AIFA - ADVISORY ANALYST

Job description

“AIFA” (Aquisitions, Investment and Financial) ADVISORY ANALYST

 

Context

ENGIE is growing in Brazil and we are looking for talented and motivated people to join our team in order to create the future of energy. Join a rewarding and flexible work environment that encourages innovation and creativity, and help us meeting the energy challenges of today and tomorrow. 

Company: ENGIE BRAZIL Business Unit

As an international energy provider, ENGIE structures its activities around the three key sectors of electricity, natural gas and energy services. ENGIE provides its customers with high-technology solutions in response to their needs and to meet the energy challenges of tomorrow (http://www.engie.comh).  ENGIE is structured around 24 business units, including Brazil.

Our local subsidiary, listed on the local stock exchange as Engie Brazil Energia (EGIE3), has been operating in Brazil for over 20 years and has developed the country´s largest privately held generation portfolio. Once exclusively dedicated to the implementation and operation of large power plant projects, Engie Brazil Energia has expanded its activities to include the development of transmission lines and the installation of distributed solar systems (roof-top panels).  In addition, ENGIE group is also rapidly growing a portfolio of innovative energy efficiency solutions (HVAC, cogeneration, energy/utility consumption monitoring, telemetry, public lighting, urban mobility) which are being successfully deployed in cities, communities, and industrial/commercial areas.  Finally, ENGIE also has the ambition to be an actor of reference in the local gas market, covering gas transportation, distribution and biogas (www.engie.com.br).

As a token of ENGIE´s worldwide dedication to a sustainable and harmonious development, ENGIE has recently been ranked “Industry Leader” in the Multi and Water Utilities sector of the Dow Jones Sustainability Index World and Europe.

Role: “AIFA” FINANCIAL ANALYST

The Acquisitions, Investments and Financial Advisory (“AIFA”) team is a fast-paced group that is closely involved in major transactions and strategic initiatives undertaken by ENGIE worldwide.  This group consists of approximately 130 individuals spread-out worldwide, of which 10 are dedicated to support the activities of ENGIE in Brazil.  As an integral part of the Brazil AIFA team, the Financial Analyst is responsible for supporting the valuation and risk analysis of new projects and for supporting the structuring and execution of M&A and financing transactions.  

Most of the time, the Financial Analyst works under the supervision and guidance of an AIFA Manager and as part of a multi-disciplinary project team. The type of projects and underlying technology(ies) are extremely varied, ranging from power generation (wind, solar, gas, biomass) to gas transportation/distribution, energy efficiency BOTs/PPPs, greenfield/brownfield projects, buy-side or sell-side M&As, negotiated deals/public tenders, etc. – offering a challenging and stimulating work environment to the potential candidate, with plenty of opportunities to develop him/herself professionally.

Responsibilities

The main responsibility of the Financial Analyst is to develop and maintain rigorous financial models to support investment decisions, including, amongst others:

·         developing a critical understanding of the business which is being assessed, its main revenue and cost drivers, areas of risk and opportunities, competitive levers,

·         discussing base case and alternative assumptions with team members involved in the project (business developers, implementation team, O&M team, regulatory team, …)

·         building financial models / financial projections based on such assumptions or auditing financial models prepared by other team members

·         preparing accurate representation of financing, accounting and tax related inputs and projections in financial models (with the support of internal and/or external tax and accounting experts)

·         producing valuation analysis/reports with sensitivities analysis (alternate scenarios, assessment of risk and opportunities), applying the appropriate valuation methodology/standards in accordance with ENGIE´s guidelines,

·         analyzing financial (or financing related) risks and impact of proposed transactions on accounting

·         recommending contingency levels for areas of uncertainty (financial risks such as FX, interest rates, construction risks such as delays and costs overruns)

·         documenting assumptions and results in investment notes/reports for the management.

The Financial Analyst will also support AIFA managers in duties typically performed by the AIFA team, including, amongst others:

·         analyzing, evaluating and recommending the most appropriate/competitive funding options for the projects (project or corporate finance, bank loans, capital markets, multi-lateral agency/development bank funding, export finance, etc.),

·         structuring (including origination/bank selection), negotiating and delivering financing solutions/products for medium to large size transactions, 

·         advising internal stakeholders in understanding appropriate risk allocation, bankability of terms and conditions of various project contracts and provide general structuring advice and optimization of returns throughout the business development process, 

·         supporting internal approvals process for new economic commitments and associated financing arrangements, 

·         originating advisory/M&A mandates and subsequently manage financial/bank buy/sell-side advisors,

·         supporting negotiations with partners, banks, tender/bid parties/participants (government/private entities/advisors),

·         maintaining market intelligence, screen opportunities, monitor and assess competitors’ approach to financing/funding projects

·         performing ad-hoc analysis to support information requests from ENGIE group (annual asset impairment testing, investment files look-backs / return on experience, sharing of lessons learned, …)

·         supporting the development of the global AIFA community by actively taking part in reviewing and contributing to the elaboration of policies, methodologies and standards, and by disseminating information/knowledge in the community

Requirements

It is typically expected that the candidate will meet or exceed the following requirements:

·         outstanding analytical skills

·         outstanding interpersonal skills

·         strong understanding of MS-Excel functions and prior experience in developing and maintaining MS-Excel-based financial models

·         strong understanding of valuation concepts (CAPM model) and corporate finance concepts

·         good understanding of the practical aspects of accounting and tax matters

·         good basis on broader theory of finance and key concepts such as inflation / foreign exchange / interest rates,

·         some understanding on the available sources of funding in the market and their characteristics (in particular project finance products)

·         ability to plan his/her work and to multi-task, sometimes under pressure or tight deadlines

·         a structured approach to analyzing problems

·         inquisitive mindset, with an interest to go beyond the assignments which are being given to expand his/her horizon

·         a results-oriented team player

·         interest in working in project teams, with internal and external stakeholders

·         ability to communicate clearly and concisely (orally and in writing)

·         proficiency in the use of MS Office tools

·         good understanding of the power sector (generation, transmission, trading), the gas sector (transportation, distribution), energy services business or the PPP/Infrastructure model is a plus

Desired Education / Experience

·         Education: degree in economics, finance, business administration or engineering. Ongoing CFA, or CFA aspiration is a plus

·         2-3 years of experience in a Project Finance, M&A or Corporate development environment at an investment bank, consultancy firm, private equity fund or corporation in the Power or Infrastructure Sector

Additional Information

·         The Financial Analyst will report to one of the team´s AIFA managers

·         The role is located in Rio de Janeiro at ENGIE headquarter

·         Punctual travel may be required locally and internationally, usually for periods not exceeding a couple of days to a week

·         Fluency in Portuguese and English is required