What are the responsibilities and job description for the Project Finance Associate position at Summit Ridge Energy?
Summary:
Summit Ridge Energy is seeking an Associate who brings relevant experience or is interested in breaking into the renewable energy field. The Associate’s role is to develop and run financial models and supporting analyses that enable the marketing, structuring, negotiation, and closing of sponsor equity, tax equity, and debt investments in the company’s portfolio of community and distributed solar projects, solar energy storage projects, and standalone storage projects.
With experience and demonstrated performance, an Associate can expect opportunities to run portions of transactions with external investors and eventually to lead entire workstreams or deal closings.
About Us:
As the nation’s leading commercial solar company, Summit Ridge Energy merges financial innovation and industry-leading execution to deliver locally generated energy via a more resilient and secure electric grid. This has made Summit Ridge one of the fastest-growing energy companies in America, with over 2GW of solar power operating and in development.
Since launching in 2017, Summit Ridge has raised over $5B in project capital to finance over 200 solar farms, providing energy savings to more than 40,000 homes and businesses while contributing to American energy independence.
Role and Responsibilities:
- Create and maintain sophisticated financial models (e.g., joint venture, partnership flip, lease pass-through).
- Manage transaction execution and financial closing process for multiple projects at various stages of development.
- Support negotiations with investors for the company’s portfolio of solar and energy storage projects, including development and construction debt, joint venture equity, and tax equity.
- Support project development and acquisition by partnering with other company business units (origination, development, operations, construction, legal) to estimate and track appropriate assumptions, and internalize financing conditions and requirements into company processes.
- Attend client meetings and conferences as needed.
- Assist senior Project Finance team members who are negotiating and closing project financing deals, including tax equity sales.
Required Skills/Competencies:
- 3-5 years of working experience.
- Bachelor's in finance, economics, energy, sustainability, engineering, or equivalent degree.
- Strong project management skills, excellent organizational skills, and attention to detail.
- Ability to manage multiple projects at a time and meet short deadlines.
- Ability to clearly communicate development & finance sensitivities to the sales team, senior management, and other relevant parties.
- Strong adaptability and willingness to change processes or direction based on evolving circumstances or management direction.
- Strong work ethic, ambition, and drive.
- Enthusiasm for renewables and the solar industry, and a desire to build a career in this industry long-term.
- Authorized to work in the US.
Equal Opportunity Employer Statement: Summit Ridge Energy, LLC is an Equal Opportunity Employer that values and respects the importance of a diverse and inclusive workforce. It is the policy of the company to recruit, hire, train, and promote persons in all job titles without regard to race, color, religion, sex, age, national origin, veteran status, disability, genetic information, pregnancy, sexual orientation, or gender identity. We recognize that diversity and inclusion is a driving force in the success of our company.
Occupational Health and Safety: Summit Ridge provides a workplace free from recognized hazards and complies with standards, rules, and regulations issued under the OSH Act.
Work Environment: This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, printers, scanners, document projectors, filing cabinets, fax machines and teleconferencing software.
Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to talk and hear. The employee is frequently required to stand; walk; use hands to finger, handle or feel; and reach with hands and arms.
