Group: Renewables & Power Team

Location: New York, NY

Level: Associate

About ING:

Ranked #8 on LinkedIn Top Companies in Financial Services and named to Crain’s 100 Best Places to Work

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 – Renewables & Power (“R&P”) team is part of ING Sector Coverage. The R&P team covers power & renewables market in the Americas, with a primary focus on leading project finance lending transactions. The team covers all power generation technologies including natural gas, solar, wind, hydro, geothermal and battery storage.

Minimum Qualifications:

• Education: Bachelor’s Degree in Accounting, Finance, Economics or Math
• Experience: 4-5 years of relevant project/corporate finance experience ideally in the North American power industry

Job Description

• New Deal Origination / Execution: Support MDs, Directors and VPs in the R&P Team in the origination of and/or participation in project financings with an emphasis on power project transactions. Responsibilities include but are not limited to onboarding of clients/ borrowers, KYC, preparing presentations, greenlight memos, credit, industry & market analysis and written summaries for new lending transactions, building return and project finance debt models from scratch, application of internal application to process risk rating models, greenlight memos, credit applications and ancillary documents, performing due diligence and preparing presentation materials for new financing opportunities, capital structuring or M&A transactions in the power sector, assisting in the maintenance of industry and market intelligence databases.

• Portfolio Management: Support MDs, Directors and VPs in the R&P Team in monitoring of the loan portfolio including but not limited to preparing and processing annual credit reviews, preparing and processing loan modification / amendment requests, tracking covenant compliance and maintaining internal portfolio tracking metrics, reviewing legal documentation, maintaining credit files and loan documentation, reviewing and processing borrowing and disbursement requests, interfacing with Risk Management, internal and external Legal and Loan Operations, and preparing periodic pipeline and profitability reports.

Requisite Skill Set:

• Strong academic track record with Undergraduate or Masters from top school
• Solid math skills essential; solid statistical skills useful
• Strong written and oral communication skills
• Must be highly detail-oriented and accurate
• Must be able to manage multiple projects simultaneously and meet tight deadlines
• Proficiency in MS Office (Excel, Word, PowerPoint): Must have outstanding Excel skills and be able to build financial debt models very soon after starting.
• Fundamental understanding of GAAP accounting principals and comfort with core financial statements (Income Statement, Cash Flow Statement and Balance Sheet).
• Fundamental understanding of key financial markets and products.
• Basic understanding of corporate and bankruptcy law.
• Team Player, self-motivated high quality/high quantity producer

Other:

• Writing sample – preferably a credit analysis
• Taking a basic debt modelling test
• References
  • Project M
  
  

Salary Range: $120,000 - $155,000

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.