75 Charter Oak Avenue
Hartford, CT 06106
700 Canal Street
Stamford, CT 06902
Grow with us! We’re always looking for holistic thinkers and problem-solvers who believe in the power of positive energy.
People are what drive the success of an organization. The Connecticut Green Bank is fortunate to have an extremely dynamic team of individuals on staff. Their expertise is diverse, ranging from economic development and environmental protection, investing, energy project finance, and business management to engineering, marketing, and project management and more. They bring talent, passion, and drive to the organization, as well as a commitment to the Green Bank’s mission: to confront climate change and provide a healthier and more prosperous future for Connecticut by increasing and accelerating the flow of private capital into markets that energize the green economy and environmental infrastructure.
Below you will find our current job postings, along with instructions where to send your cover letter and resume for consideration.
CONNECTICUT GREEN BANK
associate director, underwriting
The Connecticut Green Bank hereafter "Green Bank" is seeking an Associate Director, Underwriting to support the deployment and investment management of several financial products originated by the Investments and Financing Program divisions of the Green Bank.
Green Bank, a quasi-public authority, is the nation's first state-level "Green Bank," leveraging public funds to increase and accelerate private investment in the green economy of Connecticut. Working at the Green Bank means being part of a dynamic team of talented people who are passionate about implementing the green bank model, stimulating the growth and development of clean energy and environmental infrastructure investment in Connecticut - growing our economy, strengthening our communities, and protecting our environment.
The Green Bank's Investment Team focuses on crowding in external sources of capital and is dedicated to originating and closing transactions across different sectors and technologies that impact the climate, clean energy and environmental infrastructure goals of the State of Connecticut. The team includes investment professionals dedicated to business development, underwriting, project management, and sector-specific originations. Such sectors include commercial and industrial / small medium enterprises, nonprofit, single family residential and multifamily housing as well as local and state governments. The Investment Team considers a wide array of commercially demonstrated technologies, primarily solar PV, battery storage, equipment associated with energy efficiency retrofits, small hydro, anaerobic digesters, fuel cells, on-shore wind, as well as clean energy mobility.
The Associate Director, Underwriting will support the Investment Team with its existing $200MM and expanding portfolio of loan, lease, loan loss reserves, guaranties and equity investments in energy efficiency, clean energy, and environmental infrastructure finance projects and/or programs of the Green Bank. The Associate Director works with a high degree of independence and initiative and is expected to be very knowledgeable in the areas of energy and environmental finance, typically taking assignment of challenges of significant complexity. The position requires a great amount of discretion, authority, and responsibility and will support various business development officers in the origination and execution of new loans. The Associate Director works closely with the Investments team, Financing Programs origination team, and the internal legal team to ensure proper credit risk management, financial modeling, risk rating determinations and subsequent credit review and risk rating adjustments, review and analysis of financial statement reports, conducting due diligence, helping structure the transaction, assessing credit risk, preparing deal screen presentations, writing credit approval memorandums, presenting recommendations to the Green Bank staff level credit committee as well as the Green Bank Board of Directors and its Deployment Committee, and monitor and manage the credit portfolio.
The Associate Director also works closely with the Asset Management team, coordinating receipt of financial information, covenant tracking and compliance monitoring, review of borrowing base certificates, and with the Accounting Department concerning loan servicing / collections and accounts receivable aging schedules, etc. The position requires a proactive banker with strong credit acumen, excellent communication skills, adroit customer relationship management, as well as the ability to effectively prioritize multiple requests and meet tight deadlines.
EXAMPLES OF DUTIES:
The Associate Director will be the principal party to guide the underwriting and credit of transactions. Specifically, the Associate Director will be responsible for:
MINIMUM QUALIFICATIONS REQUIRED:
The following minimum qualifications in knowledge, skill, and ability are required:
EXPERIENCE AND TRAINING:
A Bachelor's degree but a Master's degree is preferred in accounting, finance or related field with proven academic excellence. In addition, formal credit training and minimum 10 years of underwriting and portfolio management experience either within a commercial banking lending team or a community development financial institution.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit; use hands to finger, handle, or feel; reach with hands and arms and talk or hear. The employee is occasionally required to stand and walk. The employee must occasionally lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.
HOW TO APPLY:
To apply for this position, please follow the link below and click on the "Associate Director, Underwriting" position. Please submit a cover letter and resume in order to be considered for this position.
Closing Date: February 15, 2023 or when a qualified candidate is identified.