Director of Project Finance
Gridwealth - salem, MA
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The Director of Project Finance is responsible for all aspects of Gridwealth's project finance activities. This executive position will work closely with the Director of Installations and Director of Accounting to maximize economic returns in the deal structuring of Gridwealth's portfolio of commercial and industrial-scale electricity generation and storage projects. This position will maintain and grow third party financing relationships to ensure Gridwealth has the most competitive financing sources available on the market. The position will also inform PPA prices, requiring a deep understanding of current market return expectations and long-term trends.PRINCIPAL RESPONSIBILITIESDrive down the company's cost of capitalOwn and improve project financial modelsOversee, manage, lead and train finance team staff and mentor others, all while still controlling and maintaining fundamental responsibility for production of the needed work productsDevelop strong working relationships with the Development team and other key linkages within and outside the companyMaintain key relationships with banks, financial institutions, and tax equity providers to ensure valuation is at the most competitive terms and oversee financing through financial close and project completionsReview and negotiate project agreements, tax equity, debt financing, joint development, and partnership agreementsPerform project-level financial due diligence across various functional groups including EPC, O&M, asset management, interconnection, real estate, permitting and environmental, and insuranceOversee the creation and maintenance of pricing tools for financed solutions including lease, PPA, bank loans and others as applicableIntegrate pricing tools with our investors' financial models and structurereturn requirementsWork with SalesMarketing team to clarify value proposition and help close with financial decision-makerDetermine PPA pricing for projects in development by the Sales and RFP teamsUnderstand applicable incentives and rate structures that drive financial valueTrain SalesMarketingOperations personnel in key aspects of financial sales processPlace projects with appropriate 3rd party financiers, including driving the contracting processes.Oversee the creation and maintenance of information memorandums and data rooms for active financed projectsOversee and continually update credit approval processPerform fiduciary role in managing portfolio riskDESIRED SKILLS AND EXPERIENCEMasters in Finance, MBA, or equivalent work experienceA minimum five years' experience in project finance as it relates to renewable energyExperience leading tax equity structuring and sell side transactionsExpert in MS Excel and high proficiency with other MS Office productsAble to communicate complicated and technical points clearly both verbally and in writingExcellent interpersonal communication skills, both verbal and writtenAbility to work well with others in a collaborative team environmentEntrepreneurial mindset and ability to self-manageCommitment to integrity in all dealingsExperience with credit analysis Pluses: Knowledge of principles of GAAP, and legal knowledge of UCC andor financial transactions.
Created: 2025-02-21