Associate - PIPF Account Management
Standard / Permanent
FINANCIAL AND TECHNICAL EXPERTISE
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.
Within Credit & Portfolio Management, the PIPF Account Management Team is responsible for the proactive management of the PIPF loan portfolio in North and Latin America, from the initial closing until termination / repayment.
Portfolio and Account Management:
• Understand and independently manage all aspects of a number of Project Finance accounts, including credit, legal, and compliance issues.
• Prepare credit and financial analysis and complete Annual Reviews and Quarterly Watchlist / Doubtful Reports.
• Prepare internal proposals for amendments, waivers, and other requests for deals where BNPP 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; liaise with BNPP’s Syndications and Portfolio Management teams for active management of the portfolio.
• Liaise with the Bank’s Restructuring team for troubled deals.
• Participate in site visits and attend bank meetings.
Agency Account Management:
• Negotiate and co-ordinate amendment and waiver requests for deals Agented by BNPP; 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.
• Contribute to Semi-Annual PIPF Portfolio Review, including overview of the PIPF portfolio, sector concentration, average characteristics, historical evolution of the portfolio, etc.
• Respond to ad-hoc requests for reports and presentations from Risk and Management.
• Bachelor’s degree (preferably in Finance or Accounting) required;
• MBA / CFA / CPA would be a plus.
• Strong analytical skills, including financial and credit analysis.
• Good understanding of and familiarity with financial statements, accounting, corporate finance principles, debt structures, etc.
• 2 to 4 years of work experience, preferably in banking, finance, or a related field.
• Strong Microsoft Office skills, especially financial modelling skills in Microsoft Excel.
• Ability to get up to speed quickly on technical aspects and legal documentation in PIPF.
• 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.
• Spanish language will be a plus.
• Prior experience in Project Finance (or other structured finance products) would be a strong positive.
FINRA Registrations Required: