MI Saves Loan Origination Manager

Lansing, MI
Full Time
Mid Level
POSITION OVERVIEW
The Loan Origination Manager evaluates and deploys capital for clean energy projects, including energy efficiency, renewable energy, energy storage, and transportation electrification, supporting Michigan Saves’ mission and strategic priorities.  The Loan Origination Manager reports to the Chief Investment Office and manages all aspects of transactions, including deal screening, origination, and structuring, term sheet execution, document preparation, lending committee presentations, and closing in accordance with Michigan Saves direct lending policies and procedures. In addition to originating loans and other financing structures directly, the Loan Origination Manager will also work with third-party capital providers to mobilize additional capital directly and indirectly.

MI Saves contracts directly with Public Sector Consultants (PSC) to provide staffing and management services.  The Loan Origination Manager will be an employee of PSC.

ESSENTIAL DUTIES
Underwriting and Investment Management:
  • Support the screening, origination, and structuring of clean energy financing transactions based on Michigan Saves strategic objectives and lending policies
  • Manage all aspects of advancing a financing transaction from initial intake to term sheet execution to closing including: interfacing with borrowers, obtaining and analyzing necessary documentation, leading due diligence efforts, coordinating and reviewing the work of third-party financial and legal advisors, transaction structuring and negotiations, document preparation, and advancing internal approvals to ensure a timely close 
  • Underwrite transactions, facilitate due diligence activities, and provide a comprehensive evaluation and risk analysis of investment opportunities
  • Structure and negotiate financing terms of financing and investments with counterparties and partners; advise on the appropriate capital structure and develop and/or review financial models and term sheets
  • Prepare and negotiate loan documents with assistance from legal counsel as needed
  • Prepare and/or review investment memorandums and presentations for direct lending committee and board approvals
  • Drive execution of investments and support ongoing portfolio management in accordance with established guidelines with oversight by the CIO, and input from Direct Lending Committee
  • Support the CIO in directing and overseeing the work of external financial consultants and legal counsel on the underwriting, negotiation, and structuring of transactions
  • Ensure consistent application of direct lending policies and procedures and recommend to the CIO areas for improvement to increase efficiency and effectiveness in origination, underwriting, loan closing, loan servicing, asset management, and risk management
Portfolio Management:
  • Support on-going portfolio management and monitoring of investments, including preparation of periodic investment reviews and presentations to the CIO, Direct Lending Committee, and Board Finance Committee
Research and Analysis:
  • Identify market trends and market opportunities, including areas where Michigan Saves can provide additionality in terms of financing market transformation 
  • Support the development of innovative funding models to attract private and public investments 
  • Encourage innovative approaches to financing and investment, exploring new models that can increase capital for clean energy and sustainability projects 
QUALIFICATIONS
  • Bachelor’s degree in finance, economics, or a related field or equivalent experience; MBA, CFA, or advanced degree preferred.
  • Minimum of 5 years of experience in loan origination, investment management, finance, or a related field, preferably with a focus on clean energy. Must demonstrate proficiency in originating and executing project, infrastructure, and/or structured finance transactions.
  • Thorough understanding of project finance and other structured financing-related structuring and documentation
  • Ability to take the lead in negotiating transaction terms & conditions and documentation 
  • Ability to work under tight deadlines and handle multiple tasks in a fast-paced, dynamic environment 
  • Outstanding credit analysis skills and ability to evaluate a variety of sustainable infrastructure investment opportunities 
  • Strong analytical skills with the ability to evaluate complex financial models and investment proposals
  • Excellent communication and interpersonal skills, capable of building relationships with diverse stakeholders
  • Self organized with excellent attention to detail
  • Dedication to clean energy and climate finance and a passion for change and innovation
WORK ENVIRONMENT
Michigan Saves employees work fully on-site or in a hybrid environment. Work is primarily performed indoors, with extended periods at a computer or on the telephone. The nature of the work involves multitasking, completing repetitive tasks, and having contact with the public and clients.

COMPENSATION
  • Salary range of $84,000 - $100,000 commensurate with education and experience
  • Competitive medical, dental, life, disability, and voluntary vision
  • Company 401(k) contribution
  • Paid time off granted upon start date
  • Nine paid holidays per year
  • Paid parking

Review of applications will begin on February 14, 2025.  All materials must be submitted as PDF or Word documents.  If you have trouble with the upload page or have questions about the position, please email: [email protected].


 
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