Company
Our client is a rapidly growing developer, owner, and operator of standalone battery energy storage systems. We strategically site battery storage projects to enable electricity from renewable resources, like wind and solar, to charge batteries where demand is greatest.
Role
- Strategy, Planning, and Leadership
- Define the finance strategy and lead the finance team (currently a Controller/FP&A lead, a VP of Project Finance, a Senior Manager of Project Finance and an Investment Analyst)
- Devise deal strategy and lead negotiations with financing parties for the Company's project portfolio, including construction and term debt as well as monetization of Investment Tax Credits (ITC)
- Evaluate and identify areas for improvement within the finance team and enhance execution, profitability, and efficiency
- Manage the transaction execution and financial closing process for multiple projects at various stages of development as well as corporate guarantees, letters of credit and other facilities, as needed
- Help evaluate and approve M&A transactions and assist in negotiations
- Oversee the continual refinement of company's project and enterprise-level financial models
- Oversee the handoff process between project finance, operations, and asset management and improve transaction efficiency
- Support project development and acquisition efforts by partnering with other internal business units (origination, development, operations, legal) to internalize financing conditions and requirements into company processes
- Expand the Company's relationships with new and existing renewable energy project investors
- Ensure the company's and all subsidiaries and affiliates maintain appropriate levels of general liability, cyber security, D&O, and other relevant insurance coverages and ensure the proper and timely handling of relevant insurance claims.
- Budgeting and Forecasting and Cash Management
- Manage the internal and external financial planning, analysis, and reporting requirements, including directing the annual budgeting and forecasting process
- Track and analyze the Company's performance to budget and update projections throughout the year
- Oversee the creation and distribution of the Company's regular financial reports, including monthly profit and loss, forecast vs. budget, and weekly cash flow management
- Present monthly financial reports to the Executive Management team and quarterly to the Board of Directors
- Interface with the owner team to provide updates and respond to information requests
- Accounting, Compliance, and Audit
- Oversee the Tax and Accounting function, including the preparation of the Company's annual audit
- Review and ensure the application of appropriate internal controls, and external compliance
- Ensure timeliness and accuracy of financial and management reporting data
- Oversee the preparation and timely filing of all local, state, and federal tax returns
- Sign off on all month-end closing activities, including general ledger accounts, balance sheet accounts, and overhead cost allocation
- In coordination with company's General Counsel and other team members, develop and implement effective risk management policies and systems
- Procurement
- Ensure that all procurement activities comply with corporate policies and management guidelines
- Provide input and guidance to the procurement process in collaboration with other departments in developing requests for proposals, competitive bid packages, and contract awards and negotiating favorable payment and security terms
Required Experience
- 15+ Years experience in financial leadership roles with five years of previous CFO experience
- Proven track record raising project & corporate financing
- Strong financial structuring and deal-making experience, including evaluating complex revenue structures
- Relevant experience in energy storage or renewable energy with a top-tier renewable energy developer, bank, or investor
- Extensive knowledge of power markets, including major ISO/RTOs (CAISO, PJM, MISO, ERCOT, SPP, etc.)
- Subject matter expertise with tax equity & project finance structures & tracking models
- Experience in leading corporate and project budgeting and forecasting
- Top-level communication and presentation skills
- Demonstrated leadership ability, confidence, and ability to motivate staff
- Excellent analytical reasoning and problem-solving skills
- Master's degree in business, accounting, finance, or related field is preferred
Location
Portland Area, Oregon
Salary
$200-$300k base plus bonus
