Director of Project Finance
Job Description
Pine Gate Renewables is a leading renewable energy company focused on project development and strategic financing of solar and storage projects throughout the United States. The company’s Pine Gate Impact initiative contributes to multiple non-profit organizations aimed at improving the environment and local communities. Headquartered in Asheville, NC, Pine Gate Renewables made the Inc. 5000 list in 2021, placing at #37 and named to Fast Company’s Most Innovative Companies list in 2021. Pine Gate Renewables works every day to achieve its mission to “Get Solar Done.” For more information, visit pinegaterenewables.com.Â
The Director of Project Finance will report to the Vice President of Project Finance and will lead the structuring and execution of project-level tax equity, debt, and cash equity capital raise transactions. They will manage the project finance pre-launch and closing processes, coordinate and negotiate documentation and with third party consultants as well as manage both internal and external stakeholders through the pre-launch and closing periods.  The Director will also manage the analyst and associate staff assigned to the transaction while reporting/communicating status to the Vice President of Project Finance and senior leadership. This Director of Project Finance position requires in-depth knowledge of project-level fundamentals to work collaboratively with Pine Gate’s interdepartmental team members. The Director position also requires extensive knowledge and experience in negotiating debt and tax equity structures to provide thought leadership and process leadership to each deal.Â
What You’ll Do
- In collaboration with the VP, lead the day-to-day negotiation, structuring, and execution of tax equity, construction and perm debt, and sponsor equity capital raise transactions
- Provide leadership and manage deal team analysts and associates during financing executions
- Evaluate current and potential project acquisition and financing opportunities through forecasting cash flows, tax impacts, and investor returns and take ownership of the overall profitability of the financings
- Conduct preliminary project due diligence to identify risks and mitigants
- Manage financial models, prepare marketing materials, manage third party consultants, and assist in marketing deals and negotiating transaction documents
- Coordinate with finance providers on due diligence and documentation
- Coordinate the drawdown and closing process with respect to construction debt, tax equity, permanent debt, and permanent cash equity providers
- Assist VP of Project Finance in pipeline evaluation and analysis, as well as project-related capital planning and forecasting
- Support senior management on various financing related matters on an on-going basis
Must-Haves
- 7 to 10 years of relevant project finance experience executing project finance transactions within the U.S. power or infrastructure sectors
- Project finance debt, equity, and/or tax equity deal execution experience
- Solar or renewable energy project finance experience
- Transaction and deal team leadership experience
- Experience leading project finance capital raise transactions and managing a deal team of project finance professionals across experience levels
- Executive-level verbal and written communication skills
- Excellent quantitative, analytical and communication skills
- Ability to work independently, multi-task, think critically, prioritize, and meet assigned deadlines in a fast-paced and ever-changing environment
- Advanced Microsoft Excel skills
Nice-to-Haves
- Tax equity experience across multiple tax structures
- Network of project finance debt and tax equity capital relationships
- Familiarity with tax and accounting methods
Education and Certifications
- Bachelor’s Degree required, preferably in Finance or Accounting.
Working Environment and Physical Demand
- Some travel may be required, up to 15%.
Pine Gate Renewables believes in taking care of our employees by offering benefits that support their physical, mental, and financial well-being. Â Our comprehensive benefits package includes medical, dental, vision, matching 401k, Paid Time Off, paid holidays, training, and development, giving back to the community, remote work options, dog-friendly offices, and much more. Pine Gate Renewables is committed to diversity, equity, and inclusion in the workplace.
Pine Gate Renewables does not accept any unsolicited resumes or referrals from any third-party recruiting firms or agencies.
Date Posted
05/26/2023
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9
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