Structured Finance Associate, IPP

New Leaf Energy, Inc.

$96K — $112K *
Troy, NY 12180In-Person
Energy & Utilities
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3-4 years in renewable energy project finance or corporate development, specifically with solar assets.
  • Bachelor's degree in Finance, Economics, Business, or a related quantitative field.
  • Advanced Excel modeling skills with knowledge of VBA considered a plus.
  • General understanding of tax equity concepts and different project finance structures.
  • Familiarity with the project development lifecycle for renewable energy projects.
  • Strong attention to detail and project management skills.
  • Excellent written and verbal communication skills.

Responsibilities

  • Maintain complex financial models to assess project returns and cash flows.
  • Provide pricing to the development company for projects considered for sale.
  • Assist in conducting due diligence on projects offered to the IPP.
  • Organize diligence process through checklists and project management tools.
  • Support drafting project-specific agreements and identify post-closing obligations.
  • Monitor compliance with financing agreements' conditions.
  • Manage operations supporting the capital structure including compliance and reporting.
  • Support new capital transactions and facilitate smooth deal closings.
  • Maintain data rooms and address investor inquiries during capital raising.
  • Proactively suggest process improvements in coordination with stakeholders.

Benefits

  • Competitive salaries and comprehensive medical, dental, and vision coverage.
  • 401k plan with immediate vesting and company match contributions.
  • Open and self-managed paid time-off policy.
  • Hybrid work environment supporting remote work part of the week.
  • Parental leave available immediately for all parents.
  • Professional development and education assistance.
Full Job Description
New Leaf Energy, Inc. is seeking a Structured Finance Associate to join our team supporting our Power Plants division.

This position may be filled out of our Boston, MA or Lowell, MA, Troy, NY, Chicago, IL or Oakland, CA offices. We value in-person collaboration and offer a hybrid work environment. Hybrid employees work in the office at least two out of every Tuesday, Wednesday, and Thursday and are free to work from the office or home on other days.

Position responsibilities will include, but are not limited to:
  • Maintain complex, project and portfolio-level financial models to evaluate project returns (IRR, NPV), cash flows, and sensitivities
  • Responsible for providing arm's length pricing to NLE's development company (DevCo) for projects in consideration for sale to NLE's Power Plants Division (IPP)
  • Support Manager of Structured Finance and third party diligence providers in performing diligence on projects offered to IPP by DevCo with respect to real estate, project permitting, and interconnection, and other development items
  • Maintain checklists, schedules and other project management tools required to keep the diligence process organized and allow transactions with New Leaf's DevCo to close quickly and IPP to draw down on funds to move forward in the project construction process
  • Assist Manager of Structured Finance in drafting of project-specific MIPAs between NLE DevCo and IPP using existing template, identifying potential DevCo post closing obligations (PCOs) and inclusion of additional terms that align with IPP's financing arrangements
  • Monitor and ensure compliance with the condition precedents (CPs) agreed to by IPP in existing financing agreement(s) in support of drawing down on committed funds in a timely manner
  • Manage the day to day operations needed to support the capital structure, including compliance, reporting, and execution of supplemental funding agreements. Execute on the standard work needed for this to run smoothly and efficiently.
  • Support all new capital transactions, including serving as deal support on additional rounds of PPD financing. Perform project management of internal and external resources to ensure efficient execution and a smooth deal close
  • Manage data rooms and respond to investor inquiries during capital-raising processes.
  • Proactively identify and work on new process improvements in coordination with other stakeholders.
  • Any other duties, as assigned by Manager of Structured Finance.

Desired Qualifications

While no individual will possess them all, the successful candidate will bring many of the following experiences, skills, and attributes. If you're unsure whether you meet enough of the qualifications below but believe that your experience and skill set is a good match for this position, we invite you to apply!
  • 3-4 years in renewable energy project finance, investment banking, or corporate development, specifically with exposure to solar assets.
  • Bachelor's degree in Finance, Economics, Business, or a related quantitative field
  • Advanced Excel modeling skills (VBA is often a plus) and a deep understanding of Project Finance mechanics.
  • General understanding of tax equity concepts and different project finance deal structures;
  • General understanding of project development lifecycle for renewable energy projects
  • Strong attention to detail and project management skills required;
  • Strong written and verbal communication skills.

Compensation

New Leaf Energy compensates all employees in three ways: market-competitive base salary, plus above-market variable compensation, plus an equity-like program such that all employees experience the benefits of ownership. We use a data-driven and transparent methodology to calibrate compensation that is externally competitive and internally equitable, guided by the New Leaf Energy compensation manual, which is available to all employees.

Under our compensation framework, the likely base salary range for this position in Troy is $96,690 - $112,150. The on-target annual cash bonus associated with this position is an additional 10% percent of base salary. Your actual salary may be above, in, or below this range, depending on your location and experience. Our office locations in Lowell, Boston, Oakland, and Chicago all carry geography-based upward adjustments to the base pay range.

We value transparency and can share more during the interview process.

Benefits and Culture

New Leaf Energy's success is driven by our collaborative, long-term relationships based on trust and transparency. We offer a flexible work environment that places significant responsibility in independent teams and creates opportunities for innovation and personal growth. New Leaf Energy's benefits are designed to appropriately recognize our employees' contributions and enable a reasonable work/life balance. Our benefits include:
  • Competitive salaries and comprehensive benefits, including medical, dental and vision;
  • A 401k plan with immediate vesting and a company match (100% of the first three percent of your pay; 50% for the next two percent you contribute);
  • An open and self-managed paid time-off policy;
  • A hybrid work location policy that supports working from home for part of the week;
  • A parental leave policy for both birthing and non-birthing parents, available immediately upon hire;
  • Professional development and education assistance.

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