1+ months
2018-06-122018-09-09

CMO - Alternative Energy Finance (AEF) Portfolio Manager

Citigroup
New York, NY
  • Primary Location: United States,New York,New York
  • Education: Bachelor's Degree
  • Job Function: Institutional Banking
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: Yes, 10 % of the Time
  • Job ID: 18028912

Description


About Citi:
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.
Citis Mission and Value Propositionexplains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients and the publics trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.
Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.
AEF seeks to hire a full time Portfolio Manager to assist our Head Portfolio Manager in overseeing and tracking the AEF portfolio of renewable energy loans and tax equity positions that AEF holds and manages on Citis balance sheet.

The AEF portfolio includes tax equity investments in utility scale wind and solar projects, tax equity investments in pools of Distributed Generation or Residential Rooftop solar PV systems, and related back leverage debt facilities. Additionally, the Portfolio Manager will help monitor ABS style warehouse and loan facilities to finance pools of solar rooftop system loans or energy efficiency projects, term loans, and other renewable energy exposures extended by AEF.

The job responsibilities include all aspects of managing the portfolio of individual loans and investments, including:
  • Transaction model maintenance and updates, transaction monitoring (including tax benefits recognition, yields, and returns), performance tracking, P&L tracking (based on HLBV accounting), updating and monitoring expected flip dates, interaction with financial controllers, coordination of amendments, consents and waivers, interaction with client portfolio teams, re-negotiating terms arising post-close, collecting and reviewing tax filings, coordinating responses for IRS audits, and other matters post-close. Additionally overseeing ongoing payments to third parties, including counsel, auditors, consultants, and other parties
  • Monitoring overall portfolio metrics and performance, tracking and forecasting portfolio level P&L, preparing monthly and quarterly portfolio reports, tracking compliance with portfolio limits, evaluating positions for potential sale or modification, preparing forecasts of P&L, tax credits and GAAP balances for internal control functions and senior management, and other portfolio optimization operations. Assist with regulatory and enterprise level reporting, league table reporting, compliance with firm sustainability goals, legal entity management, SPE validations, and assist with regulatory reviews
  • Tracking accounts receivable, delinquencies, loss rates; assisting with asset sales, sell-downs, work outs, and other restructurings. Generally identifying existing and potential problems; then mitigating the risks. Assisting with preparation of risk analysis, impairment reviews, and other periodic reviews;
  • Assisting with transaction execution, booking, and other activities pre-close and again at funding
  • Partnering closely with AEF transaction execution teams, financial controllers, tax department, Citi Risk Management teams, internal audit, client/sponsor asset managers, outside consultants and engineers.

Qualifications


  • The ideal candidate will have knowledge and experience working with Tax Equity investments, understands PTC and ITC Federal tax incentive programs, and understands HLBV accounting as well as partnership and lease structures. Prior knowledge of partnership and tax accounting and experience with tax equity models are strong positives.
  • This position requires great attention to detail and ability to work independently and cohesively within a team, and offers client interaction and on the job learning opportunities.
  • One to three years of relevant experience is required
  • Candidate is required to have a BA/BS in Finance or other related fields
  • Detail-oriented, organized and able to work as part of a team
  • Excellent written and verbal communication skills
  • Strong Microsoft Office Skills

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CMO - Alternative Energy Finance (AEF) Portfolio Manager

Citigroup
New York, NY

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