Job Description
Job Summary:
As part of a team that finances renewable energy projects, the VP, Renewable Finance sources tax credit investment opportunities and manages initial underwriting, modeling, and due diligence, preparing investor presentations, and preparing detailed investment memos
NOTE - This is a HYBRID position, based out of St. Louis, MO and the expectation is for the associate to be working in the office a minimum of three days a week. Fully remote work schedule is not available for this position.
Essential Duties And Responsibilities
- Source tax credit investment opportunities directly with sponsors and indirectly through brokers, investment banks and consultants
- Manage initial underwriting, modelling and due diligence of tax credit investments
- Prepare investor presentations and benefit schedules
- Prepare detailed investment memos
- Lead negotiations with sponsor and sponsor legal counsel on commercial and tax deal points during the term sheet, financial closing and funding phases
- Track and coordinate third party deliverables and diligence items during the course of the transaction
- Maintain accurate records during the negotiation and diligence phases to ensure deal teams are meeting their obligations and third parties are delivering timely
- Coordinate with asset management team during the closing/funding process in anticipation of an efficient transition to post-closing, lifecycle asset management process
- Assist asset management team with third parties on delivery of periodic reports, financials, and tax returns to ensure capital provider obligations are satisfied
- Support initiatives to help the business in achieving its strategic objectives
Knowledge, Skills, And Abilities
- Advanced Microsoft Excel skills including understanding of complex project finance models and ability to create well-organized presentations of information to formulate conclusions
- Understanding of renewable energy project finance transactions with an emphasis on tax credit structures (p-flip, inverted lease and transfers)
- Understanding of financial, tax, accounting, and investment concepts
- Strong communication skills, excellent interpersonal skills, both oral and written, and ability to create as well as deliver effective presentations
- Demonstrated experience negotiating tax credit transactions
- Manages self and others to provide exceptional client service by responding with a sense of urgency, practicality, accountability, and integrity
- Ability to evaluate complex situations and independently make decisions on significant matters
- Self-motivated intellectual curiosity
- Ability to work independently, deal confidently and build strong relationships
- Willingness to receive and accept feedback and improve
- Flexible attitude and the ability to multitask
- Strong time management / prioritization skills
- Excellent written and verbal communication skills
Education/Previous Experience
- Bachelor’s degree in Finance, Mathematics, Engineering, Economics or related area
- 5-10 years of relevant experience in renewable energy tax credit investing including financial modelling, involved in negotiation of critical legal documents and reviewing third-reports
- Experience leading renewable energy transactions with sponsor, legal counsel, investor and critical third-parties
Licenses/Classifications
- CFA, CPA certification is optional
Education
Bachelor’s: Accounting, Bachelor’s: Business Administration, Bachelor’s: Finance
Work Experience
General Experience - More than 15 years
Certifications
Travel
Less than 25%
Workstyle
Remote
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We Expect Our Associates At All Levels To
- Grow professionally and inspire others to do the same
- Work with and through others to achieve desired outcomes
- Make prompt, pragmatic choices and act with the client in mind
- Take ownership and hold themselves and others accountable for delivering results that matter
- Contribute to the continuous evolution of the firm
At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.
