Energy M&A Associate: Growth & Financing

Onward Energy; Denver (CO); On-site; USD 90,000 - 130,000; Full time

Job summary

Onward Energy is seeking an experienced Associate to support growth through acquisitions, financings, and development of utility‑scale renewables, gas, and battery storage projects. You will build Excel models, prepare memos, coordinate due diligence, and present investment recommendations to senior leaders.

You will develop and maintain financial models, analyze opportunities, and contribute to deal execution while collaborating with cross‑functional teams and external advisors.

Qualifications

• Two (2)+ years of experience in investment banking, project finance, development, or asset management in power and utilities with a focus on financial analysis.
• Excellent financial modeling skills, and strong proficiency in MS Office Suite, including Excel, Word and PowerPoint.
• Exceptional analytical capabilities, attention to detail and ability to produce accurate, well‑organized, and audit‑ready analysis under tight timelines.
• Highly organized under strict deadlines; ability to work on multiple projects concurrently and track requirements, deliverables and timelines.
• Familiarity with US power markets with eagerness to increase power market knowledge.
• Self‑starter with a strong work ethic.
• Strong verbal/written communication and presentation skills.
• Ability to work well independently and as part of a cross‑functional collaborative team.
• Experience with agentic AI tools and the ability to develop, adapt, and optimize AI‑driven workflows is a plus.
• Familiarity with tax equity financing structures is a plus.

Responsibilities

• Own the preparation and use of Excel based financial models for utility scale power M&A and development activities.
• Analyze investment opportunities from a quantitative and qualitative perspective including valuation modeling (DCF), financial statement analysis, market/industry research, and competitive analysis.
• Develop internal memos and presentations including deal investment memos for the Company’s owners, focusing on investment returns and valuation metrics.
• Present financial results and investment recommendations to senior management and our owners.
• Assist with raising debt and tax equity for acquisition targets, including creating lender models, structuring third party capital, ratings agency presentations, and coordinating due diligence.
• Coordinate and assist with the due diligence process from screening through closing, collaborating across functional teams, management, external advisors, and transaction counterparties to drive timely information flow, evaluate findings, and ensure all material diligence insights are accurately reflected in financial models, valuation analyses, and investment recommendations.
• Support review of transaction documentation and commercial agreements and identify financial, operational, and valuation implications.
• Provide analytical and modeling capabilities to companywide initiatives including sales, re‑contracting, redevelopment and other portfolio projects.
• Support the M&A team’s sourcing efforts, maintaining our M&A opportunity pipeline.

Skills

Financial modeling

Presentation skills

Analytical thinking

Attention to detail

Tools

Excel

Word

PowerPoint

Job description

Onward Energy is seeking an experienced Associate to support growth through acquisitions, financings, and development of utility‑scale renewables, gas, and battery storage projects. You will build Excel models, prepare memos, coordinate due diligence, and present investment recommendations to senior leaders.

You will develop and maintain financial models, analyze opportunities, and contribute to deal execution while collaborating with cross‑functional teams and external advisors.