Assistant Portfolio Manager

Job Title

Job Description

Client-facing role in a growing business line that is very active in Energy Transition. Role provides for great exposure to different financing structures, products, and technologies. Ideal role for someone smart and self-motivated who wants to break into Energy Transition and Renewables financing.

Our Shared Future:

"The team has a track record of successful deal making and works smartly and efficiently. In addition, the team boasts a great culture, with smart and driven individuals in a collaborative setting, with great emphasis on knowledge building and sharing." - MD

You and Your Job

As VP, Assistant Portfolio Manager you will be successful by diligently analyzing and assessing the risk drivers and mitigants in the transaction and financing structure and monitoring portfolio developments. This is a key role for the success of the business line and bank overall.

The role will be critical in the administration, management, and monitoring of a high-volume and growing portfolio. Analyzing and timely responding to client requests in a professional manner.

Proactive credit risk management by keeping on top of developments in a portfolio of construction and operating projects (wind, solar, battery storage and other sustainable energy technologies) and market developments at large and proactively assessing how they can impact the portfolio.

Job Responsibilities:

• Analyze and negotiate amendment, waiver and consent requests from Borrowers – write up the credit memos, review legal documentation and complete all internal workflows required for internal approvals and timely execution.
• Monitor portfolio deals, which will entail reviewing quarterly and annual financial statements and other reporting deliverables, and preparing the annual reviews in conjunction with the Credit team. Includes providing base case and downside case scenarios, internal deal rating and pricing, counterparty analysis, contract analysis, and financial and structural analyses.
• Responsible for the Rabobank Risk Rating, LEA/LGD and RAROC models
• Develop financial projections for projects and corporates
• Assist with the monitoring of the portfolio by researching and collecting market, sector outlook and transaction data and updating/maintaining the relevant internal databases.
• Prepare and maintain operating performance tables for specific transactions comparing actual performance against the base case and analyze the drivers of performance and key credit metrics
• Review Borrower’s financial condition – review historical financials and prepare cash flow projections
• Track ratings of different counterparties (offtakers, guarantors, and other major counterparties)
• Assist in draw and disbursements packages.
• Review and analyze Letter of Credit issuances.
• Monitor and review reporting deliverables.
• Assist with covenant compliance tracking.
• Update internal credit templates.
• Assist with Portfolio analytics and portfolio projections.
• Maintain ongoing compliance with internal reporting requirements.
• Assist with covenant compliance tracking.
• Assist on any audit requests and portfolio administrative tasks as needed.
• Support team members in the day-to-day information flow with clients and third-parties in a transaction execution setting.
• On Agented transactions: Manage back and forth communications with Lenders on amendment/waiver/consent requests.
• Keep track of Lender required voting thresholds.
• Support senior team members as needed in the analysis and execution of various transactions.

Your Promise to Us:

To be considered for the VP, Portfolio Management role, you must have:

• 7+ years of experience in project finance or structured loan products (portfolio management, credit, or origination).
• Minimum 5 years experience with portfolio management and client management within energy, renewables, structured debt or project finance.
• Exposure to renewable energy or infrastructure is highly preferred.
• Proficient in financial modeling and understanding financing structures Strong credit and risk analysis skills
• Prior work experience at a bank is a plus.
• Bachelors' degree: CFA is a plus.
• MBA or technical graduate degrees preferred.
• Strong written and verbal communication skills, with the ability to present complex financial information clearly and concisely
• Ability to manage competing priorities
• Ability to travel regionally, up to 15%.
• Legally authorized to work in the United States on a full-time basis.  Rabobank is unable to sponsor or take over sponsorship of an employment visa for this position. 

Our Commitment to you – cultivating your way beyond pay:

Rabobank embraces diversity and welcomes employees and applicants of all backgrounds. Our goal is to always create an environment that is inclusive, drawing upon the strengths of the diversity of our workforce to exceed the expectation so four clients and customers.

We view your well-being as much more than a paycheck. We continually evaluate and evolve our benefit offerings to be comprehensive, competitive and to give you the options and the flexibility you need. We focus our employee benefits on three main components:

• Physical Well-Being includes our commitment to your Health and Wellness. Medical, Dental and Vision plan coverages are effective on your date of hire. Rabo offers multiple plan options and a full network of providers to best meet your needs.

• Financial Well-Being provides for your Retirement + Savings + Security. We love seeing your retirement plan balance grow just as much as you do! That’s why you can start participating in the 401(k) plan on your date of hire. Plus we match 50% of the first 6% you contribute to your 401(k) plan for US Employees. Rabo also contributes an additional 3% of your eligible pay in Safe Harbor contribution and up to 3% in annual Discretionary Profit Sharing contributions.

• Emotional Well-Being ensures your Work + Life balance. We offer a generous paid time off program to full time employees: up to 20 days of vacation time, 5 days of additional time off plus 7 sick days and 11 US holidays annually (based on hire date during the calendar year). In addition, Growing a Better World Together requires wanting the best for our employees and their families and our communities. To do that, we offer both the time and financial support to give back to the community through our Dollars for Doers, Helping Hands and Gift Matching programs. (All paid time off is subject to company accrual and carryover policies.)

Our Organization: 

Serving clients in Mexico, the U.S. and Canada, Rabobank Wholesale Banking North America is a premier corporate and investment bank to the food, agribusiness, commodities and renewable energy industries, providing sector expertise, strategic advisory and tailored financial solutions to our clients. We thrive on building long-term relationships with clients and stakeholders in the fastest-growing food and agribusiness region of the world. See, https://www.rabobankwholesalebankingna.com/.

Salary Expectations:

Target Hiring Range: $165,000 - $250,000

This position is subject to the terms of Rabobank’s compensation plans and policies. It is anticipated that the position will pay within the target hiring range. The range is reflective of the desired primary physical work location and may be adjusted outside of the projected range based on geographical differentiation if the actual work location of the hired candidate differs from the desired primary location, or for other lawful reasons. Further, all full-time regular positions include all other benefits provided to Rabobank employees, including healthcare benefits, 401k matching, vacation, sick leave, parental leave, possible discretionary bonuses and all other benefits that are all governed by and subject to ERISA plan documents and eligibility.

Rabo provides equal opportunity in employment to all employees and applicants and does not discriminate on the basis of race, color, creed, religion, national origin, ancestry, alienage or citizenship status, age, sex, sexual orientation, gender identity gender expression, marital status, genetic information, medical condition, physical or mental disability, pregnancy, childbirth or related medical condition, military service or veteran status, victims of domestic violence, or any other basis protected by applicable law. Rabo also prohibits harassment of any individuals on any of the bases listed above.

At Rabobank, we strive to grow a better world together. In order to achieve that, we have to have the right people in the right jobs. Are you ready to join our team?

This job posting has no fixed application deadline.  We will accept resumes until a qualified applicant pool is identified.

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