Project Finance Analyst – build the business case for Norway’s AI factories

Fossefall AS; Oslo; On-site; NOK 700,000 - 900,000; Full time

Job summary

A leading renewable energy firm in Norway seeks a Project Finance Analyst to support the financing and structuring of AI factories. The role involves building financial models, preparing investor materials, and working closely with management. Ideal candidates hold a degree in finance or related fields, possess strong financial modeling skills, and have relevant experience in investment banking or consulting. This position offers growth opportunities in a pioneering infrastructure project.

Benefits

Professional growth within project finance

Flexible work setup aligned with project needs

Qualifications

• Strong financial modelling skills (DCF, IRR, project finance).
• 1–5 years of relevant experience from investment banking, project finance, private equity or consulting.
• Experience preparing investor presentations and professional documentation.

Responsibilities

• Building and maintaining detailed financial models (CAPEX, OPEX, IRR, capital structure).
• Preparing Project Information Memorandums (PIMs), investor decks and supporting analyses.
• Supporting due diligence processes and coordinating with investors, advisors and lenders.

Skills

Strong financial modelling skills

Fluent in English

Analytical thinking

Education

Degree in finance, economics, engineering or equivalent

Job description

Project Finance Analyst – build the business case for Norway’s AI factories

Fossefall is building Europe’s first bankable AI infrastructure platform, transforming Norwegian hydropower and land into sovereign, scalable AI capacity. We structure, finance and own AI infrastructure assets based on Norwegian hydropower.

Join our team as a Project Finance Analyst and play a central role in financing and structuring our first AI factories.

You will work directly with management to build and maintain financial models, prepare investor materials and support financing processes with investors, banks and advisors. Your work will help ensure that our projects move efficiently from concept to financial close.

Main responsibilities

• Building and maintaining detailed financial models (CAPEX, OPEX, IRR, capital structure)
• Preparing Project Information Memorandums (PIMs), investor decks and supporting analyses
• Supporting due diligence processes and coordinating with investors, advisors and lenders
• Conducting financial analyses to inform strategic decisions on sites, EPC and offtake agreements
• Working closely with the CEO, Property Director and Finance team to ensure accuracy and clarity in all financial outputs

Qualifications

Essential:

• Degree in finance, economics, engineering or equivalent
• Strong financial modelling skills (DCF, IRR, project finance)
• Fluent in English, written and oral

Preferred:

• 1–5 years of relevant experience from investment banking, project finance, private equity or consulting
• Experience preparing investor presentations and professional documentation
• Norwegian language skills

Personal profile

You are analytical, structured and commercially minded. You take ownership of your work and never stop until the result is delivered. You thrive close to decision‑making and are motivated by turning complex ideas into investable, real‑world projects.

We offer

A key role in one of the Nordics’ most ambitious infrastructure companies. You will work closely with senior management and investors, gain deep exposure to project finance and AI infrastructure, and contribute directly to building Norway’s next industrial chapter. We offer professional growth within project finance, AI, and infrastructure, and a flexible work setup aligned with project needs.

About Fossefall

Fossefall builds, owns and finances AI factories powered by Norwegian renewable energy. We combine local power, land and capital to create Europe’s first bankable AI infrastructure platform. Our first projects are on track for financial close in 2026, with more than 400 MW under active development across the Nordics.