Project Finance Co-op
Algonquin Power & Utilities Corp.
- Oakville, ON
- Permanent
- Full-time
- 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
- 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. 4th year Undergrad or MBA student preferred.
- 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
- Customer Centric
- Integrity
- Entrepreneurial
- Teamwork
- Owner mindset
- Outcome focused
- Continuous learning
- Collaborative environment with a genuine flexible working policy
- Free refreshments
- Challenging work
- Within walking distance to the Go Train station