Credit Associate / Renewable Energy Finance

Solar in the United States is an exciting, accelerating industry. In 2021, over halfof all new electricity-generating capacity was solar. Homeowners and really large businesses are increasingly installing solar, but we need to make it easier for small and medium sized businesses to do the same.

Sunstone Credit is working to grow this significantly underserved segment in the solar industry by offering financing solutions that democratize access to renewable energy solutions for businesses. With unique capital and proprietary technology, Sunstone provides simple and efficient financing that solar installers use to help businesses acquire and deploy their solar system.

We partner with best-in-class renewable energy developers across the country and help them grow and develop new customers and markets. By providing solar loans to businesses, we help these companies control their energy costs, contribute to meeting climate goals and ensure our entire economy is benefiting from clean, distributed electricity generation.

About You

• You are a smart, accomplished, hard-working professional who is passionate about having an impact and building an innovative business
• You are analytically minded and detail oriented
• You have excellent written and interpersonal communication skills and enjoy working in a collaborative team environment
• You have a track recordof success with 2-5 years of experience in investment banking, real estate, finance, or other related fields
• Renewable energy experience is not required

About The Role

Sunstone is seekinga Credit Associate to join our team. As a Credit Associate you will be responsible for evaluating renewable energy finance opportunities for commercial borrowers. The analysis will include a quantitative and qualitative assessment of the borrower as well as the renewable energy benefits of the solar system. Your evaluation will be detailed oriented, evidence based, and well documented. As a credit associate you will need excellent written, interpersonal, and excel based analytical skills. You will work very closely with our customers who are both the owners and installers of solar projects. As part of a startup, you will not work in a silo. You will go above and beyond your job description to help us meet our goals and you will have the opportunity to improve our processes, develop our standards, and collaborate on the development of our tech platform.

Key Responsibilities

• Financial Analysis: Assess the stability and predictability of the borrower’s revenue and cash flow and the borrower’s financial condition
• Credit Risk Assessment: Complete scenario analysis and debt capacity analysis to determine a probability of default, loss given default, and overall credit risk of the loan opportunity
• Solar Analysis: Determine the economic benefit of the solar project, including the long-term utility cost savings provided by the solar system. This analysis requires research and a thorough understanding of state specific solar incentives and utility regulations.
• Loan Recommendation: Responsible for making loan recommendations, including approvals, declines, and credit restructuring.
• Borrower Due Diligence: Assess non-financial customer information and third-party reports to assess other risk factors, including legal and regulatory risks.
• Market and Industry Analysis: Analyze market conditions, industry trends, and economic factors that could impact the borrower’s ability to repay
• Customer Relationship Management: Responsible for leading client diligence calls, problem resolution, and shepherding the customer through the underwriting process.
• Loan Sales: Serve as a credit liaison with bank partners through the loan sale process.
• Special Projects: Design, test, and implement process improvements and new products to aid in the development and growth of our platform.

Why Sunstone

At Sunstone you will be part of a growing pioneer in climate tech and your work will have a positive impact on our world. You will be part of building a transformational business and work in a vibrant and fast paced start up culture. We operate in a hybrid work environment with regular in-person interaction in our brand-new office in the Flatiron District in Manhattan. All Sunstone employees earn equity in the company in the form of stock options. We offer competitive pay as well as excellent benefits, including medical, dental and vision coverage.

• If you have read and understood the above, please include “Sunstone Credit Associate” in red on the top right of your resume*

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