СШАSenior Manager, Structuring (Tax/Preferred Equity)
3 дн. назад
СШАSeniorRemote
Senior Manager role focusing on structuring related to tax and preferred equity in a clean energy capital platform.
Обязанности
- The Senior Manager, Tax/Preferred Equity will be a core member of Crux’s Structuring team, reporting to leadership within the Structuring team. The team delivers capital solutions across tax equity, preferred equity, debt, and advisory services to sponsors, developers, and investors. This role sits on the tax/preferred equity side of the team and is a hands-on execution role for an experienced structuring professional with a strong working knowledge of these structures, covering project-level and portfolio-level transactions in renewable energy and energy transition infrastructure. The Senior Manager will be responsible for leading screening and underwriting, building, maintaining, and stress-testing tax/preferred equity models, preparing investment analyses for internal and external stakeholders, and driving transaction execution from intake to closing, while helping to guide and develop Associates on the team.
- This position is ideal for candidates with at least 4 years of relevant experience in structured finance, renewable energy, infrastructure investing, or a closely related field, particularly those with meaningful exposure to structuring partnership flip, hybrid, and preferred equity transactions , including building the underlying models. Candidates should be comfortable leading transaction workstreams, working across teams, adopting new tools and AI-enabled workflows, and engaging directly with clients.
- Build, maintain, and audit complex financial models for tax/hybrid and preferred equity transactions, with a focus on partnership flip, T-flip, and hybrid structures (experience with other parts of the capital stack a plus).
- Lead the screening and underwriting of new opportunities, including initial reviews and pre-pricing screens, and develop pricing and structuring recommendations.
- Lead the preparation of investment materials for Investment Committee, including transaction economics, sensitivities, and risk analyses.
- Collaborate with senior members of the Structuring team on transaction structuring, execution, and negotiations, driving transactions from intake to closing.
- Analyze sponsor financials, project contracts, and diligence materials to identify risks and value drivers.
- Coordinate diligence across commercial, technical, legal, tax, and insurance workstreams (independent engineer, tax opinions, appraisals, tax insurance), and review transaction documents including term sheets, LLC agreements, equity capital contribution agreements, and closing checklists.
- Leverage technology and AI-enabled tools to increase accuracy and efficiency in modeling, diligence, and reporting.
- Contribute to process improvements and template standardization (models, IC memos, term sheets) across the Structuring team.
- Engage directly with developers, investors, and advisors on active transactions, taking increasing ownership of counterparty relationships.
- Review the work of and help develop Associates on the Structuring team.
- Support platform initiatives to scale tax/preferred equity workflows and develop new tech-enabled products and solutions for financing processes.
- Support portfolio management and reporting as needed, including monitoring project performance against underwriting.
Требования
- Bachelor’s degree in Finance, Economics, Engineering, or a related field; MBA or MS a plus.
- Minimum 4+ years of experience in renewable energy, structured finance, infrastructure investing, investment banking, or a closely related field, with direct tax equity and/or preferred equity structuring and modeling experience required.
- Advanced Excel skills, including the ability to build complex partnership models from scratch; VBA or Python skills a plus.
- Strong understanding of tax equity and preferred equity structures (partnership flip, hybrid, preferred equity; sale-leaseback optional), including allocations, capital accounts, and flip mechanics.
- Experience leading transaction workstreams, preparing transaction materials, and coordinating due diligence (independent engineer, tax opinions, appraisals, tax insurance).
- Familiarity with IRS requirements, safe harbor tests, and recapture provisions preferred.
- Experience in a transaction-focused environment with direct client interaction responsibility.
- Excellent analytical, organizational, and communication skills, with proven ability to manage multiple workstreams in a fast-paced environment.
- Comfortable adopting new technology platforms and integrating AI tools into daily workflows.
- FINRA SIE, Series 79, and 63, or willingness to obtain them under Crux’s broker-dealer sponsorship.
Другое
- Crux is the capital platform for the clean economy. We modernize capital raising and deployment for clean energy and critical infrastructure with solutions across advisory, investments, technology, and intelligence.
- Our team of 120+ is composed of experts in energy, tax, finance, government, and technology. We have raised $77 million in capital from some of the best investors, including Andreessen Horowitz, Lowercarbon Capital, New System Ventures, Overture, Ardent Venture Partners, QED, Canapi, and others. These funds are joined by strategic investors including Pattern Energy, Clearway Energy, EDF Renewables, Intersect Power, LS Power, Orsted, Hartree Partners, Liberty Mutual Strategic Ventures, MassMutual Ventures, and OMERS Ventures.
- Energy demand is growing for the first time in decades, driving an urgent need for more affordable and reliable electricity. More electricity requires new clean energy infrastructure and strong domestic supply chains for minerals and components — as well as large amounts of capital.
- Traditional project financing is opaque, fragmented, and analog. At Crux, we’re changing that. Through unmatched insights and expertise, white-glove service, purpose-built tools, and risk underwriting, we power a more prosperous, clean, and secure energy future.
- We are scaling quickly and looking for team members who are eager to combine deep expertise with an AI-and tech-forward mindset.
- Backing, traction & brand : We have raised $77 million in capital from some of the best venture and strategic investors, including Andreessen Horowitz, Lowercarbon Capital, New System Ventures, Ardent Venture Partners, Pattern, Clearway, EDFR, Intersect, LS Power, Orsted, Hartree Partners, Liberty Mutual Strategic Ventures, MassMutual Ventures, and OMERS Ventures.
- $500m debt warehouse facility from Nuveen to invest in clean energy.
- Have been profitable and are growing exponentially
- We have closed over 120+ transactions in just the last 2 years, facilitating billions of dollars of capital flowing into renewables projects
- Culture & working dynamic Remote-first operating model : Work from anywhere in the US and Canada, or work out of our optional offices in DC, NYC, & SF. Optional co-working opportunities with co-workers in, Seattle, Denver, Boston, LA, and beyond.
- High growth & high ownership culture : We grow quickly by giving extremely talented people a lot of responsibility.
- Best of financial services & technology : We have brought together a team that are experts in clean energy finance, and the best technologies. Use your expertise while getting to be on the cutting edge of applying AI to your day and your clients’ experience.
- Regular team offsites : We sustain culture by bringing the entire company together 2 times a year. Individual teams may also meet up more frequently.
- Benefits Healthcare : We cover 100% of premiums for employees with a variety of plans on Aetna (nationwide) and Kaiser (WA and California) and subsidize 70% for dependents (total as a group), if relevant.
- Dental & vision : We cover 100% of premiums for employees and 50% for dependents (each), if relevant.
- Holidays : 10 company holidays per year.
- Paid time off : 20 days per year.
- 401k : We support a 401k account but don't have a matching program set up at this time (typical for an early-stage startup).
- Parental leave : 16 weeks for birthing parents and 12 weeks for non-birthing parents.
- Compensation : Compensation : $200,000s - $300,000s, depending on years of exp. & revenue scope, not inclusive of equity value.
- Stock options in a rapidly growing company.
- Values Care for each other : We want to work on a team where people support each other - in their growth, in their work, and towards our shared mission. When we do that, we have fun.
- Build and improve rapidly : We move quickly. To do that, we focus, consistently ask ourselves if we are prioritizing the right things, and execute them as best as possible.
- Focus unremittingly on customers : Our first obligation is to our customers and partners, and we keep their needs front and center in everything we do.
- Demonstrate ownership : We are all owners of Crux. This is our team, our company, our product and we show that to each other.
- Convene a team that reflects the breadth of experiences in the country : We’re building a team with a wide range of backgrounds and a culture where everyone can thrive.