Associate - Project Finance

Role: Associate, Project Finance

 

Location: Miami, FL

Apply: www.spearmintenergy.com / joinus@spearmintenergy.com

Who We Are

Spearmint Energy (“Spearmint” or the “Company”) is a leading energy company focused on developing, owning, operating, and optimizing battery energy storage systems (“BESS”) to reduce grid volatility and increase system resiliency. Spearmint currently operates a 150MW/300 MWh BESS project in West Texas, and has 22 projects, totaling over 15GWh of capacity, under development in 11 states across 5 U.S. regions. Headquartered in Miami, with an additional office in Minneapolis, the Company employs over 80 professionals and is guided by strong values rooted in people, partnerships, and the planet.
For more information, please visit: https://www.spearmintenergy.com/

 

What You Will Do

The successful candidate will play an integral role within the Project Finance team as it seeks to execute Spearmint Energy’s capital strategy. Spearmint is open to applications from candidates who meet the criteria to apply at the Associate level. This role is highly collaborative throughout Spearmint to assist in key financing activities both at the project level (including debt/equity fundings and tax equity raises) and at the corporate level. The successful candidate will be responsible for financial modeling, preparing presentations for internal and external stakeholders, project level due diligence, consultant reports and documentation/approvals that are crucial for transactions. They will also be responsible for coordinating and managing external reporting deliverables for existing facilities. The job is located in Miami, FL.

Working within the Project Finance team, the successful candidate will contribute to various financial activities of the company. The ideal candidate should possess 3+ years working in a transactional role in energy infrastructure and project finance (including tax equity experience). In addition, the successful candidate will have strong financial modeling skills and an ability to summarize and communicate complex ideas succinctly. They will contribute to around $1bn of capital raising in the near term across project finance, tax equity & corporate finance for BESS (battery energy storage projects). This is an opportunity to join a leading energy storage developer in a role that supports the continued growth of renewable energy deployment across the US with extensive exposure to key decision makers.

 

Core Responsibilities:

• Hands on approach in all aspects of a transaction, including due diligence, assessment of transaction viability, negotiation, structuring and execution in coordination with internal and external partners (developers, lawyers, technical advisors, debt providers, EPC contractors, etc.)

• Support team leads within the Project Finance team in the financing and structuring of all deals, including sourcing of debt, tax equity and equity.

• Build / modify financial models and conduct economic analysis for portfolios of under construction projects, greenfield development projects and project M&A opportunities.

• Prepare presentations for internal and external purposes, including investors, lenders and the company’s Investment Committee.

• Coordinate due diligence logs, consultant reports and third-party documentation requests to support investor processes associated with debt, tax equity and equity raises.

• Conduct due diligence on potential projects for greenfield development and acquisition opportunities, as needed. The job will be more heavily weighted on project finance activity than M&A, but the resource will be selectively deployed to assess acquisition opportunities.

• Follow the microeconomic trends of the clean tech sector (regulatory framework, tariffs, US renewables targets, etc.)

• Collaborate across internal teams including Development & Construction, Engineering, and Asset Management to manage ongoing financing requirements.

• Review amendments for material project documents and coordinate with financing parties for approval and consent.

• Help maintain relationships with financial investors and portfolio teams during construction and operations, including tracking and managing compliance with facility covenants and preparation of external deliverables, such as tracking models, performance and financial reports.

 

Who You Are

• 3+ years’ experience in renewable energy project finance (tax equity experience is a plus)

• Experience building, maintaining and auditing project finance models, with the ability to produce and analyze summary economic data.

• Demonstrated interest in a career in renewable energy, project development, and/or finance.

• Desire to work in a transaction-based environment where requirements and tight deadlines are often dictated by deal flow.

• Proven track record of working well within a team environment, taking ownership of processes and procedures.

• Excellent interpersonal skills, highly motivated and results oriented, process oriented with strong organizational and communication skills.

• Attention to detail and the ability to set and meet realistic deadlines in a fast-paced environment.

• Excellent discretion in handling confidential information and in communicating with third parties.

• Understanding of loan structures, tax-equity structures and partnership tax principles are a major plus

• Exposure to valuation concepts, DCF, NPV, IRR, cost of capital, to assist the firm in making investment decisions

• Highly resourceful and comfortable working in an unstructured, entrepreneurial environment.

• Proficient on MS Excel, Word, Access, PowerPoint, etc.

 

 

 

Must be authorized to work in the United States