Fund Management Director

Company: SB Energy (SoftBank Group)
Location: San Diego
Posted on: June 25, 2022

Job Description:

About SB EnergyDo you want to work with high caliber professionals in a dynamic and growing company? Are you entrepreneurial, hard-working, and collegial? Are you committed to advancing the clean energy revolution? Join us at SB Energy, a world-leading company backed by SoftBank and Ares pairing cutting-edge innovation with best-in-class execution. Our Mission is to provide flexible renewable energy at scale, accelerating the global energy transition and benefiting our planet, customers, communities, and people.SB Energy develops, constructs, and owns & operates some of the largest and most technically advanced renewable projects across the United States, with Headquarters in Redwood City, CA. The company was formed in 2015 as a subsidiary of Japanese multinational conglomerate SoftBank Group Corp. SB Energy launched its United States platform in 2019 and has quickly become one of the largest solar and storage developer/IPPs in the U.S. With almost 1.7 gigawatts (GW) of renewable energy projects in operation and a multi-GW pipeline, SB Energy is building the renewable energy future - today. SB Energy also utilizes its strong culture of innovation to identify and incorporate new technology into our projects, including our AI-based digital platform, to deliver renewable energy that is local, reliable, and matched to load.Come join us in accelerating the energy transition to cleaner, more sustainable sources of power!Basic FunctionThe Fund Management Director will lead the management of the company's financing facilities. The successful candidate will ensure timely compliance with all requirements of the facilities, while building and maintaining strong relationships with our capital partners. In additional to normal-course compliance, the Director will work to obtain flexibility from capital partners as needed for the business. This person will collaborate across the company, communicating facility requirements and crafting solutions for business needs. The Director will be part of the Capital Markets group, which establishes the facilities, and will report to the VP of Capital Markets.Responsibilities

• Lead management of financing facilities, which may include lines of credit, construction loans, tax equity partnerships, term loans, letters of credit, and surety bonds. Ensure compliance with all covenants, representations, and warranties.
• Be the main point of contact for capital partners for facility management, including agency, depositary teams, and other middle- and back-office teams as necessary. Help build and maintain strong relationships with capital partners along with the rest of the Capital Markets group.
• Proactively collaborate with internal teams including Development, Construction, Asset Management, Accounting, FP&A, and Legal to communicate constraints of financing facilities and develop solutions that support the business, including obtaining consents, waivers, and amendments from capital partners as necessary. Stay apprised of project developments.
• Provide project operations reporting, financial reporting, and notices to capital partners. Work with internal groups to ensure reports are prepared in a timely manner.
• Provide oversight of capital draws and issuance of LCs and surety bonds, including the tracking of project contingency.
• Make decisions to optimize financing costs including benchmark rate-setting and interest capitalization.
• Work with our software solution to assist with compliance.
• Further establish and improve processes for Fund Management.
• Provide accurate internal reporting of financing facilities.
• Maintain well organized records.
• Create and monitor key project milestones matrix that shows interrelationship of deadlines among major project contracts and financing facilities.Qualifications/Requirements
  • Bachelor's degree in finance, business, law, or related field.
  • 10+ years of project finance, legal, or related experience; renewable energy industry or real estate/project development experience preferred, but not required.
  • Self-starter with proven ability to identify needs and drive solution implementation.
  • Proficient in working with documentation related to financing facilities, including interpretation of legal language.
  • Strong relationship management skills.
  • Highly detailed-oriented and organized.
  • Strong verbal and written communication skills are essential.
  • Experience and expertise with MS Office.Location: San Francisco Bay Area; San Diego; Denver; Phoenix; Austin; or Remote.Our Health & Wellness Benefits
    • Medical, Dental, and Vision insurance: 100% premium covered by the company, for employees and dependents---
    • 401(k) plan with company match
    • Generous Paid Time Off and 11 Paid Company Holidays
    • 12 weeks Parental Leave
    • Flexible Spending Account (FSA) ---- Medical & Dependent; Commuter FSA with employer contributions
    • Employee Assistance Program (EAP)
    • Long-Term Disability (LTD), Life Insurance, AD&D and Voluntary Legal ---Insurance Plan
    • Discounted Physical wellness plan & Pet insurance
    • Commitment to DEI - choose to participate in our internal 'Just Renewables' Committee!

Keywords: SB Energy (SoftBank Group), San Diego , Fund Management Director, Executive , San Diego, California