Associate, M&A

Onward Energy•New York, NY

2d•Onsite

About The Position

Onward Energy is seeking an Associate to support the growth of its independent power platform through acquisitions, financings, and development of utility-scale renewable, natural gas, and battery storage projects. The role develops and maintains financial models, prepares investment memos, coordinates cross-functional due diligence, and provides analytical support for new initiatives. Associates receive meaningful responsibility, exposure to senior leaders and transaction decision-making, and opportunities to broaden commercial, financial, and strategic skills through hands-on experience. The M&A team works in a high-performance environment emphasizing quality, accountability, responsiveness, ownership, and execution. Associates are expected to contribute thoughtful analysis, independent judgment, and well-reasoned recommendations. The position is based in a professional office in New York City or Denver, Colorado, and may require travel up to 10%.

Requirements

Bachelor’s degree in Finance, Business Economics, or another rigorous quantitative discipline; experience may substitute for a degree.
At least two years of experience in investment banking, project finance, development, or asset management in power and utilities, with a focus on financial analysis.
Excellent financial modeling skills and strong proficiency in Microsoft Office, including Excel, Word, and PowerPoint.
Exceptional analytical capabilities, attention to detail, and ability to produce accurate, well-organized, audit-ready analysis under tight timelines.
Strong organization and ability to manage multiple projects and track requirements, deliverables, and timelines under strict deadlines.
Familiarity with U.S. power markets and eagerness to increase power-market knowledge.
Self-starter with a strong work ethic.
Strong verbal and written communication and presentation skills.
Ability to work independently and as part of a cross-functional collaborative team.
Ability to meet the position’s physical requirements, with or without reasonable accommodation, including standing, walking, talking, hearing, close and distance vision, sitting, climbing or balancing, stooping, kneeling and/or crouching, and lifting or moving up to 10 pounds.
Ability to travel up to 10%.

Nice To Haves

Experience with agentic AI tools and the ability to develop, adapt, and optimize AI-driven workflows.
Familiarity with tax equity financing structures.

Responsibilities

Prepare and use Excel-based financial models for utility-scale power M&A and development activities.
Analyze investment opportunities quantitatively and qualitatively, including DCF valuation modeling, financial statement analysis, market and industry research, and competitive analysis.
Develop internal memos and presentations, including investment memos for the Company's owners, focused on investment returns and valuation metrics.
Present financial results and investment recommendations to senior management and the Company's owners.
Assist with raising debt and tax equity for acquisition targets, including creating lender models, structuring third-party capital, preparing ratings agency presentations, and coordinating due diligence.
Coordinate and assist with due diligence from screening through closing, collaborating with functional teams, management, external advisors, and transaction counterparties to support timely information flow and incorporate material findings into models, valuation analyses, and recommendations.
Support review of transaction documentation and commercial agreements, identifying financial, operational, and valuation implications.
Provide analytical and modeling support for companywide initiatives, including sales, re-contracting, redevelopment, and other portfolio projects.
Support M&A sourcing efforts and maintain the M&A opportunity pipeline.