Investment Associate, Project Finance

Job Description

We are seeking a talented and highly motivated Associate to join 38DN’s Project Finance & Capital Markets team. The team leads capital planning and financing for 38DN’s portfolio from Notice to Proceed through handover to Asset Management, including construction and term debt, tax equity, and project closings. The Associate will take a leading role across the full transaction scope, from modeling and due diligence through closing and post-close
facility management, while helping mentor the team’s Analysts.

This position is ideal for finance professionals inspired by the opportunity to deepen their experience in renewable energy transactions, financial modeling, and capital provider management in a fast-paced, entrepreneurial environment. The Associate will work directly with 38DN’s key partners, including tax equity investors, lenders, project development partners, and external asset management contractors, and will interface with 38DN’s leadership team as well as the Development, M&A, EPC, and Asset Management teams.

Responsibilities

Build, refine, and audit project finance models for a range of transaction structures, including tax equity and construction and term debt.
Lead due diligence and closing processes, organizing and presenting project data to financing partners and tracking conditions precedent through closing.
Interface directly with financing counterparties and their advisors to drive processes forward and ensure project finance facilities are efficiently managed.
Own day-to-day management of existing financings, including reporting, draw requests, model updates, and project closings.
Manage construction loan draws and milestone-based debt and tax equity fundings through project completion.
Allocate and oversee workstreams across PF Analysts, and mentor and train Analysts on modeling, diligence, and transaction processes.
Help build standardized templates and processes across the transaction lifecycle, including financial models, diligence and closing materials, and Board and investment committee materials.
Support strategic business objectives and ad-hoc strategic projects as 38DN continues to scale.
Collaborate closely with Development, Portfolio Management, EPC, and Asset Management teams.

Qualifications

3-6 years of renewable energy and/or finance experience; investment banking, project finance, or private equity experience is a plus.
Bachelor’s degree required; MBA or advanced degree is a plus but not required.
Experience with tax equity and project finance debt modeling and transactions.
Strong financial modeling and valuation capabilities.
Demonstrated ability to manage deal processes, including due diligence management and counterparty
coordination.
Working understanding of renewable energy project development and construction.
Strong passion for renewable energy.
Self-motivated, with a high level of initiative and accountability.
Organized, diligent, and able to track and manage multiple streams of information on an ongoing basis.
Commercial awareness and composure in live transactions.
Ability to work accurately under pressure, meet deadlines, and seek out additional responsibility.
Excellent verbal, written, PowerPoint, and interpersonal communication skills.
Collaborative spirit, a good sense of humor, and a driven, mission-oriented approach.

Benefits

Competitive salary and performance-based cash bonuses
Participation in our employee incentive plan
Safe Harbor 401(k) savings plan and Cash Balance Plan
Medical, long-term disability, vision & dental plans available
Professional development opportunities

Location

Sausalito, CA in office preferred, remote considered.

To Apply

Applicants are highly encouraged to submit a resume and brief description of why the role interests them to rmacdonald@38degreesn.com,

rcarlson@38degreesn.com, or info@degreesn.com.

Analyst or Associate, Corporate & Strategic Finance

Job Description

We are seeking a talented and highly motivated Analyst or Associate to join 38DN’s Corporate & Strategic Finance team. The role will be central to corporate stakeholder reporting, corporate debt management, cash forecasting and FP&A, and corporate modeling. The position is focused at the platform level, including 38DN’s holdco debt facility, Board and investor reporting, and company-wide planning, and works alongside the Project Finance team, which manages project-level debt and tax equity. Title will be determined by experience.

This position is ideal for candidates with a corporate finance, project finance, or otherwise quantitative background who want broad exposure to how a growing renewable energy platform is financed and managed, and who are energized by entrepreneurial environments. The role will interface directly with 38DN’s leadership team, as well as the Accounting, Project Finance, M&A, Development, EPC, and Asset Management teams.

Responsibilities

Maintain, update, and improve the company’s corporate and equity models, building structure and process around updates and running scenario analyses.
Support management of the company’s holdco credit facility and other corporate debt, including modeling, lender reporting, draw requests, and cash management.
Support preparation of Board of Directors meeting materials and quarterly investor reporting, and manage investor information requests.
Co-lead the weekly cash flow forecast with the Accounting team, coordinating updates with Project Finance, M&A, Greenfield Development, and other teams across the organization.
Maintain Salesforce execution reports and dashboards, including project milestone tracking; prepare materials and track action items from project execution meetings.
Support strategic business objectives and ad-hoc strategic projects as 38DN continues to scale.
Collaborate closely with Development, Portfolio Management, EPC, and Asset Management teams.

Qualifications

2-5 years of renewable energy and/or finance experience (corporate finance, FP&A, project finance, investment banking, or private equity).
Bachelor’s degree in finance, economics, engineering, or a related quantitative field.
Strong passion for, and ideally experience in, renewable energy, sustainable infrastructure, and/or climate tech.
Strong financial modeling skills in Excel, including experience maintaining large, integrated models.
Familiarity with credit agreements, covenant compliance, or lender reporting is a plus.
Working understanding of renewable energy project development and construction.
Experience with Salesforce or similar reporting tools is a plus.
Self-motivated, with a high level of initiative and accountability.
Organized, diligent, and able to work under pressure while tracking and managing multiple streams of information.
Excellent verbal, written, PowerPoint, and interpersonal communication skills.
Collaborative spirit, a good sense of humor, and a driven, mission-oriented approach.

Benefits

Competitive salary and performance-based cash bonuses
Participation in our employee incentive plan
Safe Harbor 401(k) savings plan and Cash Balance Plan
Medical, long-term disability, vision & dental plans available
Professional development opportunities

Location

Sausalito, CA in office preferred, remote considered.

To Apply

Applicants are highly encouraged to submit a resume and brief description of why the role interests them to bcaderbeutel@38degreesn.com or info@38degreesn.com.

Analyst or Associate, Asset Management

Job Description

We are seeking a proactive, self-driven Analyst or Associate with technical, financial, and/or commercial experience in the renewable energy sector or related fields to join 38DN’s Asset Management team. The role will support management of 38DN’s growing portfolio of operating solar and battery storage assets, including performance analysis, operational and investor reporting, cash management, and oversight of O&M and community solar customer management providers. Title will be determined by experience.

This position is ideal for candidates with direct experience managing operating solar assets who want to help build and scale the asset management function within a growing, entrepreneurial platform, and who are comfortable working in a less structured environment and building the tools and processes they need rather than waiting for them. The role will interface directly with 38DN’s leadership team, as well as the Development, EPC, Project Finance, and Corporate Finance teams, and with lenders, investors, and third-party service providers.

Responsibilities

Support management of a portfolio of operating solar and battery storage assets, working closely with the broader 38DN team.
Review technical and financial performance of assets against plan, identifying key variance drivers and seeking out opportunities to optimize performance.
Prepare operational reporting for company management, investors, lenders, and other parties, and support monthly operations reviews.
Take ownership of financial models that track investment performance and returns.
Lead regular project cash management, including payments, debt service, and distributions.
Interface with operations and maintenance contractors to ensure equipment issues are addressed in a timely manner and preventive maintenance is performed.
Interface with community solar customer management firms to monitor performance, enforce contractual obligations, and maximize revenue.
Manage third-party asset management consultants supporting the portfolio, where applicable.
Populate and manage the contractual compliance database and ensure all related obligations are met on schedule.
Onboard new projects into the asset management function in coordination with the Development, EPC, and Project Finance teams.
Support annual budgeting, forecasting, and insurance renewal efforts for the portfolio.
Support asset management workstreams for new investment opportunities.
Collaborate with team members to develop best-in-class asset management processes, systems, and procedures as the portfolio scales.

Qualifications

1-4+ years of experience at a renewable energy developer, owner, operator, or investor, a related consulting firm, or another related business.
Bachelor’s degree in engineering, finance, accounting, or a related discipline; advanced degree is a plus.
Experience in one or more of the following, preferably in the context of operating renewable energy assets: asset management, operations and maintenance, engineering, project finance, project contracts, accounting, project development, construction, or data analysis.
Battery storage and/or community solar experience is a plus.
Ability to connect technical, operational, contractual, and financial factors to make good decisions and explain outcomes.
Intellectual agility and curiosity, with a strong analytical orientation.
Active user of AI tools, with an interest in applying them to asset management workflows such as analysis, contract review, and reporting.
An extremely high level of attention to detail.
Capable of building trust and fostering positive working relationships inside the company and with third parties.
Well-organized, vigilant, and competent in juggling multiple projects and priorities.
Proficient in working under pressure, adhering to deadlines, producing accurate results, and embracing additional responsibilities proactively.
Outstanding communication abilities, both written and verbal.
Collaborative spirit, a good sense of humor, and a driven, mission-oriented approach.

Benefits

Competitive salary and performance-based cash bonuses
Participation in our employee incentive plan
Safe Harbor 401(k) savings plan and Cash Balance Plan
Medical, long-term disability, vision & dental plans available
Professional development opportunities

Location

Sausalito, CA in office, and remote considered.

To Apply

Applicants are highly encouraged to submit a resume and brief description of why the role interests them to svandam@38degreesn.com or info@38degreesn.com .

Vice President, Development

Job Description

We are seeking a talented and experienced project developer to expand 38 Degrees North's distributed energy pipeline across battery storage, community solar, and behind-the-meter projects. This position is for someone who has carried distributed projects through the development cycle and is excited to apply that experience inside a growing, entrepreneurial platform with established distributed generation and community solar businesses.

The VP of Development will work alongside our existing development, investment, and EPC teams to advance a broad portfolio that spans standalone and solar-paired battery storage, community solar, behind-the-meter (C&I) solar and storage, and emerging virtual power plant and aggregation opportunities across our core markets, including PJM, NYISO, ISO-NE, and MISO. Day to day, the VP will own a portfolio of projects from site identification through Notice to Proceed, including interconnection, permitting, real estate, and offtake. The role is hands-on and execution-focused, and we are looking for someone self-sufficient who can drive projects independently while collaborating closely with the rest of the team.

We are a growing entrepreneurial company, and the VP will have the opportunity to shape how 38DN approaches distributed energy development and work directly with senior leadership on market strategy.

Responsibilities

Originate and screen greenfield opportunities across standalone and solar-paired storage, community solar, and behind-the-meter projects through landowner and host outreach, broker relationships, and partnerships with co-developers and EPCs
Lead site selection and feasibility screening, including hosting capacity review, substation and feeder analysis, surplus interconnection, and behind-the-meter load and tariff analysis
Manage interconnection from study request through executed ISA, working with utilities and ISOs on system impact studies, facilities studies, and network upgrade negotiation across both distribution-level and transmission-level queues
Drive permitting and AHJ engagement, including zoning, special use, site plan, and NFPA 855 fire code review
Support revenue contracting and program awards, including community solar enrollment, state storage RFPs, VDER and net metering, capacity market participation, and tolling, ancillary services, or aggregation arrangements, in coordination with the investment team
Coordinate with the investment team on project economics across technologies, including storage duration and augmentation, solar production, and behind-the-meter savings and resiliency value
Manage external consultants across engineering, environmental, title, survey, and legal workstreams
Prepare development artifacts that support tax equity and debt diligence, in coordination with the capital markets team
Hand off Ready-to-Build projects to EPC and construction with complete diligence packages
Track regulatory and market developments, including FERC orders such as Order 2222 on distributed energy aggregation, ISO queue reform, state storage and community solar targets, ITC adders, and grandfathering rules, and surface implications for the pipeline
Collaborate closely with development, investment, EPC, and asset management team members
Represent 38DN at industry conferences, regulatory proceedings, and counterparty meetings

Qualifications

8+ years of experience in renewable energy project development, with meaningful experience across distributed energy resources such as battery storage, community solar, or behind-the-meter generation
Demonstrated track record advancing distributed generation and storage projects through the development cycle, ideally across multiple ISO or utility jurisdictions
Strong technical fluency in one or more of storage, solar PV, and behind-the-meter systems, with the ability to evaluate spec sheets, warranties, augmentation plans, and EPC scopes
Working familiarity with interconnection processes in at least two of PJM, NYISO, ISO-NE, and MISO, including distribution-level interconnection, queue reform mechanics, and capacity rights
Working knowledge of state distributed energy programs and revenue structures relevant to our markets, such as NY VDER, Community Distributed Generation, and Index Storage, NJ SEP and Community Solar, MA SMART and CES, and PJM capacity and aggregation
Experience negotiating land and site agreements, ISAs, EPC contracts, and offtake, subscription, or tolling arrangements
Solid understanding of distributed project economics, cost drivers, and development-stage risk management
Experience managing permitting and AHJ engagement across multiple jurisdictions, including NFPA 855 fire code compliance
Self-motivated and self-sufficient, with the ability to drive projects independently while working effectively as part of a team
Excellent verbal, written, presentation, and interpersonal communication skills
Ability to manage multiple workstreams under deadline pressure
Bachelor's degree required; technical degree or advanced degree is a plus
Willingness to travel as needed for site visits, AHJ meetings, conferences, and counterparty engagement
Virtual power plant, aggregation, and behind-the-meter C&I experience is a plus
Existing relationships with utilities, ISOs, capacity market participants, community solar administrators, and storage offtakers are a plus
Team player, sense of humor, and mission-driven mindset

Benefits

Competitive salary and performance-based cash bonuses
Participation in our employee incentive plan
Safe Harbor 401(k) savings plan and Cash Balance Plan
Medical, long-term disability, vision & dental plans available
Professional development opportunities

Location

This is a hybrid position. Our preference is a candidate who can work out of our Latham, NY or Sausalito, CA office, though we are open to considering other remote work arrangements for the right person.

To Apply

Applicants are highly encouraged to submit a resume and brief description of why the role interests them to mfingar@38degreesn.com,

thockin@38degreesn.com, or info@38degreesn.com.

VP or Director, M&A

Job Description

We are seeking a proactive, self-driven leader to manage M&A activities as 38 Degrees North continues to grow its pipeline and expand into new markets. The role’s primary focus will be to lead asset purchase agreement negotiations, acquisition due diligence, and valuation and sensitivity analysis. The role will also be responsible for managing projects from MIPA Closing to NTP in coordination with the seller and 38DN’s EPC and development teams. 38DN’s M&A team is currently most focused on pre-construction/NTP opportunities, however the role’s scope will also include evaluation of mid-development and operating assets. The ideal candidate has an existing rolodex of DG and community solar developers and experience leading successful transactions.

This position is ideal for transaction and finance professionals who are energized by entrepreneurial environments and are comfortable leading a broad range of responsibilities while providing top-tier commercial and transactional expertise. The role will report to and work closely with the Managing Director of M&A to support high‑quality project origination and closing execution. The position will interface directly with 38DN’s leadership team, as well as the project development, EPC, and project finance teams throughout the full project lifecycle.

Responsibilities

Lead term sheet and purchase/partnership agreement negotiations and execution; lead due diligence, modeling, and all closing activities.
Lead management of purchase/partnership agreements post signing including project acquisitions, milestone payments, and coordination of remaining development, EPC, and financing activities for projects to achieve FNTP.
Own asset/portfolio valuation and 38DN investment return optimization by working closely with 38DN Analysts and Associates on each investment’s financial models.
Manage 38DN deal teams supporting transaction execution, including 38DN Analysts, Associates, and VPs, and external counsel and consultants.
Lead underwriting of new and in process investments by coordinating closely with internal stakeholders (EPC, project finance, asset management) and external consultants.
Lead new opportunity origination through developer relationships, broker relationships, conferences, networking, market research, etc. Track and prioritize live opportunities, including opportunities originated outside of the M&A team.
Product development – design and refine acquisition and partnership structures and valuation tools, including for dev-stage partnerships (JDAs), LNTP acquisitions, IPP asset ownership JVs, operating asset acquisitions, and full company acquisitions.
Track market trends, including competitive landscape and valuation by market and new market opportunities (BESS, non CS, new CS markets, changes to CS rules, etc).

Qualifications

5-10+ years’ experience in renewable energy M&A, project development, project finance, and capital markets; DG and community solar experience
Expert in partnership and acquisition transaction documentation and due diligence
High degree of comfort with renewable energy asset valuation modeling; comfortable working in models used by the team to ensure accuracy and efficiency and brainstorm improvements
Experience with connection between successful asset acquisitions and platform capital design, including corporate investment structures and metrics, and project finance debt and tax equity
Strong rolodex across DG and community solar project developers; track record of successful project acquisitions and developer partnerships
Well-organized, vigilant, and competent in juggling multiple deals
Ability to thrive independently in a fast paced environment
Maturity, leadership, strong relationships in industry
Exceptional analytical skills, with a history of managing financial, technical, and contractual aspects of execution
Proficient in working under pressure, adhering to deadlines, and embracing additional responsibilities proactively
Outstanding communication abilities, both written and verbal
Collaborative spirit, a good sense of humor, and a driven, mission-oriented approach

Benefits

Competitive salary and performance-based cash bonuses
Participation in our employee incentive plan
Safe Harbor 401(k) savings plan and Cash Balance Plan
Medical, long-term disability, vision & dental plans available
Professional development opportunities

Location

Sausalito, CA in office preferred; remote considered.

To Apply

Applicants are highly encouraged to submit a resume and brief description of why the role interests them to jcarney@38degreesn.com or info@38degreesn.com.

Project Manager

Job Description

We are seeking a proactive, self-driven professional experienced in construction of distributed generation solar and battery storage projects at various stages of maturity, including late-stage development, pre-construction/NTP, construction, and close-out. This role is tailored to EPC professionals that are do-ers in addition to managers, excited to operate in an entrepreneurial setting, and comfortable with a breadth of functional responsibilities. The ideal candidate will demonstrate the ability to effectively collaborate with a broad range of external stakeholders, including EPC contractors, equipment suppliers, design and engineering firms, independent engineers, consultants, landowners, utilities, permitting authorities, and other project partners, to drive alignment and successfully advance projects through key milestones. This role will also interface directly with the 38DN leadership team, as well as 38DN’s project development and project finance teams, who will support project engineering and construction until project completion.

Responsibilities

Support the selection process for contractors and equipment vendors, conducting comprehensive due diligence, including assessment of modules, inverters, racking, and medium-voltage equipment.
Administer construction and equipment supply agreements, including management of contract assembly and execution, payment milestones, notices and change orders, safety procedures, commissioning, milestone sign off, and certificate issuance.
Support the 38DN Engineering team’s review of detailed construction drawings prepared by the EPC contractor.
Manage project budgets, construction oversight, and EPC contract milestone payments, including internal reporting and forecasting.
Coordinate on-site inspections and liaise with third-party providers.
Lead weekly project progress meetings and coordinate with construction teams on project quality, budget, and schedule.
Effectively communicate project updates, risks, and issues both within the company and with external partners.
Oversee contractor and partner reporting to continuously inform 38DN’s project schedule forecasts.
Lead post-project process reviews to cultivate continuous improvement and contribute to the evolution of internal operating policies and standards.
Following completion of construction, support handover to 38DN Asset Management.
Collaborate closely with developers, consultants, engineers, and other stakeholders; foster and manage relationships to ensure consistent engagement and alignment with project objectives.
Uphold the company's safety program standards, ensuring all projects comply with established safety protocols.
Travel to project sites, company offsite meetings, conferences, and contractor meetings, as needed.

Qualifications

2-5+ years of experience in solar project engineering, procurement, and construction.
Relevant bachelor's degree.
Experience with contractor, subcontractor, and internal resource oversight and management.
Experience supporting project acquisition and financing due diligence processes, including management of Independent Engineers and other consultants.
Exceptional analytical skills, with a history of managing financial, technical, and contractual aspects of construction projects.
Quick to adapt and eager to grow within a thriving, fast-paced environment.
Well-organized, vigilant, and competent in juggling multiple project details.
Proficient in working under pressure, adhering to deadlines, and embracing additional responsibilities proactively.
Outstanding communication abilities, both written and verbal, with proficiency in preparing detailed reports and presentations.
Collaborative spirit, a good sense of humor, and a driven, mission-oriented approach.

Benefits

Competitive salary and performance-based cash bonuses
Participation in our employee incentive plan
Safe Harbor 401(k) savings plan and Cash Balance Plan
Medical, long-term disability, vision & dental plans available
Professional development opportunities

Location

Sausalito, CA preferred; remote considered.

To Apply

Applicants are highly encouraged to submit a resume and brief description of why the role interests them to nwilliamson@38degreesn.com, or info@38degreesn.com.

Investment Analyst

Job Description

We are seeking a talented and highly motivated individual to support all functions of our investment team. This position is for someone inspired by the opportunity to gain experience in renewable energy transactions, financial modeling, investor management, and new investment origination, while working in a fast-paced entrepreneurial environment.

The Analyst will assist the team in all aspects of working with our key partners, including capital providers (equity, tax equity, and debt), project development partners, and external asset management contractors.

We are a growing entrepreneurial company, and the Analyst will have the opportunity to learn new skills, rapidly develop their career, and earn highly competitive pay.

Responsibilities

Build, refine, and stress-test sophisticated project finance models for various transaction structures, including tax equity and debt.
Organize and present project data to financial partners serving as a primary point of contact during the due diligence process
Develop high-impact marketing materials to assist in capital raising
Support broader business objectives and ad-hoc strategic projects as 38 Degrees North continues to scale
Collaborate closely with Development, EPC and Asset Management team members

Qualifications

Undergraduate degree required; advanced degree a plus
0-3 years of renewable energy and/or finance experience (investment banking, project finance, or private equity is a plus)
Demonstrated interest in renewable energy and/or sustainability
Excellent financial modeling and valuation capabilities
Working understanding of tax equity and project finance debt modeling and transactions, as well as renewable energy project development and construction
Familiarity with due diligence management and counterparty coordination
Fast learner and strong willingness to be trained and developed
Self-motivated with a high level of initiative and accountability
Organized, diligent, and able to track and manage multiple streams of information on an ongoing basis
Commercial awareness and transaction composure
Ability to work accurately under pressure, meet deadlines, and seek out additional responsibility
Excellent verbal, written, power point, and interpersonal communication skills
Team player, sense of humor, and mission-driven mindset

Benefits

Competitive salary and performance-based cash bonuses
Participation in our employee incentive plan
Safe Harbor 401(k) savings plan and Cash Balance Plan
Medical, long-term disability, vision & dental plans available
Professional development opportunities

Applicants are highly encouraged to submit a resume and brief description of why the role interests them to info@38degreesn.com.