Principal, Investments – Tax & Preferred Equity

This is a fully remote position, open to applicants in United States, +1 more state.

📋 Description

• Oversee the execution of tax equity and preferred equity investments, including hybrids, from the term sheet stage through to closing.

• Identify, structure, price, and document transaction risks effectively.

• Construct and evaluate partnership and hybrid financial models.

• Formulate perspectives on assumptions, sensitivities, and risk scenarios.

• Prepare investment opportunities for presentation to the Investment Committee for screening and final approval.

• Present investment opportunities with adequate support.

• Co-manage negotiations with sponsors and capital partners.

• Collaborate with Legal, Tax, and Risk teams on critical issues and ensure IRS compliance.

• Contribute to the development of investment principles, underwriting parameters, and the IC process.

• Mentor junior team members to foster their growth.

• Leverage technology and AI to enhance work efficiency.

• Engage in post-closing portfolio management and stewardship.

⛳️ Requirements

• A Bachelor’s degree in Finance, Accounting, Economics, Environmental Studies, or a related field; an MBA or advanced degree is a plus.

• A minimum of 8 years of experience in renewable energy, structured finance, or infrastructure investing.

• Direct experience with tax equity transactions is essential.

• Familiarity with hybrid structures and/or preferred equity is highly advantageous.

• Proficient knowledge of partnership structures and tax and capital account basis issues, including DROs, basis, allocations, safe harbor, and recapture.

• Broad experience across solar, wind, and storage technologies; exposure to emerging categories is beneficial.

• Strong risk assessment capabilities, including identifying, structuring, pricing, and documenting risks.

• Proficient in negotiating transaction documents, including partnership flips, T-flips, and preferred equity; experience with sale-leaseback is a plus.

• Excellent modeling capabilities in partnership and hybrid structures.

• Outstanding communication, negotiation, and relationship management skills.

• Demonstrated ability to manage multiple transactions concurrently in a dynamic environment.

• Strong interest in, or proven ability to quickly grow in, technology and AI applications.

• Willingness to travel up to 25% of the time.

• Possession of FINRA SIE, Series 79, and 63, or a commitment to obtain these licenses with Crux's broker-dealer sponsorship.

• Previous experience at a bank or developer/sponsor is a strong advantage.

🏝️ Benefits

• Remote-first operating model allowing work from anywhere in the US and Canada.

• Optional office locations in DC, NYC, and SF.

• Available co-working opportunities.

• Regular team offsite events held twice a year.

• Full healthcare premium coverage for employees through Aetna and Kaiser; 70% subsidy for dependents.

• Complete coverage for employee dental and vision premiums; 50% subsidy for dependents.

• Ten company holidays each year.

• Twenty days of paid time off annually.

• 401k account support available without matching.

• Sixteen weeks of parental leave for birthing parents.

• Twelve weeks of parental leave for non-birthing parents.

• Stock options included.

• Competitive compensation package offered.