Manager, Financial Modeling & Portfolio Valuation

Overview

We are Lightsource bp – and we’re on a mission to become a global leader in onshore renewables, anchored by our proven track record in solar development. For over a decade we’ve been actively working to diversify the way our world is powered with sustainable and responsible renewable power. We work to safely deliver affordable, reliable, large-scale onshore renewable and energy storage solutions to help the world decarbonise.

Our growing business is constantly innovating and investing to help drive the energy transition. Our people and projects are focused on supporting long-term sustainable growth and energy security. Lightsource bp was fully acquired by bp in 2024. As a global developer, LSbp has adopted a capital-light model designed to retain management and equity interest in projects whilst minimising capex and debt consolidation.

Therefore, once developed, project funding is relying extensively on third party capital including debt, tax equity, structured and/or common equity.

This is a hybrid role and must be performed out of our Austin, Denver, or San Francisco office.

Core Responsibilities

• Financial Modelling:
  For each individual asset portfolio, creating, developing and maintaining appropriate and robust financial models capable of:
• o calculating returns and valuations for investments;
• o sizing debt, calculating ratios and running sensitivities for different scenarios; and
• o assisting in short-, medium- and long-term corporate level business planning and budgeting.
• Update portfolio models with actuals provided by the Finance team.
• Providing support in debt financing/refinancing and M&A transactions.
• Working with independent advisors (technical, legal, tax) and internal teams to develop in-depth knowledge of value drivers (e.g. technical, tax & accounting, Opex assumptions, and optimum capital structure).
• Providing good quality, timely financial modelling advice to stakeholders (debt, tax equity, partners & internal stakeholders), in a way that non-specialists can readily understand.
• Maintaining the monthly, semi-annual and annual cash flow models and assessing the impacts of model outputs on short- or long-term financing requirements.
• Supporting with Budgeting and financial planning.
• Supporting with Board presentations and analysis for various stakeholders.

Portfolio Valuation Activities

• On a regular basis, review the Asset Valuation Framework and provide update recommendations on matters including:
  Valuation methodology, modelling assumptions setting, financial KPIs and sensitivities to report.
• Update on a semi-annual basis all individual asset portfolio models by: collating from other teams and/or recommending modelling assumptions in accordance with the Asset Valuation Framework; updating models with financial actuals provided by the finance team and any agreed updated modelling assumptions; delivering updated outputs, KPIs and sensitivities in accordance with the Asset Valuation Framework.
• Prepare valuation reports (PowerPoint / Word) in a timely manner (semi-annually).
• Provide ad-hoc model updates to support specific investment or divestment initiatives
• Create or update portfolio models for valuation and divestment purposes.

Within the Investment Management Team

• Support the IM Portfolio Management group on investor compliance matters including modelling and presentations to lenders and other external parties (tax equity, JV partners etc.).
• Support the risk management & optimization of assets by performing financial analysis of proposals from other team members and providing analytical support on risk analysis / scenario planning under guidance.
• Provide analytical and modelling support to investment / divestment opportunities.
• Contribute with the wider IM team to generate new asset investment or divestment ideas (e.g., maintenance capex, operational improvement, site improvement, other commercial improvements, potential divestments or refinancing).

Interaction with Other Teams

• Report/recommend to internal stakeholders on financial performance or valuation matters relating to the portfolio being managed.
• Engage with the Structured Finance Team to understand closed projects, own…