Associate/ Sr. Associate - Investments
Annapolis, MD
Investment Team /
Hybrid
THE COMPANY
HASI is an investor in sustainable infrastructure assets advancing the energy transition. With more than $14 billion in managed assets, our investments are diversified across multiple asset classes, including utility-scale solar, onshore wind, and storage; distributed solar and storage; RNG; and energy efficiency. We combine deep expertise in energy markets and financial structuring with long-standing programmatic client partnerships to deliver superior risk-adjusted returns and measurable environmental benefits. HA Sustainable Infrastructure Capital, Inc. is listed on the New York Stock Exchange (Ticker: HASI). For more information, visit www.hasi.com.
Position Summary
HASI is currently seeking an Associate/Senior Associate with renewable financing experience to join our team. This individual will work in the Investment Group, executing ongoing investments within HASI’s investment portfolio. The types of investments include distributed generation, solar, storage, clean fuels and EV infrastructure projects. The core responsibilities of the role include supporting transaction execution, analyzing financial models, completing due diligence, reconciling financial documentation for transaction execution, and participating in ongoing portfolio asset management.
Salary Range:
Expected salary range of $120,000-$155,000, based on experience and location. In addition, HASI offers an annual bonus program; 401(k) with company match; an equity incentive program; comprehensive medical, dental and vision benefits; paid time off for vacation, holidays, and sick days; and much more.
Responsibilities
Investing Activities
Support transaction and due diligence processes for debt/equity investments and acquisition activity, including analyzing terms in underlying project agreements which may impact economic returns (i.e. operating agreements, financing agreements, and power offtake agreements).
Interface directly with clients, legal, technical/engineering and portfolio management teams to support upcoming closings, transaction amendments and ongoing underwriting activities.
Manage financing models including underlying project operating pro formas, analyze investments and evaluate the associated risks. Work closely with cross-functional teams to confirm appropriate assumptions for project investment models, and manage transaction approval processes.
Capital Markets Activities
Support financing processes for partnership-level project finance transactions, including backleverage and syndications. Assist in review and negotiation of documents, facilitate investor due diligence processes, and own financing model.
Liaise for corporate due diligence requirements related to underlying project and portfolio investments.
Portfolio Management
Work closely with the members of the Portfolio Management and risk management teams to provide specific investment expertise to assist in commercial decision making relating to portfolio assets.
Specific Recommended Knowledge and skills
Very strong MS Excel financial modeling and data mining skills, with demonstrable experience developing and managing complex financial models
Strong attention to detail
Relevant industry experience in energy, banking, tax equity/equity investing, consulting or the energy/utilities sector
Familiarity with energy project finance transactions and documentation
Strong interpersonal skills with the ability and desire to work in a fast-paced, innovative, entrepreneurial environment
Excellent written and verbal communication skills (to include listening)
Dependable and reliable, excellent at taking initiative, can work independently without close supervision, and be a supportive team member
Education and Prior Work Experience
Bachelor’s degree from a four-year institution; CFA and/or MBA preferred
At least 3 years of experience in finance in the renewable energy sector, ideally including tax equity partnerships, project finance and structured debt or equity finance.
Experience in modelling, ideally involving structured debt and equity investments, including intimate knowledge of tax equity partnership flip and lease models for renewable energy assets.
Demonstrable experience with renewable energy project underwriting and transaction document negotiation.
EEO STATEMENT
The Company maintains a policy of non-discrimination in employment and complies with and supports all Federal, state, and local laws regarding discrimination in employment. Specifically, the Company does not discriminate in employment opportunities or practices against any employee, intern, or applicant on the basis of race, color, gender, sex, sexual orientation, gender identity, religion, ancestry, national origin, age, citizenship status, marital status, pregnancy (including childbirth, lactation, or related medical conditions), mental or physical disability, veteran status, uniformed servicemember status, genetic information (including testing and characteristics), or any other characteristic to the extent prohibited by federal, state, or local law. Decisions regarding staffing, selection, and promotions are made on the basis of individual qualifications related to the requirements of the position.
