Head of Structured Finance, Electric Hydrogen
$157-232k
+ An Equity Grant + Bonus. Salary is dependent on location
Low-cost fossil-free hydrogen systems
Job no longer available
Low-cost fossil-free hydrogen systems
201-500 employees
Job no longer available
$157-232k
+ An Equity Grant + Bonus. Salary is dependent on location
201-500 employees
Company mission
To make molecules to decarbonize our world!
Role
Who you are
- The ideal candidate has a depth of experience leading, structuring, and executing complex financial transactions, strong relationships with capital market and lending groups at key US commercial and investment banks and other capital providers, and comfort working alongside C-level executives
- 10+ years in investment banking, commercial banking, structured finance, corporate finance, capital markets, at a major financial institution, manufacturer, or project developer
- Structured and negotiated numerous credit facilities and other finance arrangements
- Deep relationships with commercial and investment banks in the United States
- Expert financial modeling skills, particularly in building analysis for project finance
- Working knowledge of leveraged and project financing markets, with experience across the capital structure, is preferred
- Experience managing working capital for large, global, and capital-intensive companies is preferred
- Manufacturing or renewable energy experience is preferred
- Startup experience preferred
What the job involves
- We are searching for a Head of Structured Finance to support Electric Hydrogen on our path to massive industrial scale decarbonization
- In this role you will source, execute, and manage a range of transactions at the corporate and project levels
- You will manage key capital relationships, facilitate agreement execution, capital fundings, and manage day-to-day capital markets operations with the finance team
- You will be responsible for providing strategic leadership, oversight, and execution of EH2’s funding activities, specifically focused on corporate credit, asset-backed finance, working capital financing, and potentially project financing
- You will be working at one of our locations in the Greater Boston Area, reporting into the CFO. We are also open to 100% remote/relocation
- Create capital structure roadmap including use of corporate credit, asset-backed finance, working capital financing, trade credit finance, project financing, and other instruments to optimize cashflow and support EH2’s growth plan
- Execute and manage corporate credit facilities including term loans, revolving credit lines, and complex asset-based facilities covering equipment, inventory, raw materials, and precious metals
- Manage due diligence processes with prospective capital providers, coordinating internal and external team members
- Manage ongoing compliance and other counterparty requirements with all debt and equity financing agreements
- Explore trade credit and export-import financing opportunities with public and private solutions providers
- Manage excess cash with banks and short-term, liquid marketable securities
Our take
Decarbonising heavy industry - a sector responsible for a staggering 30% of global emissions - presents a unique challenge. Traditional methods often rely on processes incompatible with existing electrical grids. Electric Hydrogen is stepping in to tackle this problem head-on.
Electric Hydrogen is attempting to change this by producing affordable green hydrogen through a patented, renewable-powered electrolysis process. This approach is specifically designed for the high-volume, low-cost needs of large-scale industrial operations. Founded in 2020, Electric Hydrogen has wasted no time securing significant investments and attracting top talent. The team boasts years of experience from industry giants like Tesla and First Solar, lending a powerful pedigree to its mission.
While electrolysis-produced hydrogen currently makes up a small portion of global production, the future looks bright. Ambitious net-zero targets across industries are driving a surge in demand for clean energy solutions and Electric Hydrogen has embarked upon a series of acquisitions to bolster its solutions. With its innovative technology and experienced leadership, Electric Hydrogen is well-positioned to capitalise on this momentum and play a significant role in the journey toward a greener future.
Steph
Company Specialist at Welcome to the Jungle
Insights
114% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Mar 2024
$46.3m
GRANT
Oct 2023
$380m
SERIES C
Total funding: $549.3m
Company benefits
- Generous healthcare
- Unlimited PTO
- Location flexibility
- On-site gym
- And more...
Company HQ
Devens, MA
Leadership
Raffi Garabedian
(Co-Founder & CEO)Served as CTO at now public solar energy company First Solar from 2012 to 2020. Before joining First Solar in 2008, was the Founder and CEO of Touchdown Technologies.
David Eaglesham
(Co-Founder & CTO)Was VP of Technology and then CTO at First Solar during a six-year spell before joining battery technology company Pellion Technologies as CEO, where they spent almost nine years.
Derek Warnick
(Co-Founder & CFO)Former Technical Consultant at The World Bank, a job they left to focus on the intersection of clean energy and finance. Is also an Advisor at Fourth Power.
Dorian West
(Co-Founder & Advisor)Spent 15 years as Director of Engineering at Tesla, creating and leading the Battery Engineering team for the Roadster. Is a Board Member at Gradient, a Technical Advisor at Lightship and Parallel Flight Technologies.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 2 more jobs at Electric Hydrogen