Careers

Overview

MN8 is looking for a Due Diligence Manager with a long-term operating mindset. Bringing the organizations’ philosophy of excelling as long-term operators to the deal by having a deep understanding of downstream team’s standards and criteria.

Responsibilities

• Inform the Investment Committee (IC) about an opportunities’ risks and mitigations, empowering the IC to make as informed a decision as possible on the proposed investment. 
• Perform & manage opportunity Due Diligence (DD) 
  • Leverage DD Lessons Learned as one of the pillars to plan DD. 
  • Propose advisor selection, scope, budget and timing for technical DD. 
  • Manage advisors for technical DD and coordinate with advisors across the board to identify risks and mitigations. 
  • Schedule DD – identify/estimate key dates and outside dates. 
  • Ensure Legal review is complete. 
  • Perform review of/ensure main contracts have been reviewed e.g. EPC, O&M, AM, BESA, MSA etc. 
  • Review impact on Investment Tax Credit (ITC) if applicable. 
  • Coordinate/perform site visits if applicable. 
  • In addition, depending on stage review:  
    • Dev: 
      • Permitting status and compliance 
      • Land acquisition status and compliance 
      • IX status and compliance 
      • Development Services Agreement (DSA) review 
    • Ready to Build: 
      • Permitting status and compliance 
      • Land acquisition status and compliance 
      • IX status and compliance 
      • DSA review 
      • Equipment selection/replacement 
      • EPC strategy 
      • Procurement strategy 
    • Ops: 
      • Performance data 
      • System site visit coordination 
      • Warranty claims 
      • Historical operating expense review 
• Provide key modelling inputs for the base case and suggest sensitivities/scenarios where applicable: 
  • Project costs and basis for internal budgets: 
    • DevEx: Internal and External adjusted to the portfolio’s stage 
    • CapEx: Build costs + other ancillary costs; or repair/refurbishment budget, informing or consulting with relevant internal teams.  
    • OpEx: Propose Opex and discuss with the O&M/AM team leveraging internal tools and knowledge. 
  • For Dev deals: project sizes (based on site/technical DD i.e. buildable acres) 
  • Yield: 
    • Energy Production Estimate results after providing key project information and guidance to external or internal modelers. 
    • and/or historical data review. 
  • Useful life review and feedback 
• Influence and shape the deal to mitigate/minimize risks through the following: 
  • Deal timing influence – proposing timing extensions or identifying and communicating the increased risk of tight turnarounds. 
  • Deal DD budgeting – Understand the transaction structure and potential key risks to, with the deal team, provide a DD budget per deal stage to the IC and hold to it.  
  • MIPA/PSA, DSA terms negotiation –  highlight risks mitigate through transaction best practices and/or creative structuring leveraging the key transaction documents. Negotiate transition terms and services if applicable. 
  • Deal format suggestion/change if required in collaboration with the deal team. 
  • Bring your structuring skills and industry knowledge actively to the deal to contextualize it based on available and non-available information for the firm to process smoothly and accurately. 
• Post-deal – own and drive the handoff process: 
  • Enabling all work downstream of DD to build on the knowledge acquired through DD 
  • Providing project/portfolio: 
    • Obligations:  
      • Compliance with existing agreements or requirements e.g. site control; permits; EPCA etc; and  
      • A smooth onboarding/internalization capturing the status of a given project 
    • IC Budgets  
    • Project Schedule  
    • Smartsheet matrices 
    • Vaulted VDR 
  • Capture Lessons Learned 
• Reporting DD status of multiple portfolios concurrently across different stages and technologies. 
• Develop and optimize processes and procedures for streamlining the DD process. 
• Support the development and improvement of the GSRP management platform particularly as it pertains to due diligence and technical matters. 

Requirements

• 5 years of experience in solar industry with good understanding of solar project technical characteristics 
• Experience with battery storage and other technologies in the clean tech space highly valued 
• Engineering or Business BSc Degree required; Masters preferred 
• Working knowledge of key renewable energy document types: engineering, accounting, tax, agreements, permits 
• Proficient in: Excel, Word, Smartsheet 
• Experience with various VDR interfaces (Box, Firmex, Intralinks, Merril DataSite One, etc) 
• Very organized and able to multitask effectively 
• Good communicator both written and verbal skill 
• Demonstrated ability to problem solve and determination to complete difficult projects. 
• Demonstrated ability to improve processes and create efficiencies. 
• Highly developed sense of professional ethics. 
• Ability to work both on a team as well as independently. 
• Ability to communicate effectively with tact and diplomacy. 
• Commitment to quality.