Current Opportunities >> Project Finance Co-op - Winter 2020
Project Finance Co-op - Winter 2020
Summary
Title:Project Finance Co-op - Winter 2020
ID:105851
Subsidiary:Liberty Utilities
Department:Accounting & Finance & Audit
Location:Oakville, ON
Country:Canada
Zip/Postal Code:L6J 2X1
Description

Title: Project Finance Co-op

Work Term: Winter 2020

Length of Term: 4 months

 

 

Algonquin Power & Utilities Corp is a North American diversified generation, transmission and distribution utility with $10+ billion of total assets. (APUC) delivers continuing growth through an expanding pipeline of renewable energy development projects, organic growth within its regulated distribution and transmission businesses, and the pursuit of accretive acquisitions.

The distribution business group (Liberty Utilities) provides rate regulated water, electricity and natural gas utility services to over 750,000+ customers in the United States. The transmission business group invests in rate regulated electric transmission and natural gas pipeline systems in the United States and Canada.

The generation business group (Liberty Power, formerly known as Algonquin Power) owns a portfolio of regulated and long term contracted North American based wind, solar, hydroelectric and thermal powered generating facilities representing more than 1.5+ GW of installed capacity.

Our vision is to be the utility company most admired by customers, communities and investors for our people, passion and performance.

Mandate: This position is focused on raising capital to finance infrastructure and renewable power projects. This includes arranging project financing, construction loans and other forms of non-recourse financing in support of the company’s development strategy. The incumbent will play a role in all aspects of the financing process including: going to market to raise financing, negotiation terms, documentation of transaction, due diligence process, final closing of financing, drawing down funds and repayment of debt facilities.

Job Functions:

  • Work closely with senior level members of the Project Finance Team (Director and Senior Manager) in a high-profile role sought at supporting Algonquin’s strategic growth through active participation in the capital markets.
  • Role in all aspects of the project finance and tax equity raise process including: market eminence, soliciting initial lender interest, soliciting indicative term sheets, obtaining signed mandate letters, due diligence, financial close, drawing down debt facilities, lender reporting, troubleshooting issues during construction / commissioning, conversion of construction debt to operating debt or the repayment of debt facilities on maturity.
  • Assist the Project Finance Team in preparing for negotiations with financing parties through all deal phases ensuring the best possible terms for Algonquin.
  • Responsibilities connected to supporting aspects of the financing process including the management of due diligence. Expedite and coordinate efforts of the various Algonquin contributors, ensuring due diligence and funding achievements are met.
  • Support the Project Finance Team's work with internal and external legal counsel for drafting, editing and finalizing financing agreements.
  • Partner with Algonquin’s Business Development team to ensure partnership and bilateral support of the overall company’s development strategy.
  • Support the Project Finance team to establish standard and repeatable work processes for sourcing and executing on Project and Tax Equity financings.
  • Day to day execution of Project Finance Tasks, including but not limited to: getting projects to a bankable state, taking projects to market to raise financing, financial modeling, maintaining data rooms, updating due diligence logs, market intelligence, planning conference attendance, updating reporting dashboards and other tasks in support of the project financing team

Minimum Qualifications:

  • Currently enrolled in College or University within Business with a focus on Finance, Accounting or Economics as well as Mathematics Statistics or Actuarial Science degree. Preference to a 3rd or 4th year Undergrad or MBA.
  • Working towards a finance designation is an asset (i.e. CFA, CSC, CPA etc.)
  • Experience with Excel, specifically financial model skills is desirable. Experience with Visual Basic an asset
  • Strong analytical and problem solving skills with the confidence to question current processes
  • Ability to work in a fast paced environment and meet strict deadlines
  • Strong communication, interpersonal and team-building skills with ability to work independently and handle priorities
  • Strong analytical and problem solving skills with the confidence to question current processes
  • Language abilities in Spanish, Portuguese or French are an asset

We are an equal opportunity employer and value each person’s unique background, diversity, experiences, perspectives and talents. Full participation of all employees in a safe, healthy and respectful environment is key to individual and company success. We are committed to fully utilizing the abilities of all of our employees and expect each of our employees to honour this commitment in their daily responsibilities.

As part of our commitment, we work to ensure our application process is accessible to all candidates. If you require special assistance or accommodation during the hiring process, please notify the Talent Acquisition consultant.

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