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Associate, Debt Capital Markets

Crux

Crux

New York, NY, USA
USD 100k-200k / year + Equity
Posted on Oct 22, 2025

Location

NYC

Employment Type

Full time

Department

Commercial

Crux is the capital markets platform changing the way clean energy and manufacturing projects are financed in the U.S. Crux’s platform, market intelligence, and expert team help developers and manufacturers unlock financing through all stages of project development and operation.

Our team of 65+ is composed of experts in energy, tax, finance, government, and technology. We have raised $77 million in capital from some of the best investors, including Andreessen Horowitz, Lowercarbon Capital, New System Ventures, Overture, Ardent Venture Partners, QED, Canapi, and others. These funds are joined by strategic investors including Pattern Energy, Clearway Energy, EDF Renewables, Intersect Power, LS Power, Orsted, Hartree Partners, Liberty Mutual Strategic Ventures, MassMutual Ventures, and OMERS Ventures.

An inflection point in American energy and manufacturing

Energy demand is growing for the first time in 20 years, driven by surging manufacturing, transportation, electrification, and data centers. Simultaneously, hundreds of billions of dollars are being invested in domestic supply chains for critical minerals and components. Developers and manufacturers will require trillions of dollars in capital to meet growing needs.

Prior to Crux, the capital markets supporting this transformation were opaque, fragmented, and complex. At Crux, we recognized the missing infrastructure: a central capital markets platform designed specifically for the next century of American energy and industry. By connecting counterparties, providing market intelligence, and streamlining transactions, we unlock faster decision making, lower cost of capital, and accelerated investment.

The Opportunity

Crux is seeking an Associate to join its Debt Capital Markets team focused on renewable energy and energy transition infrastructure. The Associate will support the origination, structuring, and execution of debt capital solutions for sponsors, developers, and investors across both project-level and corporate-level transactions. This role requires strong financial modeling skills, exposure to renewables/energy transition markets, and the ability to operate in a fast-paced startup environment.

What you’ll do

  • Support full-cycle transaction execution across debt capital markets mandates, including structuring, valuation work, diligence coordination, and documentation

  • Develop financial models for project-level and corporate-level renewable energy transactions

  • Prepare client-facing materials including financing presentations, credit memos, investor marketing materials, and internal approvals

  • Conduct capital structure, pricing, and credit analysis across renewable energy asset classes

  • Participate in strategic meetings with clients regarding financing alternatives, market positioning, and structuring considerations

  • Interface directly with capital providers, developers, sponsors, and external advisors

  • Collaborate with senior team members to drive transactions and maintain active market intelligence

  • Contribute to transaction diligence, including commercial, technical, legal, and credit workstreams

  • Support platform initiatives to scale capital markets workflow and develop new develop new tech-enabled products and solutions to support financing processes

What you bring

  • 2+ years of investment banking experience in renewables, energy transition, minerals and mining, or infrastructure

  • Demonstrated exposure to capital markets and/or project finance transactions

  • Strong financial modeling and structuring skills with mastery of core valuation and credit concepts

  • Experience preparing transaction materials and conducting due diligence

  • Ability to manage several workstreams simultaneously in a high-execution environment

  • Excellent verbal and written communication skills, including client interaction

  • Self-directed, highly organized, and detail-oriented

  • Bachelor’s degree required; finance, economics, engineering, or quantitatively oriented background preferred

Additional Ideal Experience

  • Familiarity with capital markets instruments applicable to clean infrastructure (term loans, private credit, structured debt,, project-level financing, etc.)

  • Exposure to tax equity, credit underwriting, or energy delivery contracts

  • Experience working in a transaction-focused environment with client interaction responsibility

What we bring

  • $77m raised from top investors like Andreessen Horowitz, Lowercarbon Capital, New System Ventures, Overture, Ardent Venture Partners, QED, Canapi, and others.

  • Healthcare: We cover 100% of premiums for employees with a variety of plans on Aetna (nationwide) and Kaiser (WA and California) and subsidize 70% for dependents.

  • Dental & vision: We cover 100% of premiums for employees and 50% for dependents (each), if relevant.

  • Holidays: 10 company holidays per year

  • Paid time off: 20 days per year

  • 401k: We support a 401k account but don't have a matching program set up at this time (typical for an early-stage startup).

  • Regular all-team onsites 3 times/year.

  • Compensation: $100,000s-$200,000s = total cash comp, comprised of base and bonus. Additionally, equity in the form of stock options.

Our Values

Care for each other: We want to work on a team where people support each other - in their growth, in their work, and towards our shared mission. When we do that, we have fun.

Build and improve rapidly: We move quickly. To do that, we focus, consistently ask ourselves if we are prioritizing the right things, and execute them as best as possible.

Focus unremittingly on customers: Our first obligation is to our customers and partners, and we keep their needs front and center in everything we do.

Demonstrate ownership: We are all owners of Crux. This is our team, our company, our product and we show that to each other.

Convene a team that reflects the breadth of experiences in the country: We’re building a team with a wide range of backgrounds and a culture where everyone can thrive.

We provide equal employment opportunities to all applicants without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by law.