What are the responsibilities and job description for the Corporate Development Specialist position at Black Hills Energy?
Job Specifications
Black Hills Energy is people powered and purpose driven. Our team uses the power of energy to improve life for over one million customers in 800 communities across the West and Midwest. We seek talented, caring people who embody our core values and contribute to a culture of inclusion and growth. As an organization, we believe the best part of working on our team is our commitment to making tomorrow better than today—for our customers, communities and each other.
Position summary:
The Corporate Development Specialist is responsible for leading due diligence efforts from start to finish to determine project viability and assist in the achievement of critical growth objectives. This includes financial modeling, sensitivity analysis, risk assessments, contract development, and consultation of discussion opportunities and risks. This position will also be accountable for monitoring and researching industry trends, regulatory constructs and relevant dockets, new technologies and identifying potential business growth opportunities for the company.
Pay Range: $88,700 - $133,150 (This posting includes the full pay range for this position. Pay is based on a number of factors and may vary depending on job-related knowledge, skills, experience, and internal equity.)
Reporting Relationship: Director of Growth & Strategy
Location: Rapid City, South Dakota
Relocation Assistance: Relocation assistance is available based on individual circumstances! Details to be shared during the offer process.
- Lead cross-functional teams in the assessment and due diligence of new projects, potential investments or acquisitions.
- Responsible for performing the financial modeling and analysis on potential capital investments, case development, feasibility models, valuations and scenario analysis for the electric and gas utilities, coal mining, and independent power production.
- Identify and pursue growth opportunities. Perform analytical evaluations related to due diligence and develop business plans for new projects, partnerships, and business ventures.
- Develop proposed regulatory solutions for new opportunities and vet solutions with regulatory team partners.
- Accountable for presenting elaborate data analysis and projects to BHE Board of Directors, senior leadership, customers, and other external parties as requested.
- Conduct post-project economic analysis on major BHE initiatives to ensure that economic and strategic objectives are achieved.
- Support the business development department with feasibility analysis, by-pass risks, contract discussions, and development of business development tariff offerings.
- Develop analytical and technical capabilities and expertise in areas including renewable natural gas, electric vehicles, distributed generation, renewable energy, energy storage, regulatory and policy issues.
Additional Responsibilities:
- Maintain and foster strong relationships across the company to advance effective communication and coordination as well as identify potential issues and risks.
- Handle special projects as assigned by growth team Directors.
- Researches and analyzes technical feasibility, potential markets, competitive landscapes, risk factors, business partners, and customers of new business opportunities, products, and services, for both electric and gas.
What Is Required:
- Bachelor's Degree relevant field, such as Business, Accounting, Finance, Engineering, or equivalent experience.
- Minimum of (6) six years of experience in corporate development, finance, accounting, investment banking, or engineering.
What Is Desired:
- Experience with contract negotiations, risk assessment, and due diligence related to new business ventures.
- Experience with financial metrics including return on investment calculations, forecasting techniques, result interpretation and cost-benefit analysis applied to complex situations involving multiple scenarios.
- In-depth knowledge of regulatory processes, rate-making principles, and innovative tariff design in the energy or utility industry.
- Knowledge of FERC and GAAP accounting principles, IRS tax issues and how to apply the principles as they pertain to corporate development and business development activities.
- Working understanding of utility operations.
- Strong organizational skills with the ability to handle competing target dates and priorities effectively within a fast-paced environment.
- Exercise good business judgment in interrelated business issues, with the ability to think globally in relation to the financial execution of the company strategic plan.
- Excellent verbal and written communication skills with the capability to communicate difficult topics to various levels of financial and non-financial personnel.
- Strong quantitative and analytical skills, and capability to perform sophisticated analysis.
- Ability to demonstrate initiative and to work independently as well as with a team.
This description is not intended to be an all-inclusive list of responsibilities, duties, and requirements for employees in this position. Job descriptions may and do change periodically. Where positions are covered by a collective bargaining unit agreement, the terms and conditions of the agreement will apply.
About our Company: We are a customer, growth and safety focused utility company that is dedicated to our communities. We improve life with energy as an energy partner of choice. Our diverse culture fuels unique perspectives, opening doors to new insights and possibilities. Based in Rapid City, South Dakota, we have over 3000 employees and serve 1.3 million natural gas and electric utility customers across eight states (South Dakota, Montana, Wyoming, Colorado, Nebraska, Iowa, Kansas, and Arkansas).
Enjoy our Comprehensive Benefits Package! Annual discretionary bonuses, 401(k) (6% company match and up to 9% company retirement contribution), tuition reimbursement, generous paid time off benefits, including paid holidays and parental leave, company paid life insurance and disability benefits (short and long term), an employee assistance program and well-being benefits, and competitive medical, dental and vision insurance.
Candidates must successfully pass a pre-employment drug screen and background check.
Black Hills Energy does not sponsor applicants for work visas. All applicants must be legally authorized to work in the US.
We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, or status as a protected veteran. If you require reasonable accommodation, please visit careers.blackhillsenergy.com for more information.
Salary : $88,700 - $133,150
