Established in 2008, Sol Systems is one of the leading diversified investment platforms in the solar industry. We develop and execute bespoke equity and debt investment strategies for institutional investors through our fund management and trading teams. Our team has managed over $450MM of institutional capital deployed across tax equity and sponsor equity investments and has deployed over 800 MW of renewable infrastructure projects across our business lines.
Sol is now seeking to hire a Vice President, Fund Management that will lead our structured finance and fund management business and position the company for success in the next decade.
This position will be based in our Washington, DC headquarters, and is a critical position for the future of Sol. The Vice President, Fund Management will report directly to Sol’s Chief Executive Officer. The Vice President of Fund Management will manage a dedicated team of professionals that are passionate about our mission to build a leading diversified solar investment platform. The position is ideal for an experienced professional with strategic capability and experience leading businesses, who is looking to join a growing company, work in an entrepreneurial environment and help build new infrastructure fund opportunities.
Key Responsibilities:
The Vice President of Fund Management will be responsible for the success of the Sol structured finance and fund management team. This will require a firm understanding of the business unit, the US solar market, and successfully growing businesses. This individual will also shape origination and execution strategy around those objectives including fundraising strategy. This portfolio will include the following:
Team Management:
- Establish team’s business objectives and communicate to the team, securing feedback and buy-in
- Support team in developing resourcing plan and processes to achieve business objectives
- Allocate human resources across the team to ensure each part of the business is appropriately staffed
- Strengthen team identity, morale and spirit notwithstanding moments of pressure
- Proactively identify commercial gaps and risks in our team’s execution, and fill those gaps to ensure achievement of team’s business objectives
- Maintain relationship for the team with the CEO on achievement of business objectives, management decisions
- Oversee annual financial goals and performance for the business unit
- Drive business development success and growth by successfully executing business targets, and by identifying, evaluating and measuring growth opportunities in new markets and with new customers
Capital Formation & Client Relations:
- Assist the CEO in enhancing and building upon current LP relationships
- Manage existing relationships and deliver on client needs to improve and expand relationships
- Work with the CEO and others to create marketing materials, develop marketing strategy, and engage the market
- Establish new investment products, structures, and processes to position business unit for competitive success long-term within the solar industry
- Be available and responsive to client requests, and ensure their continued satisfaction with our services
Capital Deployment
- Help the team manage relationships with key capital partners, specifically equity and tax equity investors
- Monitor competitor initiatives and keep abreast of industry developments in order to inform strategy
- Monitor trends relative to investor appetite to ensure Sol’s offerings are appropriately consistent with market demands
- Proactively identify risks to the group’s critical relationships, and mitigate those risks
- Work with the team to manage deal flow from deal origination, through closing, execution, development, construction, operation and asset management
Organizational Support
- Maintain strong relationships with leaders across the organization, specifically asset management, engineering, accounting, and project operations, and push for continuity across groups to ensure efficient execution of business objectives
- Oversee management of contacts and records of activity in company databases and establish tracking and report process to streamline communication
- Represent business unit priorities and resource needs on the executive team
- Identify synergy and benefits across Sol business units and departments to assist and support Sol success as needed
A successful candidate will possess the following competencies, skills and attributes:
- Demonstrated dedication to our mission
- Superior strategic capability
- Experience interfacing with institutional clients
- Exceptional leadership and coaching skills and experience managing teams across disciplines
- 10-15 years in energy project finance transactional experience
- Expert in negotiating commercial terms of complex financial transactions to achieve appropriate alignment of incentives and risk
- Ambitious individual with a vision and interest in joining an entrepreneurial and dynamic company
- Authentic leadership aimed to inspire, motivate and empower employees and further the business vision
- Candid and disciplined approach to teamwork, growth and result
- Resilient and focused to build on team strengths and achieve goals
- Confident and respected ambassador for Sol among partners and investors
- Has a sense of humor, can take challenges in a positive spirit and insure team members to do the same
Additional Valued Experience & Education
- Experience in partnership and corporate-level finance and strategic investing
- Preexisting network of institutional investors investing in real assets and infrastructure
- Advanced degree in finance/business or law or both
- Experienced in project finance theory, modeling, and risks
- Experience in tax equity structuring, including the partnership flip, sale leaseback and inverted lease
- Bachelor’s degree in business, engineering, marketing or related field; Advanced degree preferred
Commitment & Compensation: Compensation will be commensurate with experience. In addition, Sol Systems provides health insurance, retirement benefits, partial gym reimbursement, transportation benefits, education benefits, paid vacation and federal holidays, plus the opportunity to work in a unique and dynamic startup environment.
To Apply: Please submit a resume, cover letter and salary requirements. Applicants that are missing items from this list will not be considered. Sol Systems is an equal-opportunity employer, and does not discriminate based on gender, race, ethnicity, orientation, creed, or other trait. Sol Systems supports and encourages candidates of all backgrounds to apply.
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