Clean Energy Finance (CEF) – Director / VP

Citi’s Clean Energy Finance (CEF) team is seeking to fill roles in its team to support its tax equity and tax credit transfer mandates.

About CEF
CEF has extensive expertise in originating, structuring and executing financings across various renewable energy & sustainable technologies, including Wind, Solar (Utility Scale PV, Distributed PV, Residential Rooftop PV, CSP and Thermal), Energy Efficiency, and Other Emerging Technologies.

CEF originates, structures and places tax equity for issuers in wind, solar, and other clean energy sectors. Tax equity is a form of financing, germane to the US market, where an investor’s return is largely derived from the tax benefits and credits generated by the qualifying facility. These investments are most commonly structured as partnership or lease equity interests through which the tax benefits and credits are transferred to the tax equity investor and monetized.
The CEF portfolio includes tax equity investments in utility scale wind and solar projects, tax equity investments in pools of Distributed Generation or Residential Rooftop solar PV systems, and related back leverage debt facilities.

Job Description
This role will be instrumental in driving the origination and structuring of tax equity investments, leveraging deep industry knowledge and relationships to expand Citi’s presence in the tax equity and tax credit transfer markets. The ideal candidate will have a proven track record in tax equity transactions, strong leadership skills, and the ability to cultivate and manage client relationships effectively. They will also have relevant knowledge and experience working with Tax Equity investments, understand federal tax incentives for renewables development such as PTCs and ITCs, and is familiar with tax equity accounting as well as partnership and lease structures. The candidate should have experience selling IRA tax credits to corporates. The role will also include overseeing and driving the execution of tax credit transfer transactions.

Responsibilities:

• Lead and manage the tax equity origination team in execution of long-term, strategic partnerships with renewable energy developers, providing strategic direction, guidance, and mentorship to achieve origination goals and objectives.

• Develop and execute a comprehensive origination strategy to identify, evaluate, and secure tax equity investment opportunities with developers.

• Build and maintain relationships with institutional investors, developers, project sponsors, and other key stakeholders to source and negotiate tax equity investment opportunities.

• Originate tax credit transfer deals, identify investors, and drive the execution of transactions.

• Prepare and present investment proposals, financial models, and presentations to senior management and investment committees for approval and funding.

• Provide leadership and mentorship to team members, fostering a collaborative and high-performance culture within the tax equity origination team.

• Work with the portfolio management team to explore opportunities to repower and optimize existing portfolio of tax equity projects.

• Collaborate with internal stakeholders such as legal, compliance, risk management, and finance to structure tax equity transactions that align with client objectives and regulatory requirements.

• Mentor Analysts, Associates, and Vice Presidents on the team and help build the talent pipeline for the team.

Qualifications:

• 15+ years of relevant experience

• Bachelor’s degree in Finance or closely related areas preferred

• Demonstrates problem solving and organizational skills

• Consistently demonstrates clear and concise written and verbal communication skills

• Experience assisting with client development

• Ability to work with teams and track business development (collect research, analyze industry trends)

• Experience working in an investment banking institution(s)

• Experience in evaluating financing transactions and structures

• Consistently demonstrates clear and concise written and verbal communication

• Demonstrated ability to remain unbiased in a diverse working environment

• Series7, 79 and 63 licenses

Education:

• Bachelor’s degree/University degree or equivalent experience

• Master’s degree preferred

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In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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Anticipated Posting Close Date:

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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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