Structured Finance Associate, IPP

Position Responsibilities

• Maintain complex, project and portfolio-level financial models to evaluate project returns (IRR, NPV), cash flows, and sensitivities
• Provide 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
• Assist in managing data rooms and responding to investor inquiries during capital-raising processes
• Proactively identify and work on new process improvements in coordination with other stakeholders

Desired 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

New Leaf Energy compensates all employees in three ways: market-competitive base salary, plus above-market variable compensation, plus an equity-like program such that all employees experience the benefits of ownership.

Schedule

We offer a hybrid work environment where employees work in the office at least two out of every Tuesday, Wednesday, and Thursday and are free to work from the office or home on other days.