Senior Associate/Manager, Investments

Treaty Oak Clean Energy • Austin, TX

7d

About The Position

Treaty Oak is hiring an investments professional at the Senior Associate or Manager level, with the level determined by experience. This individual will be a key team member responsible for supporting Treaty Oak's investment decision-making process across its portfolio of utility-scale solar and battery energy storage projects, working across the full project lifecycle, from early-stage development diligence through Final Investment Decision (FID) and into construction and operations, alongside internal cross-functional teams and Macquarie to drive rigorous, well-supported investment recommendations. The role will build and maintain complex financial models, support due diligence work streams, analyze regulatory and market risks, support interconnection and offtake strategy, and prepare investment materials for internal and Sponsor-level approvals. At the Manager level, the role takes ownership of these workstreams and manages junior team members. The position joins the current team of 10 project finance and M&A professionals. A Senior Associate will report to a Manager, Investments; a Manager will report to the Chief Investment Officer.

Requirements

• 3+ years of experience in infrastructure private equity, investment banking (M&A, project finance, or tax equity), or project finance, ideally with exposure to utility-scale renewable energy or power transactions
• Advanced Microsoft Excel & PowerPoint skills, with strong knowledge of Microsoft Excel formulas, financial model creation and best practices; familiarity with typical project finance macros / VBA code a plus
• Knowledge of renewable energy (solar and storage) project economic drivers and related tax incentives
• Familiarity with current tax credit monetization structures (e.g., partnership flips, credit transfers, hybrid, and accommodation partner / preferred equity structures) and construction-to-term debt financing, with the ability to support the economic modeling of such structures
• Comfort working in a demanding, deal-oriented team with recurring deadlines
• Experience supporting the preparation of investment memoranda, board materials, and financing marketing materials (teasers, CIMs) for sophisticated institutional audiences
• Outstanding critical thinking skills, inquisitiveness, and resourcefulness / ability to work independently
• Ability to dynamically prioritize various tasks and meet assigned deadlines in a fast-paced and ever-changing environment
• Familiarity with interconnection processes, power market fundamentals, and the regulatory landscape affecting utility-scale renewables
• Experience supporting due diligence processes, external consultants, and data rooms for project-level or portfolio-level transactions
• 5+ years of relevant experience, including ownership of financial models on closed utility-scale renewable energy or power transactions
• Exceptional Microsoft Excel skills, including comfort understanding typical project finance macros / VBA code
• Ability to independently model tax credit monetization structures and construction-to-term debt financing
• Experience leading the preparation of investment memoranda, board materials, and financing marketing materials for sophisticated institutional audiences
• Experience managing due diligence processes, external consultants, and data rooms for project-level or portfolio-level transactions
• Experience managing or mentoring junior team members

Nice To Haves

• Familiarity with typical project finance macros / VBA code a plus
• Familiarity with current tax credit monetization structures (e.g., partnership flips, credit transfers, hybrid, and accommodation partner / preferred equity structures) and construction-to-term debt financing, with the ability to support the economic modeling of such structures
• Familiarity with interconnection processes, power market fundamentals, and the regulatory landscape affecting utility-scale renewables
• Comfort understanding typical project finance macros / VBA code

Responsibilities

• Support the preparation of investment memoranda, FID packages, and supporting materials for internal Investment Committee and Macquarie approval processes
• Build, maintain, and quality-control fully structured project financial models to analyze project, partnership, and sponsor-level economics for solar and BESS projects; synthesize key findings and sensitivities for review by senior management and the Sponsor
• Prepare marketing materials (e.g., teasers and CIMs) for internal and external stakeholders / financing processes
• Review and analyze third-party reports (e.g., IE, transmission, market, insurance, tax projections, and ITC cost segs) and project documentation (e.g., PPAs, EPC agreements, GIAs, equipment supply agreements, and O&M contracts) to accurately determine and integrate assumptions into financial models
• Support external platform-level capital raising processes, including coordinating with advisors, investors, and third-party diligence reports to aid in the timely execution of key financing workstreams
• Coordinate due diligence work streams across legal, tax, insurance, environmental, engineering, and market consultants, supporting the timely and accurate integration of third-party findings into investment recommendations
• Analyze regulatory compliance matters affecting project economics and eligibility, including FEOC/PFE rules, IRA tax credit requirements (ITC/PTC, domestic content, energy community), Safe Harbor strategies, and trade policy
• Monitor and assess interconnection queue dynamics, network upgrade cost exposure, and milestone risks across MISO, ERCOT, PJM, and other relevant ISOs/RTOs; collaborate with the Interconnection team to support go/no-go and capital allocation decisions
• Support the Development, Engineering, and Procurement departments on early-stage evaluation of potential project designs, equipment selection, financing structures, and key economic drivers (e.g., DC:AC ratios, degradation assumptions, tax abatements)
• Provide informal mentorship and guidance to Analysts on the investments team
• Communicate and build relationships effectively with both internal teams and external stakeholders
• Lead the preparation of investment memoranda, FID packages, and approval materials, and communicate key findings and sensitivities directly to senior management and the Sponsor
• Own the development and quality control of fully structured project financial models, including review of models built by junior team members
• Procure and scrutinize third-party reports and project documentation, and determine the assumptions used in investment recommendations
• Manage and coordinate external platform-level capital raising processes with advisors, investors, and third-party diligence providers
• Manage due diligence work streams across legal, tax, insurance, environmental, engineering, and market consultants
• Evaluate and advise on regulatory compliance matters, and inform go/no-go and capital allocation decisions with the Interconnection team
• Manage, mentor, and provide guidance to junior team members

Benefits

• The salary for this position is highly competitive and commensurate with experience
• We offer competitive benefits, including unlimited paid time off, paid holidays, cell-phone stipend, 401K and a fully paid health benefits plan for employees, including Medical, Dental, and Vision.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed