Senior Analyst Project Finance - Renewable Energy

Location: Remote, USJob Summary

Job Description: Responsible for supporting and managing aspects of the debt and tax equity capital raising and transaction execution for solar and battery storage projects, while also contributing financial and valuation analysis that informs the broader development and acquisition pipeline. Build and manage bespoke financial models that accurately reflect debt, tax equity, and equity terms of financing structures. Ensure internal and external models accurately reflect the transaction structure and terms, and maintain a strong understanding of the causal relationships between model inputs and outputs. Manage external accounting consultants on production of tax equity deal models and manage the financial model audit process and related consultant workstream through close. Maintain portfolio- and corporate-level models, and provide current financing assumptions (pricing, sizing, and terms) to development and commercial teams for pre-NTP acquisition underwriting. Perform valuation and financial diligence analysis for potential acquisition and disposition opportunities, and for assets in development pipeline, including DCF-based analysis. Create reports that detail valuation economics for pipeline projects, and organize and verify financial inputs received from Development, Originations, Market Strategy, Asset Management, Engineering, and EPC.Assist with marketing efforts for capital origination by overseeing preparation of marketing materials, including presentations, financial models, and acquisition and marketing budgets, ensuring materials are accurate, clean, and reflect the overall message and intent of the transaction. Assist in the negotiation of term sheets and definitive documentation for debt, tax equity, and preferred equity structures, converting negotiated terms into modeled project analyses. Coordinate with financing parties and internal/external teams on due diligence, and track diligence deliverables across internal teams, external counsel, and third-party consultants. Prepare and manage deliverables for third-party consultant reports, reviewing for accuracy and consistency with overall deal strategy. Manage aspects of financial closing, including preparation of third-party consultant reports, interfacing with accountants on the tax equity model, managing the debt closing model, due diligence logs, dataroom management, and flow of funds preparation Evaluate and compare capital structures, including construction-to-term debt, back leverage versus project-level debt, tax equity bridge and tax credit transfer bridge facilities, preferred equity, commercial debt, and lease pass-through versus partnership flip. Run sensitivity and scenario analyses to recommend an optimal structure, not simply to model a predetermined one. Size debt against contracted and merchant revenue under applicable coverage tests, and quantify how revenue contract terms (PPA, VPPA, hedge, tolling) drive proceeds. Support the sizing, marketing, and closing of ITC and PTC transfer sales, including buyer diligence, tax credit insurance, and indemnity negotiation. Work alongside tax counsel and accountants on qualification analysis, including domestic content, energy community, prevailing wage and apprenticeship, beginning of construction and safe harbor, and foreign entity of concern requirements. Maintain a current view of tax equity and tax credit transfer market pricing, structures, and counterparty appetite. Support ongoing compliance with debt and tax equity documents, including covenant testing, debt service and reserve funding, distribution tests, and periodic reporting to lenders and investors. Track actual project performance against the financing base case and explain variances. Assist in preparing recurring closing and post-closing deliverables, including loan draw requests, withdrawal certificates, interest elections, and compliance certificates.

Job Requirements: Bachelor's degree, preferably in finance, economics, accounting, engineering, or another quantitative field.2-4 years of experience at an investment or commercial bank focusing on energy infrastructure investing, or at an IPP, developer, or infrastructure investor working on live project finance transactions. Experience financing standalone or co-located battery storage. Exposure to ERCOT, MISO, or PJM, including merchant curves, basis, and congestion risk. Experience closing project finance transactions, including third-party report development, due diligence, modeling, flow of funds, and preparation of closing deliverables (loan draw requests, withdrawal certificates, interest elections, etc.).Strong financial modeling and analytical skills, including DCF analysis and the ability to build a transaction model from a blank workbook. Experience modeling debt transactions, including building out debt sizing logic. Experience modeling and structuring tax equity transactions, including capital accounts, depreciation, and buyouts. Strong understanding of power and financing markets, and project finance more broadly. Strong quantitative aptitude with an extremely high level of attention to detail. Ability to independently own the modeling process for a transaction while collaborating across Development, Originations, Market Strategy, Asset Management, Engineering, EPC, Accounting, and Legal to source inputs and drive deals to close.