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Project Finance Coordinator - Renewable Natural Gas (RNG)

Employer
Waga Energy
Location
Bala Cynwyd, Pennsylvania, United States
Closing date
Mar 4, 2024

View more

Job Role
Other
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Waga Energy, Inc. has developed a breakthrough technology to recover landfill gas into biomethane, also called Renewable Natural Gas (RNG). Our WAGABOX® landfill gas upgrading units deliver high-quality biomethane, regardless of the quality of the raw biogas. The biomethane produced by the WAGABOX® can be injected directly into the gas grid or used as fuel for vehicles. Waga Energy builds, owns, operates, and maintains the WAGABOX® units under long-term contracts with landfill owners, and biomethane sales revenue is shared.

Upgrading landfill gas - a waste-management byproduct - positions Waga Energy to provide the most competitively priced biomethane on the market for end customers. For large-capacity landfills, WAGABOX® can offer grid parity with natural gas.

WAGABOX® units have a double impact to help fight climate change: they capture landfills gas - a major source of greenhouse gas emissions - and produce a renewable substitute for fossil-based natural gas. Each new WAGABOX® unit marks additional progress toward a true energy transition and toward protecting our environment.

Visit is at https://waga-energy.com/us/

About the Position - Responsibilities & Duties

This is an exciting, rewarding position promoting the role of renewable energies, notably renewable gas, in the future of energy transition.

Reporting to the Director of Finance, and working in close collaboration with the Business Development team, the Project Finance Coordinator will be responsible for project financing activities including but not limited to:

  • Grant writing responsibilities to include researching grant opportunities relevant to Waga's RNG projects and assisting in the preparation of applications/request submissions.
  • Identifying new sources of financing to optimize the financing of the company projects (i.e. WAGABOX® units).
  • Supporting the project fundraising process to include:
  • Standardizing models and financial documentation
  • Organizing and coordinating financing operations
  • Preparing funding request files (info memos, financial models, etc.)
  • Managing bank audits (technical, legal, tax, insurance, etc.)
  • Supervising loan contracts, inter-creditors agreements and surety contracts
  • Optimizing existing and active financings
  • Ensuring the availability of funding according to the needs of the group to include:
  • Ensuring compliance with a funding arrival schedule
  • Coordinating commitment planning
  • Ensuring the prudent limitation of financial costs
  • Performing internal and external reporting and monitoring of all project financing activities.
  • Executing all necessary treasury duties to include:
  • Conducting daily banking transactions, including both domestic and international wire transfers and cash transfers between accounts
  • Working with AP and AR to ensure ACH payments and lockbox operations run efficiently.
  • Assisting with cash flow reporting preparation
  • Tracking bank activity, maintenance of internal tracking of all accounts and authorities, opening/closing of bank accounts and assisting with establishing new accounts
  • Managing documentation warehouse for all bank and debt agreements
  • Preparing and maintaining interest forecast
  • Maintaining intercompany loan documentation and calculation of monthly interest accruals


About You - Qualifications & Skills

The ideal candidate is an enthusiastic, self-motivated professional with a Bachelor's degree in Finance, Business or a closely related field, 1 to 3 years of experience (including internship/co-op experience) in a project financing role, and a passion for environmental preservation and sustainability. Candidates with knowledge of financial markets (capital, subordinated debt, senior debt) and infrastructure financing as well as financial modeling (including related legal and tax related elements) are preferred.

Excellent written & verbal communication skills and the ability to work well in a collaborative team environment are critically important for success in this role. Candidates must also be highly analytical, detail oriented, and well organized. The ability to effectively build and maintain coworker and external partner relationships is a key element of the role as the Project Finance Coordinator will play an integral hands-on role in the project financing process within Waga.

Culture

Faced with the urgent need to act to reduce greenhouse gas emissions, the employees of Waga Energy, Inc. have commitment themselves to take meaningful action to contribute to sustainable energy transition and the construction of a more environmentally friendly society. In serving as members of this committed team of professionals, Waga employees are supported in meeting their professional development and career advancement goals within a fair, ethical culture focused on cooperation, humility, integrity, respect, and teamwork.

Benefits

Waga offers a competitive annual salary and benefits package including 20 days of paid time off, 11 paid holidays and paid parental leave along with health, dental, vision, life, and disability insurance and a 401k plan with company matching contributions. You'll enjoy a relaxed, friendly work environment where you'll have the ability to flex your work hours to attend to personal/family related matters as needed. Work from home is currently available 1 day per week.

Employer: Waga Energy, Inc., a Subsidiary of Waga Energy SA, with headquarters in Eybens, France.

Location: Main Office: 150 Monument Road, Suite 207, Bala Cynwyd, PA 19004 (Philadelphia area). Job type: Full time

Waga Energy, Inc. is an Equal Opportunity Employer

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