Structured Finance Associate, IPP

New Leaf Energy is an experienced clean energy developer that partners with landowners, policymakers, and other stakeholders to accelerate the transition to a world powered by renewable energy. We identify high-value sites, work with landowners and local communities to develop them, and partner with long-term asset owners to bring the most impactful clean energy projects to life.

New Leaf Energy, Inc. is seeking a Structured Finance Associate to join our team supporting our Power Plants division.

This position may be filled out of our Boston, MA or Lowell, MA, Troy, NY, Chicago, IL or Oakland, CA offices. We value in-person collaboration and offer a hybrid work environment. Hybrid employees work in the office at least two out of every Tuesday, Wednesday, and Thursday and are free to work from the office or home on other days.

• Maintain complex, project and portfolio-level financial models to evaluate project returns (IRR, NPV), cash flows, and sensitivities
• Responsible for providing arm’s length pricing to NLE’s development company (Dev Co) for projects in consideration for sale to NLE’s Power Plants Division (IPP)
• Support Manager of Structured Finance and third party diligence providers in performing diligence on projects offered to IPP by Dev Co with respect to real estate, project permitting, and interconnection, and other development items
• Maintain checklists, schedules and other project management tools required to keep the diligence process organized and allow transactions with New Leaf’s Dev Co to close quickly and IPP to draw down on funds to move forward in the project construction process
• Assist Manager of Structured Finance in drafting of project-specific MIPAs between NLE Dev Co and IPP using existing template, identifying potential Dev Co post closing obligations (PCOs) and inclusion of additional terms that align with IPP’s financing arrangements
• Monitor and ensure compliance with the condition precedents (CPs) agreed to by IPP in existing financing agreement(s) in support of drawing down on committed funds in a timely manner
• Manage the day to day operations needed to support the capital structure, including compliance, reporting, and execution of supplemental funding agreements. Execute on the standard work needed for this to run smoothly and efficiently
• Support all new capital transactions, including serving as deal support on additional rounds of PPD financing. Perform project management of internal and external resources to ensure efficient execution and a smooth deal close
• Manage data rooms and respond to investor inquiries during capital-raising processes
• Proactively identify and work on new process improvements in coordination with other stakeholders
• Any other duties, as assigned by Manager of Structured Finance

• 3-4 years in renewable energy project finance, investment banking, or corporate development, specifically with exposure to solar assets
• Bachelor’s degree in Finance, Economics, Business, or a related quantitative field
• Advanced Excel modeling skills (VBA is often a plus) and a deep understanding of Project Finance mechanics
• General understanding of tax equity concepts and different project finance deal structures
• General understanding of project development lifecycle for renewable energy projects
• Strong attention to detail and project management skills required
• Strong written and verbal communication skills

New Leaf Energy compensates all employees in three ways: market-competitive base salary, plus above-market variable compensation, plus an equity-like program such that all employees experience the benefits of ownership. We use a data-driven and transparent methodology to calibrate compensation that is externally competitive and internally equitable, guided by the New Leaf Energy compensation manual, which is available to all employees.

Under our compensation framework, the likely base salary range for this position in Chicago is $104,845 - $120,449. The on-target annual cash bonus associated with this position is an additional 10% of base salary. Your actual salary may be above, in, or below this range, depending on your location…