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Project Finance Associate

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

- Base Salary: $150,000 (eligible for yearly annual target bonus of 20-30%)

- Full-time position

- Paid holidays

- 15 days PTO + Accrual increase based on tenure

- Paid Sick Leave

- Medical and dental coverage

- 401k 

- 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

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Average salary estimate

$150000 / YEARLY (est.)
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$150000K
$150000K

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What You Should Know About Project Finance Associate, Zanskar

Are you ready to dive into the exciting world of renewable energy? Zanskar is searching for a talented Project Finance Associate to join our dynamic team based in Salt Lake City, Utah. This full-time position allows you to work in a hybrid environment, contributing to our mission of making geothermal energy a key player in creating a carbon-free electrical grid. As a Project Finance Associate, you'll have the opportunity to collaborate with our Head of Finance to conduct deep financial modeling and analysis that will influence crucial investment decisions across our geothermal project portfolio. In your first six months, you will engage in various financial analyses focusing on aspects such as valuation, capital allocation, and financing structures. You'll become an essential part of our cross-functional teams, working closely with experts in land acquisition and development. The challenges here are as rewarding as they are demanding. With a competitive base salary of $150,000 and additional benefits like paid time off, medical coverage, and 401k options, Zanskar not only supports your career growth but also invites you to make a tangible impact in the fight against climate change. If you're passionate, reliable, and ready to make a difference in the renewable energy sector, this is the role for you!

Frequently Asked Questions (FAQs) for Project Finance Associate Role at Zanskar
What are the primary responsibilities of a Project Finance Associate at Zanskar?

As a Project Finance Associate at Zanskar, your primary responsibilities will include financial modeling and analysis that guide investment decisions on our geothermal projects. Expect to perform evaluations centered on capital allocation, financing structures, and deal negotiations, all while collaborating with teams across the organization.

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What skills and qualifications do I need to apply for the Project Finance Associate position at Zanskar?

To qualify for the Project Finance Associate role at Zanskar, you’ll need solid experience—approximately 2-4 years—specifically in project finance in the energy sector, with a bonus for familiarity in geothermal energy. Skills in creating complex financial models and strong cross-functional communication abilities are essential.

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What can I expect from the work environment as a Project Finance Associate at Zanskar?

At Zanskar, you can expect a supportive, cross-functional, and fast-paced work environment. You'll be working closely with the Head of Finance and senior management, as well as various internal departments, fostering a collaborative atmosphere that encourages innovative thinking and flexibility.

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How does Zanskar support career growth for Project Finance Associates?

Zanskar is committed to fostering your professional development. As a Project Finance Associate, you will have numerous opportunities to expand your skills and experience within the renewable energy sector, helping you grow into new roles and responsibilities as our company expands.

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What benefits do Project Finance Associates receive at Zanskar?

Project Finance Associates at Zanskar enjoy a competitive salary of $150,000, along with a yearly target bonus, paid holidays, 15 days PTO, sick leave, medical and dental coverage, and a 401k plan—all designed to support your wellbeing and work-life balance.

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Common Interview Questions for Project Finance Associate
Can you explain your experience with financial modeling in project finance?

When answering this question, emphasize specific projects you've worked on and describe the models you developed or maintained. Discuss your approach to analyzing financial structures and your understanding of project financing mechanisms within the energy sector.

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How would you evaluate the economic viability of a geothermal project?

Address how you would conduct a detailed financial analysis, considering factors such as expected capital costs, operational expenses, and potential revenue streams. Highlight the importance of market conditions and regulatory environments in your assessment.

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Describe a time when you had to work under pressure to meet a deadline.

Share a specific example where you successfully navigated a tight deadline. Focus on your approach to managing tasks, prioritizing responsibilities, and collaborating with team members to achieve the desired outcome.

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What methodologies do you use to analyze financing options?

Discuss the various analytical techniques you employ, such as sensitivity analysis and scenario modeling. Explain how you incorporate qualitative factors into quantitative models to make informed recommendations.

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How do you communicate complex financial concepts to non-financial stakeholders?

Provide examples of how you've effectively simplified complex financial information for stakeholders. Discuss your strategies for using visuals, analogies, and clear language to enhance understanding.

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What challenges do you foresee in the geothermal energy sector and how would you address them?

Identify potential challenges such as regulatory hurdles, market fluctuations, or capital acquisition issues. Share how you would leverage financial analysis to develop risk mitigation strategies that align with organizational goals.

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Can you give an example of a successful financial strategy you implemented?

Share a specific example where your financial strategy led to measurable success. Highlight the rationale behind your decision-making, the implementation process, and the outcomes achieved.

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How do you stay updated on industry trends and regulatory changes?

Discuss your methods for continuous learning, such as following relevant industry publications, attending webinars, or networking with professionals in the energy and finance sectors. Stress the importance of staying informed to make proactive financial decisions.

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What is your approach to collaborating with cross-functional teams?

Emphasize your ability to actively listen and integrate diverse perspectives into your work. Share how you prioritize relationship-building and communication to ensure that all team members feel valued in the decision-making process.

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Why do you want to work at Zanskar as a Project Finance Associate?

Express your enthusiasm for Zanskar's mission in the renewable energy sector. Discuss how your skills align with the company's goals and how you can contribute to advancing geothermal projects that impact sustainability.

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Full-time, hybrid
DATE POSTED
December 5, 2024

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