Manager of Structured Finance

repsol; Houston (TX); Hybrid; USD 120,000 - 170,000; Full time

Job summary

Repsol Renewables North America is seeking a Manager of Structured Finance to raise capital for utility-scale wind, solar and energy storage projects. You will lead origination, structuring, negotiation and execution of third-party financings, including tax equity partnerships and tax credit transfers, under the oversight of the Director of Structured Finance and CFO.

This role is based in Downtown Houston with a hybrid model (3 days in the office, 2 days from home).

Qualifications

• Experience building and maintaining financial models for financing transactions.
• Ability to lead structuring and negotiation of tax equity and tax credit transactions.
• Experience coordinating due diligence across multiple functions and advisors.

Responsibilities

• Lead day-to-day structuring, negotiation and execution of tax equity and tax credit transactions.
• Build and maintain financial models; run sensitivities and analyses.
• Coordinate due diligence with internal teams and external advisors.
• Prepare financing materials and marketable summaries for lenders/investors.
• Support post-closing administration and reporting.

Skills

Financial modeling

Tax equity

Term sheets

Project finance

Investor relations

Job description

We explore and discover the limitless possibilities of energy so we can all progress. We believe in the power of talent to shape the future. That's why we're looking for curious, bold individuals who are eager to grow and create new ways forward-people who want to join us in building a more sustainable, innovative, and inclusive world.

We strongly believe that diversity fuels creativity and innovation. That's why we welcome professionals who are ready to grow, learn, and bring their perspective to the energy challenges of today and tomorrow.

Here, you'll find a place to grow and unlock your full potential.

Company Profile:

Repsol is a globally integrated multi-energy company headquartered in Madrid, Spain. With a team of 25,000 employees across more than 20 countries, we proudly serve 24 million customers worldwide. Our diversified renewable energy portfolio totals nearly 3,700 MW of installed capacity, with a strong presence in Spain, the United States, and Chile.

As part of our commitment to a more sustainable future, low-emissions generation is at the core of our strategy to achieve net-zero emissions by 2050. Repsol Renewables North America (RRSNA) plays a key role in this vision, with aims to increase generation capacity to between 3,000 MW and 4,000 MW by 2027.

We are driven by innovation, collaboration, and purpose. Repsol offers a comprehensive Employee Value Proposition (EVP), including a holistic Total Rewards program that supports the wellbeing, growth, and contributions of our people. Join us in shaping the future of energy.

Job Summary

Repsol Renewables North America is looking for a Manager of Structured Finance to raise capital for utility-scale wind, solar and energy storage projects and portfolios. The structured finance team leads the origination, structuring, negotiation and execution of third-party financings, including tax equity partnerships, tax credit transfers, construction and term debt, and preferred equity financings. With oversight from the Director of Structured Finance and the CFO, this role plays a significant part in each financing by building and owning the transaction model, coordinating due diligence across internal functions and external advisors, and serving as a day-to-day point of contact for investors, lenders and their counsel. The team secures competitive financing for our projects and supports Repsol's goal of increasing renewable power generation capacity.

The position is based in Downtown Houston with a hybrid work model of 3 days in the office and 2 days from home.

Key Responsibilities:

• Support origination and lead the day-to-day structuring, negotiation and execution of tax equity and tax credit transfer transactions, construction and term debt, back leverage, letter of credit facilities and preferred equity transactions, from term sheet through financial close and funding, with oversight from the Director and CFO.
• Serve as a day-to-day point of contact for tax equity investors, tax credit buyers, lenders and their counsel throughout transaction execution. Negotiation term sheets and key commercial terms, and support the negotiation of transaction documents (LLCAs, equity capital contribution agreements, credit agreements, tax credit purchase agreements and ancillary documents).
• Build, own and maintain financial models for financing transactions and internal analysis. Run sensitivities and scenario analyses, reconcile with investor and lender models, and manage third-party model audits. Evaluate structuring options and recommend financing alternatives based on cost of capital, risk allocation and impact on project returns.
• Prepare marketing materials (teasers, CIMs, lender and investor presentations) and support outreach to and selection of financing partners, including evaluating and comparing term sheets.
• Lead and coordinate due diligence processes across internal functions (development, engineering, construction, operations and asset management, legal, tax, accounting), ensuring timely and accurate responses to investors and lenders. Manage external advisors such as financial advisors, legal counsel, independent engineers, and insurance, market and appraisal consultants against scope, budget and schedule, while managing project data rooms, diligence trackers, and closing and conditions precedent checklists.
• Support the investment approval process by providing financing and structuring guidance to M&A, tax and accounting teams, and preparing financing approval materials for internal governance, including Repsol corporate.
• Develop and maintain strong relationships across internal functions to ensure consistent, accurate information is provided to lenders and investors.
• Support post-closing administration, including funding conditions, investor and lender reporting, covenant compliance, and amendments, waivers and consents, working with asset management, accounting and FP&A.
• Review project agreements (PPAs, EPC, interconnection, O&M, leases, insurance, etc.