Associate, Development Acquisitions
CleanCapital - new york city, NY
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Who We Are CleanCapital is a diversified clean energy company focused on the middle-market solar and storage industry. Mission-driven to mitigate the climate crisis, CleanCapital leads the energy transition with strategic investments in early-stage, new construction, and operating renewables projects and development partners. To date, the company has invested $1 billion in projects and companies, including the acquisition of BQ Energy, a national leader in landfill and brownfield renewable energy development. The company has successfully acquired and managed over 230 operating and new construction projects in 26 states and one U.S. territory, totaling 460 MW. Location of Position This position is a fully remote position, with a hybrid work schedule of 2 in-office days highly encouraged if located near our NYC or Buffalo office locations. What We Offer • Opportunity to join a top-notch, collaborative team of professionals • Fantastic team environment and collaborative culture • Professional development opportunities to grow into an industry leader • 100% paid for single and family benefits plus 401k matching program • The range for this position is {$114,750 - $155,250} plus an annual performance based bonus Our Commitment to Diversity CleanCapital is committed to fostering a diverse and equitable workforce reflective of our community while also valuing each persons' unique perspective, skills, and experiences. CleanCapital does not discriminate against any individual's race, religion, sexual orientation, gender identity, age or nationality and is committed to promoting a more just and inclusive world through intentional policies and actions. Position Summary The Associate will coordinate all project due diligence, modeling and investment screening across CleanCapital's development pipeline, as well as executing project financing and M&A transactions. The Associate is expected to complete complex tasks independently, with oversight and input from their supervisor. Specific responsibilities include: • Works with the development team to value projects in various stages of development, building complex valuation models, identifying risks and opportunities and presenting target development initiatives to investment committee • Acts as investment manager for internally developed projects, coordinating with project managers, owning, updating and auditing the portfolio model, conducting due diligence, coordinating with third party advisors, and creating investment committee materials • Screens development opportunities across CleanCapital's existing pipeline and project origination efforts to assess project viability and guide future origination efforts • Works with the Capital Markets team and external financing advisors to coordinate marketing materials, models, Q&A for tax equity and debt financings and monitor project development expense budgeting • As needed, completes special projects for other business verticals at CleanCapital Education Requirements • Bachelor's Degree required; MBA or relevant graduate degree preferred Technical Skills and Experience â— 4+ years of experience in renewable energy acquisitions and financing. â— Preferred, but not required experience: â—‹ Creation and modification of sophisticated Excel based models including financial statement models and valuations/LBO/DCF models. â—‹ Managing and/or coordinating complex transactions with multiple stakeholders and advisors. â—‹ Conducting asset due diligence and auditing financial models to ensure 100% accuracy of assumptions and information â—‹ Writing comprehensive summary documents and collecting investment materials to present to senior and external audiences. â— Solar experience is strongly preferred. Psychosocial Skills /Human Skills/Behavioral Skills • Strong analytical, organizational, and problem-solving skills. • Entrepreneurial mindset with the ability to take ideas and run with them from concept to conclusion. • Technical understanding of clean energy business processes • Exceptional verbal and writing communication skills with superiors, peers, partners, and other stakeholders. • Excellent interpersonal skills while managing multiple priorities in a fast-paced and ever-changing environment. • Excellence in Microsoft Office (Word, Excel, PowerPoint) Physical Demands The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. The physical demands of this job require an individual to be able to work at a computer for most of the day, be able to participate in conference calls and travel to team retreats on a time-to-time basis. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Work Conditions If working remotely, your work environment is what you make of it, however CleanCapital encourages everyone to have a dedicated workspace that, for the most part, can be free of distractions. If working in one of our Corporate Offices, the work environment is usually quiet (normal city traffic noises are common), a blend of artificial and natural light, temperate and generally supports a collaborative work environment. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Equal Employment Opportunity Statement CleanCapital provides equal employment opportunities to all employees and applicants in all company facilities without regard to race, color, religious creed, sex, national origin, ancestry, citizenship status, pregnancy, childbirth, physical disability, mental and/or intellectual disability, age, military status or status as a Vietnam-era or special disabled veteran, marital status, registered domestic partner or civil union status, gender (including sex stereotyping and gender identity or expression), medical condition (including, but not limited to, cancer related or HIV/AIDS related), genetic information, or sexual orientation in accordance with applicable federal, state and local laws.
Created: 2024-11-05