Location:
New York, NY (On-Site)
Reporting to the Chief Financial Officer, the Director will join a team of high performing and collaborative professionals, working closely together on the development and execution of TerraForm Power’s growth and capital recycling strategies in North America. The Business Development Director will also support key initiatives related to capital deployment—primarily through underwriting greenfield project development—and including operating asset investment and divestiture opportunities.
The Business Development Director will focus on supporting senior management in executing renewable power investment opportunities as the lead investment underwriter; leading and developing a junior team of investment professionals and modeling activities; serve as a key point of contact between TerraForm Power and the Brookfield Investment Team; develop and execute on strategic initiatives including capital recycling initiatives. Our strategy is to leverage TerraForm Power and Brookfield's competitive advantages, including geographical scale, local presence, access to large-scale capital and our operations-oriented approach, to advance and acquire high-quality assets on a value basis. This position would be suitable for candidates who thrive in a performance-driven environment that emphasizes employee leadership and accountability for delivering results.
Responsibilities•Lead development investment decisions and other transaction execution, which includes due diligence of potential investments, identifying key investment merits and risks and ranges of outcomes or scenarios, meeting with the development and management teams, reviewing project and transaction documentation, and working in conjunction with third-party consultants as required
•Conduct valuations of development and operating renewable energy and storage assets using various methods such as precedent transactions and Discounted Cash Flow (DCF) valuations;
•Lead and build detailed financial models, including ownership of the form of model for the company, used in the evaluation of potential transactions and to support transaction execution;
•Create presentation materials and present to senior management team and investment committees in a concise and comprehensive manner;
•Support significant strategic initiatives for the company, including corporate level M&A;
•Review existing portfolio assets and assist with various value enhancing business plan initiatives
•Coordinate with cross functional teams to contribute to the due diligence process and liaise with external stakeholders in evaluation of investment opportunities;
•Assist in developing ideas for potential transaction and deal structures, perform industry research and evaluate new market segments and potential opportunities;
•Manage external processes for acquisition and divestiture of assets with and without third party financial advisors;
•Conduct special projects as required.
Requirements
•University degree in a quantitative field such as finance, business or accounting with high academic standing
•6-10 years of relevant work experience including managing junior banking or investment professionals, preferably in renewable power or infrastructure finance within investment banking, project finance, transaction services, or a valuations functions exposed to buyside and sellside transactions at project and corporate levels
•Experience conducting research and due diligence, evaluating transaction opportunities, performing financial and valuation analysis, and producing investment materials for senior management
•Proven experience in detailed financial modeling in Excel including valuation and financing of investment opportunities
•Proficiency with PowerPoint and other Microsoft Office tools.
•Professional with a positive attitude and capable of contributing to a dynamic and team-oriented culture.
Salary
: $250,000-$275,000; bonus eligible