Managing Director, Tax Investor Coverage - Underwriter

AI overview

Lead tax credit underwriting initiatives and enhance processes in a rapidly growing team focused on transforming clean energy financing.

We’re supercharging the clean economy

Crux is the capital markets platform changing the way clean energy and manufacturing projects are financed in the U.S. Crux’s platform, market intelligence, and expert team help developers and manufacturers unlock financing through all stages of project development and operation. 

Our team of 85+ 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 20 years, driven by surging manufacturing, transportation, electrification, and data centers. Simultaneously, hundreds of billions of dollars are being invested in domestic supply chains for critical minerals and components. Developers and manufacturers will require trillions of dollars in capital to meet growing needs.

Prior to Crux, the capital markets supporting this transformation was opaque, fragmented, and complex. At Crux, we recognized the missing infrastructure: a central capital markets platform designed specifically for the next century of American energy and industry. By connecting counterparties, providing market intelligence, and streamlining transactions, we unlock faster decision making, lower cost of capital, and accelerated investment.

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

The Opportunity

We are adding a Managing Director, Tax Investor Coverage - Underwriter to our Commercial team to rapidly scale our network of buyers, and execute more transactions.

What you'll do

  • Lead the early review of potential renewable tax credit transactions, assess completeness of the underwriting package.

  • Collaborate with project developers to gather necessary information and documentation.

  • Oversee the production of and evaluate diligence memorandums for clean energy tax credits to ensure compliance with regulations, including eligibility criteria, prevailing wage & apprenticeship requirements, etc.

  • Responsible for maintaining an extensive level of knowledge of transaction structuring, clean energy tax credit industry rules and regulations to inform underwriting decisions.

  • Formulate standard, comprehensive underwriting policies by credit type.

  • Develop and lead initiatives to improve the underwriting process, including leveraging technology and tools, in collaboration with internal teams such as product engineering, legal, marketing

  • Analyze financial, technical and legal documents and project feasibility to determine credit eligibility.

  • Review tax credit insurance policies to ensure adequate risk mitigation.

  • Conduct risk assessments to identify potential issues with credit claims.

  • Prepare detailed reports and recommendations for approval or denial of credits.

  • Contribute to the development of long-term client relationships with tax and finance leaders at the largest F250 tax credit buyers

  • Build net new relationships for Crux through conferences, networking, outreach, our extensive partnerships, and inbound

  • Be a trusted expert in the market by speaking on webinars, on panels at conferences, and more

  • Train and develop underwriting principals and senior managers

What you bring

  • 14+ years of experience in financial services, renewable energy, or comparable experience

  • Renewable energy project finance, banking or Big 4 background preferred

  • Strong understanding of the Inflation Reduction Act, related IRS tax codes, renewable energy industry, underwriting, and risk management

  • Detail oriented with strong organizational, time management and prioritization skills

  • Detailed knowledge of critical aspects of renewable energy project underwriting, including equipment and performance review as well as a baseline understanding of U.S. energy markets including regulatory structures, physical and synthetic forms of power agreements and derivatives, as well as renewables-focused regional incentives.

  • Well-developed analytical skills which includes the ability to simplify and distill complex problems and issues.

  • Effective listener and advanced communication skills, both oral and written.

  • Project management experience, desire to build out a new initiative, lead a team at a growing company

  • Team-oriented, ability to collaborate across multiple internal and external groups, spanning both commercial teams and technology teams

  • Unrivaled relationship building skills; you build trust quickly and communicate clearly

  • Excited about the idea of a rapid-growth environment with a lot of autonomy, flexibility

  • You’re not afraid to roll-up your sleeves and build things yourself

  • Willing to travel, 25%

  • Contribute to and help build team culture

  • 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.

    • Have been profitable and are growing exponentially

    • We have closed over 130+ 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 (open), NYC (opening Q1’26). Optional co-working opportunities with co-workers in Bay Area, 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 3 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:

    • Total cash compensation: $500,000s - $700,000s, depending on years of exp. & revenue scope, not inclusive of equity value.

    • Opportunity to exceed bonus targets based on team and individual performance.

    • Stock options in a rapidly growing company.

Our 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.

Perks & Benefits Extracted with AI

  • Health Insurance: 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.
  • Paid Parental Leave: 16 weeks for birthing parents and 12 weeks for non-birthing parents.
  • Paid Time Off: 20 days per year.
Salary
$500,000 – $700,000 per year
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