Associate, Project Finance

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