Principal, Commercial Investments

Job Title: Manager or Principal Commercial Investments

Location: NYC or Durham

Department: Commercial

Reports To: Director of M&A

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Position Summary:

We are seeking a highly analytical and experienced financial professional to lead our underwriting practices for renewable energy investments across the United States. This offers a unique opportunity to shape investment strategy, mentor junior professionals, and drive financial excellence in a fast-growing sector.

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Key Responsibilities:

• Underwriting Leadership:

o Lead the financial underwriting of renewable energy projects, including solar and storage assets.

o Develop, refine, and maintain complex financial models to assess investment viability, risk, and return profiles.

o Collaborate with cross-functional teams (development, legal, engineering) to ensure accurate inputs and assumptions.

• PPA RFP & Development Support

o Provide financial modeling and strategic input for Power Purchase Agreement (PPA) RFP responses for development-stage assets.

o Collaborate with development, legal, and commercial teams to align financial assumptions with project strategy and market dynamics.

• M&A Analysis

o Support M&A activities including target evaluation, financial due diligence, and integration planning.

o Develop valuation models and investment memos for acquisition opportunities in the renewable energy space.

• Modeling & Analysis:

o Build and manage detailed project finance models incorporating tax equity, debt structures, and cash flow waterfalls.

o Conduct sensitivity analyses, scenario planning, and valuation assessments to support investment decisions.

• Team Development:

o Train, mentor, and oversee junior investment professionals in financial modeling, underwriting standards, and best practices.

o Establish and document underwriting guidelines and model templates to ensure consistency and quality.

• Strategic Support:

o Support senior leadership in deal structuring, investor presentations, and capital raising efforts.

o Monitor market trends, regulatory changes, and financial innovations impacting renewable energy investments.

o This is a high exposure role within the organization and the professional will often participate in the Investment Committee presentations and interact with the Senior Management Team.

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Qualifications:

• Bachelor’s degree in Finance, Economics, Engineering, or related field; MBA or CFA preferred.

• Minimum 5 years of experience in financial modeling and underwriting for renewable energy investments in the U.S.

• Deep understanding of project finance, tax equity structures, and renewable energy market dynamics.

• Advanced proficiency in Excel; experience with VBA, Python, or financial modeling software is a plus.

• Strong communication and leadership skills, with a passion for mentoring and team development.

• Organized and process driven.

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