Job Description
Avantus is a leader in developing, owning, and operating utility-scale clean energy projects across the United States. They are seeking an Associate in Project Finance to support a team in sourcing, negotiating, and executing project sales and structured financings while performing market analysis and developing project-specific valuations.
Responsibilities
- Able to work independently and collaboratively with a cross-functional team
- Own every aspect of the project financial model for both mid-stage and late-stage development assets, including significant time working on project offtake bidding and structuring
- Monitor the debt, tax equity, and cash equity markets for appropriate valuation techniques and pricing
- Prepare and explain capital structure sensitivities, becoming intimately familiar with the potential capital permutations and value levers
- Understand the various development, construction, and operational inputs to the model, working closely with cross-functional experts in various functional groups such as Origination, Land Acquisition, Development, Construction, Engineering/Optimization, Storage, Interconnection, etc
- Support (and eventually lead) various aspects of a project sale and financing, including but not limited to: Due Diligence, Process Timelines, Data room Management, Term Sheet and Transaction Document Support, Market/Transmission Reports, Appraisal and Cost Segregation Reports, Insurance Consultant Reports, Project Closing activities
- Support Project Finance lead on marketing of project capital structure to outside parties, interacting with lenders, tax equity investors, infrastructure funds, and strategic buyers
- Preparation and delivery of materials for Investment Committee and Risk Committee review and approval
- Support projects that are in construction or operational and financed by Avantus, including construction loan draws, refinancing activities, consent processes, financing document compliance, and modeling
- Apply learnings from closed financial transactions and Avantus’ operational project portfolio to revise financial underwriting assumptions for development asset modeling and pricing
- Macroeconomic analysis, including impacts of tax law change, interest rate environments, and broader sector trends
- Monitoring of the power markets, including structured energy transactions, to help ensure project finance ability and valuation
- Support other functional areas in ways such as: PPA Pricing and Finance ability analysis, Design/Engineering Optimization, EPC and O&M Contract Negotiations, Corporate FP&A Rollup analysis, Lease vs. Buy analysis
- Support transaction team in various approval stage-gate and committee review processes
- Manage various tracker and tool updates and dissemination, as needed
Skills
- Minimum 1-2 years of project finance, corporate finance, or investment banking experience in renewable energy or similar industry
- Familiarity with project finance structures, including tax monetization, tax credit financing, construction financing, and back-leverage
- Demonstrated ability to work with cross-functional teams, including managing the financial, legal, and internal review
- Strong communication skills with proven track record in building relationships and working in cross-functional collaborative teams
- Comfortable working in a fast-moving and dynamic environment
- Familiarity with various discounted cash flow analysis, including pre-tax, after-tax, unlevered, and levered returns
- Experience creating project marketing materials, including teasers, CIMs, and managing data rooms
- Demonstrated ability to bring closure to complex and high value business transactions under tight timeframes; investment banking experience a plus
Benefits
- 401(k) matching
- Comprehensive medical and dental plan options
- Flexible PTO
Company Overview
Company H1B Sponsorship
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