The Account Executive for the Joint Venture group will have an integral role in the day-to-day management of the JV client portfolios and Alternative Energy relationships, while assisting in developing strategies for workout clients, and supporting the group with new JV opportunities.
Responsible to ensure the Joint Ventures and Alternative Energy relationships are managed according to approved Standard Operating Procedures and Underwriting requirements.
Closely monitor individual JV Client performance and Risk Ratings on a routine basis and provide feedback/recommendations.
Prepare the client credit narratives (CAR) or amendments for approval of any changes to existing facilities.
Work closely with various groups (BDO’s, UW’s, JV Partners) to assist in the underwriting and onboarding of new prospective Joint Venture clients.
Review due diligence and required documentation on all new Joint Venture clients to ensure information is accurate and meets SOP and underwriting requirements.
Support Joint Venture Partner field examinations to understand collateral and financial trends.
Assist with internal and external audits of the Joint Ventures and Alternative Energy transactions and work with JV group to provide appropriate responses and supporting documentation.
Review month-end reporting for all JV’s and Alternative Energy and prepare the necessary reports for Crestmark/Meta.
Provide support in the underwriting of prospective Alternative Energy transactions, reviewing appraisals, cost certifications, and independent engineering reports.
Responsible for monitoring the Alternative Energy portfolio to ensure solar projects and fuel cells leases are performing as expected and underwriting requirements are being met.
Review and assist in preparation of monthly watch credit materials and Adverse Asset Reports.
Review and provide feedback on JV and Alternative Energy group financial operating performance.
Perform other duties as assigned. This position will normally have some overlap in the job functions of the Joint Venture Commercial Underwriter who is responsible for underwriting the various JV products: term loans, leases, factoring, asset-based lines of credit, alternative energy sale-leasebacks, etc.
Manage portfolio through complete and current knowledge of client’s financial condition, management’s performance, and industry trends, and take timely action so client losses are minimized and do not exceed budgeted standards.
Responsible for ensuring all advances and loans comply with loan policy and approved structure.
Attain an acceptable contribution to overhead and/or profit from each client arrangement to achieve individual profit objective.
Responsible for documenting all relationships to ensure approved and required legal documentation.
Resolve factoring and asset-based lending service problems, control operational costs, and minimize loss of clients to competition.
Propose changes in policies and procedure to reduce costs and provide better and more efficient services.
Develop and operate within individual budget to control expenses.
Structure and underwrite changes to existing deals for management approval.
What you will need:
Learns to use professional concepts. Applies company policies and procedures to resolve routine issues.
Works on problems of limited scope. Follows standard practices and procedures in analyzing situations or data from which answers can be readily obtained. Builds stable working relationships internally.
Normally receives detailed instruction, guidance, and direction from more senior level roles.
Typically, 1-2 years with Bachelor’s degree or equivalent and work experience.
Customer service
Communication skills (verbal and written)
Collaboration
Financial acumen
Who we are:
At MetaBank, we take tremendous pride in our mission to create financial inclusion for all. We are the leader in providing innovative financial solutions for people who have been seemingly overlooked by traditional financial institutions. Our goal is to bring tangible solutions that help people develop a plan, gain access to financial systems, establish liquidity, and get practical, systemic assistance to stay on rack. We operate in several different financial sectors including payments, commercial finance, tax services, and consumer lending. We are in the business of providing services that change lives, and we are confident that MetaBank will be the most rewarding work of your career.
We are a team of problem solvers and innovators who celebrate our differences and know that our unique perspectives make us stronger and well-positioned for success. Our commitment to inclusion is woven into our DNA. We believe that we are strongest when we embrace the voices of our employees, customers, partners, and the communities we serve. We’re proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, ethnicity, religion, age, sexual orientation, national origin, gender identity, disability, or protected veteran status.
