Associate, Project Finance

Treaty Oak Clean Energy • Austin, TX

7d • Hybrid

About The Position

Treaty Oak Clean Energy (Treaty Oak) is a utility-scale clean energy platform headquartered in Austin, Texas, focused on developing, commercializing, constructing, and operating utility-scale solar plus battery storage projects in targeted U.S. energy markets. Our mission is to create a sustainable future by providing clean, low-cost energy solutions to the grid, benefiting energy consumers, communities, and generations to come.
Treaty Oak features an experienced management team with a track record of developing and commercializing 10 GW+ of utility-scale power projects and a collective 100+ years’ experience across critical competencies, including power markets, offtake structuring, design, engineering and real estate, with such expertise being put towards our 15+ GW portfolio of utility scale renewable energy projects across the U.S., including 485 MW of in-construction and operational projects.
Treaty Oak is a wholly-owned portfolio company of Macquarie Asset Management (Macquarie), one of the world’s largest infrastructure managers with $600 billion under management, pairing Treaty Oak’s renewables development expertise with Macquarie’s capital backing and global leadership in advancing the energy transition.
Role Summary
Treaty Oak is seeking an Associate, Project Finance, who will be a key team member supporting all aspects of the project finance function. Responsibilities will span work streams relating to the sourcing, structuring, analyzing, negotiating, and execution of both construction-to-term debt financing and tax credit monetization for Treaty Oak’s late-stage and in-construction projects.
The role will involve managing complex financial models and their inputs, determining optimal debt and tax credit financing structures, coordinating due diligence work streams with consultants and financiers, and collaborating with all internal and external stakeholders (e.g. counsel, lenders, investors, and advisors) to support organized financing processes that efficiently achieve closing and funding.
The position will report to a Director, Project Finance, as part of a 4-person project finance team comprising 2 Directors, a Senior Associate, and this Associate position. The project finance team forms part of Treaty Oak’s overall 10-person Investments team, which also comprises professionals focused on project M&A and communications with Macquarie relating to internal investment decisions.
For this high growth opportunity, Treaty Oak is seeking a motivated individual with familiarity of renewable energy project fundamentals, demonstrable best-practice financial modeling of such projects, and experience with relevant debt and/or tax credit financing structures and their associated work streams.
This role is based at Treaty Oak’s headquarters in Austin, TX. Candidates must either be local or willing to relocate within three months of their start date. During the relocation period, bi-weekly travel to Austin will be required. The position follows a hybrid schedule, with in-office work Monday through Thursday and remote work on Fridays.

Requirements

• 3+ years of renewable energy project finance experience at a leading developer, investment bank, or infrastructure investor with exposure to utility-scale projects
• BS / MS in Finance, Economics, or another similarly quantitative course of study
• Advanced financial modeling skills with experience building and managing project finance models incorporating tax equity structures, debt sizing, and sensitivity analysis, including the use of macros
• Advanced PowerPoint presentation skills with experience preparing and presenting materials to internal and external stakeholders
• Knowledge of renewable energy (solar and/or storage) project economic metrics and value drivers
• Familiarity with procuring and reviewing financing consultant due diligence reports
• Understanding of construction-to-term debt and tax credit bridge loan financing, as well as current tax credit monetization structures and related workstreams
• Outstanding critical thinking skills, inquisitiveness, work product, and proactivity / resourcefulness
• Comfort working in a demanding, deal-oriented team with recurring deadlines
• Ability to prioritize multiple workstreams and operate effectively in a fast transaction-driven environment

Responsibilities

• Develop and upkeep fully structured project-level financial models for multiple projects, to analyse financing / investment sizing and sponsor level performance, as well as synthesize and communicate summaries to senior team members and management
• Run company-wide financial model input intake processes, effectively collaborating with all relevant teams / SMEs to efficiently collect, scrutinize, and refine all financial model inputs at various stages of project development and financings
• Engage, prepare files for, and procure and review deliverables from, financing due diligence consultants (e.g., independent engineering, transmission, market, insurance, probable maximum loss, property and sales tax projections, and cost segregations and appraisals)
• Develop comprehensive real-time knowledge of material project documents on live transactions (e.g. PPAs, EPC agreements, GIAs, equipment supply agreements, and O&M contracts), to be able to ensure accurate and substantiated conversion of relevant data into financial model inputs and to conduct thorough / high-quality Q&A with all stakeholders
• Support ad hoc work streams relating to financier marketing, selection, negotiation, due diligence, documentation, and closing processes for debt financing and tax credit monetization transactions, as well as coordinating with all internal SMEs, external consultants, lawyers, and financing partners
• Prepare marketing materials (e.g. teasers and CIMs) for third party financiers / investors
• Communicate and build relationships effectively with both internal teams and external stakeholders

Benefits

• Compensation for this position is highly competitive and commensurate with experience, including eligibility for an annual discretionary bonus and project-based incentive plan
• We offer competitive benefits, including unlimited paid time off, paid holidays, cell-phone stipend, life insurance, 401(k), and a fully paid health benefits plan that includes medical, dental, and vision

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level