Head of Project Finance

TAR; San Francisco (CA); On-site; USD 300,000 - 420,000; Full time

Benefits offered by this job

Relocation bonus

Unlimited PTO

Health, Dental, Vision insurance

Monthly meals stipend

Job summary

TAR is building a world-scale off-grid data-center power plant powered by renewables. You will own raising tens of billions in financing end-to-end, working directly with the founders to design innovative structures from first principles and close on aggressive energization dates.

The role requires 10+ years in US energy project finance, deep knowledge of tax credits, and a proven ability to lead cross-functional teams through complex credit processes.

Qualifications

• 10+ years in US energy project finance across bank lending, advisory, or in-house at a developer/IPP.
• Led non-recourse construction and term financings for utility-scale solar/storage, with $500M+ debt/tax capital.
• Hands-on tax credit monetization since the IRA, with transferability and/or tax equity knowledge.
• Full command of the project finance model: build, audit, defend in front of a credit committee.
• Current relationships with lenders, tax credit buyers, and equity investors active in US renewables.
• Fluent in drafting credit agreements, security structures, and intercreditor terms with counsel.
• Think from first principles and move fast with extreme attention to detail.

Responsibilities

• Own financing end to end: structure capital stack and manage lender/investor processes through close.
• Set tax credit monetization strategy and coordinate equipment decisions to protect ITC eligibility.
• Build and maintain the project finance model and data room with diligence-grade outputs.
• Direct third-party diligence (engineer, insurer, consultants, counsel) with clear scopes and timelines.
• Maintain capital coverage across banks, credit funds, tax buyers, and equity investors.
• Shape commercial agreements to meet financeability and lender requirements in major contracts.
• Oversee post-close finance operations: draw, covenants, and lender reporting.
• Grow the project finance team as the program scales to a multi-GW pipeline.

Skills

Financing strategy

Non-recourse financing

Tax credit monetization

Project finance modeling

Lender/investor relations

Credit documentation

First principles thinking

Job description

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 $10s of billions in financing for power infrastructure projects end-to-end, whilst working directly with the founders. 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