Director, Asset Diligence and Development Hybrid - US

Director, Asset Diligence and Development

Full Time • Hybrid - US
Benefits:
  • 401(k)
  • 401(k) matching
  • Bonus based on performance
  • Competitive salary
  • Dental insurance
  • Health insurance
  • Paid time off
  • Parental leave
  • Vision insurance
Navisun is seeking an experienced and self-directed development and project execution professional to support and manage the identification, diligence, and commercialization of opportunities that contribute to our aggressive growth goals, specifically around self-development, targeted project/portfolio acquisitions, co-development, and other strategic partnerships. Under ownership by a large Canadian pension fund (OMERS), we have a tremendous, sustained appetite for growth and a strategic imperative to build a pipeline that we will own for decades. Given the long view of our owners, Navisun offers an opportunity to join a strong, well-supported team to build an exceptional career and a valuable and sustainable future!

Company Background:

Founded in 2017, Navisun LLC is a solar and storage independent power producer within the United States that co-develops, develops, acquires, builds, owns, and operates distributed and small utility-scale solar and energy storage projects. The Navisun team has completed numerous projects for municipal, commercial, utility, and institutional partners throughout the United States, with typical project sizes ranging from 3 to 30 megawatts. In January 2022, OMERS acquired Navisun to serve as OMERS’ distributed scale solar and storage platform and to complement prior investments in the renewable energy sector. 

The company now currently owns over 100MW’s of distributed generation and targets the addition of 100+ MW annually and 1+ GW over 5-7 years, through a mix of organic and inorganic growth initiatives. Navisun is poised for significant expansion with its strong pipeline, co-development partnerships, the continued pursuit of opportunistic acquisitions, and a committed owner in OMERS.

OMERS Infrastructure, based out of New York City, is an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with $127 billion in net assets (as of June 30, 2023). Headquartered in Toronto, OMERS also has offices in New York, London, Singapore, Sydney and other major cities across North America and originates and manages a diversified portfolio of high-quality investments in public markets, infrastructure, real estate and private equity. A long-term and patient owner, OMERS is committed to investing in the energy transition globally.

Responsibilities:

 The Director, Asset Diligence & Development is responsible for contributing, from project identification through to NTP, to the evaluation and screening of potential self-development, co-development, acquisition and other investment opportunities, specifically by assessing “fit” with overall strategy, identifying and mitigating transaction risks, and assessing partners’ capabilities and projects. This role will interface with external commercial partners (e.g., solar developers) and serve as a vital link to the key internal teams at Navisun, including legal, procurement, engineering, construction, offtake, and finance. 

Key responsibilities include:

  • Leading the evaluation, diligence, and operational integration of internally and externally sourced projects across the full transaction lifecycle, from initial origination to transaction closing to Notice to Proceed
  • Serve as a single point of deal continuity of transaction process, deal status, and changes/exceptions to all necessary stakeholders, including the BD Team, Senior Management, and the Commercial (Investment) Committee/Board
  • Lead due diligence process, including the identification and communication of key tasks, priorities, and risks both internally and externally
  • Collaborative cross-team coordination of specific due diligence tasks, leading as a project manager and facilitator of necessary discussions across individual business units and subject matter experts
  • Unbiased review and screening of potential transactions to evaluate strategic fit, economic value, and external partner qualifications, working collaboratively with the BD Team and others
  • Thorough research of all Navisun markets, transactions, and projects to serve as subject matter expert on all regulatory, policy, and program requirements and risks specific to each
  • Objective assessment of transaction risks, along with associated mitigation plans where applicable, as well as presentation to Commercial Committee and Board at the appropriate “stage gates” across the project life
  • Successful project management of both individual projects and portfolio transactions, to ensure that all key internal and external tasks are being completed in-line with project requirements and internal underwriting 
  • Management of external experts and other third-party consultants contributing to project diligence, including effective consolidation and communication of external communications to relevant parties
  • Post-execution management of individual transactions, to ensure that all necessary conditions precedent, milestones, and other legal and commercial requirements are being followed, both by partners and Navisun
  • Occasional travel, where required to support specific transactions or advance commercial relationships, as well as periodic travel to meet with others at Navisun and/or OMERS as part of process and platform growth
Qualifications:

  • 5 - 10 years of solar/storage industry experience, with a successful track record in DG project finance, project development and/or commercially engaged consulting or similar roles, with an emphasis on leading complex transactions to Closing and commercialization
  • Ability to work across and with multiple teams to drive business execution and performance
  • Demonstrated understanding of the DG development process, risks at each stage, and strategies to mitigate/minimize them in a commercially effective manner
  • Exceptional project management skills, with an ability to propose solutions in dynamic situations, and familiarity with one or more project management techniques 
  • Strong ability to track and drive multiple parallel projects and priorities 
  • Excellent oral and written communication skills, including presentation skills to a variety of external partners and internal parties (team, senior management, Board) 
  • Ability to travel as needed (expected 25% of time)
  • Strong skills in project planning software and platforms (e.g. Smartsheets, Microsoft Project, etc.) and Microsoft Office software

Flexible work from home options available.





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Perks & Benefits

Generous PTO and Paid Holidays
Competitive Salary + Target Bonuses
Casual and Hybrid Work Environment
401k with Company Contribution
Flexible Spending Account
Dependent Care Reimbursement
Insurance
Health, Vision, Dental, Basic Life Insurance, Short-Term Disability, and Long-Term Disability are paid by Navisun, LLC