Associate

Aiga Capital Partners

Role: Associate / Investment Team / Full-time / Partially Remote

Aiga Capital Partners (“Aiga”) is a minority-owned investment manager providing private debt and preferred equity solutions to North American-based, sustainable infrastructure developers. These investments include companies in the renewable energy, energy storage, energy efficiency, electric vehicle charging, and low carbon chemicals and fuels sectors. Aiga’s mission is to provide asset developers with growth capital to catalyze the deployment of assets needed to meet net zero emissions targets. The Aiga team values mutual respect, transparency, diversity in thought, and is searching for a qualified candidate to join the platform who will have an investor's mindset and a successful track record of structuring and negotiating asset-oriented financing solutions.

This role will be directly involved in all facets of the investment analysis process; evaluating sustainable infrastructure companies, conducting financial analysis and commercial diligence on investments, interacting with management teams, industry research, legal documentation, and asset management of existing investments. This role requires finance experience, prior exposure to structured finance, corporate credit and/or equity investments, and working collaboratively with multiple functions and teams (Managing Partners, Principals, Vice Presidents, Associates and Analysts). This candidate must be able to prioritize multiple tasks from multiple stakeholders while maintaining strong attention to detail and work effectively under pressure in a deadline-oriented environment. This position will report to a Managing Partner within the group and location is either San Francisco or New York Metro Area.

Responsibilities

Financial Modeling and Analysis:

• Thoroughly analyze and underwrite potential investments: review project discounted cash flow models to determine asset values, analyze historical financials, develop borrowing base/collateral value models, build cash flow projection models, perform third party model audits, and prepare other investment analyses. Apply various qualitative and quantitative methods, including data analysis and scenario analysis, to assess the relative risk and relative value of potential investments across sustainable infrastructure asset classes
• Preparation of internal rate of returns analysis and absolute returns under various scenarios and stress tests
• Preparation of asset valuation analysis using comparable/precedent project valuation multiples

Due Diligence and Execution:

• Proactively assess and perform due diligence on new investment prospects, including but not limited to analyzing companies’ project portfolios, the categorization of the development projects, construction and operating projects, consolidated company financial performance, operational performance, budget variance analysis, key performance indicators, companies’ industry positioning and competitive differentiation
• Support the investment team throughout the transaction due diligence and closing processes. Collect due diligence materials, apply information and findings to adjust the underwriting of investments, and coordinate with third party diligence providers to facilitate the review and closing of transactions
• Support investment team by performing company-specific and industry research for each investment opportunity
• Assist in the development of Investment Committee memos and supporting analysis; ensure the quality, completeness and accuracy of the analysis that precedes investment recommendations as well as manage the overall delivery of associated materials required for decision making

Asset Management:

• Lead transfer process between investment team and asset management team upon the close of an investment and establish the points of contact for all post-investment activities. Tracking, reviewing, and auditing all reporting materials received from investment teams for inconsistencies and errors and tracking post-closing deliverables
• Understand the list of applicable contracts and permits associated with the portfolio of development, construction and operating projects, how they impact the projects lifetime operations and how to find the necessary contractual information in support of compliance. Tracking, reviewing, and approving all reporting materials and ensuring files have been properly uploaded to VDR
• Closely monitoring the investment’s performance (underperformance and overperformance), including growth of the collateral, progression of project milestones, cash inflows and outflows, performance of operating and in-construction assets, variances to the budgets, and ESG metrics review
• Data analysis to identify trends in both the market and Aiga's portfolio; preparing presentations on portfolio and investment trends
• Create, maintain and update appropriate internal and external reports based on portfolio and fund requirements. Prepare monthly, quarterly and annual performance reporting for internal and external distribution, providing ad hoc support to investment teams to clarify or confirm reporting requirements and timelines
• Review of reporting obligations including compliance certification and from time to time, review of project-specific investment committee reports; Review ESG priorities, which are defined as the KPIs, agreed-upon processes and procedures, and ongoing reporting obligations
• Support all asset management administrative and compliance-related tasks to ensure full compliance with credit agreement covenants and reporting requirements
• Monthly and quarterly dialogue with management teams to assess outlook, market conditions, strategic planning, etc.
• Potentially participate in board meetings as an observer for development loans and as a Board Director for preferred equity investments
• Maintaining dialogue with the key relationships, including equity partners, key project lenders and other important project counterparties
• Engage internal and external parties to help in identifying financial, commercial, and operational risks so the appropriate actions can be taken to mitigate them or escalate to management if necessary
• Interfacing with the Investment Committee to discuss any amendments or material actions
• Support management team in planning for investment exits
• Present monthly/quarterly to the Aiga executive team the status of asset management performance for each company in the portfolio and the overall portfolio
• Consider CRMs and other third-party software that could enhance and create efficiencies across asset management

Internal:

• Contribute to various team projects to further strengthen or enhance our investment process
• Attend team meetings to communicate progress on engagements, including but not limited to tracking investment related activity and preparing opportunity summaries
• Prepare internal marketing materials, track market data, and support operations
• Develop and foster relationships across the Aiga platform with a positive attitude and collaborative approach

Education & Certificates

• Superior academic achievement at a top tier undergraduate program is required
• Bachelor’s degree in Finance, Business, Economics, Engineering, Math, Science, or another quantitative field, MBA preferred

Professional Experience

• 2-4 years of finance experience with direct exposure to alternative finance, corporate credit or equity, or structured products
• Structuring and closing of sustainable infrastructure project finance transactions
• Prior buyside experience or investment banking experience is strongly preferred

Competencies & Attributes

• Evidence of intellectual curiosity, creative problem-solving skills, and adaptability
• Advanced/Expert Microsoft Office (including Excel and PowerPoint) skills required
• Sophisticated financial modeling and analytical capabilities
• Self-motivated and driven; ability to balance multiple tasks and work effectively in a collaborative, fast moving, demanding, and dynamic environment
• Strong verbal and written communication skills that demonstrate an ability to articulate a clear, concise analysis of investment risk and relative value

Benefits & Compensation

• The compensation range for this role takes into account a wide range of factors including but not limited to the skill sets required/preferred; prior experience and training; licenses and/or certifications
• The anticipated base salary range for this role is $150,000 – $175,000 yearly
• The hired professional may also be eligible to participate in an annual discretionary incentive program, the award of which will be dependent on various factors, including, without limitation, individual and organizational performance
• In addition to the base salary, the role will enjoy a comprehensive benefits package spanning health insurance, life insurance and disability, paid time off, paid holidays, etc.

EEO & Accessibility

• Aiga Capital Partners encourages individuals of all racial, ethnic, and socioeconomic backgrounds and all gender and sexual identities to apply for this position. Aiga Capital Partners is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, creed, religion, national origin, sex, sexual orientation, gender identity and expression, age, disability, veteran status, or any other basis prohibited by applicable law
• We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation