Senior Associate, Energy Transactions - Capital Formation

Baker Tilly; Chicago (IL); On-site; USD 76,000 - 139,000; Full time

Job summary

Baker Tilly is seeking a Senior Associate, Capital Formation in its Development Advisory team to evaluate renewable energy investments, structure transactions, and support capital deployment. You will conduct financial modeling, analyze project economics, and assess financing alternatives while coordinating with tax and energy specialists to navigate regulatory dynamics.

You will participate in due diligence, investment committee filings, and market research, contributing to a growing practice

Qualifications

• 4-year degree with 3 years professional experience required.
• Preferred: Bachelor’s or Master’s in Finance, Engineering, or related field; 3+ years in investment banking, private equity, corporate development, project finance, or consulting; energy/power exposure preferred.
• Experience building financial models, including 3-statement and tax equity models, cash flow projections, and other analyses.
• Strong ability to work independently and manage multiple projects with high ethical standards.
• Excellent written and verbal communication skills.
• Advanced proficiency in Excel and PowerPoint.

Responsibilities

• Evaluate investment opportunities in renewable energy infrastructure through financial modeling and detailed analysis of project economics, cash flows, tax attributes, and risk-adjusted returns.
• Underwrite tax equity and other project finance transactions to optimize investor returns and capital efficiency.
• Collaborate with developers, sponsors, legal counsel, tax advisors, lenders, and other counterparties to support transaction execution, including due diligence, structuring, negotiations, and closing activities.
• Review project development assumptions, engineering reports, legal documentation, and third-party diligence materials to identify key investment risks.
• Prepare Investment Committee Memoranda and marketing materials for capital aggregation and deployment.
• Conduct market research on financing structures, transaction activity, and regulatory developments related to renewable energy investments.

Skills

Financial modeling

Analytical skills

Communication

Independent work

Education

Bachelor’s or Master’s degree in Finance, Engineering, or related field

Tools

Microsoft Excel

PowerPoint

Job description

Overview Baker Tilly is a leading advisory, tax and assurance firm, providing clients with a genuine coast-to-coast and global advantage in major regions of the U.S. and in many of the world’s leading financial centers – New York, London, San Francisco, Los Angeles, Chicago and Boston. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP (Baker Tilly) provide professional services through an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations and professional standards. Baker Tilly US, LLP is a licensed independent CPA firm that provides attest services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and business advisory services to their clients. Baker Tilly Advisory Group, LP and its subsidiary entities are not licensed CPA firms. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, are independent members of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 141 territories, with 43,000 professionals and a combined worldwide revenue of $5.2 billion. Visit bakertilly.com or join the conversation on LinkedIn, Facebook and Instagram. Please discuss the work location status with your Baker Tilly talent acquisition professional to understand the requirements for an opportunity you are exploring. Baker Tilly is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status, gender identity, sexual orientation, or any other legally protected basis, in accordance with applicable federal, state or local law. Any unsolicited resumes submitted through our website or to Baker Tilly Advisory Group, LP, employee e‑mail accounts are considered property of Baker Tilly Advisory Group, LP, and are not subject to payment of agency fees. In order to be an authorized recruitment agency (“search firm”) for Baker Tilly Advisory Group, LP, there must be a formal written agreement in place and the agency must be invited, by Baker Tilly's Talent Attraction team, to submit candidates for review via our applicant tracking system.

Job Description:

Come join Baker Tilly's Development Advisory (DA) team as a Senior Associate, Capital Formation. In this role, you will support the evaluation, structuring, and execution of renewable energy transactions across various energy transition technologies. Leveraging financial modeling, transaction analysis, and market expertise, you will conduct due diligence, analyze project economics, and assess financing alternatives to support capital deployment decisions. Working alongside other investment professionals and collaborating with tax- and energy-related disciplines, you will help drive transactions from evaluation through close while navigating the evolving regulatory landscape of the renewable energy sector. As one of the fastest-growing firms in the nation, Baker Tilly offers exceptional opportunities for career growth, flexibility in how and where you work, and meaningful relationships with clients, teammates, and leaders who genuinely care about your success and professional development.

Responsibilities:

• Evaluate investment opportunities in renewable energy infrastructure, including solar, storage, renewable natural gas, and hydrogen, through financial modeling and detailed analysis of project economics, cash flows, tax attributes, and risk-adjusted returns.
• Underwrite tax equity and other project finance transactions to optimize investor returns and capital efficiency.
• Collaborate with developers, sponsors, legal counsel, tax advisors, lenders, and other counterparties to support transaction execution, including due diligence, structuring, negotiations, and closing activities.
• Review project development assumptions, engineering reports, legal documentation, and third-party diligence materials to identify key investment risks.
• Prepare Investment Committee Memoranda, as well as marketing and business development materials necessary for capital aggregation and deployment.
• Conduct market research on financing structures, transaction activity, and regulatory developments related to renewable energy investments.

Minimum Qualifications:

• 4-year degree 3 years professional experience

Preferred Qualifications:

• Bachelor’s or Master’s degree in Finance, Engineering, or related field.
• 3+ years of work experience in investment banking, private equity, corporate development, project finance, or consulting; Energy/Power industry exposure preferred.
• Experience building financial models, including 3-statement and tax equity models, cash flow projections, and other financial analyses to support investment decisions.
• Demonstrated ability to work independently and manage multiple projects while maintaining a high standard of professional and ethical conduct.
• Strong analytical skills coupled with attention to detail; excellent written and verbal communication skills.
• Advanced proficiency in Microsoft Excel and PowerPoint.

Actual compensation is influenced by a variety of relevant factors including but not limited to applicant’s skills, prior experience, qualifications, degrees, professional certifications, work arrangements and geographic location. Baker Tilly offers a comprehensive compensation and benefits package to eligible employees.

Pay Rate Ranges:

• The pay rate range for Madison, WI is $77,800-$126,390
• The pay rate range for Chicago, IL is $75,500-$139,030
• The pay rate range for Houston, TX is $75,500-$139,030
• The pay rate range for Austin, Dallas/Frisco TX is $79,000-$132,710

Baker Tilly is a leading advisory, tax and assurance firm, providing clients with a genuine coast-to-coast and global advantage in major regions of the U.S. and in many of the world’s leading financial centers – New York, London, San Francisco, Los Angeles, Chicago and Boston. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP (Baker Tilly) provide professional services through an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations and professional standards. Baker Tilly US, LLP is a licensed independent CPA firm that provides attest services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and business advisory services to their clients. Baker Tilly Advisory Group, LP and its subsidiary entities are not licensed CPA firms. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, are independent members of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 141 territories, with 43,000 professionals and a combined worldwide revenue of $5.2 billion. Visit bakertilly.com or join the conversation on LinkedIn, Facebook and Instagram. Please discuss the work location status with your Baker Tilly talent acquisition professional to understand the requirements for an opportunity you are exploring. Baker Tilly is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status, gender identity, sexual orientation, or any other legally protected basis, in accordance with applicable federal, state or local law. Any unsolicited resumes submitted through our website or to Baker Tilly Advisory Group, LP, employee e‑mail accounts are considered property of Baker Tilly Advisory Group, LP, and are not subject to payment of agency fees. In order to be an authorized recruitment agency (“search firm”) for Baker Tilly Advisory Group, LP, there must be a formal written agreement in place and the agency must be invited, by Baker Tilly's Talent Attraction team, to submit candidates for review via our applicant tracking system.

If you have a special request or need that requires accommodations to fully participate in interviewing or onboarding, please submit your request using the “Contact Us” feature on our Careers page. A member of our People Solutions team will follow up with you to discuss your specific needs.