Associate, Private Equity

Overview

Founded in 1990, LS Power is a developer, investor and operator of power generation, transmission and energy infrastructure projects in North America and operates with offices in several states including NY, NJ, CA, MO and TX. Since its inception, LS Power has invested over $48 billion to construct, acquire and operate such projects, including over $10 billion in committed equity capital across our four flagship private equity funds and related investment partnerships. LS Power employs an integrated, multi-disciplinary approach, with a team of over 300 people covering every area of expertise required to execute successfully in the sector.  LS Power has developed and constructed more than 660 miles of transmission infrastructure and has additional projects in the construction and planning stages. The total projected capital cost of LS Power’s transmission projects in the operational, construction or planning stages is over $3 billion.   We are active in renewable energy and energy storage via our affiliate Rev Renewables, and active in customer-facing distributed generation/energy efficiency via our ownership of platforms such as CPower Energy Management, Endurant Energy, and EVgo.  As a developer, investor and operator in the energy sector, we possess a unique combination of industry-specific expertise, resources and relationships that enable us to arrive at creative solutions to the current and future needs of our customers and investors.

LS Power is seeking an Associate for our Private Equity team to support LS Power’s growth in new areas, including many related to decarbonization and the low-carbon energy transition.  Reporting to LS Power’s Senior Vice President for Business Development, the Associate will work across both LS Power’s Private Equity fund and development arm to identify, diligence, and execute on investments and initiatives in areas such as low-carbon power, resource efficiency, hydrogen, carbon capture, and digital infrastructure.

Responsibilities

• Support LS Power's entry into new businesses via both M&A and organic development
• Inform internal views on the attractiveness of new subsectors and technologies, through fundamental economic modeling, market sizing, industry research, and company diligence  
• Support execution of different development and investment initiatives by building financial models, gathering industry data points, coordinating due diligence, crafting commercial terms, and compiling internal materials to inform decisions
• Perform financial analysis related to potential investments including: net present value, internal rate of return, merger consequences, projected cash-flow, and cost-benefit analysis
• Use granular plant production, dispatch and cost information, independent assumptions, and material provided or derived from third-party consultants and counterparties
• Conduct industry and company research related to plant costs and regulatory/economic trends
• Develop investment committee memos, rating agency presentations and marketing materials
• Assist in execution of financings, M&A transactions and due diligence efforts
• Contribute to external communications such as op-eds, conference presentations, etc.
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Qualifications

• 2-4 years of experience in private equity, investment banking, or management consulting
• Strong financial modeling skills
• Experience across the full lifecycle of a transaction – screening, development of investment thesis, due diligence, negotiation of terms, closing
• Previous exposure to the clean energy and/or electric utility sectors
• Superior analytical and problem-solving skills and ability to communicate effectively on a conceptual as well as on a technical level
• Knowledge of economic and accounting principles and practices, financial markets, banking, and analysis/reporting of financial data
• Excellent written communication skills and attention to detail
• Strong work ethic and demonstrated ability to manage multiple projects simultaneously
• Ability to thrive in an entrepreneurial organization
• Bachelor’s degree or higher in finance, economics, business, engineering, or related field from an accredited college or university

Offers of employment to work in person at any of our Company offices are contingent upon a candidate submitting proof that he or she is fully vaccinated against COVID-19.  Per CDC Guidance,  people are considered fully vaccinated for COVID-19 ≥2 weeks after they have received the second dose in a 2-dose series (Pfizer-BioNTech or Moderna), or ≥2 weeks after they have received a single-dose vaccine (Johnson & Johnson [J&J]/Janssen).  Candidates may request a medical or religious exemption to this requirement.  To do so, please request, complete and return to Human Resources the applicable exemption request form(s).