Position Overview : The Head of Underwriting will manage all underwriting activities for solar projects across select states, overseeing financial modeling, risk assessment, and project acquisition.
The role involves cross-functional collaboration with internal teams and external partners, applying knowledge of state-specific solar programs, regulatory bodies, and offtake structures to achieve project success.
Key Responsibilities :
Project Underwriting :
- Lead underwriting for solar projects, focusing on project economics, cash flow projections, and risk assessment.
- Perform comprehensive due diligence, including reviewing contracts, interconnection agreements, and regulatory approvals.
- Develop and maintain financial models reflecting state-specific incentive programs, regulatory frameworks, and offtake structures.
Regulatory & Market Knowledge :
- Stay updated on solar incentive programs, Renewable Portfolio Standards (RPS) requirements, and relevant regulatory bodies.
- Utilize insights into offtake structures and market dynamics in target states, incorporating this understanding into underwriting models.
Risk Management :
- Identify and manage risks related to project development, interconnection, and regulatory compliance.
- Ensure that underwriting decisions align with realistic assessments of market conditions and regulatory processes.
Collaboration & Reporting :
- Coordinate with project development, finance, legal, and engineering teams to align underwriting models with project details and timelines.
- Prepare and present underwriting reports and financial analyses for senior management, investors, and financing partners.
Team Leadership :
- Lead and mentor the underwriting team, fostering a performance-oriented culture.
- Implement best practices for financial modeling, risk management, and underwriting processes.
Qualifications :
- Bachelor’s degree in finance, economics, engineering, or a related field (MBA or CFA preferred).
- Over 7 years of underwriting experience in renewable energy or project finance, especially within solar DG.
- Strong knowledge of solar incentive programs and regulatory bodies across relevant states.
- Advanced financial modeling skills, with expertise in project finance, tax equity, and debt structuring.
- Excellent leadership, communication, and teamwork abilities.
4 days ago