Full-Time

Tax Director

Posted on 11/20/2024

Nexamp

Nexamp

501-1,000 employees

Community solar energy solutions provider

Energy

Senior

Chicago, IL, USA

Hybrid role based out of Chicago or any of the other hub office locations (Boston, Washington DC, New York City).

Category
Tax Accounting
Accounting
Requirements
  • Bachelor’s Degree in Accounting or Finance
  • Minimum 5-7 years of related tax experience
  • MBA, MST, CPA or equivalent strongly preferred
  • Strong knowledge of U.S. Corporate Tax and Partnerships
  • Knowledge US GAAP and IFRS Accounting for Income Taxes
  • Knowledge and Experience with Tax Credits
  • Knowledge of tax equity financing structures, including partnership flips and sale-leasebacks
  • Commitment to Nexamp's mission and have a passion for solving tomorrow's climate crisis today.
  • Demonstrated experience in effectively communicating information, ideas, and perspectives with people inside and beyond your organization.
  • Experience in showcasing initiative to make improvements to current work, processes, products, and services across the organization. We value accountability and an ownership mentality.
  • Ability to ask appropriate questions, analyze data, identify the root causes of problems, and present creative solutions.
  • Expertise in building strong internal and external relationships with customers and stakeholders, instilling trust and loyalty across the industry.
  • Eagerness to develop a fundamental understanding of how Nexamp operates and then apply that knowledge effectively to inform business decisions.
  • Previous experience engaging and inspiring teams to excel while focusing on the growth and well-being of team members.
Responsibilities
  • Oversight and accountability for direct and indirect tax compliance activities including, Federal, State, Local and Foreign Tax including filings and response to notices and audits
  • Lead tax planning, budgeting and forecasting with internal team and external advisors
  • Oversee and manage the process for claiming and monetizing Investment Tax Credits
  • Manage sales and use tax for the company ensuring proper reporting and remittance
  • Monitor and summarize new legislation and tax developments
  • Collaborate with People team and Legal team on new registrations and legal entities established
  • Provide advice to business groups on various tax matters including eligibility for state, local or federal tax incentives
  • Coordinate with tax advisors annual tax provision workpapers in accordance with US GAAP and IFRS
  • Prepare and manage tax policies, processes and controls including documenting tax positions
  • Coordinate with tax advisors on annual returns for Corporate and Partnership tax returns
  • Coordinate with and support key investors related to Corporate and Partnership tax matters
  • Support Policy team on federal, state and local tax matters including navigating the Inflation Reduction Act and related tax credits and adders
  • Business partner on project level structured financings (including tax equity), working closely with the CFO, the Capital Markets team and the in-house legal team
  • Manage and train staff within the tax group
  • Other ad hoc projects as assigned

Nexamp focuses on solar energy solutions, particularly through Community Solar projects that allow homeowners and small businesses to benefit from solar energy without installing rooftop panels. Customers can save up to 10% on their electricity bills by subscribing to a share of a local solar farm's output. The company differentiates itself by managing all aspects of solar project development, from design to maintenance, and by partnering with property owners to create profitable solar sites. Nexamp's goal is to make clean energy accessible and affordable while contributing to a sustainable future.

Company Stage

N/A

Total Funding

$1B

Headquarters

Boston, Massachusetts

Founded

2007

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

21%
Simplify Jobs

Simplify's Take

What believers are saying

  • Securing $520 million in funding from prominent investors like Manulife Investment Management and Mitsubishi Corporation positions Nexamp for significant growth and expansion.
  • Nexamp's diverse revenue streams, including subscriptions, project development, and energy storage solutions, provide financial stability and growth opportunities.
  • Partnerships with companies like CAMS for maintenance services ensure high operational efficiency and reliability of their solar projects.

What critics are saying

  • The competitive landscape of the renewable energy sector requires Nexamp to continuously innovate to maintain its market position.
  • Dependence on external funding and investment could pose financial risks if market conditions change or investor interest wanes.

What makes Nexamp unique

  • Nexamp's Community Solar model allows customers to benefit from solar energy without installing rooftop panels, setting it apart from traditional solar providers.
  • The company handles all aspects of solar project development, from design to maintenance, ensuring a seamless experience for property owners and subscribers.
  • Nexamp's innovative use of agrivoltaics, such as integrating sheep grazing for vegetation management, highlights their commitment to sustainable and efficient solar farm operations.

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