What are the responsibilities and job description for the Intern, Capital Markets position at Clearway Energy?
Who We Are Looking For
The Capital Markets Intern will be part of the Clearway Capital Markets Team and will report to Iris Korovesi, Senior Director, Capital Markets. The Capital Markets Team is responsible for project finance, valuation, analysis, process improvement and data systems in the Battery Storage, Utility Solar, and Utility Wind space. In particular, the team is responsible for the analysis and structuring of non-recourse construction debt, term debt, tax equity, and cash equity (project sale) transactions for renewable energy projects in the US.
This position is part of the 12-week Summer Internship Program at Clearway Energy Group beginning in June 2024.
We are looking for current juniors or rising seniors pursuing a bachelor’s degree in Engineering, Math, STEM, Finance, Business, Economics, or a related field.
Throughout this summer internship program, you’ll get exposure to real projects and challenges while gaining first-hand professional experience. At Clearway, you’ll gain access to an innovative and fast-paced work environment. You’ll also participate in networking and learning events with your fellow intern cohort.
The preferred location is our San Francisco office.
What You'll Be Doing
The Capital Markets Intern primary responsibilities will include:
Models Optimization
- Refine a set of reusable Excel-based project financing model templates that serve our project origination, development, construction, financing, and asset management business.
- Develop and improve the data automation connecting the project financing models and financial data systems that enable efficient use of the model at scale (for many projects).
- Help architect and implement the analytical and data infrastructure that enables structured project financing analysis to be leveraged across the organization in project financings, internal tracking/reporting, external tracking/reporting, budgeting, etc.
Financial Modeling & Management
- Implement the terms of the tax equity, construction debt, term debt, cash equity, etc. financing in the project financing model templates.
- Communicate to internal stakeholders our underwriting standards and implement those standards in the project financing model templates.
- Support running financing processes to find and secure sources of capital that are the best fit for the company’s goals.
- Support presentations and reports on transaction status, risks, and benefits to the Leadership Team
The Capital Markets Intern will be assigned to an individual project and will present results to the project leadership at the end of the summer.
What You'll Bring
Core Knowledge and Skills
- Understanding of key financial concepts such as general ledgers, balance sheets, accrual vs. cash accounting, etc. to be able to understand and navigate financial data systems.
- Understanding of data tables and databases.
- Advanced Excel skills.
- Ability to work well in a collaborative environment that emphasizes attention to detail, meeting deadlines, and working together to achieve company-wide objectives.
- Intellectual curiosity and an interest in renewable energy. You’re here because you believe in and want to help create a clean energy future.
- Strong interpersonal skills. You’re willing to ask lots of questions, listen to your colleagues, and contribute your ideas.
- Self-motivated, dependable, and accountable. This means showing up, being present, and being eager to dive into the workday. If you ever feel like you’ve completed all your tasks and have time to spare, you’re eager to speak up and ask what else you can do.
- Ability to work independently, multitask, and take ownership of projects and assignments. You’re comfortable taking initiative, asking questions, and speaking up.
If you don’t meet 100% of the above qualifications but see yourself contributing, please submit your resume.
It Would Be Nice If
Preferred Qualifications
- Project Finance modeling (i.e., discounted cash-flow with multiple parties) experience.
- Experience working in the power or infrastructure industry.
- Background with VBAc. and an interest in sharpening those skills through working on real-world projects.
Clearway will not sponsor nonimmigrant visas for this position (H-1B, TN, E-3, etc.).
