Crux (cruxclimate.com Logo

Crux (cruxclimate.com

Senior Principal, Business Management - Debt

Posted 2 Days Ago
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Remote
Hiring Remotely in US
300K-500K Annually
Senior level
Remote
Hiring Remotely in US
300K-500K Annually
Senior level
Leads renewable-energy debt transactions from initial indication of interest through closing, including structuring, lender diligence, negotiation, documentation, credit memos, pricing, and committee presentations. Owns transaction velocity and revenue targets, mentors deal teams, develops financing structures and lender programs, and partners with investments, product, engineering, and industry coverage teams. Drives standardized execution processes and AI-enabled modeling while representing the company in industry forums.
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We’re financing the future of energy

Crux is the capital platform for the clean economy. We modernize capital raising and deployment for clean energy and critical infrastructure with solutions across advisory, investments, technology, and intelligence.

Our team of 120+ is composed of experts in energy, tax, finance, government, and technology. We have raised $77 million in capital from some of the best investors, including Andreessen Horowitz, Lowercarbon Capital, New System Ventures, Overture, Ardent Venture Partners, QED, Canapi, and others. These funds are joined by strategic investors including Pattern Energy, Clearway Energy, EDF Renewables, Intersect Power, LS Power, Orsted, Hartree Partners, Liberty Mutual Strategic Ventures, MassMutual Ventures, and OMERS Ventures.

 
An inflection point in American energy and manufacturing

Energy demand is growing for the first time in decades, driving an urgent need for more affordable and reliable electricity. More electricity requires new clean energy infrastructure and strong domestic supply chains for minerals and components — as well as large amounts of capital.

Traditional project financing is opaque, fragmented, and analog. At Crux, we’re changing that. Through unmatched insights and expertise, white-glove service, purpose-built tools, and risk underwriting, we power a more prosperous, clean, and secure energy future.

We are scaling quickly and looking for team members who are eager to combine deep expertise with an AI- and tech-forward mindset.

 
The Opportunity

The Senior Principal, Debt is a senior deal leader on Crux's Debt Business Management team within Capital Solutions. Reporting to the Head of Debt, the Senior Principal leads a book of debt mandates from IOI through close across Crux's three debt motions: debt origination, debt advisory, and debt attached to tax equity and preferred equity structures. The role spans the full range of debt products, including construction, term, and back-leverage facilities, tax equity and credit bridge loans, equipment financing, and green bonds and securitization.

This role requires a passion for the clean energy transition, a builder's mindset, and a commitment to delivering results in a fast-paced, high-growth environment. You thrive on solving complex problems and working collaboratively across teams to drive meaningful impact.

 
What you'll do
  • Lead a book of debt mandates from IOI through close as the primary negotiator and senior execution lead — driving lender diligence, structuring, negotiation, documentation, and close to institutional standards

  • Own transaction velocity and close rates across your deal book, contributing directly to the Debt team's revenue and P&L targets

  • Author credit memos and pricing recommendations and present transactions to Credit Committee, with rigorous analysis of credit quality, structural terms, risks, and mitigants

  • Lead deal teams of junior team members — staffing transactions, reviewing underwriting, diligence, and financial models, and mentoring junior team members on credit and execution

  • Run debt execution with lenders and institutional capital providers inside shared accounts, in partnership with Strategic Bank Capital and Strategic Institutional Capital

  • Partner with Industry Coverage to qualify opportunities early, take clean drivership of execution at IOI, and provide real-time market and financeability feedback that sharpens sourcing

  • Partner with Investments on the TE/preferred-equity attach motion, sourcing and pricing competitive debt within agreed turnarounds to deliver integrated capital solutions for sponsors and investors

  • Lead specific workstreams within the Head of Debt's product agenda — such as new lender programs, financing structures, or term sheet and documentation standards — in partnership with Structuring

  • Help build and standardize repeatable execution processes across debt motions, and drive adoption of AI-enabled modeling and automation across the deal lifecycle

  • Partner with Product and Engineering to define and prioritize transaction tooling that increases deal throughput and execution quality

  • Represent Crux in industry and market dialogues — webinars, whitepapers, and conferences — in coordination with coverage relationship owners

What you bring
  • Bachelor's degree in Finance, Economics, Engineering, or related field; MBA, JD, or advanced degree a plus

  • 10-12+ years of total experience, including 7+ years in renewable energy project finance, infrastructure debt, or structured lending, with a track record of leading construction, term, back-leverage, or debt capital markets transactions as the primary negotiator

  • Deep expertise in project finance debt structures for solar, wind, and storage, including hands-on negotiation of credit agreements, intercreditor arrangements, and the interplay between tax equity and debt

  • Experience preparing and presenting transactions to credit or investment committee, ideally with perspective from both the lender and sponsor/advisory side

  • Experience leading and mentoring deal teams, including reviewing junior team members' underwriting and modeling work

  • Exceptional negotiation and relationship skills with developers, lenders, and investors, and the credibility to lead senior-level conversations

  • Strong judgment and comfort operating with a high degree of autonomy in a fast-scaling environment

  • Strong interest in leveraging technology and AI to improve debt execution

  • FINRA SIE, Series 79 and 63 required or willingness to obtain under Crux's broker-dealer sponsorship

What we bring
  • Backing, traction & brand:

    • We have raised $77 million in capital from some of the best venture and strategic investors, including Andreessen Horowitz, Lowercarbon Capital, New System Ventures, Ardent Venture Partners, Pattern, Clearway, EDFR, Intersect, LS Power, Orsted, Hartree Partners, Liberty Mutual Strategic Ventures, MassMutual Ventures, and OMERS Ventures.

    • $500m debt warehouse facility from Nuveen to invest in clean energy.

    • Have been profitable and are growing exponentially

    • We have closed over 120+ transactions in just the last 2 years, facilitating billions of dollars of capital flowing into renewables projects

  • Culture & working dynamic

    • Remote-first operating model: Work from anywhere in the US and Canada, or work out of our optional offices in DC, NYC, & SF. Optional co-working opportunities with co-workers in, Seattle, Denver, Boston, LA, and beyond.

    • High growth & high ownership culture: We grow quickly by giving extremely talented people a lot of responsibility.

    • Best of financial services & technology: We have brought together a team that are experts in clean energy finance, and the best technologies. Use your expertise while getting to be on the cutting edge of applying AI to your day and your clients’ experience.

    • Regular team offsites: We sustain culture by bringing the entire company together 2 times a year. Individual teams may also meet up more frequently.

  • Benefits

    • Healthcare: We cover 100% of premiums for employees with a variety of plans on Aetna (nationwide) and Kaiser (WA and California) and subsidize 70% for dependents (total as a group), if relevant.

    • Dental & vision: We cover 100% of premiums for employees and 50% for dependents (each), if relevant.

    • Holidays: 10 company holidays per year.

    • Paid time off: 20 days per year.

    • 401k: We support a 401k account but don't have a matching program set up at this time (typical for an early-stage startup).

    • Parental leave: 16 weeks for birthing parents and 12 weeks for non-birthing parents.

  • Compensation:

    • Compensation: $300,000s - $500,000s+, depending on years of exp. & revenue scope, not inclusive of equity value.

    • Stock options in a rapidly growing company.

  • Values

    • Care for each other: We want to work on a team where people support each other - in their growth, in their work, and towards our shared mission. When we do that, we have fun.

    • Build and improve rapidly: We move quickly. To do that, we focus, consistently ask ourselves if we are prioritizing the right things, and execute them as best as possible.

    • Focus unremittingly on customers: Our first obligation is to our customers and partners, and we keep their needs front and center in everything we do.

    • Demonstrate ownership: We are all owners of Crux. This is our team, our company, our product and we show that to each other.

    • Convene a team that reflects the breadth of experiences in the country: We’re building a team with a wide range of backgrounds and a culture where everyone can thrive.

We provide equal employment opportunities to all applicants without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by law.

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