Senior Credit Officer, Commercial – Solar & Renewable Energy

This is a fully remote position, open to applicants in North Carolina.

📋 Description

• Act as the embedded credit officer for the solar and renewable energy lending team.

• Collaborate with bankers and underwriters to define deal structure, terms, and risk mitigation strategies.

• Authorize solar and renewable energy credit requests within individual authority limits.

• Present larger or more intricate transactions to the Commercial Finance Credit Committee and senior credit executives.

• Offer subject matter expertise on solar and renewable energy projects and financing models.

• Analyze project economics, revenue quality, contracts, energy production forecasts, debt sizing, and DSCR sculpting.

• Evaluate the strength of sponsors, developers, EPC, and O&M counterparties, as well as project risks.

• Supervise construction lending credit components, draw reviews, milestone and COD tracking, and conversion conditions.

• Maintain credit oversight of the solar and renewable energy portfolio.

• Track project performance, covenants, reserves, annual reviews, and risk ratings.

• Detect early warning signs and lead resolution strategies for watch list and distressed loans.

• Approve modifications, waivers, consents, and extensions within individual authority limits.

• Contribute to credit policy, underwriting standards, concentration monitoring, and portfolio reporting.

• Conduct site visits to operational and under-construction projects.

• Support loan production and ensure adherence to risk policies and mitigation measures.

• Collaborate with various departments involved in loan production.

• Assist with credit training, board reporting, credit policy updates, and participation in the Commercial Finance Credit Committee.

• Support transactions and portfolio activities across other Commercial Bank lending sectors as capacity permits.

• Maintain awareness of regulatory requirements related to BSA, AML, CIP, and OFAC.

⛳️ Requirements

• Over 7 years of experience in solar and renewable energy credit, including financial analysis, underwriting, structuring, and project-level and portfolio financing credit approval.

• Proven experience in decision-making or recommending credit approvals for solar and renewable energy transactions, encompassing construction and term financing.

• Proficient understanding of PPAs, interconnection agreements, EPC and O&M contracts, independent engineer reports, and tax equity and tax credit transfer frameworks.

• Experience in managing a renewable energy loan portfolio, including risk rating, covenant oversight, and resolution of problematic loans.

• Strong grasp of the Bank’s policies, procedures, and criteria.

• Excellent written and verbal communication skills, particularly in presenting credit recommendations to committees.

• Experience in commercial lending and sales.

• Familiarity with commercial real estate, sponsor finance, venture banking, or ABL is advantageous.

• Familiarity with USDA or SBA guaranteed lending programs is a plus.

🏝️ Benefits

• Annual bonuses.

• Long-term incentives.

• Paid sick leave (at least the minimum required in applicable states).

• Equal access to programs, services, and employment opportunities.

• Reasonable accommodations for the application/interview process.