[Hiring] Principal, Investments @Crux

Role Description

Crux's Investments team manages the full lifecycle of the firm's tax equity and preferred equity activity, including hybrids thereof — origination, execution, and long-term portfolio stewardship. The Principal, Investments leads transaction execution day-to-day, works closely with senior colleagues on the most complex structures, and grows into leading negotiations and IC discussions independently. The seat is execution-led, with involvement in post-close portfolio stewardship.

What you'll do:

• Lead execution of tax equity and preferred equity investments, including hybrids thereof, from term sheet through close, with senior support on the most complex points.
• Identify, help structure around, price, and document transaction risk.
• Build and review partnership and hybrid models, and develop a strong point of view on assumptions, sensitivities, and risk cases.
• Prepare opportunities for the Investment Committee (IC), for both screening and final investment decisioning, and present with support.
• Co-lead negotiations with sponsors and capital partners.
• Work with Legal, Tax, and Risk on key issues and IRS compliance.
• Contribute to the team's institutional infrastructure — investment principles, underwriting parameters, and IC process.
• Mentor junior team members and use technology and AI to work more efficiently.

Qualifications

• Bachelor's degree in Finance, Accounting, Economics, Environmental Studies or a related field; MBA or advanced degree a plus.
• 8+ years in renewable energy, structured finance, or infrastructure investing, with direct experience on tax equity transactions; exposure to hybrids thereof and/or preferred equity a strong plus.
• Working command of partnership structures and tax and capital account basis issues (DROs, basis, allocations, safe harbor, recapture).
• Breadth across core technologies (solar, wind, storage); exposure to emerging categories.
• Strong risk judgment — identifying, structuring around, pricing, and documenting risk.
• Ability to negotiate transaction documents (partnership flips, T-flips, preferred equity; sale-leaseback a plus).
• Strong modeling skills across partnership and hybrid structures.
• Tenacity, persistence, and ownership, with genuine energy for the work and the mission.
• Excellent communication, negotiation, and relationship management skills.
• Proven ability to manage multiple transactions simultaneously in a fast-paced environment.
• Strong capabilities in — or a clear desire to rapidly advance — technology and AI.
• Prior experience at a bank (particularly in project finance, structured products, or a leveraged finance group) or developer/sponsor is a strong plus.
• Willingness to travel up to 25% of the time.
• FINRA SIE, Series 79, and 63, or willingness to obtain them under Crux's broker-dealer sponsorship.

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: $300,000s - $500,000s, depending on years of experience & revenue scope, not inclusive of equity value.
• Stock options in a rapidly growing company.