Director of Finance

TransGrid Energy • Irvine, CA

8h

About The Position

TransGrid Energy is a newly established renewable energy company focused on investing, developing, owning, and operating utility-scale renewable energy projects. As an affiliate of Hanwha Group, a FORTUNE Global 500 company, TransGrid Energy aims to advance the clean energy future by providing sustainable and reliable power solutions across the United States. The Director of Finance reports to the Treasurer and is responsible for overseeing the newly established Finance/Treasury department. This role involves the strategic management of a debt portfolio, including non-recourse Project Financing loans, and cash management for over 100 bank accounts. Key responsibilities include overseeing Project Financing closings, Term conversions, and establishing sophisticated monitoring processes for Tax Equity Partnerships and dividend distributions.

Requirements

• Bachelor’s degree in accounting, finance, or related field.
• 15+ years of progressive experience in project finance, treasury, or corporate finance, with a focus on utility-scale energy projects.
• Extensive experience in managing PF debt and complex waterfall structures.
• Proven ability to manage high-volume financial transactions and multi-account structures.
• Advanced proficiency with Excel and financial modeling for debt service and dividend distributions.
• Executive presence with the ability to influence cross-functionally and build relationships with the executive team.

Nice To Haves

• CPA or CFA preferred.
• Experience in renewable energy is preferred.
• Demonstrated experience in establishing new financial processes and reporting structures

Responsibilities

• Lead and execute high-complexity PF Closings and Term Loan conversions
• Oversee the service in non-recourse PF debt (i.e Tax Equity Bridget Loan and Construction Loan), ensuring all principal and interest payments are executed accurately.
• Lead the preparation and review comprehensive PF covenant reporting to ensure strict adherence to lender requirements.
• Approve daily cash operations and oversee the management of +100 cash accounts, including dozens of restricted reserve accounts required by non-recourse PF agreements.
• Review and manage the issuance and renewal of Letters of Credit (LCs) and manage all KYC (Know Your Customer) requirements with financial institutions.
• Establish and manage the process for calculating quarterly distributable cash and monitoring partnership shortfalls to initiate margin calls according to the agreements.
• Manage interest rate swaps and hedging strategies to protect project cash flows from market volatility.
• Develop and implement financial policies and internal controls specific to treasury and project finance operations.

What This Job Offers

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