Project Finance Specialist

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.