Associate-Capital Markets

Primary purpose:

The Associate plays a central role in project finance execution, capital formation, commercial structuring, and underwriting of major growth investments. This role is designed for candidates with a private equity associate-level skillset who are seeking greater ownership, autonomy, and direct exposure to real assets, while maintaining institutional rigor and sponsor visibility.

The role reports directly to a Vice President and works closely with senior management, the private equity sponsor, lenders, and external advisors.

Essential duties and responsibilities

• Project Finance & Capital Formation
  • Lead analytical workstreams for the structuring and execution of construction and term financings for large-scale energy infrastructure projects, including bank debt, private placements, structured equity, and sponsor capital
  • Develop and evaluate optimal capital structures, debt sizing frameworks, covenant profiles, and return metrics across greenfield and brownfield investments
  • Serve as day-to-day finance lead on select transactions, coordinating across internal teams and external advisors (banks, legal counsel, independent engineers)
  • Support lender diligence processes, manage data requests, and assist in negotiation of key financing terms

• Financial Modeling & Investment Underwriting
  • Own the development and maintenance of complex, institutional-quality project finance models, including construction draws, operating projections, debt sizing, and return analysis
  • Perform scenario and sensitivity analyses to evaluate downside protections, capital structure resilience, and sponsor return outcomes
  • Review and refine financial analyses prepared by junior team members and external advisors
  • Translate commercial and contractual terms into clear financial impacts to inform investment decisions

• Strategic Finance & Commercial Support
  • Provide financial leadership and support in commercial negotiations, including offtake agreements, tolling arrangements, and EPC contracts
  • Evaluate contractual risk allocation and economic tradeoffs in coordination with legal and commercial teams
  • Contribute to corporate-level strategic initiatives, portfolio optimization, and capital allocation decisions

• Board, Sponsor & Investor Engagement
  • Prepare board-level materials, investment memoranda, and strategic analyses for senior management and the private equity sponsor
  • Support presentations and diligence processes for lenders, investors, and rating agencies
  • Provide independent analytical recommendations to senior leadership regarding investment, financing, and risk management decisions

Minimum requirements:

Education:

• Bachelor of Science in Business, Accounting, Finance, Economics, or related field.

Experience/Specific Knowledge:

• 2-5 years of relevant experience in:
  • Project finance or infrastructure investment banking
  • Infrastructure / energy private equity
  • Corporate development or strategic finance within energy infrastructure
• Demonstrated involvement in closed transactions, including direct exposure to construction financing
• Experience with midstream, gas-fired power generation, or CO₂ / CCUS infrastructure strongly preferred

Certifications, Licenses & Registrations:

• Must possess and maintain a valid driver’s license and a driving record satisfactory to the company and its insurers (for travel).

Competencies, Skills & Abilities:

• Advanced financial modeling skills with demonstrated ability to independently own complex analyses end-to-end
• Strong understanding of project finance structures, capital markets execution, and contractual risk allocation
• Polished, detail-oriented, and analytical, with a private equity