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IMPORTANT: This Advertiser has requested that applicants MUST be National Residents / Valid Work Permit-holders. Other applicants need not apply.
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The Clinton Foundation launched the Clinton Climate Initiative (CCI) in 2006 with the mission of applying the Foundation’s business-oriented approach to the fight against climate change in practical, measurable and significant ways. The Energy Efficiency Building Retrofit Program (EEBRP) was CCI’s first program and was created to accelerate energy efficiency improvements in existing buildings. Buildings are responsible for consuming more than one third of the world’s energy and account for over 15% of global CO2 emissions. The EEBRP team works as pro bono consultants and advisors to governments such as the C40 cities (www.c40cities.org) and private building owners, helping them to develop and implement large-scale energy efficiency building retrofit projects that maximize energy and operational savings as well as incorporate industry best practices. EEBRP assists building owners with every aspect of the project development process, including initial technical design and business case analysis, procurement process and contract preparation, technical review and financing as an unbiased third party acting in the best interests of the building owner.
By developing demonstration projects on a global basis, EEBRP identifies the barriers and/or market inefficiencies (e.g. accounting, legal, financial, behavioral, procurement) that have precluded specific building markets from realizing their energy retrofit potential. EEBRP uses this knowledge to develop practical, sustainable and scalable models for overcoming those barriers/inefficiencies. In the course of the EEBRP’s work, finance options and access to capital have been identified as a primary and pervasive barrier to market expansion. There are very few “off-the-shelf” cost-efficient financing options available to building owners for purposes of implementing energy efficiency improvement projects. In markets where competitive products are not available, CCI works with partner banks, energy services firms, institutional investors, development banks, government agencies, etc. to adapt existing or develop entirely new financing mechanisms that can achieve scale.
The Project Finance Manager will provide finance related support to EEBRP Project Development Managers and CCI City Directors as they work with governments, contractors, and building owners to implement large-scale building energy efficiency projects. The Project Finance Manager will be responsible for managing all financial aspects of building retrofit projects under development by CCI and for working with providers of capital to obtain funding for projects. This person will also work with CCI partners to develop programs and models for funding building retrofits projects more generally. This position can be based anywhere in the United States.
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| Responsibilities: |
- Work with CCI City Directors and EEBRP staff to assess and develop large-scale, market transforming building efficiency projects
- Provide technical support in all areas of finance during the course of project development. This may include education of CCI and partner staff, cash flow / investment analysis of projects, solicitation and evaluation of financing proposals
- Develop an understanding of the key barriers to retrofit project implementation in specific regions and building markets
- Identify the most promising models/mechanisms for funding building retrofit projects in specific regions and building markets
- Work with partner banks, governments, development agencies, and others to develop scalable and replicable models designed to overcome existing and persistent market barriers (e.g. finance, accounting, legal, tenant-related) for funding building energy efficiency improvements across entire geographies and building sectors
- Deliver presentations to government officials and building owners on the business case for building energy efficiency, including an assessment of the relevant legal, accounting, finance related issues limiting uptake and/or enabling the opportunity
- Deliver presentations to financial institutions on the strategic and business opportunity for funding building energy efficiency retrofit projects
- Serve as a liaison to CCI’s financial partners, maintaining relationships as needed
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| Qualifications: |
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We seek a candidate that is motivated by the immediate and imperative nature of the climate change mission and understands the business, health, environmental and national security related risks that climate change poses.
For this position, the candidate must possess a requisite level of financial skills, developed from experience in executing transactions in real estate acquisition and development, infrastructure/project finance, commercial lending, structured finance, and/or energy project development. The candidate should have understanding of how financial institutions operate internally, particularly their processes for managing risk and evaluating new investment opportunities. The Project Finance Manager must be able to assess the investment and financing potential for retrofit projects and work in an entrepreneurial manner to identify or develop new mechanisms for obtaining funding for those projects. Lastly, the Project Finance Manager must be adept at identifying, developing and leveraging partnerships with third parties where CCI’s own expertise or capacity may be limited. Specific skills and experience include:
- Minimum of 3 years experience at a tier-one financial services, management consulting, real estate development/investment or energy project development firm, with a focus in energy/infrastructure project finance, real estate acquisition/development/lending and/or corporate finance
- Familiarity with project cash flow / investment analysis, credit and asset-based lending, vendor financing, warehouse lending, asset securitization, project finance, public finance, lease financing
- Ability to think creatively and design solutions to complex problems using limited resources
- Ability to handle multiple tasks simultaneously, set priorities and meet deadlines
- Background and comfort in working with senior management in a business and / or government capacityDemonstrated ability to negotiate with multiple actors with different objectives/interests and achieve consensus
- Ability to operate independently and work effectively with minimal supervision
- Advanced financial modeling and Excel skills a must
- Willingness to travel globally, as needed
- Excellent written and verbal communication skills
- Fluency in English required
- A graduate degree in business administration or real estate development is desirable.
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