New York, NY, 10176, USA
25 days ago
Clean Energy Finance (CEF) - Assistant Vice President - New York
**Clean Energy Finance (CEF)** Citi’s Clean Energy Finance (CEF) team is seeking a candidate to join the origination desk to support its tax equity and tax credit transfer mandates. **About CEF** CEF has extensive expertise in originating, structuring, and executing financings across various renewable energy & sustainable technologies, including Wind, Solar (Utility Scale PV, Distributed PV, Residential Rooftop PV, CSP and Thermal), Energy Efficiency, and Other Emerging Technologies. The primary responsibility of this role is to facilitate and oversee the management of tax equity investments and tax credit transfer transactions, ensuring compliance with regulatory requirements and maximizing client benefit. The role will entail originating new tax equity and tax credit transfer deals for the firm and driving execution of transactions. The ideal candidate will have relevant knowledge and experience working with renewable energy developers and understands federal tax incentives for renewables development such as PTCs and ITCs. They should possess strong analytical and syndication skills, a thorough understanding of tax equity and tax credit rules and regulations, and excellent communication skills. This position requires great attention to detail and ability to work independently and cohesively within a team and offers client interaction and on the job learning opportunities. **Responsibilities:** + Support in execution of long-term, strategic partnerships with renewable energy developers, including execution of clean energy tax equity investments. + Leverage experience in origination, financial analysis and modeling, investing, and energy procurement to build a pipeline of tax equity projects. + Conduct detailed financial modeling to evaluate the cash flow profiles of tax equity investments, including tax benefits, projected returns, and risk assessments. + Implement strategic initiatives to enhance the bank’s position in the tax equity and tax credit markets, including identifying new opportunities and expanding client relationships to build a pipeline of deals. + Collaborate with team members to structure and negotiate tax equity and tax credit transactions, ensuring alignment with client objectives and regulatory requirements. + Work with the portfolio management team to monitor project performance, tax credit generation, and portfolio returns. Explore opportunities to repower and optimize existing portfolio of tax equity projects. + Prepare and present reports and recommendations to senior management on business performance, market trends, and growth opportunities, as well as marketing materials, investment memoranda, and pitch decks for clients. + Partner closely with CEF transaction execution teams, financial controllers, tax department, Citi Risk Management teams, and legal to ensure compliance with internal policy requirements, during execution and post-funding. + Mentor Analysts on the team and help build the talent pipeline for the team. **Qualifications:** + 4-7 years of relevant experience + Experience in evaluating financing transactions and structures + Experience creating financial analyses + Demonstrates problem solving and organizational skills + Consistently demonstrates clear and concise written and verbal communication skills + Experience assisting with client development + Ability to work with teams and track business development (collect research, analyze industry trends) + Series 7, 63, and 79 **Education:** + Bachelor’s degree in Finance or closely related area preferred This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required. ------------------------------------------------------ **Job Family Group:** Institutional Banking ------------------------------------------------------ **Job Family:** Investment Banking ------------------------------------------------------ **Time Type:** Full time ------------------------------------------------------ **Primary Location:** New York New York United States ------------------------------------------------------ **Primary Location Full Time Salary Range:** $130,000.00 - $170,000.00 In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire. ------------------------------------------------------ **Anticipated Posting Close Date:** Oct 11, 2024 ------------------------------------------------------ Citi is an equal opportunity and affirmative action employer. Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review **Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)** . View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) . View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo\_aa\_policy.pdf) . View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\_%20English\_formattedESQA508c.pdf) Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
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