What are the responsibilities and job description for the Tax Equity Financing Director Solar, BESS (Bilingual Korean) position at Cesna Recruitment?
Seeking a Tax Equity Financing Director who will conduct tax equity and project financing of Solar/Wind/BESS projects in US/Canada.
[Job Description]
- Engages in overall detail scope of project financing of renewable energy projects (Solar, Wind, BESS) in US/Canada from initial structuring of financing tranches, financial model analysis, teaser/CIM preparation to closing financing documents. (major focus will be Solar/BESS)
- Develops bankable financial model. Analyzes project profitability under various financing structures such as tax equity, hybrid (tax equity tax credit sales) or tax credit sales etc. and under various business input scenarios to come up with optimal project strategy including offtake plan, financing structure etc.
- Provide strategic guidance to the O&M and Asset Management teams to mitigate Tax Credit Recapture Risk and ensure compliance with long-term tax equity structures (e.g., Transferability, Prevailing Wage, and Apprenticeship requirements under the IRA).
- Collaborates with different functional teams such as finance team in US(New Jersey)/Seoul, renewable energy business team in US(various states)/Seoul during the course of project financing process.
- Catches up up-to-date financing structure, financing terms in renewable energy sector under changing regulatory environment in US/Canada.
- Bachelor’s degree with strong academic record from a reputable undergraduate program.
- Minimum 5 years' working experience of tax equity financing field in Solar/BESS sectors in US with full financial closing experience/knowledge of tax equity financing, hybrid financing (combination of tax equity and tax credit sales) and commercial project loan.
- Excellent skills to develop and handle bankable financial model in Solar/BESS sectors in US reflecting various financing structures in the market.
- No restriction in business travel in US/Canada.
- Work in Ridgefield Park NJ HQ
- Highly committed, accountable and passionate about conducting a wide range of financing work while maintaining high degree of professional ethics and integrity
- English/Korean bilingual is highly preferred to communicate with HQ in Korea.