cruxclimate - Senior Manager, Portfolio Management
Requirements
• Bachelor's degree in Finance, Accounting, Economics, Environmental Studies or a related field; MBA or advanced degree a plus. • 5+ years of experience in renewable energy finance, asset management, or structured finance, with direct exposure to tax equity and/or preferred equity. Background in investment banking, project finance, or structured credit at a commercial or investment bank is strongly preferred. • Strong knowledge of partnership flip and preferred equity structures, funding mechanics, and tax compliance. • Experience managing portfolios of complex investments, including amendments, restructurings, and consent processes. • Highly organized, detail-oriented, and able to manage multiple complex workstreams. • Excellent written and verbal communication skills, including board-level reporting and sponsor/investor engagement. • Proficiency with data analysis tools (Excel, SQL, Python, or similar) and comfort working with portfolio management systems, databases, and business intelligence platforms. • Comfort leveraging technology and AI-enabled tools to improve monitoring, reporting, and workflows. • FINRA Securities Industry Essentials (SIE) and the Series 79 required or willingness to obtain within 90 days under Crux's broker-dealer sponsorship. • Experience with institutional investors (insurance companies, pension funds, family offices) is highly valued. • Prior experience at a bank — particularly in project finance, structured products, or a leveraged finance group — is a strong plus. • Backing, traction & brand: • We have raised $77 million in capital from some of the best venture and strategic investors, including Andreessen Horowitz, Lowercarbon Capital, New System Ventures, Ardent Venture Partners, Pattern, Clearway, EDFR, Intersect, LS Power, Orsted, Hartree Partners, Liberty Mutual Strategic Ventures, MassMutual Ventures, and OMERS Ventures. • Have been profitable and are growing exponentially • We have closed over 130+ transactions in just the last 2 years, facilitating billions of dollars of capital flowing into renewables projects • Culture & working dynamic • Remote-first operating model: Work from anywhere in the US and Canada, or work out of our optional offices in DC and NYC. Optional co-working opportunities with co-workers in Bay Area, Seattle, Denver, Boston, LA, and beyond. • High growth & high ownership culture: We grow quickly by giving extremely talented people a lot of responsibility. • Best of financial services & technology: We have brought together a team that are experts in clean energy finance, and the best technologies. Use your expertise while getting to be on the cutting edge of applying AI to your day and your clients’ experience. • Regular team offsites: We sustain culture by bringing the entire company together 3 times a year. Individual teams may also meet up more frequently.
Responsibilities
• Help design and scale Crux’s portfolio management framework for tax equity and preferred equity investments. • Partner with Principals, Finance, Legal, and external counterparties on portfolio tranching, funding schedules, and post-closing execution. • Monitor portfolio performance against underwriting across financial, tax, and operational metrics; identify and escalate risks and variances. • Execute consent requests, amendments, and restructurings with internal and external stakeholders. • Prepare and support investor, management, and board reporting, ensuring alignment with institutional and contractual requirements. • Support Principal with ongoing sponsor and investor interactions post-closing. Ensure smooth transition from execution to portfolio management. • Build and enhance portfolio monitoring, reporting, and workflow systems using technology and AI-enabled tools. • Contribute to strategic discussions on portfolio optimization, including potential exits and secondary market opportunities. • Ensure compliance with partnership agreements, regulatory requirements, and internal policies in coordination with Legal and Finance. • Support the development of best practices and playbooks for portfolio management activities to ensure consistency and efficiency as the portfolio scales.
Benefits
• Healthcare: We cover 100% of premiums for employees with a variety of plans on Aetna (nationwide) and Kaiser (WA and California) and subsidize 70% for dependents (total as a group), if relevant. • Dental & vision: We cover 100% of premiums for employees and 50% for dependents (each), if relevant. • Holidays: 10 company holidays per year. • Paid time off: 20 days per year. • 401k: We support a 401k account but don't have a matching program set up at this time (typical for an early-stage startup). • Parental leave: 16 weeks for birthing parents and 12 weeks for non-birthing parents. • Total cash compensation: $200,000s-$300,000s, depending on years of exp. & revenue scope, not inclusive of equity value. • Opportunity to exceed bonus targets based on team and individual performance. • Stock options in a rapidly growing company. • Care for each other: We want to work on a team where people support each other - in their growth, in their work, and towards our shared mission. When we do that, we have fun. • Build and improve rapidly: We move quickly. To do that, we focus, consistently ask ourselves if we are prioritizing the right things, and execute them as best as possible. • Focus unremittingly on customers: Our first obligation is to our customers and partners, and we keep their needs front and center in everything we do. • Demonstrate ownership: We are all owners of Crux. This is our team, our company, our product and we show that to each other. • Convene a team that reflects the breadth of experiences in the country: We’re building a team with a wide range of backgrounds and a culture where everyone can thrive.
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