What are the responsibilities and job description for the Director, Project Finance position at Clēnera, LLC?
Clēnera is a tier-one developer and independent power producer located in Boise, Idaho, and a subsidiary of Enlight Renewable Energy (Nasdaq: ENLT). We develop, finance, construct, own, and operate utility-scale solar and energy storage facilities throughout the United States. Clēnera has over 1.5GW of solar and 3.2GWh of storage in operations or construction, and a development pipeline totaling 13.3GW of solar and 32.8GWh of storage across 23 states. Our company culture is at the core of everything we do, so you'll regularly find Caring, Committed, and Courageous individuals who value respectful, cross-functional collaboration with partners internally and externally. We are experiencing tremendous portfolio growth, which means our headcount continues to grow to meet the demands of the business. Are you ready to change the world with us?
ABOUT THE ROLE
The Director of Project Finance leads the structuring, negotiation, and execution of debt and tax equity financing of solar and storage projects within the Clēnera portfolio. This role executes the strategy related to effective capital deployment, sourcing and evaluating financing structures inclusive of debt, tax equity and alternatives. This role is pivotal in securing capital to support project development, construction, and operations. May also source potential acquisition targets as well as strategic sell downs of projects within the Clēnera portfolio.
WHAT YOU'LL DO
- Lead all aspects of simultaneous highly-complex, structured financing for utility-scale solar and/or storage asset transactions, including debt, tax equity, and sponsor equity and under various deal structures.
- Develop pro formas for utility-scale solar and storage projects with accompanying assumption support and document review.
- Review financial models to analyze project assumptions, feasibility and profitability, including go/no-go recommendations for projects with supporting analysis.
- Lead internal financing processes and collaborate extensively with legal, finance, and other departments regarding oversight and preparation of due diligence materials, providing materials for debt and equity transactions, and documentation of structured or project finance transactions.
- Represent Clēnera in interactions with lenders, investors, and legal counsel to include financing terms and documentation.
- Conduct analysis of financing alternatives and solutions for optimization and negotiate financing agreements and deal structures to optimize financial outcomes.
- Support long-term strategic planning, including annual strategic recommendation to the executive team, for sourcing capital across various sources to meet the needs of the Clēnera platform.
- Prepare analyses and recommendations for, and participate in, monthly and quarterly investment reviews.
- Prepare analysis and resulting reports to support business operations. Lead/oversee analytical expertise on a wide variety of business initiatives.
- Monitor market trends and maintain individual relationships with financial institutions and capital providers.
- Support M&A activities and strategic financial planning for the IPP portfolio.
- Collaborate with individual department as well as cross-functionally with other departments within the organization.
- Lead and mentor team members and take accountability for training associates.
- Maintain organizational excellence in terms of project timelines and deliverables.
- Demonstrates the Clēnera Core Values of Caring, Committed, and Courageous.
- Other duties as assigned.
MINIMUM REQUIREMENTS
- Education: Bachelor's degree in finance, business, energy/environmental, or related field. MBA or other advanced degree or equivalent preferred.
- Experience:
- Minimum of 10 years of experience in Capital Markets, Project Finance, and/or tax equity structures, or investment banking.
- Minimum of 8 years of experience in Project Finance or M&A in the US renewable energy industry.
- Technology: Proficiency with Microsoft Office Suite, and an ability to learn company-specific software programs, tools, processes, and machines.
- Skills/Attributes:
- Deep understanding of tax equity structures, debt financing, and energy market dynamics.
- Strong financial modeling and analytical skills.
- Proven track record of closing complex transactions.
- Excellent negotiation, communication, and leadership abilities.
- Accountability and independence in setting goals and timelines, proactively completing tasks, and setting clear expectations for yourself.
- Ability to analyze complex data and situations to make decisions.
- Independently driven with ability to progress and close transactions with limited oversight
- Exceptional organizational skills.
- High-degree of self-motivation with the ability to effectively solve problems with little direction.
BENEFITS
- Clēnera pays 100% of employee and dependent premiums for a suite of medical, dental, and vision coverages.
- Hybrid Work Environment
- HSA and FSA Plans Available
- Employee Assistance Program
- Retirement Plan with Employer Match
- Life Insurance (Basic, Voluntary, and AD&D
- Paid Time Off (Vacation and Public Holidays)
- Incentive Pay and RSU Plans
- Recruiting agencies, we are not currently accepting unsolicited referrals for this or any open role. We will not pay any fee associated with unsolicited referrals.
At Clēnera, LLC, we're an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, gender, sex, sexual orientation, age, veteran status, physical or mental disability, or any other basis protected by state or federal law.