Principal, Tax Credit Advisory
Job Description:
• Lead the early review of potential renewable tax credit transactions, assess completeness of the underwriting package.
• Collaborate with project developers to gather necessary information and documentation.
• Oversee the production of and evaluate diligence memorandums for clean energy tax credits to ensure compliance with regulations, including eligibility criteria, prevailing wage & apprenticeship requirements, etc.
• Responsible for maintaining an extensive level of knowledge of transaction structuring, clean energy tax credit industry rules and regulations to inform underwriting decisions.
• Formulate standard, comprehensive underwriting policies by credit type.
• Develop and lead initiatives to improve the underwriting process, including leveraging technology and tools, in collaboration with internal teams such as product engineering, legal, marketing
• Analyze financial, technical and legal documents and project feasibility to determine credit eligibility.
• Review tax credit insurance policies to ensure adequate risk mitigation.
• Conduct risk assessments to identify potential issues with credit claims.
• Prepare detailed reports and recommendations for approval or denial of credits.
• Contribute to the development of long-term client relationships with tax and finance leaders at the largest F250 tax credit buyers
• Build net new relationships for Crux through conferences, networking, outreach, our extensive partnerships, and inbound
• Be a trusted expert in the market by speaking on webinars, on panels at conferences, and more
Requirements:
• 8-12+ years of experience in financial services, renewable energy, or comparable experience
• Renewable energy project finance, banking or Big 4 background preferred
• Strong understanding of the Inflation Reduction Act, related IRS tax codes, renewable energy industry, underwriting, and risk management
• Detail oriented with strong organizational, time management and prioritization skills
• Detailed knowledge of critical aspects of renewable energy project underwriting, including equipment and performance review as well as a baseline understanding of U.S. energy markets including regulatory structures, physical and synthetic forms of power agreements and derivatives, as well as renewables-focused regional incentives.
• Well-developed analytical skills which includes the ability to simplify and distill complex problems and issues.
• Project management experience, desire to build out a new initiative, lead a team at a growing company
• Team-oriented, ability to collaborate across multiple internal and external groups, spanning both commercial teams and technology teams
• Willing to travel, 25%
• FINRA SIE, Series 79 and 63 required or willingness to obtain under Crux’s broker-dealer sponsorship.
Benefits:
• We cover 100% of premiums for employees with a variety of plans on Aetna (nationwide) and Kaiser (WA and California) and subsidize 70% for dependents (total as a group), if relevant.
• We cover 100% of premiums for employees and 50% for dependents (each), if relevant.
• 10 company holidays per year.
• 20 days paid time off per year.
• We support a 401k account but don't have a matching program set up at this time (typical for an early-stage startup).
• 16 weeks parental leave for birthing parents and 12 weeks for non-birthing parents.
• Stock options in a rapidly growing company.
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• Lead the early review of potential renewable tax credit transactions, assess completeness of the underwriting package.
• Collaborate with project developers to gather necessary information and documentation.
• Oversee the production of and evaluate diligence memorandums for clean energy tax credits to ensure compliance with regulations, including eligibility criteria, prevailing wage & apprenticeship requirements, etc.
• Responsible for maintaining an extensive level of knowledge of transaction structuring, clean energy tax credit industry rules and regulations to inform underwriting decisions.
• Formulate standard, comprehensive underwriting policies by credit type.
• Develop and lead initiatives to improve the underwriting process, including leveraging technology and tools, in collaboration with internal teams such as product engineering, legal, marketing
• Analyze financial, technical and legal documents and project feasibility to determine credit eligibility.
• Review tax credit insurance policies to ensure adequate risk mitigation.
• Conduct risk assessments to identify potential issues with credit claims.
• Prepare detailed reports and recommendations for approval or denial of credits.
• Contribute to the development of long-term client relationships with tax and finance leaders at the largest F250 tax credit buyers
• Build net new relationships for Crux through conferences, networking, outreach, our extensive partnerships, and inbound
• Be a trusted expert in the market by speaking on webinars, on panels at conferences, and more
Requirements:
• 8-12+ years of experience in financial services, renewable energy, or comparable experience
• Renewable energy project finance, banking or Big 4 background preferred
• Strong understanding of the Inflation Reduction Act, related IRS tax codes, renewable energy industry, underwriting, and risk management
• Detail oriented with strong organizational, time management and prioritization skills
• Detailed knowledge of critical aspects of renewable energy project underwriting, including equipment and performance review as well as a baseline understanding of U.S. energy markets including regulatory structures, physical and synthetic forms of power agreements and derivatives, as well as renewables-focused regional incentives.
• Well-developed analytical skills which includes the ability to simplify and distill complex problems and issues.
• Project management experience, desire to build out a new initiative, lead a team at a growing company
• Team-oriented, ability to collaborate across multiple internal and external groups, spanning both commercial teams and technology teams
• Willing to travel, 25%
• FINRA SIE, Series 79 and 63 required or willingness to obtain under Crux’s broker-dealer sponsorship.
Benefits:
• We cover 100% of premiums for employees with a variety of plans on Aetna (nationwide) and Kaiser (WA and California) and subsidize 70% for dependents (total as a group), if relevant.
• We cover 100% of premiums for employees and 50% for dependents (each), if relevant.
• 10 company holidays per year.
• 20 days paid time off per year.
• We support a 401k account but don't have a matching program set up at this time (typical for an early-stage startup).
• 16 weeks parental leave for birthing parents and 12 weeks for non-birthing parents.
• Stock options in a rapidly growing company.
Apply tot his job
Apply To this Job