Engineering Analyst/Financial Analyst – Financial Evaluation & Analysis
JOB SUMMARY
Southern Power’s Financial Evaluation & Analysis organization is part of Southern Power Finance. This position is accountable for performing financial analysis, financial model development, risk/return analysis, and generation business case development. This position also supports the structuring and implementation of tax equity transactions for renewable assets. These activities are done in support of Southern Power Company’s (SPC) strategic growth initiatives and wholesale marketing efforts. This position is located in Birmingham, Alabama, in the Energy Center at the Colonnade.
The successful candidate will have the opportunity to gain expertise in (a) financial valuation of renewable and gas projects, including the application of relevant accounting concepts, (b) various planning and forecasting functions of the utility industry, and (c) the structure of power markets across the U.S. The candidate will support the team by developing acquisition and development business cases. Other areas the candidate will have the opportunity to work with include, but are not limited to:
- Asset acquisitions and understanding the transaction prices of projects given a certain risk profile
- Tax equity partnership deal structuring and implementation
- Understanding power and economic forecasts used in modeling including
- Understanding cost of capital and financial hurdle rates
- Acquisitions and development of gas and renewable power assets, including but not limited to wind, solar, and storage facilities
- Understanding energy markets and legislation and their impact on individual projects
JOB REQUIREMENTS
Education
- BS in Engineering, Finance, Accounting, Economics, Math, or other related technical fields is highly desired
- MS in these fields or an MBA is desired
Experience
- Experience in one or more of the following areas is desired:
- Wholesale/retail utility finance (including proforma & cash flow analysis)
- Economic evaluation
- Project valuation
- Net present value analysis
- Risk analysis
- Structured finance and/or tax equity transactions
- Tax accounting
- Renewable or gas power development and financing
- System planning activities/modeling
- Power system economics
- Wholesale product structuring
- Power pool/plant economic operations
- Experience with generation development, generation asset acquisition, strategic planning, financial planning, and wholesale business development is also desirable
Knowledge, Skills & Abilities
- Strong problem-solving skills with a desire to understand complex problems is required
- Excellent teamwork, communication, and interpersonal skills are required
- Proficiency with standard business software such as Excel, Word, and PowerPoint is required
- Advanced knowledge of Microsoft Excel and VBA is highly desired
Behavioral Attributes
- Must demonstrate our values: Safety First, Intentional Inclusion, Act with Integrity, and Superior Performance
- Ability to build strong working relationships and work in a team environment, including across other departments
- Demonstrate commitment to accuracy and attention to detail
JOB RESPONSIBILITIES
- Develop business cases, financial analysis, and risk analysis for renewable and gas generation acquisition opportunities for SPC
- Develop and implement processes and tools that allow for financial evaluations of business opportunities
- Develop financial structuring around tax benefits for renewable asset acquisitions and developments
- Work closely with internal and external groups to identify key risk areas for project valuations and collaborate to ensure all items are properly included within the financial model
- Measure financial risks associated with wholesale generation assets and establish appropriate project hurdle rates for new generation investments
- Work closely with both internal and external groups to support the structuring and implementation of financing activities including tax equity financing or tax credit transfers
