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Cypress Creek Renewables · Durham, North Carolina
Fund Manager Opportunity At Cypress Creek Energy Cypress Creek Energy is looking to hire a Fund Manager. This role will play a crucial role in ensuring the financial health and success of our operational energy projects. This role will be responsible for managing financing agreements including but not limited to loan and tax equity agreements, cash waterfalls, fund cash budgets and forecasts, and ensuring compliance with financial covenants. The ideal candidate will have a background and strong interest in financial administration, project finance, and renewable energy, with exceptional attention to detail, analytical skill, and willingness to learn. The ideal candidate will have:
Basic Understanding of project financing structures and agreements Expertise in financial modeling and analysis Self-sufficiency and problem-solving ability to figure out where to gather financial data and effectively communicate results/bigger picture Strong project management skills with an ability to manage multiple, concurrent projects to meet deadlines Experience with collaboration and consensus building across functions Desire to proactively engage with business partners to identify opportunities for business process improvements and cost savings Learning agility, intellectual curiosity, and adaptability in assuming new responsibilities and handling unfamiliar material
Responsibilities include:
Maintain fund waterfalls for operating funds, ensuring accuracy and timeliness in updating actuals and forecasts. Establish a monthly cadence with asset managers to review and update forecasts, addressing any changes in working capital needs promptly Monitor cash flows, liquidity, and funding requirements to ensure timely debt service payments and cash distributions to investors and stakeholders Calculate cash distributions, and other financial obligations for the fund; optimize cash distributions to CCE corporate through proactive liquidity and cash management and oversight of compliance with distribution tests in financing agreements Maintain positive working relationships with investors through timely, accurate reporting and proactive communication. Coordinate with accountants to execute debt service payments and cash distributions in accordance with contractual agreements Monitor fund's cash reserves and LCs for optimized least-cost collateral cover Support valuation analysis for tax equity buyouts and support negotiations with investors Collaborate with FP&A and asset managers and prepare annual cash budgets for the funds Improve existing fund management practices and fund waterfall files and processes through automation and data analytics. Support corporate and project transactional due diligence; lead transition of financing/tax equity closing models to fund management and setup of tracking models and partnership yield/flip analyses Support ad-hoc reporting needs as requested from internal and external stakeholders.
Education & Experience Required:
Bachelor's degree in finance, accounting, business administration, or related field. 3+ years total professional experience; with a minimum of 1-2 years of experience in portfolio/fund management, asset management, project finance, or related roles in the renewable energy industry Basic understanding of project finance and tax equity structures Proficiency in financial analysis and modeling Experience in renewables strongly preferred. High level of proficiency in Excel is required Strong knowledge of financial systems Excellent attention to detail, organizational skills, and ability to manage multiple tasks and deadlines. Strong analytical skills with the ability to interpret financial data, identify trends, and make data-driven recommendations. Excellent communication, interpersonal, and collaboration skills. Knowledge of renewable energy industry trends, regulations, and best practices is a plus Embrace and live by the mission and values of Cypress Creek Energy
This role is open to our Durham, NC office. Our team operates on a hybrid schedule, with in-office schedule of three days per week. Benefits:
15 days of Paid Time Off, accrual up to 20 days, 11 observed holidays. 401(k) Match Comprehensive package including medical, dental, vision and health insurance Wellness stipend, family planning stipend, and generous parental leave Tuition Reimbursement Phone Bill Reimbursement Company Swag
Cypress Creek Energy is an equal opportunity employer and considers all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or veteran status. We are committed to providing a workplace that is inclusive and values diversity, and we encourage candidates from all backgrounds to apply.
Details
| Company | Cypress Creek Renewables |
| Location | Durham, North Carolina |
| Type | FULL TIME |
| Niche | Management Occupations |