at SunPower in Springfield, Illinois, United States
Job Description
Do you want to change the world? We do, too.
SunPower is changing the way our world is powered every day with a passionate and driven team in North America and the Philippines. SunPower provides world-class solar solutions to residential customers across the U.S. with a commitment to a superior customer experience. We welcome forward thinkers, freedom chasers and all those demanding better, cleaner energy to join us.
Summary of Role:
SunPower’s mission is to change the way the world is powered. Solar energy is one of the fastest-growing industries in the US. Not only is solar energy clean; for most Americans it also saves money vs. buying power from the utility. Studies show that the #1 barrier to solar adoption is concern over upfront cost. The mission of the SunPower Financial team is to remove that barrier by making it cheap and easy for customers to go solar with no money down.
Reporting to the Head of Capital Markets, this role is responsible for leading non-recourse tax equity financings to support our solar lease/PPA business. You will coordinate the strategy and execute the plan to raise tax equity, cash equity, warehouse debt and public or private term debt capital to support growth in the third-party owned (“TPO”) residential segment. You will develop and maintain relationships with current and potential TPO investors and collaborate internally with colleagues in SunPower Financial, legal, tax, accounting, lease servicing, FP&A and others. Key to this role will be a keen ability to manage complexity and efficiently drive deals to closure, as well as to innovate on new ways that financial structures can be optimized for SunPower.
Your mission is nothing less than to envision the future of solar financing. You are capable of acting autonomously and leading transactions with little oversight. Our industry enjoys a complex array of tax benefits designed to spur solar adoption, build a green manufacturing sector in the US, and combat climate change. You will work with policy, legal, and tax experts to optimize SunPower’s TPO financing arrangements in light of these unique tax benefits. Your work will expand our investor base beyond the traditional TPO capital providers and enable the launch of new businesses for SunPower.
The ideal candidate has a track record executing large, complex, and innovative project finance tax equity transactions. You are an independent and curious thinker who can make convincing, data-driven arguments and will never stop learning about your subject matter. Superior analytical abilities are essential.
This role has C-level visibility, with extraordinary autonomy, scope, and potential for immediate impact. Excellent listening, writing skills and very strong judgement are essential. The role requires delivery and operation at very high standards of quality in a fast-paced environment.
Essential Duties & Responsibilities:
+ Originate and lead tax equity project financings to support the residential TPO business.
+ Develop and manage cross-functional deal teams for efficient execution and post-closing integration into operations.
+ Present and report on transaction status, risks and opportunities to senior leadership.
+ Create best-in-class structures to optimize margins.
+ Initiate and maintain relationships with all classes of potential financing partners.
Required Qualifications:
+ Bachelor’s degree in finance, business, economics, or related field.
+ 10+ years’ project finance experience, with a minimum of 5 years in tax equity.
+ Excellent verbal and written communication skills.
+ Proven track record working on complex tax equity transactions with rating agencies, as well as legal, tax and accounting professionals.
+ Ability to deal effectively with ambiguity and lead a team in a fast-moving environment.
+ Team player who can collaborate in developing strategies and provide forward thinking solutions.
+ Experience presenting to and working with senior leadership and influencing decision making.
Preferred Qualifications:
+ MBA or CFA
Professional traits that are not unique to this position but necessary for SunPower leaders:
+ Exhibits excellent judgment
+ Develops great people
+ Has relentlessly high standards
+ Expects and requires innovation of their team
+ Thinks big and has convictions
+ Delivers results
Our compensation reflects the cost of labor across several US geographic markets. The base pay for this position ranges from $189,126/year in our lowest geographic market up to $283,394 /year in our highest geographic market. Pay is based on several factors including market location and may vary depending on job-related knowledge, skills, and experience. Depending on the position offered, other forms of compensation may be provided as part of a total compensation package including annual bonus eligibility, short and long-term incentives, and a comprehensive and competitive benefits program that includes health insurance coverage, employee wellness, life and disability insurance, a retirement savings plan, paid holidays, paid time off, and so much more. For more information, please visit our benefits site at t https://us.sunpower.com/employees-benefits .
Don’t meet every single requirement? Studies have shown that women and underrepresented minorities are less likely to apply to jobs unless they meet every single qualification. At SunPower, we are dedicated to building a diverse, inclusive, and authentic workplace, so if you’re excited about this role but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyway. You may be just the right candidate for this or other roles.
Equal Employment Opportunity
The Company is an equal employment opportunity employer and makes employment decisions, including but not limited to, hiring, firing, promotion, demotion, training, and/or compensation, on the basis of merit. Employment decisions are based on an individual’s qualifications as they relate to the job under consideration. The Company’s policy prohibits unlawful discrimination based on sex (which includes pregnancy, childbirth, breastfeeding, or related medical conditions, the actual sex of the individual, or the gender identity or gender expression), race, color, religion, including religious dress practices and religious grooming practices, sexual orientation, national origin, ancestry, citizenship, marital status, familial status, age, physical disability, mental disability, medical condition, genetic information, protected veteran or military status, or any other consideration made unlawful by federal, state or local laws, ordinances, or regulations. The Company is committed to complying with all applicable laws providing equal employment opportunities. This commitment applies to all persons involved in the operations of the Company and prohibits unlawful discrimination by any employee of the Company, including supervisors and co-workers.
EOE Minorities/All Genders/Protected Veterans/Disabled (https://www.dol.gov/sites/dolgov/files/OFCCP/regs/compliance/posters/pdf/22-088\EEOC\KnowYourRights.pdf)
SunPower Supports EEO
Accommodation for Applicants to SunPower Corporation
SunPower Corporation is an Equal Employment Opportunity / Affirmative Action employer and provides reasonable accommodation for qualified individuals with disabilities and disabled veterans in job application procedures. If you have any difficulty using our online system and you need a reasonable accommodation due to a disability, you may use the following alternative email address to contact us about your interest in employment at SunPower Corporation: jobs@sunpower.com. Please indicate in the subject that line of your email that you are requesting accommodation. Only candidates being considered for a position who require a
