Portfolio Finance Associate

Aypa Power • Austin, TX

121d

About The Position

Aypa Power, a Blackstone portfolio company, is a leading developer, owner, and operator of utility-scale energy storage and hybrid renewable projects that power our communities and cities. Our mission is to responsibly decarbonize the grid and make North American energy markets more affordable, sustainable, and efficient. Aypa is well-capitalized and uniquely positioned to lean forward on projects with well-suited deal structures to meet our customers’ needs. We have been at the forefront of energy storage development since our first energy storage project came online in 2018. As a leader in our industry, we have over 22 GW of utility-scale energy storage and hybrid renewable energy projects in development and 33 projects in operation or construction across North America. The Portfolio Finance Associate will report to the Director of Portfolio Finance and play a critical role in managing the financial aspects of Aypa Power's diverse project portfolio, where the Portfolio Finance team oversees over $3 billion of existing financings, which is growing $1-2 billion per annum. This position requires strategic financial oversight, collaboration with cross-functional teams, and an understanding of tax equity, project finance, corporate finance, and asset management within the renewable energy sector.

Requirements

• Minimum 4+ years of finance, asset management or FP&A work experience, ideally with exposure to the energy or asset management industries.
• Undergraduate degree in engineering, finance, business, or accounting.
• Familiarity with transactions in the renewables space including construction financing and the funding and drawdown process, with tax equity financing or fund management experience a major plus.
• Technical understanding to support budgeting, forecasting, and financing.
• Ability to review and understand complex contracts, including technical, financial, and legal concepts with respect to major infrastructure projects.
• Financial modeling experience in energy or infrastructure is required.
• Familiarity with complex portfolio management.
• Ability to work and effectively communicate and influence other business partners.
• Advanced knowledge of MS Excel, PowerPoint, and PowerBI; ability to analyze and interpret data.
• Strong business acumen, analytical, and decision-making skills.
• Excellent interpersonal and communication skills, both written and verbal.
• Desire to work with an entrepreneurial and rapidly growing company and play an active role in shaping the trajectory of the firm.

Responsibilities

• Play a lead role in growing Aypa’s Portfolio Finance function, liaising across the organization to ensure sound execution and compliance with the company’s existing financings.
• Oversee financial operations and compliance for a $2 billion construction warehouse facility, including modeling, planning, capex tracking, covenant testing and reporting, and payment execution.
• Working closely with cross functional teams, manage loan draw processes, consultant deliverables, and project onboarding to ensure readiness and eligibility for warehouse financing.
• Coordinate reporting and take-out strategies for projects transitioning from the warehouse to long-term financing structures such as tax equity financing, term loans or private placements.
• Provide FP&A support and maintain debt and tax equity financial models after commercial operations date, delivering key information to facilitate annual planning, budgeting, corporate model maintenance, and cash and tax forecasts.
• Provide advice, best practices, and transaction support to deal execution teams in the structuring and execution of financings.
• Ownership of key aspects of the warehouse model, corporate model and strategic business reporting/analysis.
• Management and cultivation of financing partner relationships with counterparty stakeholders as part of administering the portfolio during operations.
• Manage the interest rate hedging program, including compliance and supporting accounting on hedge effectiveness analysis.
• Partner with asset management and leadership to navigate contract amendments, consents, waivers, etc., and more broadly facilitate smooth and efficient information sharing across Aypa.
• Support ongoing planning and reporting requirements to Blackstone.
• Perform ad-hoc projects and duties as required or assigned.

Benefits

• A base salary commensurate with experience.
• An annual bonus will be awarded based on individual performance and the overall success of the business.
• An attractive benefits package with excellent health care/dental/vision.
• 401k matching.
• Unlimited vacation.
• Paid parental leave.
• Other health/wellness benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 101-250 employees