Clean Energy Finance (CEF) – VP/Director

Citi • New York, NY

4d • $200,000 - $300,000 • Onsite

About The Position

The Clean Energy Finance (CEF) team is seeking a candidate to join the origination team that provides tax equity financing and tax credit transfer transactions for Citi’s clients. CEF has extensive expertise in originating, structuring, and executing financings across various renewable energy & sustainable technologies, including Wind, Solar (Utility Scale PV, Distributed & Residential Rooftop), Battery Storage, Advanced Manufacturing, Energy Efficiency, and Other Emerging Technologies.

Requirements

• 4 to 10 years of relevant experience
• Bachelor’s degree in finance (or closely related area preferred), and/or an MBA
• Experience in evaluating financing transactions and structures
• Experience creating financial analyses
• Demonstrates problem solving and organizational skills
• Consistently demonstrates clear and concise written and verbal communication skills
• Experience leading and assisting with client development
• Experience collaborating with banking “coverage” / relationship officers
• Ability to work with teams and track business development (collect research, analyze industry trends)
• Series 7, 63, and 79
• Willingness to develop new products
• Experience negotiating and closing multiple tax equity financings
• Experience closing tax credit transfer transactions
• Experience interpreting tax opinions for tax equity transactions
• Extensive knowledge of HLBV accounting
• Ability to interact with clients (inc. sponsors & developers), Citi relationship bankers, external & internal counsels, independent engineers, and other transaction parties

Nice To Haves

• Proven track record in tax equity transactions
• Strong leadership skills
• Ability to cultivate and manage client relationships effectively
• Relevant knowledge and experience working with tax equity
• Understand federal tax incentives for renewables development (such as PTCs and ITCs)
• Familiar with tax equity HLBV accounting as well as the tax treatment of partnership and lease structures
• Experience selling the related tax credits to corporates

Responsibilities

• Lead and manage members of the tax equity origination team in the execution of long-term, strategic partnerships with renewable energy developers, providing strategic direction, guidance, and transaction execution to achieve origination goals and objectives.
• Develop and execute a comprehensive origination strategy to identify, evaluate, and secure tax equity financing opportunities with developers.
• Build and maintain relationships with institutional investors, developers, project sponsors, and other key stakeholders to source and negotiate tax equity financing opportunities.
• Originate the associated tax credit transfer transactions, identify investors, and drive execution.
• Prepare and present financing proposals, financial models, and presentations to senior management and investment committees for approval and funding.
• Provide leadership and mentorship to team members, fostering a collaborative and high-performance culture within the tax equity origination team.
• Work with the portfolio management team to explore opportunities to repower and optimize existing portfolio of tax equity projects.
• Collaborate with internal stakeholders such as legal, compliance, tax, risk management, and finance to structure tax equity transactions that align with client objectives and regulatory requirements.

Benefits

• medical
• dental & vision coverage
• 401(k)
• life, accident, and disability insurance
• wellness programs
• paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays

What This Job Offers

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