Description
POSITION DESCRIPTION:
ENFIN is looking for a Financial Accounting Director - TPO to perform the critical role of managing the sourcing, structuring, accounting and negotiation of tax equity financing for residential renewable energy projects at ENFIN. We are looking for someone who has deep knowledge of the tax equity market, considerable experience executing deals that optimize sponsor economics, and a wealth of contacts in the market. In this role you will also need a high level of attention to detail and strong interpersonal and organizational skills. Communicating with internal and external stakeholders is key, in addition to assisting with managing activities across multiple departments and functions to help drive our TPO projects to completion.
We are looking for someone who thrives in an ambiguous, fast paced environment, can use great judgement to make decisions and display empathy and resilience. In this role you will need to be creative and collaborative with problem solving skills and execute team wide initiatives.
RESPONSIBILITIES
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Understand the GAAP accounting treatment for tax equity projects including ITC & MACRS.
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Knowledge of TPO (third party ownership) financing structures and appropriate accounting treatment.
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Structure, market, and negotiate all aspects of tax equity financing for renewables projects (residential solar).
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Preparation of tax returns and provide advisory services related to the modeling and structuring of renewable energy tax equity structures, such as: 1) Partnership flip, 2) Sale-leaseback, or 3) Pass-through lease.
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Familiar with residential PPA structures and IRC section 48 Investment Tax Credit.
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Collaborate with member firms, including Advisory and Consulting, to execute work streams, such as cost segregation studies and tax equity financial modeling (e.g., hypothetical liquidation at book value).
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Review financial models with internal teams and suggest changes to improve sponsor economics, accuracy, and compliance with investor requirements.
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Collaborate cross functionally to ensure documentation meets investor diligence and internal needs.
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Participate in ad hoc special projects for the team as needed.
REQUIRED QUALIFICATIONS
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Bachelor’s degree in accounting or another business-related field.
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10+ years of professional accounting experience.
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CPA and professional experiences at an accounting firm.
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Solar financing or banking sector with a financing knowledge and expertise.
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Excellent verbal and written communication skills with the ability to present and explain complex information clearly.
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Strong analytical skills and detailed understanding of tax equity structures, modeling, and documentation
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Proficient in Microsoft Office including Excel, Word, and Outlook.
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Previous experience working in a multinational company is a plus.
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Working at the San Francisco office is preferred.
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Self-motivated leadership and team player.
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Ability to manage multiple tasks and deadlines in a fast-paced environment.
Hanwha Q CELLS America Inc. (“HQCA”) is headquartered in Irvine, CA, and handles sales for the North American region. It is a subsidiary of Hanwha Q CELLS Co., Ltd., one of the world´s largest and most recognized photovoltaic manufacturers for its high-performance, high-quality solar cells and modules. It is headquartered in Seoul, South Korea (Global Executive HQ) and Thalheim, Germany (Technology & Innovation HQ). Through its growing global business network spanning Europe, North America, Asia, South America, Africa, and the Middle East, the company provides excellent services and long-term partnerships to its customers in the utility, commercial, government, and residential markets. Hanwha Q CELLS is a flagship company of Hanwha Group, a FORTUNE Global 500 firm, and a Top 8 business enterprise in South Korea. HQCA recently acquired Geli, a leading developer of Energy Management System software for energy storage, solar, and other renewable resources.
PHYSICAL, MENTAL & ENVIRONMENTAL DEMANDS:
To comply with the Rehabilitation Act of 1973 the essential physical, mental and environmental requirements for this job are listed below. These are requirements normally expected to perform regular job duties. Incumbent must be able to successfully perform all of the functions of the job with or without reasonable accommodation.
Dexterity (F = Frequently, O = Occasionally, N = Never)
Agility (F = Frequently, O = Occasionally, N = Never)
All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.