BESS Project Finance Director (Waltham)
BESS Project Finance Director
Location: Waltham, Massachusetts
W-2 Full Time (40 Hours / Week)
Hiring Manager: Ben Barlow (bb@ecasolar.com)
Working at ECA:
ECA Solar is on a mission to transition the US power infrastructure to clean energy. ECA develops commercial-scale solar and energy storage facilities throughout the US. At ECA, our people and their wellness come first. We take pride in our transparent, team-oriented work environment and focus on work-life balance. Team outings, lunches, concerts, challenges are commonplace in our daily lives at ECA. We look forward to speaking with you about your career at ECA.
ECA provides full-time employees with a robust benefits package including three weeks paid time off, and 11 paid federal holidays. In addition, we offer a 401k plan with company match, above average subsidized health, dental plans, and more. Additional compensation details for this position are listed below.
About the Position:
ECA has an immediate opening for an experienced BESS Project Finance Director to lead our analysis of Battery Energy Storage Systems (BESS) development opportunities. The BESS Project Finance Director will report directly to the Chief Financial Officer and work closely with the Chief Executive Officer, colleagues within the Finance Department, and members of the Development and Operations teams.
Primary Responsibilities:
Build and maintain financial models that inform decisions regarding investment in paired and standalone BESS projects
Analyze revenue streams (arbitrage, capacity markets, ancillary services, etc.) within various contract structures (optimizer agreements, capacity agreements, solar+storage (v)PPAs, etc.)
Guide ECAs outlook on forward curves in priority markets, factoring in state programs and pending legislation, and engaging with external consultants
Translate knowledge of BESS OEMs, service providers, and design tradeoffs (overbuild vs. augmentation, e.g.) into modeling assumptions and foundational pieces of ECAs BESS investment thesis
Engage with potential project buyers from bid solicitation through term sheet/contract negotiation and deal execution
Required Attributes:
Advanced coursework in Finance, Economics, or Engineering
4+ years of experience in renewable energy project finance, including 2+ years with a heavy emphasis on BESS modeling specifically
Fluent knowledge of electricity markets, including tariff structures, incentive programs, and their implications for BESS economics
Demonstrated deep skillset in financial modeling (Excel) and big data analysis (Power BI, e.g.).
Developers mindset: experienced in the markets current state and dialed into trends shaping the markets future state
Owners mindset: self-starter who is focused, detail-oriented, and eager to serve as a lead voice in shaping investment theses and executing on them
Strong communication skills, including the ability to distill complex concepts and advocate on behalf of viewpoints internally and externally (with potential customers and other stakeholders)
Passion for the clean energy industry and defining and implementing new standards, tools, and processes in a fast-paced/evolving company context
Preferred Attributes:
MBA, MA (Quantitative Field), or CFA
Experience at an IPP, service provider, or consultant responsible for optimizing BESS assets
Experience negotiating common BESS contracts (optimizer agreements, capacity agreements, solar+storage (v)PPAs, etc.)
Compensation:
ECA compensates employees with market-competitive base salary plus above-market variable compensation comprised, as appropriate for each position, of performance-related bonuses, transaction-based commissions, and equity-like rewards tied to company performance.
The base salary range for this position is $150,000 - $190,000, while your actual salary may be below, within, or above this range depending on your location and qualifications.
Benefits and Culture:
ECA places great value on our employees experience beyond compensation and invests in team members wellbeing in many ways including the following:
Comprehensive health insurance benefits including medical, dental, and vision
401(k) plan with immediate vesting and company match on 100% of first 4% of employee contributions
Flexible work schedules and time-off policies
All employees remote Fridays (+ one additional weekday during summer), with opportunities for additional hybrid work
Employee wellness consultants and perks
Free on-site fitness center (Waltham)
Parental leave for birthing and non-birthing parents
Work visa sponsorships as needed
Location:
This position will report to our Waltham, MA office with remote days described above.