Investment Execution

Crux Climate is hiring for the Investment Execution team to manage tax equity transactions for clean energy projects. Responsibilities include deal structuring, financial modeling, due diligence, and preparing investment memos. The role offers flexibility in leveling from Manager to Sr. Principal. The company focuses on improving clean energy finance efficiency and has raised significant capital from top investors to support its platform.
About Crux

We make clean energy finance more efficient and interconnected.

Energy demand is rising for the first time in decades, driving an urgent need for more infrastructure to deliver affordable and reliable electricity. New infrastructure requires strong and secure domestic supply chains for minerals and components, as well as large amounts of capital. Connecting to the necessary financing at each stage of a project lifecycle can present challenges for developers and manufacturers, however.

Crux is the capital markets platform changing the way clean energy and manufacturing projects are financed in the U.S. For every type of financing that is conducted on the platform, Crux provides liquidity, efficiency, and intelligence - including market-leading price indices and reports. Crux runs the leading transferable tax credit platform.

We have expanded our platform to help all of our partners - developers & manufacturers, banks & advisors, and corporate tax teams - transact in debt, tax equity, and preferred equity investments. In our 2024 Market Intelligence Report, we found that ~30% of transfers are from tax equity structures. These markets are increasingly intertwined. We are leaning further into our support for tax equity alongside transferability.

Our team of 30+ is composed of experts in energy, financial markets, government, marketplaces, and workflow software. We have raised ~$27 million from some of the best investors, including Andreessen Horowitz, Lowercarbon Capital, New System Ventures, Overture, Ardent Venture Partners, QED, Canapi, and others. These funds are joined by strategic investors including Pattern Energy, Clearway Energy, EDF Renewables, Intersect Power, LS Power, Orsted, Hartree Partners, and others who collectively generate billions of dollars of tax credits annually.

Role Overview

The Investments Execution team will be responsible for driving execution of tax equity transactions for new clean energy projects. Key responsibilities include structuring and underwriting deals, securing internal approvals, developing financial models, and managing long-term strategic partnerships.

We are open to leveling for this role, from Manager - Sr. Manager (Associate - VP) - Principal - Sr. Principal (Director - Sr. Director+).

What you’ll do
• Origination, execution, underwriting, and investment committee process for renewable energy tax equity investments
• Financial modeling and analysis until stabilization of each assigned project and provide ongoing technical support throughout the life-cycle of each investment.
• Perform due diligence of investment opportunities under the guidance of management, including but not limited to client diligence, tax equity documentation, third party reports, and attend site visits.
• Prepare and present investment memos and supporting information for approval, in line with investment policy.
• Support discussions with developers on each transaction, alongside relationship and account owner on Crux coverage team. Responsibilities with sponsors may include:
• Oversight and communications analyzing performance data on a periodic basis, with focus on delivery of investment benefits as required.
• Expediting receipt of financial and operational information to facilitate performance review, including but not limited to tax returns, audit reports, financial statements, etc.
• Financial model and disposition analysis and discussions
• Support in contact with Investors
• Capital deployment as negotiated under documents
• Proactively identify and escalate operational risk loss events / control deficiencies to management.

Who you are
• Experience with clean energy financing transactions, with a strong preference for tax equity experience
• Track record of successful tax equity investing
• Strong written and verbal communication skills
• Excellent Excel modeling skills
• Adaptable and excited about building at the early stage. You’re not afraid to roll-up your sleeves and build things yourself
• Contribute to and help build team culture
• Approximately 15-20% travel is required

What we bring
• $27m raised from top investors like Andreessen Horowitz, Lowercarbon Capital, New System Ventures, Overture, Ardent Venture Partners, QED, Canapi, and others.
• Fully remote in US or Canada with opportunities to co-work in SF, Seattle, DC, or NYC.
• Our values: Care for each other, build & improve rapidly, focus unremittingly on our customers, demonstrate ownership, and convene a team that reflects the breadth of experiences in the country.

Compensation
• $150k-$250k base depending on leveling (Manager - Principal+)
• Bonus potential across team, individual, and company of 50-75%+
• Company wide bonus tied to revenue goals
• Equity in the form of stock options.
• Full health benefits, 20 days PTO, 10 company holidays