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Coast Energy

Senior Project Finance Associate

Coast Energy, El Segundo, California, United States, 90245

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Overview About Coast Coast ("Coast" or the "Company") is a rapidly growing clean energy independent power producer focused on distribution-level energy generation and storage. Our portfolio includes onsite commercial and industrial solar and energy storage, microgrids, and distribution-level front of the meter solar and energy storage. Through the backing of its financial sponsor, Crosstimbers Capital Group, Coast expects to finance, develop, own, and operate $400+ million of energy generation and storage projects across the United States over the next several years. We are looking for talented, results-oriented, self-starters who will consistently deliver exceptional results to our customers and investors in pursuit of becoming a leading independent power producer in the United States.

Coast’s beliefs about people We believe people should feel appreciated and part of a broader—mission-based organization—where their experience and talents are nurtured, and their full potential is realized. Coast seeks to cultivate a culture that enables talented individuals to thrive by autonomously utilizing their unique abilities and extraordinary work ethic within a highly collaborative environment that fosters innovation, creativity, and teamwork. We view it as one of our greatest responsibilities to enable, lead, and help individuals grow into their best versions. Our team shares a common vision of becoming the best version of ourselves and building the best company we can create while transitioning our country to clean, renewable energy.

Expected outcomes and requirements Coast has identified the need for a Senior Project Finance Associate who will lead Coast’s front of the meter solar and energy storage project financial underwriting and the development of underwriting tools and best practices around underwriting these project types. This individual will collaborate with the origination and finance teams to qualify, underwrite, and finance solar projects and to underwrite counterparty creditworthiness, and uplevel Coast’s underwriting practices through continuous improvement and refining of underwriting tools and strategy.

Responsibilities

Project Underwriting and Origination

Underwrite complex solar and energy storage projects, incentive structures, and financing structures to optimize project benefits and stakeholder returns including distribution-level energy storage and solar projects with contracted or programmatic revenues

Continuously refine and improve Coast’s proposal templates and underwriting processes

Maintain Coast’s assumptions related to project underwriting, SREC and energy rate curves and other foundational model inputs

Build and refine financial and credit underwriting tools and assumptions to qualify solar and energy storage projects and to evaluate creditworthiness of counterparties

Assist in the negotiation of project terms and generate project term sheets and customer proposals

Help manage Coast's project origination pipeline and in-bound project documents from development partners and vendors while leveraging internal technology and processes

Define and update project origination processes and tools for efficient project execution

Coordinate multiple internal and external origination and development activities, including the receipt of 3rd party reports, to advance projects through the origination and development process

Support the origination, evaluation, and due diligence of solar and storage projects to reach NTP

Regularly refine the company's CRM database for project leads and deal sourcing

Assist in all other responsibilities to support Coast’s continued growth and success

Reporting

Provide internal reports and presentations on KPIs and dashboards for business and project origination

Lead investment committee reporting and presentations on project origination

Support management team by keeping company level origination KPI’s up-to-date in Salesforce

Assist in keeping project models updated through project lifecycles

Leadership and Autonomy

Oversee Coast’s SREC trading processes

Identify new tools and process improvements to improve Coast’s credit underwriting processes

Autonomously enhance Coast’s workflows and processes with minimal support and guidance from leadership

Actively engage in discussions and demonstrate attentiveness during virtual and in-person meetings

Lead Coast’s efforts in defining and executing on various strategies or initiatives, including: customer credit underwriting, SREC trading, merchant revenue assumption.

Qualifications and experience

Bachelor’s degree in business, finance or related preferred

5-7 years of experience in the clean energy industry; energy storage experience highly valued

Demonstrated ability to underwrite complex solar and energy storage projects, including various incentive structures and financing arrangements

Demonstrated ability to assess the creditworthiness of counterparties involved in solar and energy storage projects

Proven ability to autonomously enhance underwriting workflows and processes with minimal support and guidance from leadership

Experience effectively coordinating multiple internal and external development activities simultaneously

Proficiency in generating reports and presentations on KPIs and dashboards for various stakeholders

Proficiency with Microsoft Excel and PowerPoint for data analysis and presentations

Excellent communication skills and comfort with engaging internal and external stakeholders

Highly detail-oriented and organized individual

Innovative and organized self-starter with the desire and ability to work autonomously

Energetic and driven personality who thrives in a high-paced, dynamic, small-company environment

Additional application information

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Please describe your experience managing C&I solar projects. What types of projects have you developed, and how many have you brought to NTP? *

Are you currently located in Southern California or willing to be based in Southern California? *

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