Senior Analyst, Project Finance - Renewable Energy, Remote

This Project Financial Senior Analyst position is a newly opened opportunity within one of the fastest growing US renewable energy developers and IPPs, with a rapidly expanding portfolio of utility-scale solar and BESS projects. The role supports the structuring and execution of project finance transactions across the full life of a financing—from initial underwriting assumptions through capital raise, closing, and post-closing compliance—for utility-scale solar and battery storage projects.

About the role

This highly analytical and execution-oriented senior analyst position will help drive the financial structuring and execution of debt and tax equity capital raises, as well as contribute valuation analysis for the development and acquisition pipeline. The role offers a competitive compensation plan, including a base salary in the $115,000 to $125,000 range, an annual bonus target of 25%, and a comprehensive benefits package. Work arrangements are flexible, with options for fully remote or hybrid work from the company’s Annapolis, MD office.

Responsibilities

• Support and manage aspects of debt and tax equity capital raising and transaction execution for solar and battery storage projects, while contributing financial and valuation analysis for the development and acquisition pipeline.
• Build and manage bespoke financial models that accurately reflect debt, tax equity, and equity terms of financing structures.
• Ensure internal and external models accurately reflect transaction structures and terms, maintaining a strong understanding of causal relationships between model inputs and outputs.
• Manage external accounting consultants on tax equity deal models and oversee the financial model audit process through closing.
• Maintain portfolio- and corporate-level models, providing current financing assumptions to development and commercial teams for pre-NTP acquisition underwriting.
• Perform valuation and financial diligence analysis for potential acquisition and disposition opportunities, including DCF-based analysis.
• Create reports detailing valuation economics for pipeline projects and verify financial inputs from Development, Originations, Market Strategy, Asset Management, Engineering, and EPC teams.
• Assist with marketing efforts for capital origination by preparing presentations, financial models, and acquisition budgets.
• Assist in negotiating term sheets and definitive documentation for debt, tax equity, and preferred equity structures, converting terms into modeled project analyses.
• Coordinate due diligence with financing parties and internal/external teams, tracking deliverables across teams, external counsel, and third-party consultants.
• Prepare and manage deliverables for third-party consultant reports, reviewing for accuracy and consistency with deal strategy.
• Manage aspects of financial closing, including preparation of third-party reports, interfacing with accountants on tax equity models, managing debt closing models, due diligence logs, dataroom management, and flow of funds preparation.
• Evaluate and compare capital structures, including construction-to-term debt, back leverage, tax equity bridge facilities, preferred equity, and lease pass-through versus partnership flip structures.
• Run sensitivity and scenario analyses to recommend optimal structures, not just model predetermined ones.
• Size debt against contracted and merchant revenue under applicable coverage tests and quantify how revenue contract terms (PPA, VPPA, hedge, tolling) drive proceeds.
• Support the sizing, marketing, and closing of ITC and PTC transfer sales, including buyer diligence, tax credit insurance, and indemnity negotiation.
• Work alongside tax counsel and accountants on qualification analysis, including domestic content, energy community, prevailing wage, apprenticeship, beginning of construction, safe harbor, and foreign entity of concern requirements.
• Maintain a current view of tax equity and tax credit transfer market pricing, structures, and counterparty appetite.
• Support ongoing compliance with debt and tax equity documents, including covenant testing, debt service and reserve funding, distribution tests, and periodic reporting to lenders and investors.
• Track actual project performance against the financing base case and explain variances.
• Assist in preparing recurring closing and post-closing deliverables, including loan draw requests, withdrawal certificates, interest elections, and compliance certificates.

Requirements

• Bachelor’s degree, preferably in finance, economics, accounting, engineering, or another quantitative field.
• 2-4 years of experience at an investment or commercial bank focusing on energy infrastructure investing, or at an IPP, developer, or infrastructure investor working on live project finance transactions.
• Experience financing standalone or co-located battery storage.
• Exposure to ERCOT, MISO, or PJM markets, including merchant curves, basis, and congestion risk.
• Experience closing project finance transactions, including third-party report development, due diligence, modeling, flow of funds, and preparation of closing deliverables (e.g., loan draw requests, withdrawal certificates).
• Strong financial modeling and analytical skills, including DCF analysis and the ability to build transaction models from scratch.
• Experience modeling debt transactions, including debt sizing logic.
• Experience modeling and structuring tax equity transactions, including capital accounts, depreciation, and buyouts.
• Strong understanding of power and financing markets, and project finance broadly.
• Strong quantitative aptitude with an extremely high level of attention to detail.
• Ability to independently own the modeling process for a transaction while collaborating across multiple teams (Development, Originations, Market Strategy, Asset Management, Engineering, EPC, Accounting, and Legal) to source inputs and drive deals to close.

Pay

Base salary range: $115,000 to $125,000, with an annual bonus target of 25%.

Benefits

Comprehensive benefits package included.

Schedule

Fully remote or hybrid work options available from the company’s Annapolis, MD office.