Junior Fund Manager

Location: Durham, NC Department: Finance & Accounting

The Company

The energy industry is entering one of the most significant periods of growth and transformation in its history. Meeting the nation’s growing demand for reliable electricity will require new ideas, new infrastructure, and talented people committed to building for the future.

At Cypress Creek Energy, we’re meeting that challenge by developing and operating the energy infrastructure needed to power communities, support economic opportunity, and strengthen resilience. We believe our responsibility extends beyond the grid and that how we build matters just as much as what we build.

That same commitment extends to our employees. We invest in professional growth, encourage collaboration across teams, and provide opportunities to take ownership, expand your expertise, and advance your career. Our culture is grounded in safety, accountability, respect, and a shared commitment to deliver results. Join us and help meet one of the most important energy challenges of our time while building a rewarding career.

Overview

Cypress Creek Energy is looking to hire a Junior Fund Manager. This role will play a crucial role in ensuring the financial health and success of our operational energy projects. This role will be responsible for managing financing agreements including but not limited to loan and tax equity agreements, cash waterfalls, fund cash budgets and forecasts, and ensuring compliance with financial covenants.  The ideal candidate will have a background and strong interest in financial administration, project finance, and renewable energy, with exceptional attention to detail, analytical skill, and willingness to learn.

The ideal candidate will have

Basic Understanding of project financing structures and agreements

Expertise in financial modeling and analysis

Self-sufficiency and problem-solving ability to figure out where to gather financial data and effectively communicate results/bigger picture

Strong project management skills with an ability to manage multiple, concurrent projects to meet deadlines

Experience with collaboration and consensus building across functions

Desire to proactively engage with business partners to identify opportunities for business process improvements and cost savings

Learning agility, intellectual curiosity, and adaptability in assuming new responsibilities and handling unfamiliar material

Responsibilities

Maintain fund waterfalls for operating funds, ensuring accuracy and timeliness in updating actuals and forecasts. Establish a monthly cadence with asset managers to review and update forecasts, addressing any changes in working capital needs promptly

Monitor cash flows, liquidity, and funding requirements to ensure timely debt service payments and cash distributions to investors and stakeholders

Calculate cash distributions, and other financial obligations for the fund; optimize cash distributions to CCE corporate through proactive liquidity and cash management and oversight of compliance with distribution tests in financing agreements

Maintain positive working relationships with investors through timely, accurate reporting and proactive communication.

Coordinate with accountants to execute debt service payments and cash distributions in accordance with contractual agreements

Monitor fund’s cash reserves and LCs for optimized least-cost collateral cover

Support valuation analysis for tax equity buyouts and support negotiations with investors

Collaborate with FP&A and asset managers and prepare annual cash budgets for the funds

Improve existing fund management practices and fund waterfall files and processes through automation and data analytics.

Support corporate and project transactional due diligence; lead transition of financing/tax equity closing models to fund management and setup of tracking models and partnership yield/flip analyses

Support ad-hoc reporting needs as requested from internal and external stakeholders.

Education & Experience Required

Bachelor's degree in finance, accounting, business administration, or related field.

Minimum of 1-2 years of experience in portfolio/fund management, asset management, project finance, or related roles in the renewable energy industry

Basic understanding of project finance and tax equity structures

Proficiency in financial analysis and modeling

Experience in renewables strongly preferred.

High level of proficiency in Excel is required

Strong knowledge of financial systems

Excellent attention to detail, organizational skills, and ability to manage multiple tasks and deadlines.

Strong analytical skills with the ability to interpret financial data, identify trends, and make data-driven recommendations.

Excellent communication, interpersonal, and collaboration skills.

Knowledge of renewable energy industry trends, regulations, and best practices is a plus

Embrace and live by the mission and values of Cypress Creek Energy

Location: This role is open to our Durham, NC office. Our team operates on a hybrid schedule, with in-office schedule of three days per week.

Benefits

15 days of Paid Time Off, accrual up to 20 days, 11 observed holidays.

401(k) Match

Comprehensive package including medical, dental, vision and health insurance

Wellness stipend, family planning stipend, and generous parental leave

Tuition Reimbursement

Phone Bill Reimbursement

Company Swag

A note to Recruiting Agencies Cypress Creek Energy Human Resources team does not accept unsolicited resumes from third party recruiters, staffing firms, or related agencies. The Human Resources team coordinates all recruiting and hiring at our company. We do not accept resumes from third-party recruiters unless authorized by the Human Resources team and if a signed agreement is in place. Any unsolicited resumes will be considered property of CCE and we are not responsible for any related fees. All communication related to recruiting partnerships shou