Director, Asset Diligence and Development

Director, Asset Diligence and Development

• 401(k)
• 401(k) matching
• Bonus based on performance
• Health insurance
• Paid time off
• Parental leave
• Vision insurance

Navisun is seeking an experienced and self-directed development and project execution professional to support and manage the identification, diligence, and commercialization of opportunities that contribute to our aggressive growth goals, specifically around self-development, targeted project/portfolio acquisitions, co-development, and other strategic partnerships. Under ownership by a large Canadian pension fund (OMERS), we have a tremendous, sustained appetite for growth and a strategic imperative to build a pipeline that we will own for decades.

Given the long view of our owners, Navisun offers an opportunity to join a strong, well-supported team to build an exceptional career and a valuable and sustainable future!

Founded in 2017, Navisun LLC is a solar and storage independent power producer within the United States that co‑develops, develops, acquires, builds, owns, and operates distributed and small utility‑scale solar and energy storage projects. The Navisun team has completed numerous projects for municipal, commercial, utility, and institutional partners throughout the United States, with typical project sizes ranging from 3 to 30 megawatts.

In January 2022, OMERS acquired Navisun to serve as OMERS’ distributed‑scale solar and storage platform and to complement prior investments in the renewable energy sector.

The company now currently owns over 100 MW of distributed generation and targets the addition of 100 + MW annually and 1 + GW over 5‑7 years, through a mix of organic and inorganic growth initiatives. Navisun is poised for significant expansion with its strong pipeline, co‑development partnerships, the continued pursuit of opportunistic acquisitions, and a committed owner in OMERS.

OMERS Infrastructure, based out of New York City, is an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with $127 billion in net assets (as of June 30 2023). Headquartered in Toronto, OMERS also has offices in New York, London, Singapore, Sydney and other major cities across North America and originates and manages a diversified portfolio of high‑quality investments in public markets, infrastructure, real estate and private equity.

A long‑term and patient owner, OMERS is committed to investing in the energy transition globally.

The Director, Asset Diligence & Development is responsible for contributing, from project identification through to NTP, to the evaluation and screening of potential self‑development, co‑development, acquisition and other investment opportunities, specifically by assessing “fit” with overall strategy, identifying and mitigating transaction risks, and assessing partners’ capabilities and projects. This role will interface with external commercial partners (e.g., solar developers) and serve as a vital link to the key internal teams at Navisun, including legal, procurement, engineering, construction, offtake, and finance.

• Leading the evaluation, diligence, and operational integration of internally and externally sourced projects across the full transaction lifecycle, from initial origination to transaction closing to Notice to Proceed
• Serve as a single point of deal continuity of transaction process, deal status, and changes/exceptions to all necessary stakeholders, including the BD Team, Senior Management, and the Commercial (Investment) Committee/Board
• Lead due diligence process, including the identification and communication of key tasks, priorities, and risks both internally and externally
• Collaborative cross‑team coordination of specific due diligence tasks, leading as a project manager and facilitator of necessary discussions across individual business units and subject matter experts
• Unbiased review and screening of potential transactions to evaluate strategic fit, economic value, and external partner qualifications, working collaboratively with the BD Team and others
• Thorough research of all Navisun markets, transactions, and projects to…