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Head of Project Finance

Remote -- Finance

About Bright

At Bright, we are building a global movement to rapidly spread clean energy across Mexico and beyond. We do so by simplifying the adoption of rooftop solar via advanced technology and human connection. We’re fast-moving and result-oriented; we’re passionate about spreading solar energy as fast as humanly possible while having tons of fun doing it. 

About the position

We are looking for a mission driven 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 market leading position as the premier financing solution for solar products to each of our four main customer segments.. 

 

You should be highly adept in excel (and google sheets!), someone who thrives communicating with third parties including Lenders and Trustees, someone who possesses strong communication skills (both written and verbal), someone that excels in organizational skills and time management.  You should be a fast and eager learner ready to soak in knowledge quickly and able to demonstrate proficiency and ability to work autonomously and effectively once trained.  You should be an experienced negotiator and comfortable with advanced financial tools and structures to be able to propose and secure agreements that address both lender’s and Bright’s needs and interests. 

We’re looking for someone who has:

Required: 

  • 5+ years of project finance, corporate finance, or investment banking experience in renewable energy or similar industry, securing industry leading lending partnerships

  • Deep familiarity with project finance and structured finance

  • Demonstrated ability to bring closure to complex and high value business transactions under tight timeframes;

  • Robust financial acumen

  • Strong modeling proficiency (excel, google sheets, etc.)

  • Ability to negotiate a term sheet then take it through to final loan agreement documentation efficiently leveraging outside counsel 

  • Strong written and verbal communication skills in English and Spanish

 

Preference will be given to someone with: 

  • Experience leading a team

  • Charismatic individual, one who lending partners will want to work with, and with whom they’ll have the utmost confidence in your clear expertise and domain knowledge

  • Ability to ruthlessly prioritize in fast-paced environment

  • Strong communication skills with proven track record in building relationships and working in cross-functional collaborative teams

  • A sense of urgency; you’re great at solving problems in short periods of time

  • Experience creating marketing materials, including teasers, CIMs, and managing data rooms

 

Your tasks and responsibilities will be to:

  • Lower our cost of capital

    • Develop a roadmap to lower cost of capital, developing the industry leading relationships to do so

    • Create and maintain 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

    • Specifically synthesize and model terms for senior loans, mezzanine loans, and sponsor equity opportunities

    • Independently develop and run sensitivities in models and quantify 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 successfully address sales’ team wishlists with lender requirements - find the ‘win-wins’

  • Improve compliance protocols to ensure lender and internal reporting deliverables are on time, robust and accurate, as well as efficiently prepared.
     

Compensation / Benefits:
 

  • Competitive compensation based on experience & results.

  • A fun, high-caliber team that trusts you and gives you the freedom to be brilliant. 

  • The opportunity to learn first hand about the distributed generation regulatory scheme in México while being a part of one of the fastest-growing startups in the country.

  • Unparalleled learning – we have access to an amazing list of advisors and investors that we actively engage on this project.

    • Ability to work alongside and gain experience from working closely with mentors at Bright

  • Awesome work environment - all input and ideas matter to us.