Associate, Sustainable Investments

~ Hannon Armstrong (NYSE: HASI) focuses on making investments in climate change solutions by providing capital to the leading companies in the energy efficiency, renewable energy and other sustainable infrastructure markets. ~

Our goal is to generate attractive returns for our stockholders by investing in a diversified portfolio of investments that generate long-term, recurring and predictable cash flows from proven commercial technologies. Based in Annapolis, Maryland, Hannon Armstrong is proud to be the first U.S. public company solely dedicated to investments that reduce carbon emissions or increase resilience to climate change. For more information, please visit our website. Follow Hannon Armstrong on LinkedIn and Twitter @HannonArmstrong.

Position Overview

Hannon Armstrong is currently seeking an associate with structured financing experience to join our team in Annapolis, MD. This individual will work in the Investment Group with the Private Investment Team in building and managing HASI’s sustainable investment portfolio.

The core responsibilities of the role will include supporting transaction execution, including supporting negotiations, analyzing and creating financial models, completing due diligence, reconciling financial documentation for transaction execution, supporting business development activities, and participating in ongoing portfolio asset management.

In addition, the position will involve working with the Capital Markets team in developing and executing on the corporate funding strategy related to the sustainable investment portfolio.

Responsibilities

Investing Activities:

• Support transaction and due diligence processes for debt/equity investments and acquisition activity, including analyzing terms in underlying project agreements which may impact economic returns (i.e. operating agreements, financing agreements, and power offtake agreements).
• Build and manage financing models, including underlying project operating pro formas, to analyze and structure investments and evaluate the associated risks.
• Work closely with cross-functional finance team (Investment Group, capital markets, accounting, and engineering) to develop appropriate assumptions for project investment models.
• Build and manage portfolio models, incorporating underlying project/partnership models.
• Develop and understand portfolio diversification or concentration considerations to evaluate and manage the associated risks.
• Work closely with the Investment Group in all facets of investment execution, from initial qualification evaluation, term sheet development, internal investment proposal, due diligence, and documentation closing.

Capital Markets Activities:

• Liaise for corporate due diligence requirements related to underlying project and portfolio investments.

Portfolio Management:

• Work closely with the members of the Portfolio Management and risk management teams to provide specific investment expertise to assist in commercial decision making relating to portfolio assets.

Qualifications

Education and Prior Work Experience:

• Bachelor’s degree from a four-year institution; CFA and/or MBA preferred.
• At least 2 years of experience in finance in the sustainable energy sectors, ideally including tax equity partnerships, project finance, and structured debt or equity finance.
• Experience in modelling, ideally involving structured debt and equity investments, including intimate knowledge of tax equity partnership flip and lease models for wind and solar assets.
• Demonstrable experience with renewable energy project underwriting and transaction document negotiation.

Specific Recommended Knowledge and Skills:

• Very strong MS Excel financial modeling and data mining skills, with demonstrable experience developing and managing complex financial models.
• Strong attention to detail Relevant industry experience in energy, banking, tax equity/equity investing, consulting or the energy/utilities sector.
• Familiarity with energy project finance transactions and documentation.
• Strong interpersonal skills with the ability and desire to work in a fast-paced, innovative, entrepreneurial environment.
• Excellent written and verbal communication skills (to include listening).
• Dependable and reliable, excellent at taking initiative, can work independently without close supervision, and be a supportive team member.