Senior Associate, Business Development, East

Clearway Energy

  • Full time
  • 3 months ago
  • San Francisco,CA
  • OnSite

Job Description

What The Role Is

Reporting to the Senior Manager, Business Development, East, the role is responsible for valuation, due diligence, and execution of project acquisition opportunities as well as strategy, structuring, and pricing support for development and power marketing of utility-scale wind, solar, and energy storage assets.

If you don’t meet 100% of the above qualifications but see yourself contributing, please submit your resume.

What You’ll Be Doing

  • Asset origination and acquisition: Support and lead all parts of the M&A process, including origination, structuring, and closing of high-quality, profitable solar, wind, and energy storage projects.
  • Own the project financial model. Work with Project Finance and Risk teams to ensure conformance with underwriting guidelines, investment metrics, and forecasted cash flows. Run sensitivity analyses and generate ideas to optimize valuations and transaction structures.
  • Coordinate with internal functional teams, third-party consultants, and deal counterparts on due diligence activities and financial model inputs to qualify project investments before executing acquisition documents.
  • Prepare detailed memos and presentations for senior management and the investment committee.
  • Create and manage tools to monitor market activity and track internal origination strategy to identify new growth areas and M&A targets.
  • Support ongoing origination, development, and financing activities for pipeline projects:
    • Support pricing analysis and bidding strategy to originate offtake contracts for Clearway’s 10GW+ development portfolio of utility-scale wind, solar, and energy storage projects.
    • Develop statistical analyses to quantify risk in highly structured commodity transactions.
    • Work with functional groups, third-party consultants, and other stakeholders to drive projects forward and perform quantitative analyses to support development and financing decisions.
  • Lead strategic initiatives aimed at improving analytical tools and informing key business activities at Clearway.
    • Develop model functionality for new and innovative financial and offtake structures (in Excel and VBA) and improve existing quantitative analysis tools.
    • Assist with ongoing efforts to improve financial optimization, underwriting, deal tracking, etc.
  • Lead special projects across internal functional groups to drive value creation throughout the development, procurement, construction, and financing processes.

    • What You’ll Bring

    • Bachelor’s Degree required in finance, business administration, economics, policy, or engineering.
    • 5+ years of relevant work experience in a finance or development role with a specific focus on financial modeling.
    • Renewable energy, cleantech, and/or power markets experience.
    • Experience navigating discounted cash flow models.
    • Experience at a U.S. solar, wind, or energy storage development company or Independent Power Producer in a quantitative, transactional role such as project finance, M&A, or power marketing/PPA origination; OR relevant, transferable experience in investment banking or private equity (or similar).
    • Aptitude for analytical and financial modeling with demonstrated attention to detail. Quantitative skills are a must for this position.
    • Advanced capabilities in Excel and PowerPoint are essential.
    • Ability to summarize complex issues and identify opportunities or next steps.
    • Ability to manage simultaneous projects/work streams, set priorities, and exercise independent judgment.

    What Would Be Nice

    • Experience with VBA or other programming languages.

    Clearway will not sponsor nonimmigrant visas for this position (H-1B, TN, E-3, etc.).

    #LIHybrid

    Clearway Energy Group is leading the transition to a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., we own and operate 10 gigawatts of renewable and conventional energy assets across the country. As we develop a nationwide pipeline of new renewable energy projects for the future, Clearway’s 8 gigawatts of operating wind, solar, and energy storage assets offset the equivalent of more than 9 million metric tons of carbon emissions for our customers today. Clearway Energy Group is headquartered in San Francisco with offices in Carlsbad, CA.; Scottsdale, AZ.; Houston, TX; Denver, CO; and Princeton, NJ. For more information, visit clearwayenergygroup.com.

    Our Commitment to Diversity, Equity, & Inclusion
    At Clearway, we create a community that isn’t about being the same it’s about building a team of unique individuals, with different backgrounds & skill sets, coming together to build something big & make a difference in the world. Clearway’s team is dedicated to a clean energy future across a wide spectrum of roles & responsibilities. Embodying our company values and operating principles, unique individuals come together over a common mission. We embrace opportunities to do challenging work that can change the world. We aspire to bring out the best in everyone. We share setbacks, celebrate successes, & act with integrity & accountability to get the job done.

    Working at Clearway, Hybrid Together
    Here at Clearway, we’re committed to balancing flexibility while fostering strong relationships with our teammates. We do this by prioritizing new hires based near one of our offices in San Francisco, Carlsbad, Scottsdale, Houston, Denver, & Princeton. Our office-based employees typically work together from fabulous spaces on Tuesdays & Thursdays to collaborate & learn, build community, get to know one another, & enjoy company-provided meals & events.

    Clearway Energy is an equal opportunity employer that values a broad diversity of talent, knowledge, experience & expertise. We intentionally foster a culture of inclusion that empowers our employees to deliver superior performance to the communities we serve. We encourage minorities, women, individuals with disabilities & protected veterans to join the team. Clearway is a proud promoter of employment opportunities to our Military & Veterans.

    What We Provide
    Clearway offers all eligible employees working 20+ hours per week a comprehensive menu of benefits: generous PTO, medical, dental & vision care, HSAs with company contributions, health FSAs, dependent daycare FSAs, commuter benefits, relocation, & a 401(k) plan with employer match, a variety of life & accident insurances, fertility programs, adoption assistance, generous parental leave, tuition reimbursement, & benefits for employees in same-sex marriages, civil unions & domestic partnerships. For more on Clearway benefits, visit our Benefits Website.

    Notice to Applicants
    Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies with equal employment laws, ordinances and regulations for all applicants and employees. We will make reasonable accommodations to enable individuals with disabilities to apply and compete for employment opportunities for which they are qualified. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [email protected] and let us know the nature of your request and your contact information.

    Notice to California Applicants
    Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies with equal employment laws, ordinances and regulations for all applicants and employees.

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