Vice President - Renewable Energy Project Finance (Santa Monica)

First Citizens Bank is seeking a Vice President of Renewable Energy Project Finance in Santa Monica, CA. This role involves managing deal processes, leading internal teams, reviewing legal documents and financial models, conducting due diligence, and preparing credit memos and marketing materials. Candidates should have a Bachelor's degree and 6+ years of project finance experience, with strong financial modeling and communication skills. The position offers a base salary of $150,000 to $175,000, plus variable compensation.
Overview:

First Citizens Bank acquired CIT Bank in 2022 and Silicon Valley Bank in 2023, creating the 16th largest bank in the United States with over $200B in assets. It is now the largest family-controlled bank in the country. The bank is headquartered in Raleigh, North Carolina, with offices in New York, Los Angeles, San Francisco, Omaha, Phoenix, Jacksonville, and Columbia.

Power and Renewable Energy Finance Group Overview

FCB’s Power and Renewable Energy Finance Group consistently ranks among the top banks in leading debt financings for power and renewables projects in the U.S.. In H1 2023, it was ranked #4 in US Power and Energy Project Finance by Power Finance & Risk, a top publication covering the energy project finance industry.
Responsibilities:
• Manage overall external-facing deal processes including day to day interaction with client, consultants, and lawyers
• Lead internal teams across workstreams related to deal underwriting and processing
• Review transaction legal documents and provide commentary in the context of deal negotiation
• Review financial models prepared by junior team members, ensuring accuracy and functionality
• Lead due diligence efforts and prepare Q&A logs for potential lending opportunities
• Review consultant reports from independent engineers, insurance consultants, appraisal, and power market consultants
• Prepare internal credit memos
• Prepare marketing materials for potential clients and lenders
• Stay up to date with industry trends and power markets
• Train junior team members on modeling and other job responsibilities

The base pay for this position is relative to your experience but the range is generally $150,000 to $175,000 per year. This position is eligible for variable compensation, which may be in the form of incentive, bonus, or commission pay. First Citizens offers a competitive, comprehensive benefits program which you can review here: .
Qualifications: Bachelor's Degree and 6 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve-month analysis. Management OR High School Diploma or GED and 10 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve-month analysis. Management Preferred
• Bachelor’s degree in a quantitative field
• 6 years of experience in project finance at a corporate or investment bank, renewable energy company, consulting firm, or renewables focused private equity or private credit fund
• Outstanding financial modeling skills
• Strong written and oral communication skills, including comfort interacting with clients and consultants
• Strong understanding of tax equity and debt structures used in the U.S. renewables space
• Strong understanding of risks related to power and renewable energy projects
• Experience reviewing legal documents