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Title: Project Finance Associate
Location: Louisville, CO (3 days-a-week Teleworking Permitted)
Employer: AES Clean Energy Services, LLC
RESPONSIBILITIES:
Extensive financial modeling in Microsoft Excel providing quantitative assessment of optimal debt, tax equity, and land financing structures; Assist manager in negotiation of market leading financing structures by providing financial analysis; Work within the organization to keep models and documentation up to date as the renewable energy project progresses though its lifecycle; Address investor’s due diligence requests with various AES internal teams; Prepare marketing materials for debt and tax equity request for proposals for indicative economic terms; and Provide data and coordinate with 3rd party consultants (including appraiser, independent engineer, insurance, transmission consultants, and others) on project financings.
QUALIFICATIONS:
Job requires Bachelor’s degree in Sustainable Innovation and Energy Engineering or a related field and 2 years of experience in renewable energy sector with focus on finance or a related field.
Job requires 2 years of experience in each of the following: Advanced financial modelling in Excel for renewable energy, including but not limited to tax equity modelling (HLBV accounting, 704b capital accounts), and construction, bank, bond and loan debt modelling (debt sizing, coverage ratios, weighted average life WAL, amortization profiles, interest capitalization); Capital structuring optimization to increase return on investments (ROI) through Excel using IRR and NPV functions; Collaborate with cross-functional teams to ensure accurate and up-to-date Capital Expenditure, Energy Revenues, Capacity Revenues, Arbitrage Revenues and projected operational expenses assumptions in the financial models; Develop comprehensive financing marketing materials, including presentations with renewable projects information and value proposition using Investment IRR, Debt Service Coverage Ratios, P90/P99 sizing; Identify and resolve errors in complex financial models, including Partnership Capital Accounts, HLBV, revenue projections and operating expenses; and Conduct comprehensive risk assessment of renewable energy projects, identifying potential risks to economic valuations/returns and mitigating strategies including CAPEX increases, changes in law, market changes, financing costs, procurement delays and scheduling impacts. Metrics analyzed include PreTax and After Tax IRR, Net Equity contributions, debt sizing, coverage ratios, tax credits eligibility, fair market value, Income-approach value, Cost-Approach value, tax efficiency and Contracted IRR.
Job requires 1 year of experience in each of the following: Review and analyze financing contracts with legal team with focus on legal protections, risks, obligations related to financing indemnities, guarantees, events of default; Coordinate regular communication channels with internal execution teams and external counterparties to ensure deliverables are ready for financial close; Prepare Flow of Funds for tax equity and debt financial closes, ensuring it accurately reflects loan amounts, capital contributions, reserve accounts capitalization, loan payoffs, tax equity bridge loan (TEBL) repayments, interest payments, third party fees payments, and appropriate wiring instructions (including account and ABA numbers); Analysis of power markets including energy, capacity, basis risk, ancillaries and energy arbitrage opportunities; Review technical outputs related to engineering and manage Independent Engineer review. Technical outputs include but are not limited to P50/P90/P99 solar/wind generation, battery and panel degradation, projected battery useful life and augmentation; Review, analyze and manage results from appraisal and cost segregation reports, including but not limited to fair market value analysis, lease accounting, IRS accelerated depreciation schedules including MACRS 5, and bonus depreciation election; and Manage and review results of Insurance Consultant reports, including PML based on 500 year return period, property damage and business interruption levels of coverage, and Natural Catastrophe exposure.
Salary: $120,000.09 per year
Reply To:
E-mail resume to David Harvey, Senior Analyst, Compensation & Global Mobility at david.harvey@aes.com. Please reference Job Code PFA2024.
AES is an Equal Opportunity Employer who is committed to building strength and delivering long-term sustainability through diversity and inclusion. Respecting all backgrounds, differences and perspectives enables us to improve the lives of our people, customers, suppliers, contractors, and the communities in which we live and work. All qualified applicants will receive consideration for employment without regard to sex, sexual orientation, gender, gender identity and/or expression, race, national origin, ethnicity, age, religion, marital status, physical or mental disability, pregnancy, childbirth, or related medical condition, military or veteran status, or any other characteristic protected under applicable law. E-Verify Notice: AES will provide the Social Security Administration (SSA) and if necessary, the Department of Homeland Security (DHS) with information from each new employee's I-9 to confirm work authorization.