Associate - Portfolio Management (TRF)

Core Information:

Corporate Title: Associate

Department: Energy – Transaction & Regulatory

Status: Full-time

About ING: 

Ranked #8 on LinkedIn Top Companies in Financial Services

Crain’s 100 Best Places to Work

Ragan’s Top Places to Work in 2023

In Americas, ING’s Wholesale Banking division offers a broad range of innovative financial products and services to domestic and international corporate and institutional clients. 

 
When you come to work at ING, you’re joining a team where individuality isn’t just accepted, it’s encouraged. We’ve built a culture that’s fun, friendly and supportive – it’s the kind of place where you can be yourself and make the most of whatever you have to offer.

We give people the freedom to take risks, think differently, take ownership of their work, and make great things happen. We’re here to help you get ahead. And with our global network, there’s plenty of scope to take your career in new directions, perhaps even ones you’ve never considered.

Sound like the kind of place you’d feel at home? We’d love to hear from you.

The Opportunity:

The Energy team is part of ING Global Sector Coverage which covers the energy value chain includingtraditional and renewable power generation, new energy technologies (CCUS, batteries and hydrogen) and the mid/downstream oil & gas sector. This position is a part of the team’s Transation & Regulatory, an instrumental unit that provides critical portfolio management and reporting foundation support to the origination activity.

As a Associate in the team, your primary responsibility will be the ongoing management of the Energy Americas loan portfolio, with an emphasis on credit monitoring and internal reporting. 

Main Duties and Responsibilities of Role:

• Reporting directly to the Energy Head of Portfolio Management, you may be either the first or second officer on an assigned portfolio of assets on the Energy book (Renewable, conventional generation, mid and downstream) for which you will be the primary responsible towards the Deal principal (typically MDs, Ds or VPs in the Energy team)
• Support the Team Lead in preparing / overseeing (if first or second officer respectively) and supporting all facets of the daily operations of the Energy Americas portfolio, including but not limited to:
  • Quarterly and annual credit reviews;
  • Prepare quarterly Credit Risk Management (“CRM”) portfolio reviews;
  • Process amendment and waiver requests, write or review credit modifications, submit to risk and address Q&A, follow-up on the required legal amendments to the documentation until execution;
  • Track compliance of financial covenants and other reporting covenants such as construction/ operating reports, insurance, etc.;
  • Review annual risk rating updates prepared by an administrative support team;
  • Oversee and prepare collateral monitoring reports;
  • Prepare and maintain reports as requested by regulators, rating agencies and other external parties;
  • Maintain various department and industry databases/trackers;
  • Maintain internal portfolio tracking metrics;
  • Respond to ad hoc internal requests on portfolio composition and exposure.
• Monitor and identify market developments and proactively manage their potential impact on the portfolio
• Support Team Lead and coordinate between Portfolio Management/ Origination in order to ensure timely and accurate response to internal (CAS) and external regulatory controls and audits by providing the required insights, reports and samples and by participating in the dialogue if so requested
• Stay up-to-date on organizational operating policies and procedures (i.e. Risk, Legal, etc.) to ensure appropriate protocols are implemented and followed, and facilitate accordingly
• Assist the team in the execution of new transactions and refinancings on an as-needed basis

Profile:

Qualifications / Education:

BA/BS in finance/economics/accounting/management/engineering (or similar); CFA a plus

Experience / Knowledge:

• 3-5 years of project finance experience, preferably in the power and renewables sector

Competencies:

• Strong financial and credit analysis capabilities
• Strong financial modeling capabilities  
• Knowledge of the energy industry and experience with project finance structure
• Excellent presentation and communication skills
• Ability to thrive in a fast-paced environment with multiple competing priorities
• Committed and dedicated individual who will continuously improve the way the team works

Other:

• Case Study including writing sample and a debt modeling test
• References

Salary Range: $115,000 - $140,000

ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to color, gender, religion, national origin, citizenship, disability, age, sexual orientation, or any other characteristic protected by law. We celebrate these differences and rely upon your unique perspective to innovate and seize new opportunities. Come as you are.

ING Bank does not have a commercial banking license in the U.S. and therefore not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Services LLC, and its affiliates, it offers a full array of wholesale products such as commercial lending and a full range of FM products and services