About this opportunity
ImpactAlpha Inc. lists this Clean Energy Finance – VP/Director opportunity in new york, New York. Review the employer’s description below for duties, qualifications and application requirements.
Job description
About Citigroup, Inc.
Citigroup, Inc. is one of the world’s leading financial institutions, serving approximately 219,000 employees across the globe. The company provides a comprehensive range of financial services including consumer banking, corporate and investment banking, and wealth management to clients in more than 160 countries and jurisdictions. Citi operates through various divisions, including Institutional Clients Group and Personal Banking and Wealth Management, serving governments, corporations, institutions, and individuals. The organization is committed to driving sustainable finance and supporting the global transition to clean energy and renewable technologies. Citi has positioned itself as a leader in environmental, social, and governance (ESG) financing, with dedicated teams focused on innovative solutions in renewable energy, sustainability, and clean technology sectors. The company’s Clean Energy Finance team specializes in complex financial structures and tax incentive strategies that support the development and financing of renewable energy projects worldwide. Citi maintains a strong commitment to diversity, inclusion, and community engagement, recognizing that its workforce’s varied perspectives and backgrounds drive innovation and business success. The company offers comprehensive professional development opportunities, mentorship programs, and career advancement pathways for employees across all levels.
About this Role
The Clean Energy Finance (CEF) team is seeking a Vice President or Director to join its origination team, which provides tax equity financing and tax credit transfer transactions for Citi’s clients. This role will be instrumental in driving the origination, structuring, and execution of tax equity financings for Citi clients in the renewable energy and sustainable technologies sectors. The Clean Energy Finance team has extensive expertise in originating, structuring, and executing financings across various renewable energy and sustainable technology platforms, including wind, solar (utility scale photovoltaic, distributed, and residential rooftop), battery storage, advanced manufacturing, energy efficiency, and other emerging technologies. The ideal candidate will have a proven track record in tax equity transactions, strong leadership capabilities, and the ability to cultivate and manage client relationships effectively. The successful candidate will lead deal teams, leveraging deep industry knowledge and relationships to expand Citi’s presence in the tax equity and tax credit transfer markets. They will have relevant knowledge and experience working with tax equity structures, understand federal tax incentives for renewables development such as Production Tax Credits (PTCs) and Investment Tax Credits (ITCs), and possess familiarity with tax equity HLBV accounting as well as the tax treatment of partnership and lease structures. The candidate should also have experience in selling related tax credits to corporate investors.
Responsibilities
Lead and manage members of the tax equity origination team in the execution of long-term, strategic partnerships with renewable energy developers, providing strategic direction, guidance, and transaction execution to achieve origination goals and objectives
Develop and execute a comprehensive origination strategy to identify, evaluate, and secure tax equity financing opportunities with developers
Build and maintain relationships with institutional investors, developers, project sponsors, and other key stakeholders to source and negotiate tax equity financing opportunities
Originate the associated tax credit transfer transactions, identify investors, and drive execution
Prepare and present financing 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 the existing portfolio of tax equity projects
Collaborate with internal stakeholders such as legal, compliance, tax, risk management, and finance to structure tax equity transactions that align with client objectives and regulatory requirements
Requirements
4 to 10 years of relevant experience in clean energy finance, tax equity, or related investment banking roles
Bachelor’s degree in finance or closely related area (MBA preferred)
Experience in evaluating financing transactions and structures
Experience creating financial analyses
Demonstrates problem-solving and organizational skills
Consistently demonstrates clear and concise written and verbal communication skills
Experience leading and assisting with client development
Experience collaborating with banking “coverage” and relationship officers
Ability to work with teams and track business development, including collecting research and analyzing industry trends
Series 7, 63, and 79 securities licenses (or willingness to obtain them)
Willingness to develop new products
Experience negotiating and closing multiple tax equity financings
Experience closing tax credit transfer transactions
Experience interpreting tax opinions for tax equity transactions
Extensive knowledge of HLBV (hypothetical liquidation at book value) accounting
Ability to interact with clients, sponsors, developers, Citi relationship bankers, external and internal counsels, independent engineers, and other transaction parties
Benefits
Discretionary and formulaic incentive and retention awards
Medical, dental, and vision coverage
401(k) retirement plan
Life, accident, and disability insurance
Wellness programs
Paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays
Competitive employee benefits package
Professional development and career advancement opportunities
Mentorship and training programs
ImpactAlpha’s hard-working, AI-powered jobs bot generated this snappy summary from its original post. Click “Apply Now” to view the full description and apply.
#J-18808-Ljbffr
Worksite address
new york, NY, 10261, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.