Managing Director, Tax Investor Coverage - Underwriter

cruxclimateRemote - USA$500k – $500k+ Equity2d ago

Remote Director NA Banking Insurance Director of Finance Tax Manager Product Marketing Training Development Reporting Risk Management Documentation

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Requirements

14+ years of experience in financial services, renewable energy, or comparable experience
Renewable energy project finance, banking or Big 4 background preferred
Strong understanding of the Inflation Reduction Act, related IRS tax codes, renewable energy industry, underwriting, and risk management
Detail oriented with strong organizational, time management and prioritization skills
Detailed knowledge of critical aspects of renewable energy project underwriting, including equipment and performance review as well as a baseline understanding of U.S. energy markets including regulatory structures, physical and synthetic forms of power agreements and derivatives, as well as renewables-focused regional incentives.
Well-developed analytical skills which includes the ability to simplify and distill complex problems and issues.
Effective listener and advanced communication skills, both oral and written.
Project management experience, desire to build out a new initiative, lead a team at a growing company
Team-oriented, ability to collaborate across multiple internal and external groups, spanning both commercial teams and technology teams
Unrivaled relationship building skills; you build trust quickly and communicate clearly
Excited about the idea of a rapid-growth environment with a lot of autonomy, flexibility
You’re not afraid to roll-up your sleeves and build things yourself
Willing to travel, 25%
Contribute to and help build team culture
FINRA SIE, Series 79 and 63 required or willingness to obtain under Crux’s broker-dealer sponsorship
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 (open), NYC (opening Q1’26). 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

Lead the early review of potential renewable tax credit transactions, assess completeness of the underwriting package.
Collaborate with project developers to gather necessary information and documentation.
Oversee the production of and evaluate diligence memorandums for clean energy tax credits to ensure compliance with regulations, including eligibility criteria, prevailing wage & apprenticeship requirements, etc.
Responsible for maintaining an extensive level of knowledge of transaction structuring, clean energy tax credit industry rules and regulations to inform underwriting decisions.
Formulate standard, comprehensive underwriting policies by credit type.
Develop and lead initiatives to improve the underwriting process, including leveraging technology and tools, in collaboration with internal teams such as product engineering, legal, marketing
Analyze financial, technical and legal documents and project feasibility to determine credit eligibility.
Review tax credit insurance policies to ensure adequate risk mitigation.
Conduct risk assessments to identify potential issues with credit claims.
Prepare detailed reports and recommendations for approval or denial of credits.
Contribute to the development of long-term client relationships with tax and finance leaders at the largest F250 tax credit buyers
Build net new relationships for Crux through conferences, networking, outreach, our extensive partnerships, and inbound
Be a trusted expert in the market by speaking on webinars, on panels at conferences, and more
Train and develop underwriting principals and senior managers

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: $500,000s - $700,000s, 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.