Director - Project Finance
About The Company
Syncarpha Capital is a New York based private equity firm with a “green” conscience, dedicated to developing, owning and operating solar photovoltaic (“PV”) and energy storage systems throughout the United States. The firm is focused on breaking down barriers to deliver a sustainable, clean energy future for the communities we serve.
By joining Syncarpha, you will not only be working with a driven Senior Management team who are highly tenured, but you will also have the opportunity to be mentored by some of the most experienced people in the business. The team also consists of vibrant thinkers, who create an alive social environment where people really enjoy coming to work.
Who We Are
- New York City based clean energy firm operating since 2009
- Dynamic, growing organization committed to renewable energy development and management
- Developed and built over 180 MWs of solar plants across the US
- Operating projects in MA, ME, NJ, NY, NC, SC, NV, VT, AZ
Mission:
The Director – Project Finance owns the path to financial close for the Company’s solar,solar + storage, and standalone storage projects. The role leads Financial Closing for all project-level TaxEquity and Debt financings, serves as the internal Deal Manager who drives the cross-functional closingprocess to completion, and is responsible for all aspects of project financial modeling prior tocommercial operation.
Responsibilities:
- The Director will report to the Chief Investment officer
- Own Financial Closing for all project-level Tax Equity and Debt transactions (including construction, term, and back-leverage debt), from term sheet negotiation through diligence, documentation, satisfaction of conditions precedent, and funding
- Serve as the internal Deal Manager for each financing: set the closing plan and timeline, assign and coordinate workstreams across Development, Construction, Engineering, Legal, Tax, Accounting, and Operations, track open items, and hold internal teams and outside advisors accountable through close
- Own all aspects of project financial modeling prior to commercial operation, from early-stage screening and Investment Committee through construction and financial close, including advanced analysis of Tax Equity and Debt structures for solar and energy storage projects and ensuring models reflect final negotiated terms
- Oversee the work of the team of analysts and associates supporting Project Finance function
- Lead the process to ensure Development/Construction deal teams have the tools and information to screen new investment opportunities (self-developed projects and M&A) across solar, solar storage, standalone storage projects, as well as managing projects through construction
- Manage relationships with Development, Construction, Operations and Accounting teams re:their needs and interactions with financial models for construction and development projects up to and including all financial closings
- Lead and execute key underwriting functions including project valuation, forecasting and negotiating key components of financing documents
- Work with Development deal team leads to execute Investment Committee process and seamlessly navigate diligence and credit processes for financing partners
- Manage the IRR Monitoring process for all projects under construction in conjunction with Deal teams
- Drive internal/external teams to address all financing related issue and leverage subject matter experts to optimal execution path
- Additional responsibilities as assigned
Desired Skills and Experience Requirements:
- 7+ years of relevant experience in renewable energy finance, M&A, or related sectors, 10+ years business experience
- Demonstrated success modeling transaction capital structures, risk assessment, and basic financing agreement negotiation
- Successful track record of managing complex projects from beginning to end
- Successful track record of managing a team of analysts/associates
- Understanding and ability to work with financial models and perform sensitivity analyses, particularly regarding features specific to tax equity partnership and debt transactions
- Apply critical, out-of-the-box thinking, work on multiple workstreams in a dynamic, cross-functional team environment
- In-depth understanding of energy markets, solar, energy storage, offtake structures
- Excellent written, verbal, presentation skills
Location
New York, NY (Hybrid)
Contact
Craig Colligan
Phone: (949) 307-7980
Email: craig.colligan@syncarpha.com
What We Provide
- Competitive market salary
- Performance driven bonus pool
- Employee ownership plan
- Flexible paid-time-off policy
- Retirement savings plan matching program (401K)
- Medical, dental and vision benefits