Senior Credit Officer, Commercial – Solar & Renewable Energy

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🔥 11 minutes ago

🌲 North Carolina – Remote

🌲 North Carolina – Remote

💵 $190.2k - $262.1k / year

⏰ Full Time

🟠 Senior

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Live Oak Bank

WebsiteLinkedInAll Job Openings

501 - 1000 employees

Founded 2008

🏥 Healthcare

🍽️ Food & Beverage

🛡️ Insurance

💰 $75M Private Equity Round on 2014-08

Healthcare • Food & Beverage • Insurance

Live Oak Bank is a fully digital bank that offers a wide range of banking products and services to both businesses and individuals. The bank specializes in high-yield savings accounts, certificates of deposit (CDs), and a variety of business loans such as SBA and USDA loans. They emphasize competitive interest rates and digital accessibility, allowing customers to manage their finances without physical branches. As an FDIC-insured institution, Live Oak Bank is committed to providing reliable and secure banking solutions. Additionally, they focus on personalized banking experiences by connecting directly with clients to tailor loan strategies that meet individual business needs.

📋 Description

• Serve as the embedded credit officer for the solar and renewable energy lending team • Engage with bankers and underwriters to shape deal structure, terms, and risk mitigants • Approve solar and renewable energy credit requests within individual authority • Present larger or more complex transactions to the Commercial Finance Credit Committee and senior credit leadership • Provide subject matter expertise on solar and renewable energy projects and financing structures • Evaluate project economics, revenue quality, contracts, energy production estimates, debt sizing, and DSCR sculpting • Assess sponsor, developer, EPC, and O&M counterparty strength and project risks • Oversee construction lending credit aspects, draw review, milestone and COD tracking, and conversion conditions • Own credit oversight of the solar and renewable energy portfolio • Monitor project performance, covenants, reserves, annual reviews, and risk ratings • Identify early warning signs and lead resolution strategies for watch list and troubled loans • Approve modifications, waivers, consents, and extensions within individual authority • Contribute to credit policy, underwriting standards, concentration monitoring, and portfolio reporting • Conduct site visits to operating and under-construction projects • Support loan production and ensure compliance with risk policies and mitigants • Work cross-functionally with departments involved in loan production • Assist with credit training, board reports, credit policy maintenance, and Commercial Finance Credit Committee participation • Support transactions and portfolio activities across other Commercial Bank lending verticals as capacity allows • Maintain regulatory awareness of BSA, AML, CIP, and OFAC

🎯 Requirements

• 7+ years of solar and renewable energy credit experience, including financial analysis, underwriting, structuring, and credit approval of project-level and portfolio financings • Demonstrated experience decisioning or recommending credit approvals on solar and renewable energy transactions, including construction and term financings • Working knowledge of PPAs, interconnection agreements, EPC and O&M contracts, independent engineer reports, and tax equity and tax credit transfer structures • Experience managing a renewable energy loan portfolio, including risk rating, covenant monitoring, and problem loan resolution • Strong understanding of the Bank’s policies, procedures, and criteria • Strong written and verbal communication skills, including presenting credit recommendations to committee • Commercial lending and sales experience • Exposure to commercial real estate, sponsor finance, venture banking, or ABL is a plus • Exposure to 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, service and employment • Reasonable accommodation for the application/interview process

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