VP, On-site Power Acquisitions

Posted:
7/10/2024, 4:18:59 AM

Location(s):
New York, United States ⋅ New York, New York, United States ⋅ California, United States ⋅ San Francisco, California, United States

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Finance & Banking

Workplace Type:
On-site

We are looking for an investment team Vice President to help acquire and manage our growing portfolio of on-site power assets, with a focus on fuel cell assets. The mission of this role is to structure on-site power asset investments that deliver attractive risk-adjusted sponsor returns. We are looking for a self-directed individual who is excited by the opportunity to work on the Investment Team on the evaluation, structuring and execution of fuel cell and on-site power acquisitions and financings.

You are a results-oriented person, passionate about the type of work Generate is doing, and looking to apply your experience to help scale a growing business. 

We are looking for someone organized and detail-oriented, who can excel in dynamic, fast-paced situations, and who is able to balance risk management with delivering flexible capital solutions to Generate’s development partners. This person will enthusiastically familiarize themself with the existing on-site power assets base and then step into a leadership role of transacting on fuel cell investments. Leveraging existing relationships with developer and financing partners, this person will manage new acquisitions and oversee valuation, structuring and negotiation, and support project financing, to help scale a growing investment segment at Generate. This person will juggle a variety of stakeholders simultaneously while providing the highest standards of service to Generate’s partners.

What you will be doing at Generate Capital as the VP of On-site Power Acquisitions:

  • Value, diligence, structure and negotiate portfolio acquisitions of on-site power energy generation investments with a focus on fuel cell assets
  • Weigh deal risks and commercial tradeoffs to secure a risk profile appropriate for the return profile
  • Run diligence and documentation processes, leading to an efficient and well-organized transaction process.
  • Support the capital markets team in closing project finance transactions including tax equity and backleverage debt
  • Develop and sustain long-lasting relationships with new and existing developer partners and financing partners
  • Captain transactions through the investment process including managing relationships with internal and external stakeholders and advisors
  • Oversee internal investment memo writing and participate in investment committee presentations for project acquisitions and financings
  • Partner with internal portfolio finance, project delivery and asset management teams to ensure (i) assets are funded, constructed and operated as expected and (ii) any learnings are flowed back into upfront underwriting

Candidate qualifications & core characteristics:

  • A demonstrated passion for, and commitment to, our mission
  • 7+ years of renewable energy asset M&A experience including structured finance modelling
  • Experience developing, acquiring and financing renewable energy portfolios; experience with distributed assets is a plus
  • Superb analytical, interpersonal and negotiating skills
  • Strong investment judgement and understanding of the balance between risk management and upside capture
  • Experience leading a high functioning deal-team
  • Ability to operate autonomously and exceed expectations with minimal guidance
  • Unimpeachable integrity and glowing references
  • Outstanding communication and interpersonal skills, including empathy, intuition, and listening as well as strong writing, editing, and basic design skills.
  • High level of self-awareness and humility, with excitement about confronting uncomfortable situations or new challenges
  • Intellectual agility, curiosity, and creativity; problem-solving is your default mode
  • Entrepreneurial spirit: flexibility, comfort with risk, recognition that “perfect can be the enemy of the good”

Generate’s compensation packages are dependent on the facts and circumstances of each case. Salary decisions take into account a wide variety of factors including, but not limited to: skill sets, experience and training, licensure and certifications, geographic location, and other business and organizational needs. A reasonable estimate of the base salary range for this role is $180,000 - $225,000. In addition, the compensation package may include a discretionary bonus and other benefits, including health care benefits, retirement benefits, benefits permitting paid days off (including sick leave, parental leave, and paid time off or vacation benefits), and other benefits that must be reported for federal tax purposes. It is not typical for an individual to be hired at the top of this range. 

Generate Capital is an equal opportunity employer and does not discriminate against otherwise qualified applicants on the basis of actual or perceived race, color, creed, religion, ancestry, citizenship status, age, sex, marital status, sexual orientation, national origin, disability or handicap, veteran status, or any other characteristic protected by applicable federal, state, or local laws.