Valuation Director, Structured Finance
Lightsource bp is a global leader in the development and management of solar energy projects. We are a 50:50 joint venture with bp with a mission to help drive the world’s transition to low carbon energy.
With solar set to increase tenfold in the next 20 years, we are well-positioned to capitalize on this growth. By joining the Lightsource bp team, you will ‘be the change’ on the world’s energy transition to a more sustainable future.
We pride ourselves on our entrepreneurial spirit as we continue to push the boundaries of an ever-changing energy landscape. By choosing a career with us, you can expect a challenging and fulfilling role surrounded by people who are passionate and have brilliant ideas about sustainable technology, innovation and making the world a better place.
Summary
The Structured Finance team is committed to helping Lightsource bp finance and commercialize 25GW by 2025 having helped finance approximately 2.7 GW and raise approximately $3 billion of debt and tax equity financing in the USA since 2019. To support our mandate, our team is looking for a highly motivated and analytical Technical Director candidate who has a strong interest in joining a dynamic and high performing team to capitalize on substantial deal flow for a top tier platform in the U.S. This senior-level position will lead all technical aspects of project finance modeling across the Structured Finance function. The Technical Director will draw on their modeling expertise and experience in finance, tax, and accounting to advise the commercial teams and to help achieve accurate, consistent, and accretive results, ensuring the successful financing of all of Lightsource bp’s utility-scale solar projects.
Duties and Responsibilities
• Own and maintain all of LSbp’s financial modeling tools, ensuring they are up-to-date, accurate, and streamlined at all times.
• Develop and incorporate new features into LSbp’s financial models and build models for financing structures that LSbp hasn’t previously utilized, based on market demand and feedback.
• Research and be an expert in emerging technical trends in tax equity and debt financing as well as competitor activities and noteworthy transactions.
• Closely track market pricing, structures and trends in project financing.
• Own and update key economic assumptions and metrics in the master set of financial tools.
• Advise Structured Finance deal leads and management on project financing trends – pricing, structural features, risk exposure, etc.
• Assist junior team members with complex modeling issues and updates as required for deal closings.
• Support deal teams in their negotiations with financing counterparties on an ad hoc basis to ensure that Lightsource bp always obtains the most accretive and optimal deal structure.
• Coordinate with LSbp’s Tax and Corporate Finance teams and with outside accounting and legal advisors to evaluate, optimize, and track US corporate income tax exposure.
• Reduce the need to call on outside consultants by providing their services internally.
Knowledge
• Very strong Microsoft Excel skills
• Extremely detailed technical understanding of renewable energy tax equity and debt financing structures
• Advanced accounting and tax acumen
• Familiarity with HLBV accounting
• Outstanding analytical skills
Qualifications
• Bachelor’s degree in a quantitative field.
Experience
• 7+ years renewable energy project finance experience, with direct work experience in financial modeling, tax equity and debt structuring, and accounting
• Successful track record of executing tax equity and debt transactions from beginning to end
Personal qualities
• The skills and desire to be a coach and mentor to project deal teams
• Excellent communicator across the spectrum – from senior management to junior colleagues and from high-level concepts to detailed technical points
• Excellent business acumen
• Highly responsive and quick worker
• Extreme attention to detail
• Team player
• Strong interest in joining a dynamic, entrepreneurial environment and being part of a high-performing and collaborative team
Our company is a place where you can be yourself and grow; a place where your ideas and opinions matter.
Be you: We pride ourselves on being an inclusive community, where every individual is valued and treated with respect.
Be responsible: Our culture is driven by our core values. From operating safely to ensuring our solar projects are responsible and promote biodiversity.
Be recognized: Alongside a competitive salary, we offer a variety of benefits including annual bonus, retention bank, health insurance, pension and other local benefits.
Be inspired: Beyond your day-to-day working life at Lightsource bp, there’s a variety of initiatives that will contribute to your own personal development. Initiatives to get involved with including our charitable causes, supporting our solar honey project or our sustainability initiatives.
Our Core Values: Lightsource bp truly cares about creating a sustainable future through safe, responsible and meaningful low carbon energy projects. Our core values of Safety, Integrity, Respect, Sustainability and Drive are the guiding principles for everything we do.
https://www.lightsourcebp.com/careers/
Lightsource bp is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.
This position requires satisfactory proof of COVID vaccination or your obtaining an approved accommodation or exemption that exempts you from compliance with the mandatory COVID vaccination requirement in accordance with applicable law. “Fully vaccinated” means that at least two weeks have passed since the administration of the second dose of either the Pfizer or Moderna vaccine or the first dose of the Johnson & Johnson vaccine.