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Tax Equity Financing Director Solar, BESS (Bilingual Korean)

Cesna Recruitment
Posted 2 months ago, valid for 13 days
Location

Ridgefield Park, NJ 07660, US

Salary

Competitive

Contract type

Full Time

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Sonic Summary

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  • The position is for a Tax Equity Financing Director focused on financing Solar, Wind, and BESS projects in the US and Canada.
  • Candidates must have a minimum of 5 years of experience in tax equity financing within the Solar/BESS sectors, with full financial closing experience.
  • The role involves developing bankable financial models and providing strategic guidance to teams to mitigate Tax Credit Recapture Risk.
  • The successful candidate will work in Ridgefield Park, NJ, and should be bilingual in English and Korean to facilitate communication with the HQ in Korea.
  • Salary details are not provided, but the role requires a strong academic background and a commitment to professional ethics.

Seeking a Tax Equity Financing Director who will conduct tax equity and project financing of Solar/Wind/BESS projects in US/Canada.

[Job Description]

- Engages in overall detail scope of project financing of renewable energy projects (Solar, Wind, BESS) in US/Canada from initial structuring of financing tranches, financial model analysis, teaser/CIM preparation to closing financing documents. (major focus will be Solar/BESS)

- Develops bankable financial model. Analyzes project profitability under various financing structures such as tax equity, hybrid (tax equity + tax credit sales) or tax credit sales etc. and under various business input scenarios to come up with optimal project strategy including offtake plan, financing structure etc.

- Provide strategic guidance to the O&M and Asset Management teams to mitigate Tax Credit Recapture Risk and ensure compliance with long-term tax equity structures (e.g., Transferability, Prevailing Wage, and Apprenticeship requirements under the IRA).

- Collaborates with different functional teams such as finance team in US(New Jersey)/Seoul, renewable energy business team in US(various states)/Seoul during the course of project financing process.

- Catches up up-to-date financing structure, financing terms in renewable energy sector under changing regulatory environment in US/Canada.

- Bachelor’s degree with strong academic record from a reputable undergraduate program.

- Minimum 5 years' working experience of tax equity financing field in Solar/BESS sectors in US with full financial closing experience/knowledge of tax equity financing, hybrid financing (combination of tax equity and tax credit sales) and commercial project loan.

- Excellent skills to develop and handle bankable financial model in Solar/BESS sectors in US reflecting various financing structures in the market.

- No restriction in business travel in US/Canada.

- Work in Ridgefield Park NJ HQ

- Highly committed, accountable and passionate about conducting a wide range of financing work while maintaining high degree of professional ethics and integrity

- English/Korean bilingual is highly preferred to communicate with HQ in Korea.




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