Manager, Finance - Compass Greenfield Development
Compass Greenfield Development ("CGD") is a renewable and clean energy developer, investor and asset manager working across Canada. We have operating and contracted assets in Ontario and Saskatchewan and are actively developing projects across multiple provinces.
CGD was born out of Compass Renewable Energy Consulting Inc., a regulatory, strategic and technical advisory firm working across the North American renewable and clean energy markets since 2011. We leverage our consulting DNA and a proven process to identify and advance greenfield solar and battery energy storage (BESS) opportunities through to commercial operation, at which point all our stakeholders benefit, including landowners, municipalities, Indigenous partners, investors and the public at large.
Although CGD is a privately owned firm, we have won contracts in Ontario (2017), Saskatchewan (2020, 2021) as well as over 90 MW in the last three Ontario IESO procurements in 2023 E-LT1 (20 MW), 2024 LT1 (26 MW), and 2026 LT2e (45.8 MW). As we build on that success and our portfolio grows, so does the need to finance, own and manage it well.
Come join a growing company and help us continue to punch above our weight.
Typical Day
At CGD, your day will move between project level financial analysis, managing project finance, forecasting corporate cashflow needs and providing lender reporting. One day you might be refining the financial model behind a procurement bid. Another, you'll be running a lender's due diligence request list, or reviewing an operating asset's monthly cash flow. You will be the go-to person for financial analysis across our solar and BESS portfolio, working closely with development, engineering, construction and asset management, as well as investors, lenders, advisors and consultants.
Job Description
Reporting to the President and working with the senior members of our team, the Manager, Finance will lead financial analysis, support capital raising, project financing, M&A and other strategic transactions. Depending on a transaction's size and complexity, you may serve as the day-to-day lead or support a senior lead. As CGD grows, the role will help build the finance function, including its models, processes and controls.
Key Responsibilities
Models, Process & Team (approximately 25% of role)
- Serve as CGD's internal financial modelling expert, with clear QA/QC standards across models
- Improve finance processes, tools and templates as the portfolio grows
- Direct and review the work of junior team members and consultants as the finance function grows
Project Finance (approximately 20% of role)
- Manage and advise on project finance options for each project company (SPV)
- Work with lenders, advisors and other third parties to select a project finance option and negotiate terms
- Manage project finance deliverables for technical, legal and financial due diligence, with the support of the execution team
- Support the negotiation and execution of financing and transaction documents through to financial close
Development & Bid Support (approximately 20% of role)
- Provide financial analysis to the development team, such as scenario and sensitivity analysis on project trade-offs (e.g., land cost vs. interconnection cost)
- Oversee the development of bid models for procurements across Canada, and populate them for each submission
- Manage third-party consultants and review their reports as inputs to models and bids
Corporate Finance & Capital Planning (approximately 20% of role)
- Lead project and corporate financing, including establishing the cash flow needs of Compass Greenfield Development and each project SPV
- Build and maintain multi-year capital deployment models to support portfolio milestones (e.g., 600 MW+)
- Evaluate corporate capital raises, joint ventures, preferred equity, and growth equity structures
- Prepare investment presentations, decision materials and transaction briefs for senior management, investors and lenders
Reporting for Operating Projects (approximately 15% of role)
- Complete a screening and quality control of financial reporting on all project finance loans for operating projects, currently five quarterly lender reports
- Track covenant compliance and work with asset management on project-level cash flow
Desired Experience and Expertise
- Bachelor's degree in finance, commerce, economics, engineering or a related field; Possessing or working towards a CFA designation. A MBA is an asset
- 3 to 8 years of project finance, financial modelling or transaction experience at a renewable energy developer, independent power producer, infrastructure fund, bank or advisory firm
- Advanced financial modelling skills, with a strong grasp of project finance structures, debt sizing and valuation
- Experience evaluating solar, wind and/or battery energy storage projects; knowledge of Canadian procurements (for example IESO in Ontario or SaskPower) is a strong asset
- Demonstrated experience supporting or leading project financings, capital raises, M&A or partnership transactions, including running due diligence and managing advisors
- Familiarity with key project contracts, including power purchase and capacity agreements, EPC contracts, credit agreements, and partnership and shareholder agreements
- Ability to review complex analyses, spot errors and inconsistencies, and explain conclusions clearly to senior management, investors and lenders
- Strong communicator, both written and verbal
- Ability to thrive in a fast-paced, small-company environment, managing multiple priorities and hands-on work at once
- Strong attention to detail and organizational skills
- Experience mentoring or managing junior team members is an asset
- Bilingualism (French and English, written and spoken) is an asset
Work Environment
CGD's offices are in downtown Toronto at CSI Spadina, a fun, inclusive space where you can expand your network with like-minded people. The role is flexible, with up to 3 days a week from home, and requires at least two days a week in the office (more if you prefer).
Why Work for CGD?
- Mission driven. CGD was founded to accelerate the energy transition through electrification. We support decarbonization through distributed and utility-scale engineering and development.
- Diverse and exciting scope of work. See the full project lifecycle, from bid to financial close to operations, and work on transactions end to end.
- Continuous training and skills improvement
- Career advancement opportunities. As a growing company, CGD offers the chance to help build and grow its finance function.
- Competitive wages
- Health benefits and wellness
- Supportive and diverse company culture
Compensation
Base salary commensurate with experience, qualification and skills plus an annual performance bonus.
- CGD provides health insurance coverage and a telephone allowance.
