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Structured Finance Associate

Company: Sunrock Distributed Generation
Location: New York
Posted on: May 28, 2023

Job Description:

Company Sunrock Distributed Generation partners with solar developers and installers to acquire, originate, and financecommercial solar and storage assets at various stages of development. Sunrock Distributed Generation develops and owns distributed generation assets across the U.S. to help commercial property owners of all sizes reduce energy bills, enhance resiliency and decarbonize. Through unique underwriting strategies, aggregation and diversification, we enable massive capital flows into smaller scale, higher-yield projects.Greenbacker Development Opportunities Fund I, L.P. ("GDEV") has partnered with Sunrock to jointly build out a commercial solar / storage aggregation platform. Greenbacker has deployed approximately $1.9 Bn in capital in sustainable infrastructure investments, acquiring, constructing, and operating over 2.6GW renewable energy assets. -SummaryThe Structured Finance team is looking for a highly motivated and analytical associate candidate who has a strong interest in joining a dynamic and high performing team to capitalize on substantial deal flow for a scaling platform in the U.S. The individual will work closely with the development, origination, construction, legal, and engineering teams to ensure successful financings for commercial-scale solar and energy storage projects. ReportingThis position reports to the Director of Structured FinanceDuties And Responsibilities

Support negotiations with financing counterparties for solar assets, including tax equity, construction debt, term debt, and other financial products.Perform all aspects of transaction execution including project marketing, establishment of financing terms, investor due diligence, modeling, management of outside consultants, and closing.Provide guidance to Sunrock Distributed Generation's Business Development and Project Development teams regarding financial modeling and investor appetite for new financial structures.Support Business Development team members successfully pricing and winning solar and solar + storage projects.Prepare management presentations at key milestones in project lifecycle including term sheet execution and financial close.Support valuation and financing efforts for acquisitions of projects that have offtake contracts.Work with junior staff to maintain and refine the company's financial model suite through continuous improvement.Closely follow industry trends and competitors, including deal flow and transaction. -Who We're Looking ForKnowledge & Skillset
Outstanding financial modeling skills.Excellent written and oral communication skills, including comfort interacting with internal management and financing counterparties.Detailed knowledge of tax equity and debt structures in the renewable energy space; or conceptual understanding of power markets preferred.Knowledge of VBA (a plus). -Qualifications & Experience
2 years finance experience in a transactional role, preferably in investment banking, working for a renewable energy development company, or in another role performing detailed financial analyses.Bachelor's degree, ideally in a quantitative fieldSuccessful track record of supporting project finance transactions from beginning to end.This is a full-time remote position, with occasional in-person team meetings in New York and Baltimore.Powered by JazzHR

Keywords: Sunrock Distributed Generation, New York , Structured Finance Associate, Accounting, Auditing , New York, New York

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