Project Finance Associate

Azolla Ventures; Salt Lake City (UT); Hybrid; USD 90,000 - 130,000; Full time

Benefits offered by this job

Paid holidays

Relocation packages

15 days PTO

Sick leave

Medical and dental coverage

401k

Job summary

Zanskar in Salt Lake City, Utah, is seeking a Project Finance Associate to support the Head of Finance with financial modeling and strategic decisions around geothermal projects. This is a career-level role with growth potential in our expanding startup.

You will analyze project economics, advise on capital allocation, debt and equity financing, and collaborate across land, development, and exploration teams to optimize value and risk.

Qualifications

• Industry-specific modeling knowledge and experience with project/infrastructure financing.
• Ability to translate input from cross-functional teams into financial models.
• Strong reliability and ability to progress in a fast-paced environment.

Responsibilities

• Develop and maintain complex financial models for geothermal project financings.
• Assist in valuation, capital allocation, and structuring of debt/equity financings.
• Collaborate with land acquisition, development, and exploration teams; support negotiations with stakeholders.
• Support Head of Finance in strategic decisions and portfolio optimization.

Skills

Financial modeling

Project finance

Energy & renewables

Cross-functional communication

Job description

Role Overview

Title: Project Finance Associate

Hours: Full-time; Salaried

Location: Salt Lake City, UT- Hybrid

Benefits Eligible: Yes

Reporting to: Head of Finance

Mission – Why we exist and why we need you

Geothermal energy is the most abundant renewable energy source in the world. There is 2,300 times more energy in geothermal heat in the ground than in oil, gas, coal, and methane combined. However, historically it’s been hard to find and expensive to develop. At Zanskar, we’re using better technology to find and develop new geothermal resources in order to make geothermal an affordable and vital contributor to a carbon-free electrical grid. We’ve set new industry standards for discovery rates, finding new prospects at an unprecedented scale and revolutionizing the exploration process.

The Project Finance Associate will be crucial in supporting the Head of Finance in financial modeling and analysis and strategic decisions focusing on the economic viability of geothermal projects. This is a career-level role, and we expect the Project Finance Associate to grow and find new ways to impact our organization, contributing to Zanskar’s broader financial and capital allocation strategy.

Outcomes - Problems you’ll solve

In the first six months, there will be a concentrated emphasis on performing different financial analyses to guide key investment decisions on individual geothermal projects and across the portfolio including valuation, capital allocation, financing, and deal structure. This will require becoming intimately familiar with potential capital permutations, structure sensitivities, and value levers. You will work closely with cross-functional experts in various groups such as land acquisition, development, exploration, etc. You will work directly with the Head of Finance and senior management in the structuring, negotiation, and execution of project finance transactions, including debt and equity financings for infrastructure projects.

Competencies – What we’re looking for

• Industry-specific modeling knowledge: Can develop and maintain complex financial models for project and infrastructure financing that may include construction financing, back leverage, tax equity financing, and project offtake, among others. Capability should be equivalent to 2-4 years of experience in project finance, specifically in energy and renewables (geothermal energy is a plus)
• Reliability: Ability to deliver impressive results in a cross-functional, high-growth, and fast-paced environment
• Flexibility: Can perform analysis on a variety of projects with different project or transaction deadlines with potentially shifting priorities. Feels comfortable structuring and resolving ambiguity in order to come up with an actionable answer
• Cross-functional communicator: Able to translate various internal and external teams’ input into financial models as well as communicate the impact of those with non-financial stakeholders

Location, Salary, and Benefits

• The position is based out of our headquarters in Salt Lake City, Utah
• Full-time position
• Paid holidays
• Generous Relocation Packages
• 15 days PTO + Accrual increase based on tenure
• Paid Sick Leave
• Medical and dental coverage401k
• A direct impact in displacing carbon emissions
• Growth opportunities in a growing startup environment

Equal Opportunity Employer

Zanskar is an equal-opportunity employer and complies with all applicable federal, state, and local fair employment practice laws