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Project Finance Co-op

Oakville, ON, CA, L6J 2X1

Our purpose is sustaining energy and water for life, and it is demonstrated in everything we do as a business, and as an employee team.


Purpose

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.

 

Accountabilities

  • 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

 

Education and Experience

  • 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

Algonquin Power & Utilities Corp. is a growing renewable energy and utility company with over $15 billion of assets across North America and internationally.

For more than 30 years, Algonquin has demonstrated an unwavering commitment to delivering clean energy and water solutions. Our rapid growth has led both our regulated utility services and renewable energy business groups into different geographies and commodities, but our purpose remains unchanged – Sustaining Energy and Water for Life.

 

Through our operating business (Liberty), we provide regulated electricity, water, and natural gas utility services to over 1 million customer connections, primarily in North America. And, our growing portfolio of clean, renewable wind, solar, hydro and thermal power generation facilities represent over 3 GW of renewable generation capacity in operation and under construction.

 

With our robust, diversified, and growing presence in communities across North America and internationally, we are continually demonstrating our “Think Global,  Act Local” business model.

 

What we offer
•    Collaborative environment with a genuine flexible working policy
•    Employee Assistance Program
•    Achievement fund
•    Free parking, including free electrical charging

 

We are focused on building a diverse and inclusive workforce.  If you are excited about this role and are not certain you meet the all the qualification requirements, we encourage you to apply to further investigate the opportunity.

 

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 honor this commitment in their daily responsibilities.

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