Financial Analyst

Financial Analyst – Financial Evaluation & Analysis

JOB SUMMARY

Southern Power’s Financial Evaluation & Analysis organization is part of Southern Power Finance. This position is accountable for performing financial analysis, financial model development, risk/return analysis, and generation business case development. This position also supports the structuring and implementation of tax equity transactions for renewable assets. These activities are done in support of Southern Power Company’s (SPC) strategic growth initiatives and wholesale marketing efforts. This position is located in Birmingham, Alabama, in the Energy Center at the Colonnade. Travel to Atlanta and customer locations across the U.S. is sometimes required but not frequent.

The successful candidate will have the opportunity to gain expertise in (a) financial valuation of renewable and gas projects, including the application of relevant accounting concepts, (b) various planning and forecasting functions of the utility industry, and (c) the structure of power markets across the U.S. The candidate will support the team by developing acquisition and development business cases and interpreting forecast results using statistical and financial models. Other areas the candidate will have the opportunity to work with include, but are not limited to:

• Asset acquisitions and understanding the transaction prices of projects given a certain risk profile

• Tax equity partnership deal structuring and implementation

• Understanding forecasts used in modeling including fuel costs, load/economic forecasts, existing resources, new generation technologies and costs, environmental requirements, and financial hurdles

• Acquisitions & development of gas and renewable power assets, including but not limited to wind, solar, and storage facilities

• Understanding energy markets and legislation and their impact on individual projects

JOB REQUIREMENTS

Education

• BS in Engineering, Finance, Accounting, Economics, Math, or other related technical fields is highly desired

• MS in these fields or an MBA is desired

Experience

• Experience in one or more of the following areas is desired:

  • Wholesale/retail utility finance (including proforma & cash flow analysis)

  • Economic evaluation

  • Project valuation

  • Net present value analysis

  • Risk analysis

  • Structured finance and/or tax equity transactions

  • Tax accounting

  • Renewable or gas power development & financing

  • System planning activities/modeling

  • Power system economics

  • Wholesale product structuring

  • Power pool/plant economic operations

• Experience with generation development, generation asset acquisition, strategic planning, financial planning, and wholesale business development is also desirable

Knowledge, Skills & Abilities

• Strong problem-solving skills with a desire to understand complex problems is required

• Excellent teamwork, communication, and interpersonal skills are required

• Proficiency with standard business software such as Excel, Word, Access, and PowerPoint is required

• Advanced knowledge of Microsoft Excel and VBA is highly desired

Behavioral Attributes

• Must demonstrate our values: Safety First, Intentional Inclusion, Act with Integrity, and Superior Performance

• Ability to build strong working relationships and work in a team environment, including across other departments

• Demonstrate commitment to accuracy and attention to detail

JOB RESPONSIBILITIES

• Develop business cases, financial analysis, and risk analysis for renewable (including storage) and gas generation acquisition opportunities for SPC

• Develop and implement processes and tools that allow for financial evaluations of business opportunities

• Develop financial structuring around tax benefits for renewable asset acquisitions and developments

• Develop financial projections for SPC assets

• Work closely with internal and external groups to identify key risk areas for project valuations and collaborate to ensure all items are properly included within the financial model

• Measure financial risks associated with wholesale generation assets and establish appropriate project hurdle rates for new generation investments

• Work closely with both internal and external groups to support the structuring and implementation of financing activities including tax equity financing or tax credit transfers

  Southern Power , a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities, and other energy customers. Southern Power and its subsidiaries own 55 facilities operating or under construction in 14 states with more than 12,500 MW of generating capacity in Alabama, California, Delaware, Georgia, Kansas, Maine, Nevada, New Mexico, North Carolina, Oklahoma, South Dakota, Texas, West Virginia, and Washington.

Southern Company (NYSE: SO) is a leading energy provider serving 9 million residential and commercial customers across the Southeast and beyond through its family of companies. Providing clean, safe, reliable and affordable energy with excellent service is our mission. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy infrastructure company with national capabilities, a fiber optics network, and telecommunications services. Through an industry-leading commitment to innovation, resilience, and sustainability, we are taking action to meet our customers’ and communities’ needs while advancing our commitment to net zero emissions by 2050. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success. We are transforming energy into economic, environmental and social progress for tomorrow. Our corporate culture and hiring practices have earned the company national awards and recognition from numerous organizations, including Forbes, Military Times, DiversityInc, Black Enterprise, J.D. Power, Fortune, Human Rights Campaign and more. To learn more, visit www.southerncompany.com .

Southern Company invests in the well-being of its employees and their families through a comprehensive total rewards strategy that includes competitive base salary, annual incentive awards for eligible employees and health, welfare and retirement benefits designed to support physical, financial, and emotional/social well-being. This position may also be eligible for additional compensation, such as an incentive program, with the amount of any bonus/awards subject to the terms and conditions of the applicable incentive plan(s). A summary of the benefits offered for this position can be found here https://seo.nlx.org/southernco/pdf/SOCO-Benefits.pdf . Additional and specific details about total compensation and benefits will also be provided during the hiring process.

Southern Company is an equal opportunity employer where an applicant's qualifications are considered without regard to race, color, religion, sex, national origin, age, disability, veteran status, genetic information, sexual orientation, gender identity or expression, or any other basis prohibited by law.

Job Identification: 10624

Job Category: Finance

Job Schedule: Full time

Company: Southern Power