Project Finance Associate
Project Finance Associate
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1 Vacancy
Job Description
Are you ready to be part of a company thats not just talking about the future but actively shaping it Join The AES Corporation (NYSE: AES) a Fortune 500 company thats leading the charge in the global energy revolution. With operations spanning 14 countries AES is committed to shaping a future through innovation and collaboration. Our dedication to innovation has earned us recognition as one of the Top Ten Best Workplaces for Innovators by Fast Company in 2022. And with our certification as a Great Place to Work you can be confident that youre joining a company that values its people just as much as its groundbreaking ideas.
AES is proudly ranked #1 globally in renewable energy sales to corporations and with $12.7B in revenues in 2023 we have the resources and expertise to make a significant impact as we provide electricity to 25 million customers worldwide. As the world moves towards a net-zero future AES is committed to meeting the Paris Agreements goals by 2050. Our innovative solutions such as 24/7 carbon-free energy for data centers are setting the pace for rapid global decarbonization.
If youre ready to be part of a company thats not just adapting to change but driving it AES is the place for you. Were not just building a cleaner more sustainable future - were powering it. Apply now and energize your career with a true leader in the global energy transformation.
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 investors 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 Bachelors 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: $120000.09 per year
Reply To:
E-mail resume to David Harvey Senior Analyst Compensation & Global Mobility at 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 employees I-9 to confirm work authorization.Required Experience:
IC
Employment Type
Full-Time
