Avantus

Develops, builds, and operates utility-scale solar.

Senior Director, Project Finance - Capital Markets

Investment BankingConfirmed live in the last 24 hours

Full-time

About the Job

Requirements

Typically, 8–10+ years of project finance, corporate finance, or investment banking experience in renewable energy or a similar industry.
Strong financial modeling capabilities and structuring experience.
Familiarity with project finance structures, including partnership flips, construction financing, and back-leverage.
Experience creating marketing materials, including teasers and CIMs, and managing data rooms.
Strong background knowledge in the renewable development process.
Ability to analyze new structures to assess the merits of alternative financing structures.
2–3 years of experience with the overall financing process, including negotiation, documentation, and creation of marketing materials.
Demonstrated ability to bring complex, high-value business transactions to closure under tight timeframes; investment banking experience is a plus.
Demonstrated ability to work with cross-functional teams, including managing financial, legal, and internal review and approval processes to successfully close transactions.
Comfort working in a fast-moving and dynamic environment.

Responsibilities

Lead transaction execution for various types of financing, including M&A, project financings, and corporate-level financings.
Serve as the primary point of contact for negotiating financing documentation.
Coordinate with analysts, associates, and project team members to manage closing processes, including coordinating reviews and approvals across multifunctional teams to bring transactions to financial close under tight timeframes.
Identify and maintain relationships with potential project investors within equity fund and banking communities, develop strategies to build the utility-scale solar power generation project pipeline in North America, and propose, facilitate, and close project finance solutions.
Maintain and develop external relationships with financing counterparties.
Stay current on market financing terms and obtain intelligence on financings within the sector.
Maintain and take internal and external responsibility for complex project finance models used to evaluate renewable energy projects during development, construction, and operation, individually and across portfolios; manage and audit models created by junior team members.
Analyze project models and draw conclusions about financing terms and constraints for construction loans, tax equity bridge loans, and sponsor equity with back-leverage loans in time- and yield-based partnership-flip tax equity structures.
Obtain and negotiate financing term sheets and agreements.
Review and negotiate project documentation and third-party reports, including PPAs, financing term sheets and agreements, and IE reports, and accurately integrate assumptions into financial models.
Represent the project team in assessing financeability issues related to PPAs, EPC and procurement agreements, and other major contracts or development topics.
Independently develop and run model sensitivities and quantify their impact on sponsor IRRs, margins, and other key metrics.
Drive the creation and completion of fundraising marketing materials, including teasers and CIMs, and manage data rooms.
Manage the closing process, including coordinating reviews and approvals across multifunctional teams, to bring transactions to financial close under tight timeframes.
Contribute to updates to underwriting standards to ensure market and internal assumptions are accurately captured in financial models.
Perform other duties and special projects as assigned.
Manage project financings to meet closing timeframes.
Analyze or evaluate complex financing topics and lead discussions with external parties and internal subject-matter experts to reach conclusions or resolve issues.
Mentor Project Finance Associates and Managers.
Prepare and present materials to senior and executive teams and to the Board, as necessary.
Engage with counterparties to stay current on financing and tax issues affecting the industry.

Desired Qualifications

Investment banking experience is a plus.

ABOUT AVANTUS

Avantus develops, owns and operates utility-scale clean energy projects across California and the Desert Southwest. Our development pipeline of solar with integrated storage will generate enough dispatchable power to serve more than 10 million Americans, day and night. Backed by strategic investment from KKR and EIG, and building on more than a decade of industry leadership, Avantus is growing its position as an independent power producer, delivering affordable, reliable clean energy solutions to meet America’s growing energy demand.

ABOUT THE POSITION

We are seeking a highly motivated and organized candidate for a Sr. Director, Project Finance position. The Sr. Director, Project Finance leads transaction execution across M&A, projecting financings, and corporate level financings for Avantus. The successful candidate will demonstrate sound industry knowledge, superior communications, and detail-oriented organizational skills.

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES

Lead transaction execution for various types of financing, including M&A, project financings, and corporate level financings
Primary point of contact to negotiate financing documentation
Coordinate with analysts, associates, and project team members to manage closing processes, including coordinating reviews and approvals across multi-functional teams, to bring the transaction to financial close under tight timeframes
Identify and maintain relationships with potential project investors within the equity fund and banking communities and develop strategies to build up our utility-scale solar power generation project pipeline in North America; propose, facilitate, and close project finance solutions
Maintain and develop external relationships with financing counterparties
Stay current on market financing terms and obtain intel on financings within the sector
Maintain and be responsible (internally and externally) for complex project finance models for internal and external parties to evaluate renewable energy projects during various stages of development, construction, and operation on an individual and portfolio basis Manage and audit finance models created by junior team members
Analyze and draw conclusions from project models which evaluate various financing terms and constraints for construction loans, tax equity bridge loans, and sponsor equity with back-leverage loans in time and yield-based partnership flip tax equity structures
Obtain and negotiate financing term sheets and agreements
Review and negotiate project documentation and third-party reports, including PPAs, financing term sheets and agreements, IE reports, etc., and accurately integrate assumptions into financial models
Voice of the project team to assess financeability issues related to PPAs, EPC and Procurement Agreements, and other major contracts or development topics
Independently develop and run sensitivities in models and quantify resulting impact on sponsor IRRs, margins, and other key metrics
Drive creation and completion of marketing materials for fundraising, including teasers, CIMs, and management of data rooms
Manage closing process, including coordinating reviews and approvals across multi-functional teams, to bring the transaction to financial close under tight timeframes
Contribute to updates to underwriting standards to ensure proper market and internal assumptions are accurately captured in the financial models
Perform other duties and special projects, as assigned

Manage project financings to meet closing timeframes
Analyze or evaluate complex financing topics. Lead discussions with external parties and internal SMEs to drive at conclusions or issue resolutions
Mentor Project Finance Associates and Managers
Prepare and present materials to Senior and Executive teams and to the Board, as necessary
Engage with counterparties to stay current on financing/tax issues affecting the industry

REQUIRED SKILLS AND QUALIFICATIONS

Typically, 8-10+ years of project finance, corporate finance, or investment banking experience in renewable energy or similar industry
Strong financial modeling capabilities and structuring experience
Familiarity with project finance structures, including partnership flips, construction financing, and back-leverage
Experience creating marketing materials, including teasers, CIMs, and managing data rooms
Strong background knowledge in renewable development process
Ability to analyze new structures to assess merits of alternative financing structures
2-3 years’ experience with overall financing process, including negotiation, documentation, creation of marketing materials
Demonstrated ability to bring closure to complex and high value business transactions under tight timeframes; investment banking experience a plus
Demonstrated ability to work with cross-functional teams, including managing the financial, legal, and internal review and approval process to successfully close transactions
Strong communication skills with proven track record in building relationships and working in cross-functional collaborative teams
Comfortable working in a fast-moving and dynamic environment

#LI-Hybrid
#LI-Remote

Avantus offers competitive compensation with an excellent benefits package, including 401(k) matching; comprehensive medical and dental plan options; and flexible PTO. We are an equal-opportunity employer.

The base salary range for this full-time position is listed below (plus bonus and benefits). Our salary ranges are determined by role, level, and location. The range displayed on each job posting reflects the minimum and maximum target for new hire salaries for the position in California. Within the range, individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training. Your recruiter can share more about the specific salary range for the applicable location during the hiring process. Please note that the compensation details listed reflect the base salary only, and do not include bonus and benefits.

Pay Range

$230,000—$275,000 USD

Pay Range 230000 - 275000 USD

About the Company

Avantus

Develops, builds, and operates utility-scale solar.

Avantus develops, builds, owns, and operates utility-scale solar and energy storage projects, mainly in the Western United States. It manages the full project lifecycle—from development and financing to construction and ongoing operation—and earns revenue by selling clean energy to utilities and large customers. A key differentiator is its integrated, end-to-end approach across project development, financing, construction, and operation, supported by a large project pipeline. A majority stake held by KKR is expected to speed up the deployment of its solar and storage projects. The company’s goal is to provide reliable, low-cost clean energy to communities and businesses while advancing the energy transition.

Company size: 201-500
Company stage: N/A
Total funding: $2.6B
Headquarters: Folsom, CA
Founded: 2009

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