Business Development Associate

FHLB Des Moines; Houston, Northern (TX, KY); Hybrid; USD 120,000 - 180,000; Full time

Job summary

Devon is seeking a corporate development professional to build and maintain sophisticated financial models (DCF, NAV, comps) evaluating acquisitions, divestitures, and mergers within the energy sector. You will support senior leadership with pro forma analyses, due diligence, and a range of investment materials.

Ideal candidates have 3+ years in investment banking, PE, or corporate development, with experience in E&P M&A or A&D transactions, and familiarity with Enverus, FactSet, or Bloomberg.

Qualifications

• Bachelor's Degree in Finance, Engineering, or Business.
• Experience 3+ years in investment banking, private equity, or corporate development with exposure to E&P M&A or A&D transactions.

Responsibilities

• Builds and maintains financial models (DCF, NAV, comps) for acquisition/merger analysis.
• Supports investment screening materials and pro forma analyses for leadership and Board.
• Participates in due diligence and synthesizes inputs into investment-ready analyses.
• Develops analytical infrastructure (templates, comps libraries, diligence frameworks).
• Monitors energy market activity to identify opportunities and inform deal positioning.
• Assists in bid packages, IOIs, and LOIs for A&D transactions with cross-functional teams.
• Maintains relationships with energy investment banking professionals for market intel.
• Collaborates with Finance, Strategy, and Engineering to reflect current assumptions.

Skills

Financial Modeling

E&P Valuation

A&D/M&A Execution

Pro Forma & Dilution

Data Analysis

Market Intelligence

Education

Bachelor's Degree in Finance/Engineering/Business

3+ years in investment banking/PE/ corporate development

Tools

Enverus

FactSet

Bloomberg

Job description

At Devon, we will offer you a career full of energy and unmatched opportunities to solve today’s greatest challenges. Innovation, creative problem-solving and positive change happen when people step out of their comfort zone and think differently. Our values, workplace practices, wellness programs, benefits and compensation are aimed at helping employees manage their unique personal life and care for their families so they can focus on contributing to the fullest.

Responsibilities

• Builds and maintains financial models to evaluate acquisition, divestiture, and merger opportunities — including DCF, NAV, accretion/dilution, contribution analysis, and comparable company and transaction frameworks
• Supports preparation of investment screening materials, pro forma financial analyses, and transaction presentations for senior leadership and the Board
• Participates in due diligence processes — synthesizing reserve and engineering inputs, financial data, and counterparty information into investment-ready analysis
• Assists in developing and maintaining the analytical infrastructure of the Corp Dev team, including standardized model templates, comps libraries, and diligence frameworks
• Monitors E&P market activity — public company transactions, A&D deal flow, equity performance, and commodity trends — to identify opportunities and inform deal positioning
• Supports preparation of bid packages, IOIs, and LOIs on A&D transactions, coordinating with land, engineering, and legal counterparts
• Maintains relationships with energy investment banking and advisory professionals to stay current on deal flow and market intelligence
• Collaborates with Finance, Strategy, and Engineering to ensure analytical inputs reflect current operational and financial assumptions

Education

• Bachelor's Degree in Finance, Engineering, or Business required;
• Experience 3+ years in investment banking, private equity, or corporate development, with meaningful exposure to E&P M&A or A&D transactions Demonstrated financial modeling experience — DCF, NAV, comparable analysis — required Familiarity with Enverus, FactSet, or Bloomberg preferred

Skills

• Financial Modeling (DCF, NAV, Comps)
• E&P Valuation and Transaction Analysis
• A&D and Corporate M&A Execution
• Pro Forma and Accretion/Dilution Analysis
• Data Analysis & Market Intelligence
• Mergers and Acquisitions

Competencies

• Analytical Rigor
• Business Acumen
• Results Oriented
• Oral & Written Communication
• Active Learning

Qualified applicants are considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or other characteristics protected by law. For more information on Equal Employment Opportunity, please follow these links: EEO is the Law EEO is the Law Supplement Pay Transparency Provision

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