The position of Director of Project Management (DPM) will work as a partner with the Managing Director of the company to lead transaction closings and asset management transition on $50 to > $100 million in investment tax equity annually with a growing and dynamic group of investor and developer partners. The DPM will also participate in business development, staff management and overall process improvements for the company.
The DPM reports to the Managing Director of the company.
Duties and Responsibilities
- Review and provide feedback to Managing Director of the company on preliminary investment packages.
- During the closing process, provide comprehensive assessment of potential risks, project economics, binding contracts and counterparties.
- Prepare and present diligence package to Investment Committee and investors for review prior to transaction close.
- Negotiate key terms of transaction documents, review and approve final language and note any deviations from the Term Sheet.
- Incorporate knowledge of best business practices, negotiation techniques, programmatic, tax and accounting considerations in assessing deal potential and finalizing transaction documents.
- Engage and supervise legal counsel.
- Effectively transition closed transactions to Asset Management team.
- Maintain and update standard forms of Credit Displays, Key Terms, Engagement Letters, Closing Checklists, etc with the goal of effective data management and quality control.
Qualifications, Knowledge and Experience
- Master’s Degree in Business/Finance or related field or Juris Doctor degree.
- 7-10 years of transaction management experience and proven ability to drive transaction closings to completion while maintaining necessary credit, accounting and legal standards.
- Extensive tax credit finance background.
- Solar Tax Credit experience strongly preferred.
- Proficiency in transacting in non-recourse project finance debt products including tax equity.
- Ability to analyze new business opportunities (e.g. new tax credit programs, new asset classes) and develop programmatic structures and alternatives to address relevant risks and benefits.
- Familiarity and comfort with the relevant terms of all sources of financing commonly used in connection with tax credit transactions, and the means to balance equities among all stakeholders.
- Ability to organize and manage multiple sources of data and effectively implement data management systems for multiple transactions at different stages concurrently.
- Ability to conceptualize and structure complicated transactions that rely on knowledge of tax law, accounting practices, financing tools and power contracts.
- Ability to read, analyze and negotiate complex legal documents.
- Ability to interact well with other team members, in person and by phone and email, to effectively communicate and resolve issues verbally and in writing.
- Ability to analyze complex financial models for accuracy, programmatic compliance, credit risk and accounting principles.
- Ability to manage the closing process with all counterparties, their respective counsel, and third party service providers while maintaining valued partnerships.