Gas-Fired Power Investments Associate

X4 Engineering; Houston (TX); On-site; USD 120,000 - 160,000; Full time

Job summary

X4 Engineering, Houston-based, is seeking a Power Associate to support the acquisition, underwriting and long-term management of power generation assets. You will work with senior deal professionals and the leveraged finance team across the full investment lifecycle, from initial acquisition to ongoing asset management.

The role emphasizes building models, evaluating power economics and assisting with financing structures to drive portfolio value, while developing expertise across deal execution

Qualifications

• 4–5 years of relevant experience, ideally within investment banking.
• Background in Power & Utilities, Energy or Project Finance investment banking.
• Strong financial modelling and transaction execution experience.
• Exposure to natural gas-fired generation (CCGTs, peaking plants, tolling).
• Understanding of power markets; ERCOT or energy-only market experience advantageous.

Responsibilities

• Build and maintain acquisition, valuation and investment models.
• Analyse power generation economics, including dispatch, spark spreads, heat rates, revenues.
• Develop financial sensitivities, scenario analysis and IRR/MOIC assessments.
• Support debt sizing, financing structures and transaction execution with leveraged finance.
• Lead due diligence, coordinate advisers and prepare Investment Committee materials.
• Monitor portfolio performance against investment assumptions.
• Assist refinancing and broader portfolio strategy decisions.

Skills

Financial modelling

Investment banking

Power & Utilities

Analytical skills

Presentation skills

Job description

X4 Engineering, Houston-based, is seeking a Power Associate to support the acquisition, underwriting and long-term management of power generation assets. You will work with senior deal professionals and the leveraged finance team across the full investment lifecycle, from initial acquisition to ongoing asset management.

The role emphasizes building models, evaluating power economics and assisting with financing structures to drive portfolio value, while developing expertise across deal execution