Associate, Project Finance at Avantus in San Diego, CA

Summary: Avantus develops and operates utility-scale clean energy projects across California and the Desert Southwest. The Associate, Project Finance will support a team in sourcing, negotiating, and executing project sales and structured financings, while performing market analysis and collaborating with various teams to meet project deadlines. 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 Required Qualifications: - 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 Preferred Qualifications: - 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 Required Skills: Project Finance, Corporate Finance, Investment Banking, Renewable Energy Industry, Project Finance Structures, Tax Monetization, Tax Credit Financing, Construction Financing, Back-Leverage Financing, Discounted Cash Flow Analysis, Financial Modeling, Financial Analysis Benefits: 401(k) matching, Comprehensive medical and dental plan options, Flexible PTO