Head of Project Finance

TAR; Austin (TX); On-site; USD 350,000 - 500,000; Full time

Benefits offered by this job

Relocation bonus up to $15K

Unlimited PTO

Health, Dental, Vision insurance

Meals stipend $1K/month

Job summary

TAR is building the world’s first off-grid data-center power plant powered by renewable tech in the US. As Head of Project Finance, you will raise tens of billions of dollars for civilization-scale projects and design financing structures from first principles, defending them before credit committees and closing on aggressive energization dates.

You will own structuring the capital stack, monetize tax credits, and build a robust project finance model and data room while directing due diligence

Qualifications

• 10+ years in US energy project finance across bank lending, advisory, or in-house roles.
• Led non-recourse construction and term financings for utility-scale solar/storage with $500M+ dollars closed.
• Hands-on tax credit monetization (IRA), transferability and/or tax equity, with FEOC/ domestic content knowledge.

Responsibilities

• Structure the capital stack across equity, construction debt, term debt, and tax credits; manage lender and investor processes from outreach to term sheets and close.
• Define tax credit monetization strategy and ensure equipment decisions protect ITC eligibility.
• Build and own the project finance model and data room; support diligence and Q&A with lenders and investors.
• Direct third-party diligence (engineer, insurer, market consultants, counsel) and hold all advisors to scope and schedule.
• Maintain capital coverage across banks, funds, buyers, and equity investors; manage appetite and terms.
• Shape commercial agreements to ensure financeability and feed lender requirements into contracts.
• Oversee post-close finance operations: draw processes, covenants, and reporting; scale team and processes.

Skills

Project finance

US energy markets

Lender relations

Tax credit monetization

Financial modeling

Credit committees

First principles

Attention to detail

Job description

Mission

Mission TAR’s mission is to power intelligence for the world. We are building the world’s first off-grid power plant for data centers powered by renewable technologies. We firmly believe AI should be built in the US for the benefit of all people. For that, power must be fast, clean and scalable. We are singularly focused on delivering GW-scale power faster than anyone has ever done, by rethinking every layer of the stack. We vertically integrate to solve every bottleneck, from racking systems to power electronics to dispatch algorithms to on-site construction. Leave your mark on the future of civilization-scale energy infrastructure.

Company TAR is both a hardware and software company, we are building out massive, critical, physical infrastructure. TAR is working directly with one of the largest compute providers to scale and deploy 5GWs by 2028. We operate on…

• High ownership. High Agency. Own project end-to-end. Great people don’t need to be managed.
• Speed. We achieve great things on incredible timelines. We push ourselves to go faster.
• First principles. No ego. No hierarchy. Challenge every assumption.
• Passion. Solving the energy problem is one of the largest challenges that faces the world now and in the future.

About the role As Head of Project Finance, you own raising financing for civilization-scale projects end-to-end, whilst working directly with the founders. You will marshal 10s of billions of dollars of capital for massive infrastructure investment. This is as much science as art, as you will be expected to find creative financing and collateralization structures. You design the structure from first principles, defend it in front of credit committees, and close against hard energization dates.

Responsibilities

• Own each financing end to end: structure the capital stack across project equity, construction and term debt, and tax credits, and run lender and investor processes from first outreach through term sheets, documentation, and financial close on schedules that support the build.
• Set the tax credit monetization strategy (transfer, tax equity, or hybrid) and work with procurement so equipment decisions protect ITC eligibility, including domestic content and FEOC exposure.
• Build and own the project finance model and the data room, keeping both diligence-grade and tied to engineering, procurement, and commercial reality, and run lender and investor Q&A.
• Direct third-party diligence, including the independent engineer, insurance advisor, resource and market consultants, and project finance counsel, holding every advisor to scope, schedule, and quality.
• Build and maintain capital coverage across project finance banks, infrastructure credit funds, tax credit buyers, and project equity investors, keeping a live view of who has appetite at what terms.
• Shape commercial agreements for financeability, feeding lender requirements into the customer contract, EPC agreements, and major supply agreements before they are signed.
• Oversee post-close finance operations across the portfolio: the draw process, covenant compliance, and lender reporting.
• Grow the project finance team and its processes as the program scales from the first project to a multi-GW pipeline.

Qualifications

• 10+ years in US energy project finance across bank lending, financial advisory, or in-house at a developer or IPP, including at least one borrower-side seat.
• Led non-recourse construction and term financings for utility-scale solar and storage from mandate through financial close, with $500M+ of debt and tax capital personally closed across multiple transactions.
• Hands-on tax credit monetization since the IRA, spanning transferability and/or tax equity, with working knowledge of domestic content and FEOC rules.
• Full command of the project finance model: you build it, audit it, and defend it in front of a credit committee without an analyst.
• Current, personal relationships with the lenders, tax credit buyers, and equity investors active in US renewables.
• Fluent in finance documentation: able to negotiate the commercial terms of credit agreements, security and accounts structures, and intercreditor terms, with counsel drafting rather than deciding.
• Thinks from first principles and moves fast with extreme attention to detail: you design financing structures where no template exists and keep them moving at build speed.

Nice to have

• Financing experience with first-of-kind assets: islanded or behind-the-meter plants, single-offtaker structures outside the standard utility PPA mold, or co-located generation and load.
• Data center or digital infrastructure finance exposure.
• ERCOT or Texas project experience.
• Experience standing up a project finance function from scratch.
• Platform-level capital raising (Series A/B, HoldCo debt, or strategic capital) in addition to asset-level financings.

Salary and Benefits

• Up to $15K relocation bonus
• Unlimited PTO
• Health, Dental, Vision insurance
• $1K monthly stipend for meals