Manager, Financial Modeling & Portfolio Valuation

lightsource bp • Burlingame, CA

92d • $142,000 - $157,000

About The Position

We are Lightsource bp – and we’re on a mission to become a global leader in onshore renewables, anchored by our proven track record in solar development. For over a decade we’ve been actively working to diversify the way our world is powered with sustainable and responsible renewable power. We work to safely deliver affordable, reliable, large-scale onshore renewable and energy storage solutions to help the world decarbonise. Our growing business is constantly innovating and investing to help drive the energy transition. Our people and projects are focused on supporting long-term sustainable growth and energy security. Lightsource bp was fully acquired by bp in 2024. As a global developer, LSbp has adopted a capital-light model designed to retain management and equity interest in projects whilst minimising capex and debt consolidation. Therefore, once developed, project funding is relying extensively on third party capital including debt, tax equity, structured and/or common equity. This is a hybrid role and must be performed out of our Austin, Denver, or San Francisco office.

Requirements

• Strong excel skills, VBA, Power Query, Power Bi (or similar data analysis tools).
• Ability to build financial models for project valuations and raising project level debt.
• Understanding the key drivers that will impact a valuation.
• Understanding key project finance debt sizing requirements.
• Good exposure and understanding of typical tax-related problems that can arise from investing in businesses outside the UK.
• Engineering or business degree.
• Proven ability to independently build financial models and run sensitivities.
• Track record of acting as the primary modeler on a debt raising transaction.
• Prior experience in taking a project through an IC committee would be a plus.
• 3-5 years of relevant work experience.

Nice To Haves

• Prior valuation experience would be a plus.

Responsibilities

• Creating, developing and maintaining appropriate and robust financial models for each individual asset portfolio.
• Calculating returns and valuations for investments.
• Sizing debt, calculating ratios and running sensitivities for different scenarios.
• Assisting in short-, medium- and long-term corporate level business planning and budgeting.
• Updating portfolio models with actuals provided by the Finance team.
• Providing support in debt financing/re-financing and M&A transactions.
• Working with independent advisors and internal teams to develop in-depth knowledge of value drivers.
• Providing timely financial modelling advice to stakeholders.
• Maintaining monthly, semi-annual and annual cash flow models.
• Supporting with Budgeting and financial planning.
• Supporting with Board presentations and analysis for various stakeholders.
• Reviewing the Asset Valuation Framework and providing update recommendations.
• Updating individual asset portfolio models on a semi-annual basis.
• Preparing valuation reports in a timely manner.
• Providing ad-hoc model updates to support specific investment or divestment initiatives.
• Creating or updating portfolio models for valuation and divestment purposes.
• Supporting the IM Portfolio Management group on investor compliance matters.
• Performing financial analysis of proposals from other members of the team.
• Providing analytical support on risk analysis/scenario planning.
• Contributing to the generation of new asset investment or divestment ideas.
• Reporting/recommending to internal stakeholders on financial performance or valuation matters.
• Engaging with the Structured Finance Team and ensuring best practices are shared.

Benefits

• Competitive compensation: $142,000 to $157,000 annually plus a 20% annual bonus.
• Health, dental, prescription, and vision care for US team members starts on your first day of employment with zero premiums for employee-only coverage.
• Retention bonuses.
• Four weeks of vacation and three weeks of sick leave annually plus 11 paid holidays.
• 401(k) plan, with a 3% nonelective employer contribution.
• Hybrid working environment (Tuesday, Wednesday & Thursday in office, Monday and Friday remote).
• Monthly personal phone bill reimbursement of up to $100 and a monthly commuter benefit of up to $150.
• Lifestyle Savings Account and more!

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees