Sr Director, Infra Debt & Tax Equity
About the role
The Senior Director – Infrastructure Debt, Renewable Structured Finance, Tax Equity role at MetLife Investment Management is dedicated to managing a $1 billion+ portfolio of tax equity, leveraged lease, and equity positions, as well as underwriting and executing new infrastructure debt investments.
Responsibilities
Actively manage a portfolio of almost thirty investments consisting of lease, tax and direct equity investments in primarily infrastructure-related assets such as wind, solar, geothermal, gas, and transmission lines and transportation.
Evaluate and negotiate potential sale opportunities for tax equity, leverage lease, and equity positions.
Negotiate amendments, waivers, restructurings, and other operational and credit related requirements with related parties such as lessees, partners, sponsors, asset and O&M managers, counsels, regulators and governmental entities.
Oversee and ensure ongoing monitoring of portfolio investments (including annual reviews), including credit performance, covenant compliance, and market developments.
Partner with Client Portfolio Management to update clients on their portfolios (including recurring formal portfolio reviews, monthly Net Investment Income/cashflow/tax forecasts to key client(s), internal client control database signoffs) and respond to client inquiries and reporting needs.
Maximize investment returns by ensuring each investment’s counterparties (e.g. lessees, partners) are adhering to the relevant agreements and market standards and modeled assumptions.
Negotiate economic impacts of investment modifications during hold period, as well as investment realizations (exits).
Maintain senior oversight of portfolio investments originated.
Participate in issuer and sponsor credit update meetings.
Underwrite & execute new infrastructure debt transactions.
Ability to source tax equity and tax credit deals for MetLife’s general account viewed favorably.
Collaborate with senior Infrastructure Debt team members on development of investment opportunities and product opportunities.
Participate in credit committee processes and provide clear investment recommendations supported by robust diligence and risk analysis.
Prepare investment recommendations related to portfolio transactions and present them to clients.
Direct transaction execution from mandate through closing, coordinating internal stakeholders and external counsel.
Lead and mentor one analyst responsible for ongoing portfolio management compliance duties. Provide coaching, performance feedback, and career development support.
Foster a strong risk culture and support disciplined underwriting approach across the team.
Contribute to broader Private Fixed Income and MIM initiatives, including product development, cross-platform collaboration, and process improvement.
Qualifications
Detail knowledge of tax equity and leverage lease investment structures including transferability, partnership flips, and back-leverage.
Ability to negotiate and transact ongoing modification requests and exits from investments.
Bachelor’s degree required; MBA and/or CFA strongly preferred.
15+ years of infrastructure and/or project finance credit and origination experience, including deep structuring expertise.
Experience with infrastructure lending, preferably both in bank and bond/note formats.
Experience in the power & energy sector, including renewables.
Proven leadership experience managing transaction teams and developing investment professionals.
Strong credit judgment, financial analysis skills, and ability to balance risk and return.
Excellent written and verbal communication skills and ability to present complex investment views clearly.
Willingness to travel as required.
Preferred Qualifications
Experience with private placements and bespoke project finance structures.
Experience with construction lending, term debt, holdco financings, and preferred equity.
Experience supporting institutional clients, separately managed accounts, commingled funds, and CLOs.
Familiarity with Bloomberg and Salesforce or similar tools.