Engineer/Financial Analyst
Engineer/Engineering Analyst/Financial Analyst – Financial Structuring
JOB SUMMARY
Southern Power’s Financial Evaluation & Structuring organization is part of Southern Power Finance. This position is accountable for the structuring and implementation of tax credit transfers and tax equity transactions for renewable assets. This position also performs financial analysis, financial model development, risk/return analysis, and generation business case development. These activities are done in support of Southern Power Company’s (SPC) strategic growth initiatives and wholesale marketing efforts. This position is located in Birmingham, Alabama, in the Energy Center at the Colonnade. Travel to Atlanta and customer locations across the U.S. is sometimes required but not frequent.
JOB RESPONSIBILITIES
Work closely with both internal and external groups to lead the structuring and implementation of financing activities including the transfer of tax credits and tax equity financing
Manage the ongoing obligations related to tax equity including repowering of current SPC assets
Manage external consultant relationships ensuring timely and accurate third-party reports
Work closely with internal and external groups to identify key risk areas for project economics and collaborate to ensure all items are properly accounted for
Develop financial structuring around tax benefits for renewable asset acquisitions and developments
Support business case development, financial analysis, and risk analysis for renewable (including storage) and gas generation acquisition and development opportunities for SPC
Develop an understanding of renewable energy markets and legislation and how they impact individual projects, specifically the tax incentives for renewables outlined in the Inflation Reduction Act
JOB REQUIREMENTS
Education
BS in Engineering, Finance, Accounting, Economics, Math, or other related technical fields is highly desired
MS in these fields or an MBA is desired
Experience
Experience in one or more of the following areas is desired:
Wholesale/retail utility finance (including proforma & cash flow analysis)
Structured finance and/or tax equity transactions
Contract negotiation
Economic evaluation
Project valuation
Net present value analysis
Risk analysis
Renewable power development & financing
Power system economics
Wholesale product structuring
Power pool/plant economic operations
Experience with generation development, generation asset acquisition, strategic planning, financial planning, and wholesale business development is also desirable
Knowledge, Skills & Abilities
Strong problem-solving skills with a desire to understand complex problems is required
Excellent teamwork, communication, and interpersonal skills are required
Proficiency with standard business software such as Excel, Word, Access, and PowerPoint is required
Advanced knowledge of Microsoft Excel and VBA is desired
Behavioral Attributes
Must demonstrate Our Values: Safety First, Intentional Inclusion, Act with Integrity, and Superior Performance
Ability to build strong working relationships and work in a team environment, including across other departments
Demonstrate commitment to accuracy and attention to detail
Southern Power , a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities, and other energy customers. Southern Power and its subsidiaries own 55 facilities operating or under construction in 14 states with more than 12,500 MW of generating capacity in Alabama, California, Delaware, Georgia, Kansas, Maine, Nevada, New Mexico, North Carolina, Oklahoma, South Dakota, Texas, West Virginia, and Washington.
Southern Company (NYSE: SO) is a leading energy provider serving 9 million residential and commercial customers across the Southeast and beyond through its family of companies. Providing clean, safe, reliable and affordable energy with excellent service is our mission. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy infrastructure company with national capabilities, a fiber optics network, and telecommunications services. Through an industry-leading commitment to innovation, resilience, and sustainability, we are taking action to meet our customers’ and communities’ needs while advancing our commitment to net zero emissions by 2050. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success. We are transforming energy into economic, environmental and social progress for tomorrow. Our corporate culture and hiring practices have earned the company national awards and recognition from numerous organizations, including Forbes, Military Times, DiversityInc, Black Enterprise, J.D. Power, Fortune, Human Rights Campaign and more. To learn more, visit www.southerncompany.com.
Southern Company is an equal opportunity employer where an applicant's qualifications are considered without regard to race, color, religion, sex, national origin, age, disability, veteran status, genetic information, sexual orientation, gender identity or expression, or any other basis prohibited by law.
Job Identification: 6096
Job Category: Engineering
Job Schedule: Full time
Company: Southern Power