Investment Associate

About Low Carbon

Low Carbon is a leading renewable energy company committed to the development, investment and operation of renewable energy at scale. Low Carbon invests into both renewable energy developers and projects across a range of renewable energy technologies including solar PV, wind, energy storage, waste-to-energy, bioenergy and battery storage. We are a long-standing certified B-Corporation, and recognised as gold standard for environmental impact. Low Carbon’s climate ambitions are to become one of the world’s first major net-zero energy companies and to have created 20GW of new renewable energy capacity by 2030.

Low Carbon has formed a strategic partnership with the Massachusetts Mutual Life Insurance Company (MassMutual) to build a leading global renewable energy Independent Power Producer. Low Carbon is committed to the development, investment and operation of renewable energy at scale.

We have built a positive learning culture that incorporates respect, trust, collaboration, and a shared passion to combat climate change. It is an open, friendly and supportive environment, and we are proud to say we work here. As we grow, we are committed to increasing diversity in the team, and continuing to foster an inclusive environment where we can learn from each other.

The Investment Team

The Investment Team operates across all major renewable and storage sectors, interacts with a broad spectrum of counterparties and invests in locations across the UK and internationally. The role of the Investment Team is to deploy early-stage development capital and build multi-technology development platforms and pipelines. We lead all activities required to take assets through to financial close and into construction.

The Investment Team is unique in the market in that it covers all investment disciplines required to develop, commercialise and finance multi-technology assets from greenfield through to commercial operation. Whilst there is a high degree of entrepreneurialism and autonomy embedded within the team, the culture is very much one of respect and collaboration in order to share learnings and expertise. We have a governance process that ensures alignment, quality and approval while allowing progress to continue at pace.

We are looking for an Investment Associate with a passion for climate change and sustainability to become part of a great, supportive team in a setting with long term growth prospects. You’ll have the opportunity to work across a range of geographies and technologies and on an advanced pipeline of projects. You’ll be surrounded by likeminded, high performing, passionate investment professionals and with continuous support and feedback, you will learn by doing, having genuine impact on day one.

The Role

The role will be primarily within the Renewable Energy Thermal Technologies and Energy Transition team, with projects across Europe and North America.

Financial Modelling, Analysis and Valuations

• Develop, implement and update financial and valuation models with complex shareholder and third-party debt structures at the development, financial close, construction and operational stage of a project’s life cycle. Projects will be modelled across solar, wind, battery storage and waste to energy in a range of geographic markets
• Undertake analysis and interrogation of financial assumptions to enable investment decisions.
• Carry out discounted cash flow and multiples-based analysis and perform sensitivity and variance analysis on investments
• Develop and adjust structured finance third-party models on bids, investments and deals when required, compare and review with term sheets, SPA’s and other transaction documentation.
• Collaborate with colleagues in finance and project financing teams to create and align templates, processes, quality and best practice
• Take a significant interest in the power market, specifically renewable energy and monitor and analyse trends in the industry

Investment Management

• Assisting more senior members of the Investment team in the analysis and evaluation of new investment opportunities
• Supporting the research and analysis of new investments and the preparation of Investment Committee papers supporting those investments, new projects or other material investment decisions, using financial models to support the investment teams in decision making
• Managing aspects of the team’s processes and administration
• Running team meetings and Investment Committee meetings, including taking minutes
• Preparing and maintaining presentations for senior internal and external stakeholders, including with potential development partners or investors
• Managing the team systems covering new investment opportunities, investment approvals and contacts
• Involvement in overseeing day-to-day development activities, including negotiation, documentation and applications for: land, planning and permitting applications, grid, EPC and O&M, PPA

Professional Skills & Experience Required

• Experience in discounted cash flow and other valuations modelling within an energy / infrastructure / capital intensive environment is essential. Candidates will have the ability to build financial models from scratch, to suit a range of portfolios and funding structures
• Relevant work experience in renewables, infrastructure, energy, investment, banking, or strategy consultancy

Our ideal candidate will have the following characteristics

• Be an enthusiastic and committed team player who works well with business leaders, investors, potential investors, banks, third parties and across the finance community
• Be driven, dynamic, forward thinking, innovative and agile; and be comfortable working in a fast paced, adaptable environment
• Excellent problem solving ability
• Be flexible in approach, showing initiative and interest to support ad-hoc tasks
• Be able to act in confidence, with discretion and tact
• A personal interest and understanding of the renewables and climate change coupled with a deep appreciation for investing

Our Benefits

• 26 days holiday plus your birthday off (with option to buy a further 5 days)
• Discretionary Bonus
• Annual Bupa Health Check
• Private Healthcare for you and your family (medical history disregarded)
• Contributory Pension
• EV Car scheme
• Cycle scheme
• Season Ticket Loan
• Sodexo for commercial discounts and perks