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.
Role Overview Title: Project Finance Senior Analyst / AssociateHours: Full-time; Salaried Location: Salt Lake City, UT Benefits Eligible: Yes Reporting to: Head of Finance Mission – Why we exist and why we need youGeothermal 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 solveIn 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 transaction deadlines and 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 & Benefits
The position is based out of our headquarters in Salt Lake City, Utah
Base Salary: $130,000 (eligible for yearly annual target bonus of 20-30%)
Generous Relocation Packages
Full-time position
Paid holidays
18 days PTO + Accrual increase based on tenure
Medical, dental & vision coverage
401k
Paid Parental Leave
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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