Principal Analyst - Investment Manager

Core Purpose of the RoleSupport the developer team in turning early‐stage BOO opportunities into bankable projects by:Building robust, audit‐ready project finance modelsStructuring debt/equity mixes and optimizing tax, incentives, and financing mechanicsProducing decision‐quality analysis and materials for Internal Committee (IC), lenders, tax advisors, and co‐investorsLeading the financial workstream through due diligence, term sheet negotiations, and closingThe role also includes light asset management support to track performance against modelled cases and inform refinancing, equity recycling, or sell‐down decisions.Key Responsibilities1. Financial Modelling (Project & Portfolio)Design, build, and maintain detailed project finance models:Monthly construction phase, quarterly/annual operating periods, full life of projectIntegrated revenue, OPEX, CAPEX, working capital, debt schedules, taxes, and distributionsTranslate BOO/BOT/P3 contracts into cash‐flow logic and covenant mechanics: PPA / WPA / tolling agreements, EPC, O&M, land/lease, offtake, interconnection, take or pay, etc.Run extensive sensitivity and scenario analysis on key risks: CAPEX overruns, tariff/volume changes, FX, interest rates, construction delays, commissioning risksMaintain a model library and standard templates for rapid scaling across multiple projects.2. Capital Structure & Debt/Equity SizingEvaluate and recommend optimal capital structures for each project:Target gearing, tenor, sculpted vs. flat amortisation, DSCR/LLCR thresholds, DSRA/reserves, refinancing optionsSize senior debt capacity under different lender cases; derive: equity requirements; unlevered/levered IRR, NPV, MOIC for sponsor and co‐investorsCompare and structure alternative financing approaches: pure project finance vs. holdco debt, portfolio financing, mini‐perm vs. long‐term, sale‐leaseback, JVs, etc.3. Tax Optimisation & Incentives (in Close Coordination with Advisors)Incorporate federal, state, and local tax regimes into models: depreciation (MACRS/other), interest deductibility, loss carry‐forwards, withholding taxes, etc.Work with external tax counsel and tax equity advisors to translate tax equity structures, investment/production tax credits, grants, rebates, and other incentive schemes into model logicRun structure comparisons: straight equity vs. tax equity partners, leasing, sale‐leaseback, JV structures; show after‐tax returns and cash waterfall implications for each structure.4. Project Financing Workstream SupportPrepare lender and equity case models, including base case, lender case, equity case, and bespoke suites for DFIs, ECAs, and commercial banksSet up and manage the financial data room; respond to model Q&A, incorporate lender/equity feedback into the base caseSupport due diligence (technical, legal, market, ESG); quantify impacts on covenants, financial ratios, and required mitigantsAssist in term sheet negotiations: test alternative structures (higher leverage vs. higher pricing, cash sweeps, sculpting, covenant tweaks); summarise trade‐offs and recommendations for management and IC.5. Pitch Materials, IC Decks & Investor CommunicationsDevelop investment memoranda, lender teasers, and internal IC decks that clearly articulate the business model, risk allocation, financial metrics, and sensitivity results.Translate complex modelling outputs into clear charts, tables, and storylines for non‐financial stakeholders (utilities, offtakers, boards, government counterparts, co‐investors).Ensure all materials are consistent, auditable, and investor ready.6. Portfolio & Performance Analytics (Asset Management Support)Track actual vs. modelled performance for operating assets: update models with actuals, variance analysis, and forecast revisions.Support portfolio‐level analysis across multiple BOO plants: aggregated cash flows, holdco level covenants, equity recycling capacity, refinancing windows.Feed insights into refinancing, buy‐backs, sell‐downs, or secondary transactions.7. Travel & Additional DutiesUp to 40 % travel may be required.Other duties as assigned.BenefitsAquatech offers a comprehensive benefits package, including paid time off, company‐paid holidays, and a 401(k) plan (all benefits are based on eligibility).Essential FunctionsTo perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed above and below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.Physical Job DemandsExerting up to 10 pounds of force occasionally and/or a negligible amount of force frequently or constantly to lift, carry, push, pull, or otherwise move objects, including the human body. Sedentary work involves sitting most of the time, limited walking and standing. While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms.Qualifications5‐10 years of relevant experience in project finance (investment banking, infrastructure funds, or infrastructure‐backed development platforms), or 3‐4 years in an infrastructure fund or infra‐backed platform with direct exposure to BOO/BOT/P3 structures, plus 2‐4 years in project finance advisory/modelling.Proven track record of:Building large, complex, multi‐period project finance models from scratchStructuring senior debt, mezzanine, and equity for infrastructure/industrial projectsPreparing IC decks, lender teasers, and investment memosRunning financial due diligence and responding to lender/equity Q&AStrong understanding of:BOO/BOT/P3 contract mechanics and how they map to cash flow and covenant structuresDebt covenants (DSCR, LLCR, PSR), reserves, sculpting, cash sweeps, and refinancingBasic tax and incentive mechanics (depreciation, interest deductibility, tax equity concepts)Excellent communication skills; able to translate technical/financial complexity into clear narratives for non‐financial audiences.Proficiency in Excel (advanced), with experience in financial modelling best practices (audit trails, scenario management, global standards).PreferredExperience in one or more of: water infrastructure, desalination, ZLD, wastewater reuse; critical minerals, lithium, brine to chemicals, mining infrastructure; power/energy transition (PPAs, renewable projects, tax equity structures)Exposure to DFI/ECA financing (e.g., EXIM, CDC, EIB, JICA, KEXIM) and blended finance structures.Prior asset management or portfolio performance role for infrastructure assets.MBA or advanced degree in Finance, Engineering, Economics, or related field.CFA, CAIA, or similar certification (a plus, not required).LocationThis is a remote position.#J-18808-Ljbffr