Vice President, Project Finance (Tax Equity)
Charlottesville , VA
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Job Description
Company Description
Apex Clean Energy was founded with a singular focus: to accelerate the shift to clean energy. Through origination, construction, and operation of utility-scale wind, solar, and storage facilities, distributed energy resources, and green fuel technologies, Apex is expanding the renewable frontier across North America. Our mission-driven team of more than 400 professionals uses a data-focused approach and an unrivaled portfolio of projects to create solutions for the world's most innovative and forward-thinking customers. For more information about how Apex is building the energy company of the future, visit.
Apex strives to excel in every phase of project realization, from origination and financing to construction and asset management. Our mission-driven team seeks determined, resolute individuals who strive to innovate and go above the call of duty, and who will relentlessly do their part to help accelerate the shift to America's clean energy future.
Job Description
The Finance Department is seeking a Vice President, Project Finance specializing in tax equity investments. This person will work with senior team members to lead tax equity transactions and other project finance initiatives to advance Apex's overall business growth and project commercialization goals.
In this role, you will lead the sourcing and negotiation of tax equity investments in renewable energy projects. You will be responsible for driving the outreach, structuring, and documentation for deals while providing leadership to the deal team. Having deep knowledge of the tax equity market, you will negotiate and structure deals to optimize sponsor economics. You will be responsible for presenting potential transactions to senior management for review and input and advancing negotiations within approved boundaries. You will maintain relationships within tax equity investors and stay informed of changes in the market. Prior to financing, you will provide direction to the broader team to support the overall financing plan.
This position requires direct experience with tax equity transactions, either as a project sponsor or investor. Intimate familiarity with all the elements of a tax equity transaction, including how to calculate capital accounts and tax basis, underwriting standards and return metrics used by major tax investors, and accounting issues faced by publicly traded companies seeking tax investments is essential for this position.
Moreover, strong project finance experience in general is required: the ability to develop creative approaches to address issues as they arrive in a negotiation, excellent communication and collaboration, the ability to synthesize and conceptualize complex ideas, and a passion for renewable energy.
• Hours: Full Time
• Type: Exempt
• Department: Finance
• Office Location: Headquarters in Charlottesville, VA
Responsibilities :
• Manage tax equity investments for utility-scale renewable energy projects from initial commercial target-setting to investor outreach and project marketing, bid analysis, counterparty selection and negotiation of term sheets and definitive agreements.
• Review financial models (Microsoft Excel), validate inputs, and suggest changes to deal structures that meet tax investor requirements and improve sponsor economics. . Work with internal team and outside consultants to improve assumptions in the financial model and to provide analysis to support those positions in investor discussions.
• Develop and maintain contacts in the industry that will be tax investors in Apex projects and identify opportunities for them. Liaise with potential new entrants to the tax equity market and educate them on the characteristics of tax equity investments.
• Analyze prospective bids made by tax investors and present to senior management for decision-making; including analysis of sponsor economics, transaction structure and allocation of risk, , key commercial issues, etc.
• Lead deal negotiations and document review including coordination of internal deal team and due diligence.
Qualifications
• Minimum of 10years direct professional work experience with tax equity transactions, including partnership flips, sale-leasebacks, and inverted leases.
• Understanding and ability to work with financial models, particularly with regards to features specific to tax equity partnership transactions: capital accounting, calculation of flip dates and DRO reversal dates, PAYGOs, and downside underwriting scenarios.
• Professional experience in a commercial role in utility-scale renewable energy
• Working knowledge of key issues in a project finance transaction
• Proven ability to develop creative approaches to address issues as they arrive in a negotiation
• Proficiency in Microsoft Office (Excel, Outlook, PowerPoint, Word).
• Ability to foster cohesive teamwork that delivers best-in-class service to clients.
• Strong written and verbal communications skills.
• Highly organized; able to juggle competing demands and follow through on deliverables with minimal supervision.
• Demonstrated interest in the energy industry.
• Professional presence with strong communication and presentation skills.
• Builds trust by demonstrating high ethical standards and personal integrity.
• Analytical problem solver who views obstacles as challenges.
• Creative thinker who values innovation.
• Willing to work from our HQ in Charlottesville, VA
• Willing to travel 10%.
Additional Information
Work Environment:
Works primarily traditional office hours in an indoor office environment. Flexible work hours allowed when work duties and business operations permit.
How You'll Grow
At Apex Clean Energy, our professional development plans focus on helping people at every level of their career to identify and use their strengths to do their best work every day. From entry-level employees to senior leaders, we believe there's always room to learn. We offer opportunities to help sharpen skills in addition to hands-on experience in the dynamic, fast-paced renewable energy industry. From on-the-job learning experiences to a robust multi-week onboarding experience to formal development programs, our professionals have a variety of opportunities to continue to grow throughout their career.
What Apex Can Offer You
At Apex Clean Energy, we know that great people make a great company. We value our people and offer employees a broad, best-in-class range of benefits.
• A mission-driven, energetic environment that supports and encourages our people to do their best work every day.
• A respect for and celebration of individuality, differences, and uniqueness
• Collaborative and driven professional workforce committed to supporting your ideas and feedback and accelerating your potential
• Ongoing support and guidance such as on-the-job learning, hands-on experience, and mentorship
• Training, strategies, and tools to support your personal and professional growth
• Team atmosphere of diverse professionals committed to making an impact as an organization
• Opportunities to volunteer and give back to our local communities
• Exceptional benefits such as medical and dental; 401(k) with corporate match
• Base and bonus commensurate with experience
• Responsible Paid Time Off plus standard company holidays
• Benefits Offered: comprehensive high-deductible health plans, dental and vision insurance plans, short-term and long-term disability, group life insurance, 401(k) corporate matching, flexible spending arrangements, company paid parking and cell phone, fitness and wellness corporate discounts
Apex Clean Energy, Inc. is an Equal Opportunity Employer that recruits and hires qualified candidates without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, ancestry, citizenship, disability, or veteran status.
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Job Summary
Company
Apex Clean Energy
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Experience
10+ years