Senior 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 hybrid structures, from the term sheet phase through to closing.

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

• Act as the technical expert on partnership structures, as well as tax and capital account basis matters.

• Assist junior team members in resolving complex, deal-specific transaction challenges.

• Prepare and present investment opportunities to the Investment Committee for initial screening and final investment decisions.

• Lead negotiations with sponsors and capital partners, including those who may present challenges.

• Review and rigorously assess intricate partnership and hybrid financial models.

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

• Contribute to building institutional infrastructure that enables capital partners to underwrite Crux as a General Partner.

• Mentor team members and promote the adoption of AI-driven workflows throughout the deal lifecycle.

⛳️ Requirements

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

• 10–12+ years of experience in renewable energy, structured finance, or infrastructure investment.

• Proven experience in leading tax equity transactions, including hybrids.

• Strong understanding of partnership structures and issues relating to tax and capital account basis, including DROs, basis, allocations, safe harbor, and recapture.

• Broad knowledge across solar, wind, and storage technologies, including familiarity with emerging categories.

• Excellent risk assessment capabilities.

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

• Strong modeling skills with the ability to review and rigorously test complex partnership and hybrid models.

• Demonstrated tenacity, persistence, ownership, and a genuine passion for the work and its mission.

• Capability to lead discussions at the Investment Committee, guide a team, and independently resolve challenging questions.

• Exceptional communication, negotiation, and relationship management skills.

• A credible track record suitable for capital-partner diligence regarding Crux as a General Partner.

• Strong technological and AI skills, or a proven ability to adopt new technologies rapidly.

• Previous experience at a bank, especially in project finance, structured products, or leveraged finance, or at a developer/sponsor is highly desirable.

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

• Possession of FINRA SIE, Series 79, and 63, or readiness to obtain them under Crux's broker-dealer sponsorship.

🏝️ Benefits

• Work remotely from anywhere in the US and Canada.

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

• Optional co-working spaces available.

• Participate in regular team offsites twice a year.

• 100% coverage of employee healthcare premiums; 70% subsidy for dependents.

• 100% coverage of employee dental and vision premiums; 50% coverage for dependents.

• Enjoy 10 company holidays each year.

• Receive 20 days of paid time off annually.

• Access to a 401k account (currently without a matching program).

• Benefit from 16 weeks of parental leave for birthing parents.

• Receive 12 weeks of parental leave for non-birthing parents.

• Stock options available.

• Competitive compensation package.