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Title: Manager, Project Finance
Company Overview
Treaty Oak Clean Energy, LLC (Treaty Oak) is a clean energy platform focused on developing, commercializing, building and operating utility-scale solar plus battery storage projects in targeted US energy markets. Our mission is to create a sustainable future by providing clean, low-cost energy solutions to the grid benefiting energy consumers, communities, and generations to come. Treaty Oak is a wholly-owned portfolio company of Macquarie Asset Management (Macquarie), pairing Treaty Oak’s renewables development expertise with Macquarie’s capital backing.
Headquartered in Austin, Texas, Treaty Oak’s portfolio consists of 20 GW+ of in development and in construction utility scale renewable projects across the United States. Treaty Oak features an experienced management team with a track record of developing and commercializing 9 GW+ of utility-scale power projects and a collective 100+ years’ experience across critical competencies, including power markets, offtake structuring, design, engineering and real estate.
Summary
The Manager, Project Finance, will be a key team member responsible for all aspects of the project finance function, primarily focused on analyzing and leading various financing options for Treaty Oak’s utility-scale solar and battery portfolio under development, as well as new development opportunities and strategically acquired projects.
The Manager, Project Finance, will lead and manage complex financial models and their inputs, due diligence work streams, determination of optimal tax credit monetization structures, project debt and tax monetization financing processes, equity buyouts, asset divestitures, and coordination with external financing parties to support eventual closing and funding of transactions. The position will report directly to a Senior Manager, Project Finance as part of the current team of team of 8 project finance and M&A professionals.
For this high growth opportunity role, Treaty Oak is seeking an individual with significant knowledge and experience of renewable energy project fundamentals, best-practice economic financial modeling of such projects, and debt and tax monetization financing processes along with their associated work streams.
Key Responsibilities
Develop and manage fully structured project financial models to analyze project, partnership, and sponsor level performance of solar and storage projects, then synthesize and communicate summaries to senior management
Prepare marketing materials (e.g. teasers and CIMs) for internal and external stakeholders / financing processes
Manage financier selection, due diligence, documentation, and closing process for debt and tax credit monetization transactions, coordinating with both internal SMEs and external consultants, lawyers, and financing partners
Procure and scrutinize third party reports (e.g., IE, transmission, market, insurance, tax projections, and ITC cost segs) and project documentation (e.g. PPAs, EPC agreements, GIAs, equipment supply agreements, and O&M contracts) to accurately determine and integrate assumptions into financial models
Support the Development, Engineering, and Procurement departments on early-stage evaluation of potential financing structures and key project characteristics (e.g. DC:AC ratios, equipment selection, and tax abatements)
Manage, mentor, and provide guidance to junior team members
Communicate and build relationships effectively with both internal teams and external stakeholders
Education and Qualifications
5+ years of renewable energy experience in project finance, corporate finance, or investment banking
Exceptional Microsoft Excel & PowerPoint skills, with advanced knowledge of Microsoft Excel formulas, financial model creation and best practices, and comfort understanding typical project finance macros / VBA code
Knowledge of renewable energy (solar and storage) project economic drivers and related tax incentives
Understanding of current tax credit monetization structures (e.g. partnership flips, credit transfers, hybrid, and accommodation partner / preferred equity structures) and construction-to-term debt financing, with a capability to economically model such structures
Comfort working in a demanding, deal-oriented team with recurring deadlines
Experience creating marketing materials, including teasers and CIMs, and managing external-facing data rooms
Outstanding critical thinking skills, inquisitiveness, and resourcefulness / ability to work independently
Ability to dynamically prioritize various tasks and meet assigned deadlines in a fast-paced and ever-changing environment
Our Values
These five fundamentals guide how we achieve value:
Integrity: We do what we say we are going to do.
Collaboration: We know that we are better together.
Ambition: We embrace challenge and excellence.
Adaptability: We find solutions and never quit.
Safety: We effectively identify and manage risk.
Employee Benefits
The salary for this position is highly competitive and commensurate with experience
We offer competitive benefits, including unlimited paid time off, paid holidays, cell-phone stipend, 401K and a fully paid health benefits plan for employees, including Medical, Dental, and Vision.
Treaty Oak is an equal opportunity employer. We celebrate diverse backgrounds and thoughts and welcome everyone to apply for employment with us. We are committed to fostering an environment that is inclusive, transparent, and collaborative. Mutual respect is central to how Treaty Oak operates, and we believe the best solutions come from diverse perspectives, experiences, and skills. We embrace our differences and know that we are stronger working together.
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