Structured Finance Associate, IPP

About the role

New Leaf Energy, Inc. is seeking a Structured Finance Associate to join our team supporting our Power Plants division.

Responsibilities

• Maintain complex, project and portfolio-level financial models to evaluate project returns (IRR, NPV), cash flows, and sensitivities
• Responsible for providing arm’s length pricing to NLE’s development company (DevCo) for projects in consideration for sale to NLE’s Power Plants Division (IPP)
• Support Manager of Structured Finance and third party diligence providers in performing diligence on projects offered to IPP by DevCo with respect to real estate, project permitting, and interconnection, and other development items
• Maintain checklists, schedules and other project management tools required to keep the diligence process organized and allow transactions with New Leaf’s DevCo to close quickly and IPP to draw down on funds to move forward in the project construction process
• Aid Manager of Structured Finance in drafting of project-specific MIPAs between NLE DevCo and IPP using existing template, identifying potential DevCo post closing obligations (PCOs) and inclusion of additional terms that align with IPP’s financing arrangements
• Monitor and ensure compliance with the condition precedents (CPs) agreed to by IPP in existing financing agreement(s) in support of drawing down on committed funds in a timely manner
• Manage the day to day operations needed to support the capital structure, including compliance, reporting, and execution of supplemental funding agreements. Execute on the standard work needed for this to run smoothly and efficiently
• Support all new capital transactions, including serving as deal support on additional rounds of PPD financing. Perform project management of internal and external resources to ensure efficient execution and a smooth deal close
• Manage data rooms and respond to investor inquiries during capital-raising processes
• Proactively identify and work on new process improvements in coordination with other stakeholders

Qualifications

• 3-4 years in renewable energy project finance, investment banking, or corporate development, specifically with exposure to solar assets
• Bachelor’s degree in Finance, Economics, Business, or a related quantitative field
• Advanced Excel modeling skills (VBA is often a plus) and a deep understanding of Project Finance mechanics
• General understanding of tax equity concepts and different project finance deal structures
• General understanding of project development lifecycle for renewable energy projects
• Strong attention to detail and project management skills required
• Strong written and verbal communication skills

Pay

Compensation includes market-competitive base salary, above-market variable compensation, and an equity-like program such that all employees experience the benefits of ownership. Base salary range for this position in Boston is $104,430 - $121,120. On-target annual cash bonus is an additional 10% of base salary. Actual salary may be above, in, or below this range, depending on location and experience.

Benefits and Culture

• Competitive salaries and comprehensive benefits, including medical, dental and vision
• A 401k plan with immediate vesting and a company match (100% of the first three percent of your pay; 50% for the next two percent you contribute)
• An open and self-managed paid time-off policy
• A hybrid work location policy that supports working from home for part of the week
• A parental leave policy for both birthing and non-birthing parents, available immediately upon hire
• Professional development and education assistance

Commitment to Diversity and Inclusion

We seek a diverse candidate pool in this–and every–search. New Leaf Energy provides equal employment opportunities to all employees and applicants without regard to race, color, religion, gender, age, sexual orientation, national origin, ancestry, disability, genetics, veteran status or any other characteristic protected by state, federal and local laws.