Analyst, Portfolio Finance

Clearway Energy • San Diego, CA

1d • Hybrid

About The Position

Clearway’s Portfolio Finance team is a key contributor on both the development and operating sides of the business, covering both transactions during the construction and operations phases. The Portfolio Finance Analyst will be responsible for supporting the investor funding process for Clearway’s utility-scale wind, solar, and battery energy storage projects. In addition, the Portfolio Finance Analyst will be highly involved in certain asset optimization transactions, including, but not limited to, refinancings, acquisitions of investor interests, “as is” valuations, and other forms of restructurings. This position is located in San Diego (Del Mar), CA. Pay Range by Job Level and geographic location . Analyst ($80,000 - $110,000) (<4 years’ experience) If you don’t meet 100% of the qualifications but see yourself contributing, please submit your resume.

Requirements

• Bachelor’s degree in Finance, Business, Economics, Accounting, Engineering, or 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.

Nice To Haves

• Tax equity experience is highly preferred.
• Experience with reading and interpreting investor financing agreements and project contracts is highly preferred.

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, term loan 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 engineer, transmission consultant, insurance consultant, and other 3rd party advisors, and (iii) other documentation-related funding conditions.
• Updating tax equity tracking models, consistent with the requirements of the tax equity partnership agreements, regularly, 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.

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

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level