Brief Description of Sunnova
Sunnova (NYSE: NOVA) is an industry-leading adaptive energy services company focused on making clean energy more accessible, reliable, and affordable for homeowners and businesses.At Sunnova, we embrace diverse perspectives, vibrant creativity and forward-thinkers who share our zeal for a sustainable future. A career with us means pushing beyond traditional limits, exploring new horizons, collaborating with like-minded peers, and transforming the energy industry for the better.If you're excited about being a part of the fastest-growing segment of the energy industry, we encourage you to apply!
The Tax Equity Manager Position
Sunnova Energy is seeking a Tax Equity Manager to support the company’s ongoing tax equity financing activities. Sunnova utilizes tax equity to efficiently monetize the project-level cash flows and federal tax benefits through third-party investors. The related activities include allocation of Sunnova’s residential and commercial assets into multiple open tax equity funds, managing constraints and investment objectives of each tax equity investor, maintaining detailed models to monitor portfolio performance, and forecasting future tax equity needs.The Tax Equity Manager will manage a team of analysts to accomplish these goals.
They will also interface directly with the tax equity investors for each fund. The Tax Equity Manager will also coordinate with other members of the Finance Team and communicate internally with Executive Leadership and other key stakeholders.The ideal candidate has a background in finance, accounting, or data analytics; is detail-oriented; has excellent analytical thinking and communication skills; can handle multiple objectives and constraints; and has an aptitude for complex financial modeling.
Responsibilities
- Ongoing management of the weekly allocation of Sunnova’s assets into various tax equity funds through a “tranching” process.
- Optimizing the tranching process by utilizing a team of analysts as well as proprietary technology solutions.
- Works closely with Finance Team members, banks and other investors, and internal and external stakeholders to achieve the objectives of each tax equity fund.
- Provides analysis for recent trends in the tranching process as well as forecasting anticipated future changes related to tax equity portfolios.
- Maintains financial models of tax equity partnerships over 25-year investment horizon.
- Produces consistent and detailed analysis for the benefit of other Sunnova team members.
Minimum Requirements
- Undergraduate degree in business administration, finance, accounting, or data analytics
- Ten (10) years of relevant work experience managing a team of junior staff
- Experience in financial modeling
- Highly proficient in Microsoft Excel; proficient using other business integrated systems such as Microsoft Office Word and PowerPoint
Preferred Qualifications
- Graduate degree in business administration
- Relevant experience in finance, financial planning and analysis, or accounting
- Background with tax equity investments on the investor, sponsor, or advisor sides
- Background in statistics, data analysis, or computer programming
- Proficient in computer languages such as SQL or Python
- Proficient in data visualization tools such as Tableau
Additional Knowledge, Skills and Abilities
- Skilled in identifying problem-causes and effectively interpret results using root-cause analysis
- Ability to research, identify and solve problems independently or with minimal assistance
- Strong written and verbal communication skills; ability to interact with executive management, colleagues, and external stakeholders clearly and concisely
- Comfortable with ambiguity; ability to work well under pressure and within short time constraints of a complex, integrated business environment
- Efficient time-management, self-discipline, and ability to prioritize are essential
- Work effectively as a team player
- Think strategically to develop and adapt new processes
Working Conditions
Benefits
- Sunnova offers a generous employee reward package that includes:
- Comprehensive benefits, including medical, dental, vision, life insurance, healthcare flexible spending account, and 401(k) with employer match.
- Competitive compensation & annual bonus
- Paid time off, including 10 holidays and Paid Parental Leave
- Cell phone allowance for many roles
- Free access to onsite fitness center in Houston and/or discounted fitness memberships through health provider
- Complimentary garage parking in Houston
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin.We appreciate the capabilities of artificial intelligence (AI), and we are looking to hire real people. If you use AI for any part of the job application process, we highly encourage that you review any AI generated content to ensure your personality and unique capabilities are highlighted. We reserve the right to disqualify candidates that we reasonably believe solely relied on AI generated content in the application process.If you are selected for a position, your employment will be contingent upon submission to and successful completion of a post-offer/pre-placement drug test (and medical examination if required by the role) as well as pre-placement verification of the information and qualifications provided during the selection process.Apply for this job
