Head of Project Finance
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Monthly Salary
Not Disclosed
Salary Not Disclosed
Vacancy
1 Vacancy
Job Description
About Bright:
At Bright we are building a global movement to rapidly spread clean energy across Mexico and beyond. Our mission is to REVERSE global warming and were starting with Mexico.
Today Bright is Mexicos #1 distributed generation solar financier (think Sunrun for the developing world starting first in Mexico). We provide a distributed solar operating system that enables thousands to offer cheaper electricity to homes at no upfront cost and we work with our network of project financiers local installers and local distributors to satisfy the resulting demand. Our first market is Mexico which has more sun higher electricity rates and lower labor costs than the US. Brights investors include IFU DK (press release here) First Round Capital Y Combinator Leonardo DiCaprio Daniel Servitje the founders of Sunrun and Tesla and other top Silicon Valley firms.
Were fastmoving and resultsoriented; were passionate about spreading solar energy as fast as humanly possible while having fun doing it. We believe we have one of the highest employee net promoter scores in the industry and were committed to becoming the top employers of choice in sustainability.
While Bright shares the same benefits many startups offer we also have a few unique ones:
Directly solving one of the 21st centurys largest problems: affordable clean energy
A measured impact daily while most startups claim to make the world a better place Bright actually is
Travel the ability to travel to Mexico and worldwide as Bright expands.
Being part of a dynamic new industry as solar prices continue to drop the industry is rapidly changing. Bright is leading the charge.
About the position:
We are looking for a missiondriven rising star to lead our project finance efforts and drive down our cost of capital. Today we are partnered with the InterAmerican Development Bank and we have tremendous mezzanine debt and warehouse providers as well. As we prepare to continue growing >2x each year over the next two years expanding and furthering these key lender relationships and attracting and developing new ones will be critical. In this role you will develop new relationships to help us expand and ensure Bright retains its marketleading position as the premier financing solution for solar products for each of our four main customer segments.
You should be highly adept at navigating ambiguous situations and balancing many stakeholders to find the best solution from a capital perspective someone who thrives communicating with third parties including Lenders and Trustees someone who possesses strong communication skills (both written and verbal) and someone who excels in organizational skills and time management. You should be an experienced negotiator and comfortable with advanced financial tools and structures to propose and secure agreements that address both the lenders and Brights needs and interests.
Tasks
Your tasks and responsibilities will be:
- Lower our cost of capital with the right balance of flexibility to still enable growth and high sales conversion
- Develop a roadmap to lower the cost of capital and increase underwriting flexibility over time developing the industryleading relationships to do so
- Audit and improve complex project finance models for internal and external parties to evaluate renewable energy projects during various stages of development construction and operation on an individual and portfolio basis
- Independently develop and run sensitivities in models and quantify the resultant impact on sponsor IRR and margin
- Ensure we always have availability of project finance capital to fuel growth
- Work with product sales and legal teams to ensure our products can continue to address sales team wishlists with lender requirements successfully find the winwins.
- Improve compliance protocols to ensure lender and internal reporting deliverables are on time robust and accurate as well as efficiently prepared.
Your Key Results will be:
- Reduce spreads: Secure agreements with lenders that offer marketleading terms based on Brights toptier underwriting and collections processes which have ensured portfolio performance
- While we do not control base rates KR will continue to contract spreads on financings
- Increase underwriting flexibility: work with sales and product to determine what additional flexibility will unlock new markets and then work to enable those needs while ensuring the lowest cost of capital
- Bandwidth to move as fast as we expect to grow: Build a team and develop specialists who are viewed by the finance community as the best in the business in the markets we serve.
- Each of our lenders to date has extended or expanded their original loan agreements with Bright. Like how we strive to deliver customer satisfaction we wish to satisfy lenders.
- Capital availability: From warehouse lines to longterm debt this team will work to ensure Bright has sufficient capital to fund its aggressive growth goals.
- Working to match lenders with the new products and market Bright will serve!
Requirements
Were looking for someone who:
- Required:
- 10 years of project finance corporate finance or investment banking experience in renewable energy or similar industry securing industryleading lending partnerships
- Sector and debt advisory/structuring expertise to assist in M&A and other event situations (buy/sellside roles deal contingent hedging debt capital markets)
- Has led structured underwritten and executed renewable energy and energy transition financing transactions in the Americas
- Has deep familiarity with project finance and structured finance
- Demonstrated ability to bring closure to complex and highvalue business transactions under tight timeframes and with many internal and external stakeholders;
- Robust financial acumen and strong modeling proficiency (Excel Google Sheets etc.)
- Ability to negotiate a term sheet and then take it through to final loan agreement documentation efficiently leveraging outside counsel
- Strong written and verbal communication skills in English (and Spanish is a plus as well)
- Preference will be given to someone with:
- Experience leading a team of 37 people
- Charismatic individual one whom lending partners will want to work and with whom theyll have the utmost confidence in your clear expertise and domain knowledge
- Ability to ruthlessly prioritize in a fastpaced environment and navigate complicated stakeholder relationships to do so
- Strong communication skills with a proven track record in building relationships and working in crossfunctional collaborative teams
- A sense of urgency; youre great at solving problems in short periods
- Experience creating investor marketing materials including teasers CIMs and managing data rooms.
Benefits
Benefits:
- The opportunity to learn firsthand about the distributed generation regulatory scheme in Mxico while being a part of the fastestgrowing startup in the country.
- A fun highcaliber team that trusts you and gives you the freedom to be brilliant.
- Possibility to generate equity at Bright
- Private health insurance
- Access to costfree mental health care
- Parental leave
- Access to mentorship programs
- Remote work
Employment Type
Full Time
Key Skills
- AutoCAD 3D
- Business Travel
- CAD CAM
- ABAP
- Management Administration
- Manufacturing
