Job Summary

This position is to support the team in managing a portfolio of financed residential and non-residential solar energy projects. This role is responsible for the supporting the lead analyst in monitoring, servicing and accounting of the loan portfolio and is actively involved in decisions and recommendations to optimize portfolio performance. The position is expected to periodically provide inputs for budgets, cost recovery, income, business and operating issues, along with recommendations.

Key duties:

• Ability to manage complex MS Excel models with an excellent understanding of lending financial concepts and ratios and skills necessary for modelling contractual and technical parameters and performing sensitivity analysis.
• Coordinate internal risk rating analyses, other periodic portfolio evaluations and preparation of loan review reporting packages.
• Maintain accurate Excel-based financial models to analyse loan performance and compliance, and present them in a concise and logical manner.
• Maintain “watch list” of borrowers and loans requiring additional monitoring, coordinating with legal and technical resources as necessary.
• Ensure borrowers’ compliance with requirements of loan document, including maintaining insurance.
• Conduct restricted payment testing, including review of adequacy of debt service coverage ratios and reserves and compliance with loan agreement covenants.
• Evaluate consent requests from borrowers regarding proposed actions or decisions affecting loans and determine an appropriate course of action based on financial, legal, technical, commercial, and credit considerations.
• Support team in negotiations/documentation of loan workouts.
• Maintain logs of financial and operational issues and their resolution, enabling more effective diligence on future projects.

Job Types: Full-time, Contract

Pay: $43.00 - $46.00 per hour

Experience:

• Loan processing: 5 years (Required)
• Mortgage servicing: 5 years (Required)
• Underwriting: 5 years (Required)
• loan portfolio: 5 years (Required)
• Financial legal: 5 years (Required)

Ability to Commute:

• Newark, NJ 07102 (Required)

Ability to Relocate:

• Newark, NJ 07102: Relocate before starting work (Required)

Work Location: Hybrid remote in Newark, NJ 07102