What are the responsibilities and job description for the Vice President, Capital Markets position at NineDot Energy?
Vice President, Capital Markets
FLSA Classification : Exempt
Salary Range : $290,000 - $310,000 plus bonus and incentive stock options
Reports to : Chief Financial Officer
Location : Brooklyn, NY (Hybrid)
About The Company :
NineDot's name derives from the classic mathematical puzzle for sparking out-of-the-box solutions. As a leading community-scale, clean energy developer with a growing portfolio of projects across a range of technologies, NineDot Energy is creating innovative energy solutions that support a more resilient electric grid, deliver economic savings, address environmental justice, and reduce carbon emissions. We plan to develop, build and operate more than 400 MW of clean energy systems by 2026 that will strengthen the local power grid infrastructure and provide clean, reliable and resilient power to tens of thousands of New York households and businesses. This is all in support of New York State's mission to achieve 100% clean energy by 2040.
With the backing of Manulife Investment Management and The Carlyle Group - two of the world's leading infrastructure investors - NineDot is continuing to expand its core battery energy storage pipeline, deliver enhanced products and services, explore new regions and consider potential acquisitions all to advance the decarbonization of New York's grid. This is an exciting opportunity to build a platform from the ground-up with a world-class team of developers and innovators. NineDot is committed to building a company that exemplifies diversity, equity and inclusion values in its team culture, as well as business practices and community engagement.
Job Summary
Reporting to the Chief Financial Officer, the Vice President, Capital Markets will play a critical role in driving the company's financial strategy, capital raising efforts, and investor relations. This executive will be responsible for the strategic leadership of the financial strategy, project finance, tax equity, project investment, and structured finance for our battery energy storage development.
To be successful in this role, extensive direct experience in relevant tax equity and debt financings is required, with a deep network of existing relationships within the investment community to be able to execute financings at the best possible terms.
Roles and Responsibilities
- Works with senior executives to establish financial and strategic goals for the organization, including financing and investment strategies.
- Negotiate and structure financing deals to ensure favorable terms and conditions for the company.
- Spearhead company's efforts in project financing of battery projects, including overseeing debt, tax equity, and equity financing.
- Develop new relationships and maintain existing relationships with third-party capital providers.
- Represent the company in exploring new financing opportunities, including creative pre-construction and corporate financing structures.
- Develop performance measures that support the company's strategic direction.
- Understand and mitigate key elements of financial risk.
- Construct and monitor reliable structured finance control systems.
- Ensure structured finance activities comply with all legal and regulatory requirements.
- Build and maintain relationships with existing and potential investors including the preparation and delivery of presentations, reports, and communications to the investment community.
- Monitor capital markets, economic trends, and regulatory changes to identify opportunities and risks, providing strategic insights and recommendations based on market analysis.
- Lead, mentor, and develop the Capital Markets team fostering a culture of high performance, collaboration, and continuous improvement.
- Ensure compliance with financial regulations and manage financial risks associated with capital markets activities; including, implementing best practices for financial governance and risk management.
- Collaborate with internal stakeholders, including the CFO, CEO, SVP Project Development & Construction, and Board of Directors, to align capital markets strategies with the company's overall business objectives.
Competencies for Success
Required Education and Experience
Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions
Affirmative Action / EEO statement
We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual's associates or relatives that is protected under applicable federal, state, or local law.
Salary : $290,000 - $310,000