Crux (cruxclimate.com Logo

Crux (cruxclimate.com

Senior Principal, Investments (Tax & Preferred Equity)

Posted 14 Days Ago
Be an Early Applicant
Remote
Hiring Remotely in US
300K-500K Annually
Senior level
Remote
Hiring Remotely in US
300K-500K Annually
Senior level
Lead tax equity and preferred equity investments from term sheet through closing, including transaction structuring, risk analysis, modeling, negotiations, documentation, and Investment Committee presentations. Serve as technical authority on partnership structures, tax issues, and capital account basis. Mentor junior team members, support institutional infrastructure, collaborate with Legal, Tax, and Risk, and promote AI-enabled workflows across clean energy investment processes.
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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

Crux's Investments team manages the full lifecycle of the firm's tax equity and preferred equity activity, including hybrids thereof — origination, execution, and long-term portfolio stewardship. The Senior Principal, Investments leads transaction execution day-to-day, works closely with senior colleagues on the most complex structures, and grows into leading negotiations and IC discussions independently. The seat is execution-led, with involvement in post-close portfolio stewardship.

What you'll do
  • Lead execution of tax equity and preferred equity investments, including hybrids thereof, from term sheet through close.

  • Identify, structure around, price, and document transaction risk to a high standard.

  • Serve as the team's technical authority on partnership structures and tax and capital account basis issues, and help more junior colleagues resolve the difficult, deal-specific issues on their transactions before they escalate.

  • Prepare and present opportunities to the Investment Committee (IC), both for screening and for final investment decisioning.

  • Lead negotiations with sponsors and capital partners, including new and difficult counterparties.

  • Review and pressure-test complex partnership and hybrid models, and partner with Legal, Tax, and Risk on key issues and IRS compliance.

  • Help build the institutional infrastructure that lets capital partners underwrite Crux as a GP.

  • Mentor the team and push adoption of AI-enabled workflows across the deal lifecycle.

What makes this opportunity distinctive
  • Lead the most complex transactions on a team that pairs clean energy finance expertise with a genuinely AI-forward toolset.

  • Shape how Crux presents itself to capital partners as an institutional-grade GP.

  • High ownership and high growth, with a remote-first, mission-driven culture and competitive compensation.

What you bring
  • Bachelor's degree in Finance, Accounting, Economics, Environmental Studies or a related field; MBA or advanced degree a plus.

  • 10-12+ years in renewable energy, structured finance, or infrastructure investing, with direct experience leading tax equity transactions, including hybrids thereof.

  • Command of partnership structures and tax and capital account basis issues (DROs, basis, allocations, safe harbor, recapture).

  • Breadth across core technologies (solar, wind, storage); exposure to emerging categories.

  • Excellent risk judgment — identifying, structuring around, pricing, and documenting risk.

  • Ability to lead and negotiate transaction documents (partnership flips, T-flips, preferred equity; sale-leaseback a plus).

  • Strong modeling skills and the ability to review and pressure-test complex partnership and hybrid models.

  • Tenacity, persistence, and ownership, with genuine energy for the work and the mission.

  • Ability to be the senior person in the room — leading IC discussions, guiding a team, and resolving hard questions independently.

  • Excellent communication, negotiation, and relationship management skills.

  • A track record credible enough to stand up in capital-partner diligence on Crux as a GP.

  • Strong capabilities in — or a fast track record of adopting — technology and AI.

  • Prior experience at a bank (particularly in project finance, structured products, or a leveraged finance group) or developer/sponsor is a strong plus.

  • Willingness to travel up to 25% of the time.

  • FINRA SIE, Series 79, and 63, or willingness to obtain them 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.

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