Position: Credit Analyst
Location: Newark NJ
Duration: 2 Years
Key Duties
• Implement corporate credit policy and procedures and perform credit reviews for solar loan program commercial applicants.
• Evaluate credit proposals and applications, conduct due diligence and make written credit recommendations to management.
• Establish and maintain contact with clients throughout the due diligence process to obtain/provide information and advice, conduct interviews and relay information regarding the process and organization’s requirements
• Review and analyze financial statements, credit ratings, financial models, both for existing clients and on new solar financing opportunities
• Identify structural risks and mitigates in prospective transactions and recommend enhancements and structuring of deals and covenants in line with policies and procedures.
• Assist in documenting new financing transactions.
• Responsible for monitoring of borrowers’ financial condition to determine collateral requirements as required by the loan agreement.
• Recommend enhancements to credit procedures in line with Board of Public Utilities approved Board Order.
• Assist in the identification and analysis of potential business transactions and assist in the preparation of presentations/pitches
• Ensure compliance with program policies and procedures and SOX controls.
• Maintain and apply working knowledge of organization Standards for Business Controls and meet management's expectations for effective internal business controls.
• Provide support for special projects and other functions as requested.
Essential Qualifications:
• Bachelor Degree in business or finance or equivalent experience
• Minimum 3 years financial analysis and/or credit experience
• Project finance experience/knowledge
• Strong technical, computational and quantitative skills
• Ability to make decisions and proactively resolve borrower issues.
• Understanding of financial statements, corporate finance theories and practices, credit and risk principles, accounting, economics and statistics as well as strong research skills.
• Excellent analytical ability including demonstrated knowledge of valuation techniques and practices, including cash flow analysis
• Ability to build, review and maintain complex cash flow forecasting models with an excellent understanding of lending financial concepts and ratios
• Excellent interpersonal, presentation, oral and written communication skills and an ability to explain complicated financial concepts to all levels, including clients and senior management
• Comfortable interacting with and managing relationships with clients’ senior management during loan due diligence and portfolio monitoring.
• Demonstrated job commitment including a willingness to work under deadlines in a high-volume, fast-paced, results-driven environment with flexibility and adaptability in order to meet client requirements
• Proven ability to pay close attention to detail, multi-task and work collaboratively within a team under tight deadlines
• Well-developed organizational and time management skills in order to respond to shifting priorities on several simultaneous projects
• Proficiency in Microsoft Word, Excel and PowerPoint.
• Candidate must foster an inclusive work environment and respect all aspects of diversity
Desired Qualifications:
• Previous US power and renewables experience
• C.P.A., C.F.A, MBA or other related Masters degree
• Prior investment/corporate banking work experience
• 3 years + of Project Finance experience/knowledge.
• Understanding of New Jersey’s solar energy market and familiarity with local utility solar financing programs.