Associate, Renewables Project Finance

Prologis, Inc. is the global leader in logistics real estate. In partnership with our customers and our communities, we develop modern, high-quality properties that set the standard for innovative building design and sustainability. Prologis owns or has investments in properties and development projects of ~1.2 billion square feet in 19 countries and enables 2.8% of the world’s GDP. We have committed to achieve net zero emissions by 2040. Beyond real estate, our Essentials platform optimizes the company’s global asset portfolio to provide our customers solutions that address today’s warehouse and shipping challenges. Prologis Ventures invests in logistics innovation and technology companies to modernize supply chains worldwide.

Job Title:

Associate, Renewables Project Finance

Company:

Prologis

Associate, Renewables Project Finance – Denver, CO or San Francisco, CA

A day in the life

The Associate will play a critical role in financial modeling, due diligence and executing renewable energy transactions, and collaborating with internal teams.  This role requires a strong foundation in financial modeling, an understanding of renewable energy project finance, and the ability to work in a fast-paced environment. The ideal candidate will have experience in project finance or structured finance within the energy sector.

Key responsibilities include:

• Lead various aspects of supporting the commercial team in all finance-related areas including proforma ownership to ensure underwriting reflects an accurate view of project economics (DCF, IRR, NPV, and other metrics).   
• Assess overall project risks with sensitivity analysis and recommend mitigation strategies.
• Engage with internal & external stakeholders to inform project decisions and drive business results.
• Provide strategic financial insights to the development team to support negotiations with counterparties, customers & offtakers.
• Support team in external capital raising efforts including debt, tax equity and/or minority equity.
• Support memo drafting and research for new opportunities for Prologis investment committee.

Building blocks for success

Required:

• 3+ years of experience working directly on energy projects, ideally commercial solar storage.  Familiarity with power purchase agreements (PPAs), interconnection, and tax incentives (ITC, MACRS, etc.).
• Bachelor's degree in Finance, Economics, Business, Engineering; MBA or CFA are a plus.
• Strong financial modeling and valuation skills, with proficiency in Excel and financial analysis tools, and general understanding of financing structures.
• Self-starter with strong ability to work independently to accomplish job duties with minimal need for guidance and support in making decisions and recommendations.
• High degree of comfort in a dynamic, fast-paced work environment with ability to effectively manage priorities, communicate to stakeholders, and meet deadlines.

Preferred:

• Deep level of knowledge of tax credits and deal structuring specific to renewable projects.
• Strong understanding of behind the meter solar economics including net metering concepts, RECs, and utility incentives.

Hiring Salary Range of: $95,000 - $140,000. Salary and whole compensation package (bonus target) to be determined by the candidate’s location, education, experience, knowledge, skills, and abilities, as well as internal equity and alignment with market data.

People First

Each of us working at Prologis plays an essential role in the enduring success of our company. We value people who are decisive, courageous and adaptable. While we are one company, locations and departments operate with autonomy and accountability. Individuals take the initiative here.

When you join Prologis, you work shoulder to shoulder with some of the top talent in the industry to do the best work of your career. Every employee belongs. Every employee contributes. Employees advance their careers here.

As a successful global enterprise, Prologis has never lost sight of what matters most, our strong belief that our people are the most important part of our business. And because of that, we provide a generous total rewards package and take a lot of time to focus on quality management and leadership development. People come first here.

All full-time roles in the US come with a robust benefits package which includes healthcare, dental, and vision insurance for employees and eligible dependents. Prologis