Project Finance Specialist

ON.energy; Oregon; Hybrid; USD 180,000 - 250,000; Full time

Benefits offered by this job

Competitive salary + annual bonus

Medical, dental, and vision insurance

401(k) with company match

Paid time off and holidays

Job summary

ON.energy is seeking a Project Finance Specialist/Chief of Staff to the CIO in Miami, FL. You will oversee capital formation and financing structures for multi-gigawatt deployments, working directly with the CIO on equity, debt, tax equity, and credit facilities.

Roughly 70% of your time is deal execution—modeling, negotiating, and coordinating with lenders and investors—while 30% runs the CIO's office, shaping priorities and investor materials across Finance, Legal, Commercial, and Engineering.

Qualifications

• 4–7 years of experience in infrastructure, energy, or data center financing.
• Hands-on execution of closed transactions: capital raises, project financings, or structured credit.
• Expert financial modeling: project finance, levered returns, debt sizing, and waterfall structures.
• Working knowledge of energy tax credits (§48E, §6418 transferability, tax equity) and how they shape capital structure.
• Understanding of data center and digital infrastructure economics, including colocation and lease structures.
• Clear, concise written and verbal communication; ability to turn complex structures into a board-ready memo.
• Bachelor's degree in finance, economics, engineering, or a related field.

Responsibilities

• Support the CIO across all capital raise activity (equity, venture debt, credit facilities, structured capital): investor targeting, data rooms, models, materials, and diligence management.
• Structure and execute project-level financings for AI UPS assets in ERCOT and other U.S. markets, including construction, term, and back-leverage facilities.
• Design and finance AI UPS-as-a-service: build the contract and capital structures (leases, energy-as-a-service, SPVs, asset-backed facilities) for off-balance-sheet deployment.
• Monetize tax credits, including §48E ITC, domestic content and energy community adders, §6418 transferability, and tax equity, with Tax and outside advisors.
• Own financial models with analytics team for project lenders, returns, and as-a-service pricing; stress-test cost of capital and counterparty risk.
• Negotiate term sheets, credit agreements, and customer contracts alongside the CIO, Legal, and outside counsel.
• Build and maintain relationships with banks, infrastructure funds, private credit, tax credit buyers, and hyperscaler/neocloud teams.
• Run the CIO's operating cadence: priorities, pipeline tracking, and weekly deal reviews; prepare board/investor materials.

Skills

Capital raises

Project finance

Structured credit

Financial modeling

Energy tax credits

Data center economics

Board-ready communication

Education

Bachelor's degree in finance/economics/engineering or related field

Job description

ON.energy is setting the standard for large load interconnection. ON's patented AI UPS™ is a medium-voltage UPS that serves as a firewall, protecting the data center from the grid, and the grid from the data center. With multiple gigawatts currently under construction, we are enabling grid-safe data centers.The Project Finance Specialist/Chief of Staff to the CIO is a deal-first role. You will work directly with ON.energy's Chief Investment Officer, who owns capital formation and deployment for the company: topco equity and debt, project finance, tax equity and credit transfers, and the financing structures behind our AI UPS-as-a-service offering for neocloud and hyperscale customers.Roughly 70% of your time is deal execution : building models, running financing processes, and negotiating alongside the CIO with a specific focus on Project Finance of ON.energy's proprietary AI.UPS technology. The other 30% is running the Office of the CIO : setting priorities, preparing board and investor materials, and driving follow-through across Finance, Legal, Commercial, and Engineering.This is a seat at the center of how ON.energy funds a multi-gigawatt build-out. You will see every major capital decision the company makes, and you will be expected to help shape them.

Location and Travel

• Location: Miami, Florida. New York will be considered, and remote may be considered for an exceptional candidate.
• Travel: Approximately 25%, including project sites in Texas, investor and lender meetings in New York, and customer meetings with hyperscale and neocloud partners.

What You’ll Do

• Support the CIO across all capital raise activity (equity, venture debt, credit facilities, structured capital): investor targeting, data rooms, models, materials, and diligence management.
• Specific focus on structuring and executing project-level financings for AI UPS assets in ERCOT and other U.S. markets, including construction, term, and back-leverage facilities.
• Design and finance AI UPS-as-a-service: build the contract and capital structures (leases, energy-as-a-service, SPVs, asset-backed facilities) that let neocloud and hyperscale customers procure our systems off balance sheet.
• Monetize tax credits, including §48E ITC, domestic content and energy community adders, §6418 transferability, and tax equity, working with the Tax team and outside advisors.
• Own financial models built together with our analytics team for project lenders, project returns, and as-a-service pricing. Pressure-test assumptions on cost of capital, counterparty credit, and residual value.
• Negotiate term sheets, credit agreements, and customer contracts alongside the CIO, Legal, and outside counsel.
• Build and maintain relationships with banks, infrastructure funds, private credit, tax credit buyers, and the capital and infrastructure teams at hyperscalers and neoclouds.
• Run the CIO's operating cadence: priorities, pipeline tracking, and weekly deal reviews.
• Prepare board, investment committee, and investor update materials.
• Act as the CIO's proxy in cross-functional work with Finance, Legal, Commercial, and Engineering to keep deals moving.
• Track capital markets, digital infrastructure financing trends, and tax credit policy, and turn them into concrete recommendations.
• Take on special projects as the CIO's mandate evolves, including strategic partnerships and M&A.

What You BringRequirements

• 4-7 years of experience in infrastructure, energy, or data center financing, from private equity, investment banking, infrastructure or venture capital, project finance, or a digital infrastructure developer or operator.
• Hands-on execution of closed transactions: capital raises, project financings, or structured credit. You have built the model and sat at the negotiating table.
• Expert financial modeling: project finance, levered returns, debt sizing, and waterfall structures.
• Working knowledge of energy tax credits (§48E, §6418 transferability, tax equity) and how they shape capital structure.
• Understanding of data center and digital infrastructure economics, including colocation, powered shell, and lease structures.
• Clear, concise written and verbal communication. You can turn a complex structure into a one-page memo for a board.
• Bachelor's degree in finance, economics, engineering, or a related field.

Preferred

• Existing relationships with lenders, infrastructure funds, tax credit buyers, or hyperscaler and neocloud infrastructure teams.
• Experience structuring equipment-as-a-service, leasing, or other off-balance-sheet solutions for large customers.
• Exposure to ERCOT or other U.S. power markets and battery storage revenue models.
• MBA, CFA, or equivalent.
• Fluency in Spanish is a plus.

For US-based roles - What you’ll get:

• Competitive salary + annual performance-based bonus eligibility
• Medical, dental, and vision insurance
• 401(k) with company match
• Paid time off and company holidays

For Mexico-based roles - What you’ll get:

• Competitive salary + annual performance bonus eligibility
• Christmas Bonus (Aguinaldo): 30 days
• Major medical expenses and life insurance
• Paid time off and holidays (per local policy)

For all roles:

• Professional development and growth opportunities
• Opportunity to grow with a mission-driven team shaping the future of clean energy
• Equal Opportunity: ON.energy is committed to equal employment opportunity and to maintaining a work environment free of harassment, discrimination, or retaliation.
• Benefits vary by role and location and are subject to change.