Financial Modeling & Analysis Associate

Raymondjames; St. Louis (MO); On-site; USD 110,000 - 170,000; Full time

Job summary

Raymond James is seeking a Modeling Associate within the Renewable Energy Investment group to support underwriting, forecasting, valuation, and scenario analysis across renewable energy and tax credit investments. The role involves building and maintaining complex financial models, evaluating project economics, and preparing analyses for Investment Committee presentations and investor materials.

Collaboration with cross-functional teams is essential to refine assumptions and deliver timely

Qualifications

• 3+ years of relevant experience in renewable energy, project finance, or financial analysis.
• Experience developing, reviewing, or overseeing complex financial models and forecasting analyses.
• Advanced Microsoft Excel skills with ability to build sophisticated financial models.

Responsibilities

• Build, maintain, and analyze financial models for renewable energy and tax credit investments.
• Support underwriting by reviewing project assumptions, revenue structures, and financing terms.
• Develop forecasts for project performance, returns, tax credits, and funding requirements.
• Perform valuation analyses to assess investment economics, pricing, and returns.
• Conduct scenario analysis and sensitivity testing on key assumptions.

Skills

Financial modeling

Analytical thinking

Excel proficiency

Education

Bachelor's degree in Finance or related quantitative discipline

Job description

Job Description Summary

The Modeling Associate is a member of Raymond James Renewable Energy Investment's ("RJREI") Product Origination team responsible for supporting underwriting, forecasting, valuation, and scenario analysis across renewable energy and tax credit investment opportunities. The role will develop and maintain financial models, analyze project and transaction economics, evaluate key assumptions and sensitivities, and provide analytical support to the Product Origination, Transaction Team, and investor-facing teams throughout the investment lifecycle.

Job Description

Duties and Responsibilities

• Build, maintain, and analyze financial models for renewable energy and tax credit investment opportunities, including project economics, cash flows, tax benefits, investment returns, and other key transaction metrics.
• Support underwriting of prospective investments by reviewing project assumptions, revenue structures, operating expenses, capital requirements, financing terms, tax attributes, and other inputs affecting transaction economics.
• Develop and maintain forecasts for project performance, investment returns, tax credit delivery, cash funding requirements, and other financial metrics used in transaction evaluation and planning.
• Perform valuation analyses to assess investment economics, pricing, expected returns, and relative attractiveness of prospective opportunities.
• Conduct scenario analysis and sensitivity testing to evaluate the impact of changes in key assumptions, including project performance, timing, pricing, costs, tax benefits, and transaction structure.
• Review sponsor and third-party financial models for consistency, accuracy, and reasonableness and reconcile model outputs to supporting diligence materials.
• Support the Product Origination team in evaluating new opportunities and developing preliminary economic proposals for prospective transactions.
• Prepare clear analytical summaries, model outputs, charts, and supporting materials for Investment Committee presentations, investor materials, and internal transaction discussions.
• Coordinate with Product Origination, Transaction Team, tax, accounting, legal, and other internal and external stakeholders to incorporate diligence findings and updated assumptions into financial analyses.
• Assist with investor and transaction requests by producing timely financial analysis, scenario comparisons, and supporting schedules.
• Maintain organized model files, assumptions, source data, and supporting documentation in accordance with RJREI processes and documentation standards.
• Monitor renewable energy and tax credit market developments, pricing trends, and relevant financial or regulatory considerations that may affect underwriting assumptions and valuation.
• Support ad hoc analysis, portfolio planning, forecasting, and other initiatives critical to the Product Origination team and broader RJREI platform.

Knowledge & General Skills

Strong financial modeling and analytical skills, including proficiency in Microsoft Excel and the ability to build, review, and interpret detailed financial models.

Working knowledge of financial, accounting, tax, valuation, and investment concepts; familiarity with renewable energy or project finance concepts is preferred.

Ability to analyze financial information, identify key value drivers and risks, and translate complex model outputs into clear conclusions.

Understanding of underwriting, forecasting, valuation, scenario analysis, and sensitivity analysis techniques.

Strong quantitative problem-solving skills and attention to detail, with the ability to identify inconsistencies in assumptions, calculations, and model outputs.

Strong written and verbal communication skills, including the ability to summarize analytical findings for senior team members and transaction stakeholders.

Ability to manage multiple assignments and deadlines while maintaining accuracy, responsiveness, and appropriate documentation.

Demonstrated commitment to integrity, accountability, collaboration, intellectual curiosity, and high-quality work product.

Qualifications / Education

• 3+ years of relevant experience in renewable energy, project finance, investment banking, accounting, valuation, corporate finance, financial analysis, or a comparable analytical role. Candidates with more extensive experience are encouraged to apply.
• Demonstrated experience developing, reviewing, or overseeing complex financial models, performing valuation and forecasting analyses, and evaluating investment or project economics.
• Experience with renewable energy infrastructure, tax credit investments, partnership structures, transfer transactions, or project finance is preferred.
• Bachelor's degree in Finance, Accounting, Economics, Business, Engineering, Mathematics, or a related quantitative discipline.
• Advanced Microsoft Excel skills required, including experience developing and evaluating sophisticated financial models.

Personal Qualities

Analytical and intellectuall