The Vice President of Structured Finance will be responsible for tax equity finance structuring, negotiations, and execution, power purchase agreement (PPA) pricing, project finance modeling, financial planning and analysis (FP&A) support, and other strategic planning efforts for Standard Solar, a developer, installer and owner of solar energy systems.
The ideal candidate will be willing and able to initially take a hands-on approach, dive deep into financial models, establish a long-term departmental vision, and cultivate a self- sufficient team that reduces his/her need to remain in the trenches on a day-to-day basis.
Essential Duties and Responsibilities:
- Negotiate legal and operative documents for tax equity, project debt, and back leverage transactions.
- Prepare timelines and responsibilities as structured transactions are identified.
- Work with internal resource teams (Business Development, Diligence, Engineering, Construction, Accounting, O&M) and external teams (Legal, Tax Equity Investors, Advisors, Independent Engineers, Appraisers, etc.) to establish and monitor workstreams.
- Prepare financial analyses for contract negotiations and product investment decisions
- Support Standard Solar’s business development team by ensuring accurate modeling and analysis of solar energy project economics to calculate profitable Power Purchase Agreement (PPA) pricing.
- Oversee multiple workstreams of PPA pricing requests, ensuring proper documentation of assumptions and quotes in Salesforce.
- Acquire and communicate relevant information about federal, state and local solar energy incentives to Standard Solar stakeholders.
- Drive continuous improvement process for pricing strategy, tools, and process through trend analysis and tracking actual vs. expected results.
- Recommend and track benchmarks for measuring financial and operating performance
- Establish short- and long-range departmental goals, objectives, policies, and operating procedures
- Design, establish, and maintain an organizational structure to effectively accomplish the departments goals and objectives
- Develop and manage accurate and understandable financial models in MS Excel and on other financial model platforms for internal and external audiences.
- Effectively socialize new concepts and engage internal groups to launch and close all types of structured finance transactions.
- Promote a culture of innovation by continuously challenging the staff to seek out process improvement initiatives, automation enhancements and idea generation to ensure transactions are being run optimally.
- Responsible for guiding workflows and monitoring the work output of staff.
- Provide leadership and direction to staff and foster development of employees and teams.
- Hold self and others accountable for shortcomings in the implementation of strategies/initiatives, documenting lessons learned and recommendations for improvement.
- Prepare presentation materials for corporate management and project investors.
- Produce short-term and long-term corporate profitability and cashflow forecasts for management and investors.
Supervisory Responsibilities:
- Manages the Structured Finance Department.
- Recruits and hires financial staff and conducts performance evaluations.
- Coordinates training programs for new staff and identifies training needs for current staff.
Minimum Education, Skills and Qualifications:
- Bachelor’s degree in Accounting, Finance, Economics or another related field. Master’s degree preferred.
- Eight years or more of related experience.
- Experience structuring tax equity transactions strongly preferred
- Proficient in financial modeling concepts.
- Expert with MS Excel, and highly skilled with other MS Office products including PowerPoint and Word.
- Self-starter with a strong sense of ownership and responsibility.
- Strong interpersonal skills and ability to effectively communicate and collaborate with all departments within company.
- Ability to effectively manage multiple deadlines and work in a fast-paced, rapidly changing environment.
- Strong grasp of financial/accounting principles.
- High attention to details.
Position closed.
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