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Finance Manager at Mote Hydrogen

Published by Todd Bush on August 18, 2022

Company Summary

Mote reverses climate change by taking carbon out of the air and permanently storing it. Our technologies recycle wood waste to make hydrogen. To rapidly deploy at scale, Mote develops system integration technologies for proven equipment. With its dual revenue streams of hydrogen and carbon removal, Mote can offer its customers low-cost, reliable clean hydrogen. To learn more, visit motehydrogen.com.

About the job

As Mote's first Finance Manager, you will help lead efforts on corporate development and project finance. You will source, negotiate, and execute project sales and structured financing, including whole or partial project sales, construction financing, back leverage, and cash and tax equity financing. The position requires an individual who thrives in a fast-paced, unstructured environment, constantly collaborating with various internal and external teams to meet transaction deadlines. The individual would ultimately be responsible for managing day-to-day execution of these transactions and performing analysis on the market. You must have an appetite for growing startups and be a creative self-starter.

Roles and Responsibilities

  • Propose, facilitate, and close finance solutions
  • Identify potential investors within the equity fund, banking, and investor communities and develop strategies to build up our investment pipeline;
  • Create and maintain project- and portfolio-based financial models for internal use and to share with potential investors
  • Synthesize and model terms of construction loans, tax equity bridge loans, and sponsor-equity-with-back-leverage loans in time- and yield-based partnership flip structures
  • Review project documentation and third-party reports, including offtakes, financing term sheets and agreements, Independent Engineer reports, etc., and accurately integrate assumptions into financial models
  • Independently develop and run sensitivities in models and quantify resultant impact on sponsor IRR and margin
  • Create marketing materials for fundraising, including teasers, CIMs, and management of data rooms
  • Manage closing process, including coordinating reviews and approvals across multi-functional teams, to bring the transaction to financial close under tight timeframes
  • Perform other duties and special projects, as assigned

Skills and Experience

  • 10+ years of project finance, corporate finance, or investment banking experience, preferably in renewable energy or a similar industry
  • Deep familiarity with project finance structures, including partnership flips, construction financing, and back-leverage; preferably a familiarity with sale-leasebacks and inverted leases
  • Experience creating marketing materials, including teasers, CIMs, and managing data rooms
  • Demonstrated ability to bring closure to complex and high value business transactions under tight timeframes
  • Demonstrated ability to work with cross-functional teams, including managing the financial, legal, and internal review and approval process to successfully close transactions
  • Strong communication skills with proven track record in building relationships and working in cross-functional collaborative teams
  • Comfortable working in a fast-moving and dynamic environment

Benefits

  • Compensation commensurate with experience
  • Health, dental, and vision insurance
  • 401(k)
  • Flexible work schedule and vacation time

Location
This position is based primarily in Mote’s office in downtown Los Angeles. We support working remotely two days per week and respect personal and family needs. Relocation assistance is available.

Hiring Ethos
Mote is committed to bringing together individuals from different backgrounds and perspectives. We strive to create an inclusive environment where everyone can thrive, feel a sense of belonging, and do great work together. Mote is an Equal Opportunity Employer, providing equal employment and advancement opportunities to all individuals. We recruit, hire and promote into all job levels the most qualified applicants without regard to race, color, creed, national origin, religion, sex (including pregnancy, childbirth and related medical conditions), parental status, age, disability, genetic information, citizenship status, veteran status, gender identity or expression, transgender status, sexual orientation, marital, family or partnership status, political affiliation or activities, military service, domestic violence victim status, arrest/conviction record, sexual or reproductive health decisions, caregiver status, credit history, immigration status, unemployment status, traits historically associated with race, including but not limited to hair texture and protective hairstyles or any other status protected under applicable federal, state and local laws.

Mote's commitment to providing equal employment opportunities extends to all aspects of employment, including job assignment, compensation, discipline and access to benefits and training.

We respect the laws enforced by the EEOC and are dedicated to going above and beyond in fostering diversity across our company.

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