VP, Capital Markets
Job Description
Join the Origis Energy Team!
Origis Energy is bringing clean and cost effective solar and energy storage solutions within reach for utility, commercial, industrial and public sector clients. The Origis team has worked to ensure the interests of all stakeholders are upheld in 170 projects worldwide totaling over 4 gigawatts to date of developed solar and energy storage capacity.
The Origis team, regarded as one of the leading developers in the U.S., is committed to living five core values in all interactions both with each other and external stakeholders:
Solve for Tomorrow. A role with Origis Energy puts you at the forefront of the transition to clean energy. Are you ready to bring new ideas? Do you exist to find solutions? That’s how we revolutionize energy and build a carbon-free future - through unmatched service and relentless innovation.
Rise Together. To succeed here, you’ll collaborate with others and work as one team, across various teams including solar and energy storage development, financing, engineering, procurement and construction (EPC) and operations, maintenance and asset management. Are you open to diverse perspectives and prepared to work seamlessly across disciplines to reach our collective goals?
Perform at Peak. We’re seeking team members who bring authentic energy and passion to every task. How can you use your natural strengths, genuine optimism and intelligence to make your greatest contributions to Origis?
Inspire & Grow. The Origis team is comprised of knowledgeable, passionate solar and energy storage experts who bring deep expertise and solution-driven thinking to clients. A successful Origis team member encourages others and sets a high bar for growth. We have a culture of continuous improvement because each team member takes the role of both learner and mentor.
Be Resilient. The spirit in which we tackle the energy challenges and objectives of our clients means we consistently stretch for the extra mile. We all take initiative and remain adaptable, overcoming obstacles by prioritizing respect.
Position Description
Origis Energy is seeking an experienced capital markets executive with a proven track record of managing renewable energy development, construction, and operational stage project financings. The candidate will serve an integral, leadership role overseeing a high performing project finance team responsible for all aspects of debt and tax equity capital sourcing and financings. The role provides an opportunity to join a leading, vertically integrated renewable energy developer with an extensive and growing pipeline of utility scale solar and energy storage projects. This position will report to the Managing Director of Finance & Accounting.
The Vice President Capital Markets is a regular, full-time position, and is eligible for our generous employee benefits package, including employer paid health insurance, paid time off, a 401(k) plan with employer matching contributions, and other great benefits.
Key Responsibilities
- Provides hands-on leadership, guidance, mentorship, training, development, and performance management to the project finance staff
- Ensures that the project finance/capital markets organization is optimally structured and sized to support the needs of the business
- Responsible for sourcing the different capital needs of the company, including debt, tax equity and sponsor equity
- Cultivates and manages relationships with capital providers including tax equity investors and lender institutions
- Develops strong relationships with third-party legal, technical, and tax advisors to manage deliverable quality, cost, and schedule for financial closes
- Provide support and oversight to the structuring, negotiation and execution of project financings using a variety of non-recourse structures including tax equity and debt transactions
- Oversees development, preparation, and ensures quality control of standard financial models for project and acquisition financings
- Ensure company-established project underwriting criteria are incorporated into financing structures; evaluate risks, sensitivities, and opportunities to improve from underwriting base cases
- Prepare internal, investor and lender presentations, analyze term sheets and proposals and coordinate with internal and external stakeholders to manage timely approval and closing processes
- Identify and monitor project and portfolio level financial risks and provide recommendations to mitigate exposures
- Monitor industry trends and developments in areas such as ITC, PTC, direct pay, tariffs, supply chain, interest rates, Libor transition, and merchant forecasts
- Review PPA pricings for both bilateral offtake negotiations and competitive RFP bid submissions
- Work collaboratively with business development, project development, EPC, O&M, and M&A teams to ensure alignment with key structuring inputs and assumptions
- Manage project finance team resource allocation and priorities to provide timely, and reliable support to other departments
- Contribute to M&A due diligence activities including financial valuation analysis and capital structure optimization
- Prepare periodic management reporting and policy compliance
Preferred Qualifications
- Bachelor’s Degree in Finance, Business Administration, Economics, or related
- Minimum 10 (ten) years of relevant industry experience in project finance, leveraged finance, M&A, or renewable energy business development
- Experience serving in an executive leadership role; preferably in a renewable energy development or IPP firm
- Advanced knowledge of solar, solar + storage, and stand-alone storage project financings
- Familiarity with debt and tax equity documentation principles
- Established relationships with renewable energy industry lenders and tax equity investors
- Ability to manage debt and tax equity partner due diligence and closing process
- Experience in detailed Financial Modeling of tax equity and debt transactions and Valuation of relevant companies and markets; including advanced Excel skills
- Strong commercial, technical, analytical, and problem-solving ability
- Rigorous and detailed orientated with the highest regard for accuracy and completeness
- Strong interpersonal skills and ability to work in an integrated team environment
Key Attributes for Success
- Excellent communication skills, both verbal and written
- Strong organizational, problem-solving, and leadership skills
- Execution focused mindset with a high level of initiative
- Ability to multi-task and work in a very fast-paced environment
- Flexibility to address changing priorities and time demands
- Team-oriented with excellent interpersonal skills and ability to develop collaborative working relationships across multiple functional areas in the organization
- Has a strong sense of urgency and bias for action
- Ability to become a trusted advisor and reliable go-to resource
- Ability to work with all levels of management and key stakeholders
- Proven ability to handle multiple projects and meet deadlines
Job Level Vice President
Location Miami, FL
Travel Up to 20% travel as necessary
Date Posted
01/13/2023
Views
7
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