Director, Project Finance, M&A, Capital Markets

ABOUT AVANTUS

Avantus is shaping the future by making reliable, low-cost clean energy a global reality. Our legacy of leadership in next generation solar energy includes developing one of the nation’s largest solar clusters and one of the first projects to beat fossil fuel prices back in 2016. Today, we are expanding the boundaries of existing technologies to build one of the largest portfolios of smart power plants with integrated storage, capable of providing millions of people with affordable, zero-emission energy – day and night. Through our relentless pursuit of better, we are decarbonizing our planet at the gigaton level, and bringing the advantages of clean energy to all of us.

ABOUT THE POSITION

The Director of Project Finance position is responsible for managing the analysis of various financing options for our utility-scale PV+S projects under development as well as new development opportunities. This position will support all aspects of transaction execution, from acquisition to divestiture.  

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES: 

• Identify potential project investors within the equity, banking  and tax equity communities and develop strategies to execute our utility-scale solar and storage project pipeline in the US; propose, facilitate, and close project financings 

• Create and maintain complex project finance models for internal and external parties to evaluate renewable energy projects during various stages of development, construction, and operation on an individual and portfolio basis 

• Specifically synthesize and model terms of construction loans, tax equity bridge loans, and sponsor equity with back-leverage loans in various tax equity structures 

• Review project documentation and third-party reports, including PPAs, financing term sheets and agreements, IE reports, etc., and accurately integrate assumptions into financial models 

• Support project team to assess financeability issues related to PPAs, EPC and Procurement Agreements, and other major contracts or development topics 

• Independently develop and run sensitivities in models and quantify resulting impact on sponsor IRRs, margins, and other key metrics 

• Create marketing materials for fundraising, including teasers, CIMs, and management of data rooms 

• Manage closing process, including coordinating reviews and approvals across multi-functional teams, to bring the transaction to financial close under tight timeframes 

• Contribute to updates to underwriting standards to ensure proper market and internal assumptions are accurately captured in the financial models 

• Perform other duties and special projects, as assigned  

REQUIRED SKILLS AND QUALIFICATIONS: 

• Minimum 5-8 years of project finance or investment banking experience in the renewable energy (or similar) industry 

• Strong financial modeling capabilities and structuring experience 

• Familiarity with project finance structures, including tax equity, construction financing, and back-leverage 

• Experience creating marketing materials, including teasers, CIMs, and managing data rooms 

• Demonstrated ability to bring closure to complex and high value financings/transactions under tight timeframes; investment banking experience a plus 

• Demonstrated ability to work with cross-functional teams, including managing the financial, legal, and internal review and approval process to successfully close transactions 
• Strong communication skills with proven track record in building relationships and working in cross-functional collaborative teams 
• Comfortable working in a fast-moving and dynamic environment 

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