Senior Financial Analyst - Renewable Energy

Our client is one of the largest fully integrated decarbonization-as-a-service providers in North America. They have over 1,100 megawatts of distributed energy resources spanning 28 states, Washington, D.C., Puerto Rico, and Canada.

Role Purpose:

As a financial analyst you will develop project budgets, analyse economic performance, and drive financial modelling for clean energy projects to help the company grow and develop. You will also work with cross-functional teams to support these efforts.

The financial modelling processes will be led by the analyst, who will also source and update input assumptions, optimise project configurations, run models for return analyses, and take part in buyer due diligence for project sales as well as due diligence for project acquisitions. The models will incorporate tax equity partnerships and debt structuring and involve energy storage and solar assets that generate fixed and merchant revenue streams (e.g., energy, ancillary services, arbitrage, capacity payments, etc.).

In order to develop project-level budgets, monitor actual costs against forecasts, and roll-up project-level budgets into corporate expense forecasts, the team member will closely collaborate with the finance department, operations department, and development leads. Additionally, this position will help in other ways to expand the business's portfolio of renewable energy assets and guarantee the success of clean energy projects.

The position will work closely with the finance, development, and technical teams and report to the director of finance. The foundation for a career in corporate finance and the financing of renewable energy projects will be laid by this position.

Responsibilities:

• Supporting and driving initiatives to streamline and improve the financial modeling and development processes.
• Collaborating with development team to create budgets for each project, run variance analyses against actual costs, and roll-up project budgets into forecasts for overall development expense needs.
• Supporting project sale processes, including interfacing with potential buyers, preparing project sale materials, and populating due diligence data rooms.
• Preparing and communicating analyses to the team to support project negotiations and strategic decisions.
• Providing inputs to support development of responses to requests for proposal for clean energy assets.
• Collaborating with development, technical and finance resources to create project input assumptions to drive project financial models and sensitivity analyses.
• Evaluating the return profiles for projects under different financing structures or strategies and prepare project economic summaries.
• Assessing and modeling available revenue streams for each project from energy storage and solar generation.
• Assisting with building and maintaining partnership financial models (tax-equity, debt, sponsor equity) for a portfolio of solar and energy storage projects ranging in maturity from greenfield development through to construction.
• Completing project reporting and forecasting including management reports.
• Performing ad hoc analysis and reporting to aid in decision making processes and think creatively to identify opportunities to enhance project economics.
• Completing other duties as assigned.
• Identify local, state, and federal incentives available to each project and incorporate into project models.
• Development and commercialization of new products that compliment Solar Asset Investments such as Solar + Storage.
• Analyzing inbound project acquisition opportunities, create buy-side models from inputs provided by seller to inform project acquisition pricing, and support project finance and M&A transactions.

Requirements:

• Must have atleast 2+ years Solar related experience.
• Ability to clearly and concisely present written and oral information to management.
• Ability to prioritize and deliver top-quality work product in multiple areas with little direct supervision.
• Excellent Microsoft Excel, Word, and PowerPoint skills.
• Ability to quickly read, review, analyze, and summarize large amounts of information and synthesize into precise, detailed financial models with identification of unknowns and assumptions.
• At least two years of financial modeling experience.
• A bachelor’s degree demonstrating superior academic achievement with a concentration in economics, finance, business or related quantitative field.
• Team player with strong interpersonal skills and ability to work closely with cross-functional teams and thrive in a fast-paced, entrepreneurial, deadline-driven environment.
• Project management skills, including organization and the ability to control multiple processes and tasks simultaneously with strong attention to detail.

Qualifications:

• Skilled with python or other coding.
• Experience in capital markets.
• Experience building project tax-equity finance models for solar and energy storage projects in investment banking and/or renewable energy industry, including experience in partnership flip, inverted lease, and sale-leaseback models incorporating debt.
• Experience in corporate financial modeling.
• Experience with Prophix FP&A software or similar financial management platform.
• Advanced degree in economics, finance, or business.
• Experience in energy project due diligence, sales, and acquisitions.
• Strong knowledge of solar and energy storage industry.
• Experience with property and sales tax abatements.