Description
The Role
The Director or VP of Capital Solutions is a management and origination role within the Capital Solutions team and is a great role for someone looking to play a leadership role at a fast-growing PE backed business. This role’s primary objective is to support the growth of our Capital Solutions business, underwriting and financing distributed energy assets such as solar, batteries, and microgrids. This role will work closely with, and report to, our Chief Investment Officer, and is an instrumental role for helping our company grow. It will be based primarily out of our New Jersey headquarters. Due to COVID-19, the role will likely involve working remotely, until conditions permit in-person work. The role includes the following responsibilities:
Project Underwriting, Structuring and Financing:
- Collaborate across organizational functions to structure, finance and underwrite distributed energy projects.
- Assist in the execution of deals for individual projects, integrating commercial, engineering, finance, structuring and credit functions into the solution.
- Manage financial, legal, accounting and other diligence for projects.
- Assist in the negotiation of project, portfolio, and corporate debt, cash equity and tax equity financing and manage relationships with financial institutions.
Credit and Portfolio Risk Management
- Evaluate risk analysis for individual deals at each stage as well as the portfolio.
- Assess and manage counterparty credit risk at project, portfolio and corporate levels.
- Create and track portfolio guidelines, ensuring diversification across various asset types, developers, technologies and geographies.
Business Development and Sourcing:
- Identify and source opportunities to finance third party distributed energy projects.
- Build developer relationships and negotiate key partnership terms.
- Assist in the development of marketing materials for the Capital Solutions business.
Investment Strategy:
- Help shape the on-going development of Scale’s investment criteria in response to market conditions and opportunities.
Talent Development:
- Lead team and extended staff to optimize their operations and long-term development in support of their careers and the broader strategy.
- Promote diversity and foster teamwork, collaboration, and a learning organization.
Governance:
- Ensure effective governance is established such that Scale can make timely financing decisions at each stage of an investment’s lifecycle.
Stakeholder Engagement:
- Maintain positive and effective business relationships internally across Scale’s enterprise business.
- Proactively engage with the executive leadership team on investment issues and business innovation, and their impact to overall business strategy.
Requirements
For you to be successful in the role, you should have:
- Minimum 7 years of experience financing or investing in infrastructure or renewable energy projects, including distributed generation
- Minimum 3 years of experience managing analyst or associate level financial professionals in a “deal team” structure
- BS (preferably in Finance, Economics, Mathematics, or Engineering); MBA or CFA preferred
- Demonstrated financial modeling competency to evaluate different capital structures across the various debt markets (development capital, commercial bank financing, leveraged finance (Term Loan B and High Yield Notes), mezzanine / Holdco debt
- Experience negotiating, closing and documenting debt and tax equity financings
- Experience developing and auditing complex financial models
- Experience with project and portfolio M&A execution
- Demonstrated experience originating transaction opportunities
- Working knowledge of off-take arrangements for distributed energy
- Experience conducting project / portfolio due diligence and managing third party consultants and transaction counsel
- Strong interpersonal skills and ability to effectively communicate information and strategic goals to non-financial people
- Proactive and forward-thinking attitude and creative problem-solving ability and an ability to “manage-up”
- Understanding of the technical/commercial terms and their impact on projects
Benefits
We help you and your family stay healthy with extensive medical benefit options and coverage, we offer a competitive compensation package and 401k matching, and our time off policy encourages employees to replenish their energy when they need it.
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