[Remote] Director of Project Controls and Finance

Note: The job is a remote job and is open to candidates in USA. Coquí Power is a Puerto Rico-based development firm focused on energy infrastructure. They are seeking an experienced Director of Project Controls and Finance to manage project execution, capital deployment, and financial reporting for utility-scale solar projects.

Responsibilities

• Building and maintaining the project budget
• Tracking actual spend vs. forecast
• Monitoring EPC costs, interconnection costs, equipment procurement, contingencies, and soft costs
• Managing draw schedules and cash flow timing
• Identifying cost overruns and financial risks early
• Working with lenders, tax equity investors, sponsors, and legal teams
• Managing construction loan draws and compliance requirements
• Coordinating diligence materials for financing parties
• Tracking covenants, reporting obligations, and milestone requirements
• Supporting financial close processes
• Reviewing EPC invoices and payment applications
• Coordinating approvals for vendor payments
• Ensuring invoices align with contract terms and completed milestones
• Managing change orders from a financial perspective
• Aligning construction progress with capital deployment timelines
• Making sure procurement, construction, and financing timelines stay synchronized
• Updating financial models based on schedule changes or delays
• Producing reports for executives, lenders, investors, and development partners
• Tracking KPIs such as: budget variance, burn rate, contingency usage, schedule adherence, projected COD (Commercial Operation Date)
• Participating in project meetings with development, engineering, EPC, and finance teams
• Identifying risks that could impact project economics: tariff changes, supply chain delays, labor shortages, interconnection delays, permitting issues
• Modeling financial impacts and mitigation strategies

Skills

• Bachelor's degree in Finance, Accounting, Economics, Business, Engineering, or a related field required
• 7–12+ years of experience in renewable energy finance, infrastructure finance, project finance, private equity, investment banking, asset management, or a related field
• Demonstrated experience supporting utility-scale solar and/or renewable energy projects through development, construction, financing, and operational phases
• Strong understanding of tax equity structures, including partnership flip structures, sale-leasebacks, and transferability considerations
• Deep familiarity with ITC/PTC qualification requirements, safe harbor rules, prevailing wage and apprenticeship requirements, and other renewable energy incentive frameworks
• Experience managing construction financing processes, including debt draw requests, lender compliance, project budgets, sources and uses, and financial reporting
• Strong financial modeling and analytical capabilities, including experience with project finance models, portfolio reporting, and acquisition underwriting
• Experience coordinating across multiple stakeholders, including developers, EPC contractors, lenders, investors, procurement teams, legal counsel, accounting, and treasury functions
• Exceptional organizational and project management skills, with the ability to manage multiple projects and deadlines simultaneously in a fast-paced environment
• Advanced proficiency in Excel and financial reporting tools; familiarity with ERP systems, project controls software, and data visualization tools is a plus
• Strong written and verbal communication skills, including experience preparing materials for lenders, investors, executives, and investment committees
• Highly detail-oriented with strong commercial judgment and problem-solving abilities
• Ability to operate both strategically and tactically in a growing, entrepreneurial environment
• MBA, CFA, CPA, or other advanced financial designation preferred

Benefits

• Salary plus performance-based bonus
• Competitive healthcare, dental, and 401(K) matching package

Company Overview