Enel Spa

Who We Are

Enel North America is a proven renewables leader delivering clean, flexible and sustainable energy solutions.

As part of the Enel Group, we develop, build, own and operate renewable power plants and demand response solutions, with over 11 gigawatts (GW) of installed wind and solar capacity, over 1 GW of energy storage and nearly 5 GW of demand response in the US and Canada.

For nearly 25 years, we've reliably powered modern life and driven climate action with our people, partners and communities by putting sustainability at the center of everything we do. Enel is a top-five industry leader for clean power capacity in the US, demand response in North America and utility-scale battery storage in Texas.

We are a smart and passionate team working together to build the Enel North America that we want for the long-term – one that is founded on strong financial, social and environmental values. Being on our team means being part of lasting progress to create a thriving and more sustainable world for our climate and communities. It means valuing safety, trust, innovation, proactivity, flexibility and respect in all we do. Our vision is ambitious, and we'll get there together.

The Opportunity:

The Director of Project Finance & M&A is responsible for leading financial analysis, structuring and financial due diligence for mergers, acquisitions, divestitures, and strategic investments in renewable energy assets and platforms across the United States and Canada.

Reporting to the Head of Finance & Insurance, this role plays a central role in evaluating transaction opportunities, structuring project financings, and supporting capital formation activities, including tax equity, tax credit transferability, and project debt.

The Director will work closely with the M&A, Business Development, Legal, Tax, and Asset Management teams, as well as external advisors and capital providers, to ensure robust financial evaluation and optimal financing structures for investments and operating assets.

The role requires strong expertise in renewable energy project finance, financial modeling, tax equity structures, transferability, and project-level debt financing.

To maximize collaboration and innovation, an essential function of this role is a regular onsite presence in an Enel office. 

What You'll Do at Enel North America:

Responsibilities, include, but not limited to: 

M&A Financial Due Diligence and Transaction Support

• Lead financial due diligence for acquisitions, divestitures, and joint venture transactions, including review of project financial models, assumptions, capital structures, and financing arrangements.
• Evaluate project economics, financing structures, tax attributes, and key commercial contracts to identify financial risks and value drivers.
• Coordinate with internal teams and external advisors on buy-side and sell-side transaction processes, including data room review, financial analysis, and diligence reporting.
• Prepare investment committee materials, valuation analyses, and transaction recommendations for senior management.

• Support the origination, negotiation, and closing of project financings including tax equity partnerships, transferability transactions, and term debt facilities.
• Coordinate closely with lenders, tax equity investors, transferability buyers, and financial advisors during transaction execution.
• Analyze and structure tax equity partnership transactions, including partnership flip structures and related financial modeling.
• Conduct sensitivity analysis, valuation analysis, and financing optimization scenarios.
• Ensure modeling assumptions are aligned with project contracts, tax structures, and financing agreements.
• Provide financial input into investment committee materials and strategic decision processes.
• Work closely with M&A, Development, Valuation, Legal, Tax, and Asset Management teams to support project execution and investment decision making.

Who You Are:

• Advanced financial modeling and valuation skills
• Strong understanding of project finance structures and capital markets
• Experience reviewing and negotiating financing term sheets and transaction documentation

• Strong analytical and problem-solving capabilities
• Excellent written and verbal communication skills
• Ability to present complex financial analysis to senior management
• Strong negotiation and stakeholder management capabilities
• Ability to manage multiple transaction processes simultaneously

What You've Accomplished:

Diversity, Equity & Inclusion:

Enel North America is dedicated to providing equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, gender, national origin, citizenship, age, disability, sexual orientation, genetic information. We will not discriminate, in any employment decision, against any individual or group on the basis of race, color, religion, sex, gender, national origin, citizenship, age, disability, sexual orientation, genetic information, or veterans/national guard/military reserve status. This shall be done in compliance with all applicable federal, state, and local laws in every location in which Enel North America has facilities. Enel North America maintains a drug-free workplace and performs pre-employment substance abuse testing and background checks, where permitted by law. Accessibility – If you require accessibility assistance applying for open positions please contact EnelApplication@enel.com.

What Enel North America Offers You:

The pay range for this position is $150,000.00 to $225,000.00 per year.  The base pay actually offered will be based on several factors, including job-related knowledge, skills, work experience, education, and internal equity. At Enel, base pay is one part of your total compensation package. Please see below for additional information on Enel North America rewards.

• Enel North America offers its regular full-time employees affordable, quality healthcare for you and your family, life insurance and disability benefits to provide security, and retirement benefits to help you plan for your financial future. In addition, we offer an array of other benefits such as flexible spending accounts, tuition reimbursement and professional development allowance.
• Benefits are effective as of day one!
• Some additional perks to working with Enel North America include:
• 401k with match fully vested as of day one. Enel-NA matches 100% of the first 4% that you contribute up to set IRS limits.
• Generous PTO that supports work/life balance including: 4 weeks annually of vacation as well as personal days, volunteer days, your birthday off, paid holidays, and sick time. Proration may apply during first year of employment.
• Paid leave programs
• The opportunity to grow and develop your career with the support and mentorship of senior leaders.
• The opportunity to work for one of the world’s most recognizable and respected brands in the energy industry that believes by working together we can create a new energy era in which the world can become more sustainable.

An employee’s eligibility for these benefits shall be subject to the governing documents for such plans and programs and/or company policy.  The benefits described above may be modified or eliminated with or without notice in accordance with the governing documents and applicable law.

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