POSTED Sep 6

Manager of Project Finance (Hybrid) at NineDot Energy

  • Project Management
  • Fulltime
  • Anywhere (100% Remote) Only
Job Description

Manager of Project Finance (Hybrid)

FLSA Classification: Exempt

Salary Range:

$125,000 to $150,000

Reports to: CEO

Date Aug 29, 2022

About The Company:

NineDot's name derives from the classic mathematical puzzle for sparking out-of-the-box solutions. As a leading community-scale, clean energy developer with a growing portfolio of projects across a range of technologies, NineDot Energy is creating innovative energy solutions that support a more resilient electric grid, deliver economic savings and reduce carbon emissions. We plan to develop, build and operate more than 400 MW of clean energy systems by 2026 that will strengthen the local power grid infrastructure and provide clean, reliable and resilient power to tens of thousands of New York households and businesses. This is all in support of New York State’s mission to achieve 100% clean energy by 2040.

With the backing of the Carlyle Group - one of the largest private investors in renewable energy - NineDot is rapidly expanding its core team to scale its energy storage pipeline and continue innovating new products (i.e. vehicle-to-grid, community energy, etc.) to advance the decarbonization of New York’s grid. This is an exciting opportunity to build a platform from the ground-up with a world-class team of developers and innovators. NineDot is committed to building a company that exemplifies diversity, equity and inclusion values in its team culture, as well as business practices and community engagement.

Job Summary

This position reports directly to NineDot Energy’s CEO and will collaborate with all levels of management especially: VP of Finance, CTO, and Head of Project Development. The Manager/Director of Project Finance will oversee controlling and managing infrastructure and industrial projects from the financial perspective in the long term, which includes making financial decisions regarding the long term view of the portfolio development, including raising funds through debt, tax equity and tax equity and providing insight to leadership on the impact long term contracts will have on the future cash flows of the organization. This will be a key role in modeling the financial outcome of potential projects and analyzing their viability and earnings.

Role and Responsibilities

Build complex “project finance” economic models from concept to future cash flows.

Coordinate with banks, financial institutions, and consultants to arrange syndication and raise funds from various financial institutions/banks/lease finance companies.

Coordinate due diligence, term sheet, negotiations, and documentation with finance providers.

Screen new projects, define project description and scope, and conduct feasibility studies to determine the financial viability of new ventures projecting cash flow and growth opportunities.

Work closely with the project development team to identify, analyze and execute the most optimum financing solution for projects which include debt and tax/project equity.

Prepare, monitor, and ensure cash flows, fund flows, profitability statements, IRRs, Payback periods, DSCRs, projected profitability, and other financial parameters/reports to analyze inflow/outflow of funds and profits/surplus resulting thereof.

Recommending necessary corrective actions, and conducting financial research of similar companies and/or projects for benchmarking ratios and performance tracking.

Undertake all the necessary activities, i.e., collecting the information, preparing the projection model, finalizing the design, etc. to evaluate capital investment, proposals and calculate project/dividend IRRs, DSCRs, sensitivity analysis, etc.

Conduct a financial analysis of similar companies and/or projects for benchmarking ratios and performance tracking.

Coordinate debt facilities’ drawdown/repayment formalities and monitor compliance with financing conditions and obligations.

Provide consultative assistance and follow-up services on closed transactions as necessary.

Support economic analysis of project financing and M&A.

Support development and RFP processes through analysis of economic impact of key terms and conditions and sensitivity analysis.

Work with the Project Development Team to collect bottom up financial forecasts and update estimates to complete schedules.

Prepare and manage project specific deliverables related to financial or contractual requirements.

Proactively seek opportunities to improve project financing efficiency and results by using knowledge and technical expertise to recommend project financing solutions or to address issues before they become significant problems.

Perform all other duties as assigned.

Competencies for Success

Problem Solving - Uses rigorous logic and methods to solve difficult problems with effective solutions.

Interpersonal Savvy - Relates well to all colleagues inside and outside the organization.

Intellectual Horsepower - Deals with concepts and complexity comfortably.

Perseverance - Pursues everything with energy, drive, and a need to finish; seldom gives up before finishing, especially in the face of resistance or setbacks.

Technical Learning - Picks up on technical things quickly; can learn new skills and knowledge; is good at learning new industry, company, product, or technical knowledge.

Creativity - Comes up with a lot of new ideas; easily makes connections among previously unrelated notions; tends to be seen as original and value-added in brainstorming settings.

Dealing with Ambiguity - Can effectively cope with change; can decide and act without having the total picture; can comfortably handle risk and uncertainty.

Required education and experience

Five years of professional experience in project finance.

Bachelor’s degree in Finance, Accounting, Business Administration, or related fields required, Master’s degree preferred.

Experience and knowledge in areas of project proposals, project finance management, and all the financial accountabilities related to multiple projects.

Experience in the energy, real estate, tax credit structuring, and prior project finance roles strongly preferred.

Strong financial modeling, presentation and communication skills.

Experience in equity and debt fundraising and optimizing capital structure.

Knowledge of project finance documentation and experience handling financial closing work either as a project developer or a financier.

Affirmative Action/EEO statement

We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.

COVID Vaccination:

Some of NineDot roles require that individuals be fully vaccinated against COVID-19, subject to exemptions for medical or religious reasons, as well as any other reason required by applicable law or order. Should you be selected for an interview, your recruiter will provide additional information.

Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions. **** 

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