What are the responsibilities and job description for the Project Finance Manager position at Verrus?
About Verrus
Data centers should be valuable assets to their customers, the grid, and the local community such that we are able to give customers what they want, where they want it, while cities and utilities are actively seeking us to build in their region.
Verrus is a developer of next generation, greenfield hyperscale data centers that flexibly leverage its onsite energy infrastructure (i.e. large scale BESS) through our proprietary technology. This allows Verrus to be a flexible resource to the grid, and provide grid services that facilitate interconnection and the effective procurement of power and carbon free energy, and balance traditional and variable uptime workloads (e.g., AI/ML). Verrus builds and capitalizes its turnkey data centers deeply integrated with energy resources, providing significant advantages over traditional designs.
Verrus is led by industry veterans with experience at the largest data center development companies as well as power & utilities, delivering GWs of data center capacity across four continents in their careers (representing billions of investment).
About Sidewalk Infrastructure Partners
Verrus is backed by Sidewalk Infrastructure Partners (SIP). With investment from Alphabet, Ontario Teachers’ Pension Plan, and Stepstone Group, SIP is a leading infrastructure holding company propelling one of the most ambitious infrastructure projects of this era: modernizing the electric power grid while building the compute superstructure that drives the global economy. SIP invests in and develops breakthrough businesses and projects at the intersection of scalable, affordable, and resilient energy and digital systems.
Following years of research and in collaboration with the Verrus management team, SIP formed Verrus to design, build, and operate the world's most innovative data centers, leveraging unique technology to develop a scaled project portfolio that delivers significant financial, environmental, community, and innovation outcomes.
Role
As a Project Finance Manager, you will play a critical role in driving company growth by managing capital activities, funding the development pipeline, and evaluating investment decisions. The role reports to the Head of Corporate Finance and Investment and internally works closely with legal, real estate, and energy. You will also interface closely with SIP, banking advisors, and external legal counsel.
This is a full-time position based out of Verrus’ Mountain View, CA office.
Responsibilities
The annual base salary range for this position is $150,000-$175,000. Compensation is determined by multiple factors, including market location, and may vary based on job-related knowledge, skills, and experience. Salary is only one part of Verrus’ comprehensive compensation package, which also includes a discretionary bonus, equity, general health benefits and paid time off.
How To Apply
If you are interested in consideration for this role, please apply through careers@verrusdata.com by submitting your resume with the job title in the subject line of your application email. Due to the amount of interest in Verrus’ work, we may not have the chance to follow up with you directly following your submission.
We are an equal opportunity employer. For us, this is more than legal boilerplate; it is reflective of a deeply held belief that our success depends on our willingness to recruit, hire, empower, compensate, reward, and promote the best and brightest individuals, of all backgrounds and characteristics.
Data centers should be valuable assets to their customers, the grid, and the local community such that we are able to give customers what they want, where they want it, while cities and utilities are actively seeking us to build in their region.
Verrus is a developer of next generation, greenfield hyperscale data centers that flexibly leverage its onsite energy infrastructure (i.e. large scale BESS) through our proprietary technology. This allows Verrus to be a flexible resource to the grid, and provide grid services that facilitate interconnection and the effective procurement of power and carbon free energy, and balance traditional and variable uptime workloads (e.g., AI/ML). Verrus builds and capitalizes its turnkey data centers deeply integrated with energy resources, providing significant advantages over traditional designs.
Verrus is led by industry veterans with experience at the largest data center development companies as well as power & utilities, delivering GWs of data center capacity across four continents in their careers (representing billions of investment).
About Sidewalk Infrastructure Partners
Verrus is backed by Sidewalk Infrastructure Partners (SIP). With investment from Alphabet, Ontario Teachers’ Pension Plan, and Stepstone Group, SIP is a leading infrastructure holding company propelling one of the most ambitious infrastructure projects of this era: modernizing the electric power grid while building the compute superstructure that drives the global economy. SIP invests in and develops breakthrough businesses and projects at the intersection of scalable, affordable, and resilient energy and digital systems.
Following years of research and in collaboration with the Verrus management team, SIP formed Verrus to design, build, and operate the world's most innovative data centers, leveraging unique technology to develop a scaled project portfolio that delivers significant financial, environmental, community, and innovation outcomes.
Role
As a Project Finance Manager, you will play a critical role in driving company growth by managing capital activities, funding the development pipeline, and evaluating investment decisions. The role reports to the Head of Corporate Finance and Investment and internally works closely with legal, real estate, and energy. You will also interface closely with SIP, banking advisors, and external legal counsel.
This is a full-time position based out of Verrus’ Mountain View, CA office.
Responsibilities
- Develop and maintain strong relationships with financing parties including lenders, advisors, investment tax advisors, and consultants
- Evaluate financing alternatives including investment tax credits using detailed financial models and scenario analysis
- Assist with transaction execution including due diligence (data rooms/research), project documentation, and transaction closing
- Support satisfying post-closing requirements including reporting, compliance, and draw schedules by coordinating internal and external cross-functional workstreams
- Build and maintain financial models to underwrite project investment, capital-at-risk, cash flow requirements, and debt/equity scenarios
- Create and present investment memos for capital approval
- Develop recommendations and presentations for key stakeholders including our Investment Committee, our Board of Directors, and external financing parties
- Bachelor’s degree in Finance, Business, Economics, Mathematics, Statistics, or equivalent field/experience
- 3 years experience executing greenfield project financings for infrastructure projects and/or treasury/ capital markets transaction experience including new capital raises, VDR management, post-closing reporting, and compliance
- Experience underwriting development projects in datacenter, energy, infrastructure, real estate or other similar industries
- Experience at a sponsor / developer / project owner at minimum, additionally experience in investment banking, project finance lending, or other relevant transactional roles
- Experience building DCF models in Excel to calculate financial returns, evaluate financing alternatives, and project scenarios
- Experience preparing investment memos and presentations for investment committee or board of directors
- Experience or willingness to work in an entrepreneurial/start-up environment balancing a wide scope of responsibility and collaborating cross-functionally
- MBA or other advanced degree
- Experience securing investment tax credits
- Proven ability to break down and solve intricate business problems; comfortable moving between detailed analysis and high-level strategic thinking
- Strong communication skills with the ability to translate complex strategies into clear, actionable recommendations, and to confidently present them to senior leadership
- Independently able to focus on the core of challenges and proactively takes the initiative to get things done
The annual base salary range for this position is $150,000-$175,000. Compensation is determined by multiple factors, including market location, and may vary based on job-related knowledge, skills, and experience. Salary is only one part of Verrus’ comprehensive compensation package, which also includes a discretionary bonus, equity, general health benefits and paid time off.
How To Apply
If you are interested in consideration for this role, please apply through careers@verrusdata.com by submitting your resume with the job title in the subject line of your application email. Due to the amount of interest in Verrus’ work, we may not have the chance to follow up with you directly following your submission.
We are an equal opportunity employer. For us, this is more than legal boilerplate; it is reflective of a deeply held belief that our success depends on our willingness to recruit, hire, empower, compensate, reward, and promote the best and brightest individuals, of all backgrounds and characteristics.
Salary : $150,000 - $175,000