Analyst/Senior Analyst – Portfolio Finance
| Company | Clearway Energy |
|---|---|
| Location | San Diego, CA, USA |
| Salary | $80000 – $118000 |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Entry Level/New Grad, Junior, Mid Level |
Requirements
- Bachelor’s degree in Finance, Business, Economics, Accounting, Engineering, or a related field.
- 0-4 years of experience in project finance, portfolio finance, or M&A in the energy sector.
- Advanced Microsoft Excel skills and understanding of key financial concepts such as discounted cash flow analysis, time value of money, internal rate of return, and net present value.
- Experience building, auditing, and/or updating complex project finance models, with the ability to quickly generate summary economics, is required.
- Excellent communication and interpersonal skills.
- Self-motivated, dependable, and accountable. This means showing up, being present, and being eager to dive into the workday. If you ever feel like you’ve completed all your tasks and have time to spare, you’re eager to speak up and ask what else you can do.
- Ability to work independently, multitask, and take ownership of projects and assignments.
- Understanding of financial, tax, accounting, and investment concepts.
- 4-6 years of experience in project finance, portfolio finance, or M&A in the energy sector (for Senior Analyst).
Responsibilities
- Supporting (i) the funding process with tax equity investors, cash equity investors, and lenders for Clearway’s wind, solar, and battery energy storage projects under construction, and (ii) the identification and execution of valuation maximization opportunities for Clearway’s fleet of operating assets, which includes refinancing, tax/cash equity buyouts, repowering analysis, letter of credit facilities, and other ad-hoc restructurings.
- Supporting the transaction lead on the internal deal funding checklist and a subset of certain ‘conditions precedent’ for funding; responsibilities may include (i) implementing bringdown assumption updates to funding models, (ii) coordinating deliverables associated with the IE, transmission consultant, insurance consultant, and other 3rd party advisors, and (iii) other documentation-related CPs.
- Updating tax equity tracking models, consistent with the requirements of the tax equity partnership agreements, on a regular basis, to track tax equity investor return on investment, flip dates, and other financial outcomes.
- Lead the cash distribution waterfall process for a subset of operating projects and calculation of ongoing ‘Pay-Go’ invoicing.
- Establishing and sustaining productive, efficient relationships across Clearway’s major departments and functions, including Capital Markets, Construction, Development, Asset Management, Energy Management, Legal, Accounting, and Tax to ensure timely transaction closings and resolution of challenges.
- Collaborating frequently with lenders, tax equity investors, cash equity investors, consultants, and lawyers as part of Clearway’s construction period funding and operating period transactions.
- Summarizing project transaction status, risks/mitigants, and associated economic outcomes for senior management.
Preferred Qualifications
- Tax Equity experience is highly preferred.
- Experience with reading and interpreting investor financing agreements and project contracts is highly preferred.