Manager, Portfolio Finance
San Francisco, CA 
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Posted 22 days ago
Job Description
What The Role Is

Reporting to the Senior Director of Portfolio Finance, the Manager of Portfolio Finance is responsible for managing commercial matters with financing parties for multiple construction and operating projects within Clearway's renewables portfolio, including leading the execution of cash and tax equity fundings and term conversions of debt. This person is also responsible for seeking and identifying project and portfolio level value-add transactions such as refinancings, tax equity buyouts, repowers, letter of credit facilities and other ad-hoc restructurings, and leading the complex financial modeling associated with each. The Manager of Portfolio Finance will be relied upon to maintain excellent investor relations with its financial partners and collaborate closely with other Clearway functional departments on identifying and addressing matters that impact the portfolio or matters which present opportunities for asset optimization.

This position will be located in Carlsbad, CA.

What You'll Be Doing
  • Execute on, identify and structure financing execution and asset optimization opportunities across the entire Clearway enterprise. Efforts will be primarily focused on renewables projects, with possibility of non-renewables related transactions. Types of transactions include, but are not limited to, cash/tax equity fundings, term conversions, refinancings, tax equity buyouts, repowers, LC facilities and other ad-hoc restructurings.

  • Ability to quickly implement scenario analysis and add dynamic logic to financial models. Understanding of how certain assumptions and analyses impact economics such as cash flows, IRRs, flip dates, DROs and capital accounts will be critical.

  • Manage tax equity and cash equity relationships and use commercial expertise to craft solutions that solve certain challenges at hand.

  • Lead and oversee financial optimization and cash flow analysis in complex project finance models to provide recommendations to executives and committee voting members on portfolio and project matters.

  • Collaborate with the Capital Markets team to establish and cultivate relationships with existing capital providers to broker resolutions and drive material amendment and consent processes.

  • Establish and sustain productive, efficient relationships across Clearway's major departments and functions including Development, Construction, Asset and Energy Management, Tax, Origination and Legal to address and resolve challenges across the lifecycle of Clearway's projects.

  • Oversee tracking model updates.

  • Provide oversight, guidance, training, and mentorship to the analysts on the Portfolio Finance team.

What You'll Bring
  • Bachelor's in Finance, Business, Economics, Engineering, or related field.

  • 4+ years of professional experience in project finance, portfolio finance or M&A in the energy sector.

  • A strong understanding of and ability to interpret financing agreements, ECCAs, MIPAs, LLCAs and other project contracts.

  • Advanced Microsoft Excel knowledge is required. Experience building, auditing and updating complex project finance models, with ability to quickly generate summary economics relating to each stakeholder, is required.

  • Commercial Mindset - Able to structure, negotiate transactions and help identify and resolve issues that are complicated and will have unique challenges.

  • Teamwork - Able to 'connect the dots' and 'see the big picture' which involves working closely with the various departments and colleagues at Clearway.

  • Communication - Crisp and articulate written and oral communications skills. Will be called upon to present to members of the Capital Committee, and frequently with external financing parties to present positions persuasively and to drive to conclusions.

  • Responsiveness - The successful candidate will have the ability to manage several high impact activities at the same time, while maintaining the ability to coordinate and work as a team as well as to contribute individually.

  • Values / Mindset - A positive attitude, highly motivated, and tenacious. Treats adversity and setbacks as a challenge to overcome rather than as a demotivating dynamic. Mindset of seeking opportunities where existing projects could be value optimized.

  • Financial Acumen and Track Record - Requires an understanding of how financing contract terms and conditions influence economics and Clearway's business model. Demonstrated record of successful financial closings and fundings. Experience managing deal teams, external consultants and lawyers to meet a deadline. Strong attention to detail to ensure transaction quality and pace.

What Would Be Nice
  • Tax Equity experience highly preferred.

Clearway will not sponsor nonimmigrant visas for this position (H-1B, TN, E-3, etc.)

The pay rate for the successful candidate will depend on geographic location, skills, relevant and demonstrated experience, education, training and certifications, and other factors permitted by law. This role is eligible to earn an annual cash bonus, subject to personal and company performance goals.

Salary Range Across all U.S. Locations
$118,000$154,000 USD

Clearway Energy Group is leading the transition to a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., we own and manage more than 9.6 gigawatts of renewable and conventional energy assets across the country. As we develop a nationwide pipeline of new renewable energy projects for the future, Clearway's 7 gigawatts of operating wind, solar, and energy storage assets offset the equivalent of more than 9 million metric tons of carbon emissions for our customers today. Clearway Energy Group is headquartered in San Francisco with offices in Carlsbad, Calif.; Scottsdale, Ariz.; Houston; and Princeton, N.J. For more information, visit clearwayenergygroup.com.

Our Commitment to Diversity, Equity, & Inclusion
At Clearway, we create a community that isn't about being the same - it's about building a team of unique individuals, with different backgrounds & skill sets, coming together to build something big & make a difference in the world. Clearway's team is dedicated to a clean energy future across a wide spectrum of roles & responsibilities. Embodying our company values and operating principles, unique individuals come together over a common mission. We embrace opportunities to do challenging work that can change the world. We aspire to bring out the best in everyone. We share setbacks, celebrate successes, & act with integrity & accountability to get the job done.

Working at Clearway, Hybrid Together
Here at Clearway, we're committed to balancing flexibility while fostering strong relationships with our teammates. We do this by prioritizing new hires based near one of our offices in San Francisco, Carlsbad, Scottsdale, Houston, & Princeton. Our office-based employees typically work together from fabulous spaces on Tuesdays & Thursdays to collaborate & learn, build community, get to know one another, & enjoy company-provided meals & events.

Clearway Energy is an equal opportunity employer that values a broad diversity of talent, knowledge, experience & expertise. We intentionally foster a culture of inclusion that empowers our employees to deliver superior performance to the communities we serve. We encourage minorities, women, individuals with disabilities & protected veterans to join the team. Clearway is a proud promoter of employment opportunities to our Military & Veterans.

What We Provide
Clearway offers all eligible employees working 20+ hours per week a comprehensive menu of benefits: generous PTO, medical, dental & vision care, HSAs with company contributions, health FSAs, dependent daycare FSAs, commuter benefits, relocation, & a 401(k) plan with employer match, a variety of life & accident insurances, fertility programs, adoption assistance, generous parental leave, tuition reimbursement, & benefits for employees in same-sex marriages, civil unions & domestic partnerships. For more on Clearway benefits, visit our .

 

Job Summary
Company
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
4+ years
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