Project Finance Specialist
ON.energy
Salary undisclosed
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Description
ON.energy is setting the standard for large load interconnection. ON’s patented AI UPS™ is a medium-voltage UPS that serves as a firewall, protecting the data center from the grid, and the grid from the data center. With multiple gigawatts currently under construction, we are enabling grid-safe data centers.
The Project Finance Specialist/Chief of Staff to the CIO is a deal-first role. You will work directly with ON.energy's Chief Investment Officer, who owns capital formation and deployment for the company: topco equity and debt, project finance, tax equity and credit transfers, and the financing structures behind our AI UPS-as-a-Service offering for neocloud and hyperscale customers.
Roughly 70% of your time is deal execution: building models, running financing processes, and negotiating alongside the CIO with a specific focus on Project Finance of ON.energy’s proprietary AI.UPS technology. The other 30% is running the Office of the CIO: setting priorities, preparing board and investor materials, and driving follow-through across Finance, Legal, Commercial, and Engineering.
This is a seat at the center of how ON.energy funds a multi-gigawatt build-out. You will see every major capital decision the company makes, and you will be expected to help shape them.
Location and Travel
- Location: Miami, Florida. New York will be considered, and remote may be considered for an exceptional candidate.
- Travel: Approximately 25%, including project sites in Texas, investor and lender meetings in New York, and customer meetings with hyperscale and neocloud partners.
What You'll Do
- Support the CIO across all capital raise activity (equity, venture debt, credit facilities, structured capital): investor targeting, data rooms, models, materials, and diligence management.
- Specific focus on structuring and executing project-level financings for AI UPS assets in ERCOT and other U.S. markets, including construction, term, and back-leverage facilities.
- Design and finance AI UPS-as-a-Service: build the contract and capital structures (leases, energy-as-a-service, SPVs, asset-backed facilities) that let neocloud and hyperscale customers procure our systems off balance sheet.
- Monetize tax credits, including §48E ITC, domestic content and energy community adders, §6418 transferability, and tax equity, working with the Tax team and outside advisors.
- Own financial models built together with our analytics team for project lenders, project returns, and as-a-service pricing. Pressure-test assumptions on cost of capital, counterparty credit, and residual value.
- Negotiate term sheets, credit agreements, and customer contracts alongside the CIO, Legal, and outside counsel.
- Build and maintain relationships with banks, infrastructure funds, private credit, tax credit buyers, and the capital and infrastructure teams at hyperscalers and neoclouds.
- Run the CIO's operating cadence: priorities, pipeline tracking, and weekly deal reviews.
- Prepare board, investment committee, and investor update materials.
- Act as the CIO's proxy in cross-functional work with Finance, Legal, Commercial, and Engineering to keep deals moving.
- Track capital markets, digital infrastructure financing trends, and tax credit policy, and turn them into concrete recommendations.
- Take on special projects as the CIO's mandate evolves, including strategic partnerships and M&A.
What You Bring
Requirements
- 4–7 years of experience in infrastructure, energy, or data center financing, from private equity, investment banking, infrastructure or venture capital, project finance, or a digital infrastructure developer or operator.
- Hands-on execution of closed transactions: capital raises, project financings, or structured credit. You have built the model and sat at the negotiating table.
- Expert financial modeling: project finance, levered returns, debt sizing, and waterfall structures.
- Working knowledge of energy tax credits (§48E, §6418 transferability, tax equity) and how they shape capital structure.
- Understanding of data center and digital infrastructure economics, including colocation, powered shell, and lease structures.
- Clear, concise written and verbal communication. You can turn a complex structure into a one-page memo for a board.
- Bachelor's degree in finance, economics, engineering, or a related field.
Preferred
- Existing relationships with lenders, infrastructure funds, tax credit buyers, or hyperscaler and neocloud infrastructure teams.
- Experience structuring equipment-as-a-service, leasing, or other off-balance-sheet solutions for large customers.
- Exposure to ERCOT or other U.S. power markets and battery storage revenue models.
- MBA, CFA, or equivalent.
- Fluency in Spanish is a plus.
For US-based roles - What you’ll get:
- Competitive salary + annual performance-based bonus eligibility
- Medical, dental, and vision insurance
- 401(k) with company match
- Paid time off and company holidays
For Mexico-based roles - What you’ll get:
- Competitive salary + annual performance bonus eligibility
- Christmas Bonus (Aguinaldo): 30 days
- Major medical expenses and life insurance
- Paid time off and holidays (per local policy)
For all roles:
- Professional development and growth opportunities
- Opportunity to grow with a mission-driven team shaping the future of clean energy
- Equal Opportunity: ON.energy is committed to equal employment opportunity and to maintaining a work environment free of harassment, discrimination, or retaliation.
- Benefits vary by role and location and are subject to change.
Agency Notice: ON.energy does not accept unsolicited resumes from staffing agencies, search firms, or third-party recruiters. Resumes submitted without a fully executed Master Services Agreement (MSA) and a written request from an authorized member of our Talent Acquisition team will be considered the property of ON.energy. No placement fees or compensation will be paid for unsolicited candidate submissions.
Benefits
- health insurance
- vision insurance
- 401(k)
- paid time off
- stock options
- life insurance
- professional development
- bonus
About this role
ON.energy is building the financing infrastructure for grid-scale data centers powered by its proprietary AI UPS technology, and this role puts you at the center of that capital strategy. You'll spend roughly 70% of your time executing deals—building financial models, structuring project-level financings for AI UPS assets, designing off-balance-sheet service offerings for hyperscalers, and negotiating term sheets and credit agreements alongside the Chief Investment Officer. The remaining 30% involves running the CIO's office: managing deal pipelines, preparing board materials, and coordinating across Finance, Legal, Commercial, and Engineering to keep capital deployment moving.
This is a contract position based in Miami (remote possible for exceptional candidates) that requires 4–7 years of hands-on transaction experience in infrastructure, energy, or data center financing. You need to be comfortable building complex financial models, understand energy tax credits and how they reshape capital structure, and have negotiated real deals from start to close. Existing relationships with lenders, infrastructure funds, or hyperscaler teams are valuable; experience with equipment-as-a-service structures or ERCOT power markets is a plus.
The role demands someone who can move fluidly between deep technical work—modeling project returns, pressure-testing cost-of-capital assumptions, monetizing tax credits—and strategic communication with boards and investors. Expect roughly 25% travel to project sites in Texas, capital markets meetings in New York, and customer engagements. This suits someone who thrives on deal complexity and wants direct visibility into how a capital-intensive infrastructure company funds a multi-gigawatt build-out.
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Pay for this role
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