Jupiter Power is an energy infrastructure company focused on the development, construction, and operation of battery energy storage assets in wholesale electricity markets. Formed in 2017, the company is a national leader in energy storage deployment, utilizing its proprietary dispatch optimization applications to support both merchant and contracted structures. Backed by BlackRock’s Diversified Infrastructure business, Jupiter Power has a strategic and established portfolio of nearly 1,400 MW / 2,800 MWh in operations or under construction in the U.S., with a leading pipeline of over 12,000 MW in active development.
We are seeking Manager, Portfolio Management & Project Finance, to join our Finance & Capital Markets/ Portfolio Management team. In this role, you will be responsible for managing project-level financing, lender and tax equity reporting obligations, and complex funding events across the company’s standalone battery storage portfolio.
This role is execution-focused and highly cross-functional, with direct responsibility for Term Conversions, Substantial Completion (SC) fundings, Conditions Precedent (CP) management, and ongoing compliance with debt and tax equity requirements. The role will also play a key part in ensuring a smooth transition of projects from the deal team to the Portfolio Management team by establishing and maintaining a structured hand‑off process.
This role will be based out of our Houston, TX office and is subject to our Company’s return-to-office policy which currently requires a minimum of three days a week in the office.
Key Responsibilities
Portfolio Management & Reporting
- Support ongoing lender and tax equity reporting obligations, including monthly, quarterly, and ad-hoc deliverables.
- Prepare and review compliance certificates, funding notices, Responsible Officer certificates, Minimum Liquidity certificates, DSCR calculations, and other required deliverables.
- Track and manage covenant compliance across multiple project-level and holdco financings.
Fundings, Term Conversions & CP Management
- Lead execution support for Substantial Completion (SC) fundings, Term Conversions, and other financing events.
- Maintain detailed CP trackers across debt and tax equity facilities, coordinating inputs from Legal, Accounting, Asset Management, Engineering, and external advisors.
- Interface directly with lenders, tax equity investors, lender counsel, and independent engineers to drive timely CP satisfaction and funding close.
- Review and reconcile sources and uses, flow‑of‑funds statements, and funding calculations.
Deal‑to‑Portfolio Handoff & Process Management
- Establish and manage a structured hand‑off process for transitioning projects from the deal team to the Portfolio Management team post‑close.
- Ensure key financing assumptions, reporting requirements, covenant obligations, and model mechanics are clearly documented and transferred.
- Coordinate with Origination, Legal, Accounting, and Asset Management to confirm all executed agreements, models, and reporting templates are properly archived and understood.
- Identify and implement process improvements to reduce execution risk during post‑close transitions.
Financial Modeling & Analytics
- Build, review, and maintain project finance models incorporating construction debt, term debt, tax equity structures, cash waterfalls, and reserve mechanics.
- Experience building and maintaining HLBV (Hypothetical Liquidation at Book Value) tracking models for tax equity‑financed projects, including capital account reconciliations, distribution waterfall alignment, and flip‑point monitoring.
- Analyze funding mechanics, interest accruals, cash sweeps, distributions, and post‑funding cash balances.
- Support variance analysis between model outputs and actual cash activity.
Cross‑Functional Coordination
- Act as a key point of coordination between Finance, Legal, Accounting, Asset Management, Development, and Engineering teams.
- Support process improvement initiatives related to reporting templates, CP tracking, document management, and portfolio‑level analytics.
- Assist in mentoring and reviewing work product from analysts supporting the portfolio.
Requirements
- Minimum 5 years of experience in project finance, portfolio management, infrastructure finance, or renewable energy finance.
- Strong understanding of project finance debt and tax equity structures, preferably in renewable energy or battery storage.
- Demonstrated experience supporting SC fundings, term conversions, and complex financings.
- Advanced proficiency in Excel financial modeling, including cash waterfalls, debt sizing, and scenario analysis.
- Familiarity with financing agreements, CP requirements, and lender/tax equity reporting frameworks.
- Strong organizational skills with the ability to manage multiple financings and deadlines simultaneously.
- Excellent written and verbal communication skills; comfortable interacting