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Wells Fargo is seeking a Corporate Banking Associate to support CIB Banking’s Energy & Power Project Finance Portfolio Management team, which manages a growing loan portfolio with significant activity, including refinancings, project finance monitoring, waivers, and amendments. Wells Fargo’s growing Renewables & Asset Finance (“RAF”) business is an integral part of the Power, Utilities & Renewables (“PUR”) group within Energy & Power, providing financing, capital markets and advisory services to corporate clients across. Our coverage universe includes renewable developers, independent power producers, infrastructure and private equity funds, and utilities globally, supporting lending activity across renewables, thermal generation, midstream, and broader energy infrastructure assets. The PUR group is a market-leading franchise in the sector, including top ranked positions in the equity and debt capital markets league tables.
Job Responsibility:
Support the management of a portfolio of loans originated by the RAF team, including structured financings such as construction, operating, and warehouse facilities, as well as corporate Holdco financings
Complete credit underwriting for a portfolio of accounts, including working with complex models and performing detailed financial & credit analysis
Perform monthly monitoring of operating & construction financings for renewable assets (wind, solar, and energy storage), including reviewing operating reports as well as progress and monthly construction draws
Coordinate with operational teams for all day-to-day activity for the loans, including draws and issuances of Letters of Credit
Review and interpret credit policies and procedures and incorporate requirements into credit analysis, observations and monitoring
Perform all credit monitoring work including annual reviews, status updates and focus reviews for the assigned portfolio, accounting for all risk factors and providing risk rating recommendations with oversight from the Portfolio Manager
provide support for audits
Manage communication between Borrowers and the syndicate of lenders for transactions where we act as Administrative Agent, in collaboration with the Leveraged Finance team
Participate in the training and development of analysts within the team
Represent the bank in maintaining relationships with clients
Review credit agreements and contribute to the analysis and review of project documents including but not limited to Consultant Reports, Power Purchase Agreements, Operations & Maintenance reports
Collaborate and consult with peers, internal partners and stakeholders, including clients
Contribute to regular reporting to credit and senior management on the portfolio, in collaboration with more senior staff – including but not limited to maintenance of transaction databases and comps for the team
Requirements:
2+ years of Corporate Banking Relationship Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Corporate Banking Program Analyst formal training
Strong financial modeling, credit, accounting and technical skills with high attention to detail and accuracy
Strong verbal, written, and interpersonal communication skills
Demonstrated excellence in working effectively as an individual and as part of a team
Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic, fast paced and complex environment
High level of initiative and accountability
Collaborative mindset and ability to work with team members who are in different locations
Ability to act with integrity, good character and exercise sound judgement
Registration for Securities Industry Essentials (SIE) exam must be completed within 90 days of hire date if it is not available for transfer upon hire
Registration for FINRA Series 63 (or 66) must be completed within 90 days of hire date if it is not available for transfer upon hire
Registration for FINRA Series 79 must be completed within 90 days of hire date if it is not available for transfer upon hire
This position is subject to FINRA background screening requirements