk evaluation, on-going portfolio maintenance activities, and as needed client support.
• Oversee the overall credit worthiness of an assigned portfolio of obligors and their ability to meet their financial obligations for traditional credit-based products. Continuously monitor the portfolio with a view to identifying deteriorating situations early.
• Responsible for monitoring and reporting on the portfolio quality against established criteria and recommending adjustments to grading of existing credit facilities, as appropriate.
• Prepare periodic reviews for the borrowers in the assigned portfolio.
• Work with borrowers, legal counsels, independent engineers and other consultants as necessary to structure and manage consent processes (including but not limited to waivers and amendments of financing documents, etc.).
• Analyze and, if appropriate, seek credit approval for amendment and consent requests from borrowers. In preparing applications for credit approval, the Associate must have a good understanding of the request, the impact of the proposed consent on the credit risk of the borrower/transaction, any mitigants to the increased risk and the justification for approval of the request.
• Responsible for implementing strategy that will minimize credit risk in line with the firm's objectives, as well as assisting in the underwriting process for potential new borrowers.
• Ensure registration of accurate and up-to-date KYC information for borrowers.
• Respond to ad hoc information requests.

Qualification:

• A minimum of 3 years of experience covering project finance transactions in a portfolio management team or credit department of a lending institution.
• Strong background in accounting / financial analysis / modelling / legal documents is preferred.
• Required: BA / BS
• Preferred: MA / MS / MBA
• CFA preferred

Required Skills/Abilities:

• Strong understanding of legal documents and financial analysis.
• Expected to have advanced knowledge and experience in proposing and negotiating, both internally and externally, credit and covenant structures and documenting loans.
• In-depth knowledge of credit structures of project finance transactions or other asset-based credit transactions that often involve multiple layers of stakeholders. Ability to complete complex credit analysis, negotiate with deal parties, and process closing in short turnaround,
• Broad knowledge of the Project Finance market and the ability to manage risk within a complex and diverse portfolio.
• Allocate and assign appropriate resources. Effectively mentor junior members of the Team and review their credit work.
• Ability to manage the delivery of direct and agent support to the line units to ensure timely and quality support in addition to compatibility with Bank's risk appetite and profile.
• Strong understanding of regulatory, compliance framework.
• Knowledge of a broad range of financial products.

Additional Requirements:

SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.

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