Project Finance Debt Financial Advisory Associate
BBVA · New York, United States · 1mo ago
Excited to grow your career?
BBVA is a global company with more than 160 years of history that operates in more than 25 countries where we serve more than 80 million customers. We are more than 121,000 professionals working in multidisciplinary teams with profiles as diverse as financiers, legal experts, data scientists, developers, engineers and designers.
About the job:
TEAM BACKGROUND:
With strong ambitions in sustainability and in an effort to help clients successfully navigate a dynamic market environment, BBVA CIB’s financial advisory unit has set up a specialized group with a focus on offshore wind power and energy transition/cleantech sectors (particularly those involving new or nascent technologies such as battery/energy storage, carbon capture utilization & storage, low-carbon hydrogen, transport electrification and biofuels). The group, currently based in Europe, has global geographic coverage serving a large and diversified client base (corporates and financial sponsors).
To better serve clients in the USA and Canada, this advisory group is looking to have on-the-ground presence with a new team being formed in New York City (NYC). Furthermore, given the specificities of the local markets and BBVA presence (including a large PF lending team in NYC), coverage for this new team will also include conventional energy, established renewables and infrastructure sectors. The team will focus primarily on debt advisory (project finance, acquisition finance, refinancing), with potential to include asset-specific M&A scope in the future.
The role comes with high internal and external visibility together with strong career growth potential reflecting BBVA’s talent development focus.
JOB RESPONSIBILITIES:
Origination
Assistance in market research and monitoring/updating of deal pipeline
Helping originate, maintain and strengthen relationships with clients, potential clients, lenders (banks and institutional investors), tax equity/tax credit investors & due diligence advisors
Participation in marketing efforts and preparation of pitches/presentation materials (both internal and external)
Coordination with internal teams (e.g. coverage, Project Finance lending, syndication, Global Markets) to identify opportunities or propose new business ideas and to help convert these into mandates
Execution
Direct role and involvement in structuring and end-to-end execution of transactions, including ownership of certain deliverables (as delegated)
Communication with clients on transaction aspects for which the person is responsible
Preparation and customization of bespoke and detailed financial models and related analyses (optimisation, sensitivities, valuations, model audit)
Assistance in preparation of deal materials (e.g. information memoranda, info for sponsor and lender approvals)
Assistance in financing and project documentation review and negotiations
Liaison and coordination with external advisors for due diligence completion
General
Training and mentoring of junior members of the team (analysts/interns)
Fostering cross-selling of CIB products working in coordination with other relevant CIB teams
Overseeing and contributing in internal and external administrative tasks
Travelling will be required as part of the role for internal and external meetings
Qualifications
Academic background and previous experience
Master's degree (desirable: MBA or specialisation in Finance)
3-5 years' experience in debt advisory (particularly project finance and acquisition finance) or combined lending + advisory role and/or M&A advisory, with a solid deals list (including financing structures with tax equity/tax credit)
Experienced analysts or junior associates at investment banks, advisory firms, commercial banks (including those with lending + advisory experience) and from the sponsor/developer side (funds/utilities) will be most relevant for this role.
Technical knowledge and languages
Strong financial modelling expertise (project finance, valuation, capital stack including tax credits) and analytical skills
Fluency in English (oral and written)
Proficiency in Spanish would be a plus (but not a prerequisite)
Licenses
FINRA SIE, Series 79, and Series 63 licenses (or willing to obtain within 6 months)
Soft skills
Interpersonal skills with ability to work directly with clients and also being able to mentor junior internal resources
Team player but also comfortable working independently with limited supervision when needed
Multi-tasker and able to work under time pressure
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
With respect to this position in our New York Office, the expected base salary ranges from $110,000 to $130,000. It is not typical for offers to be made at or near the top of the range. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.
*Employment eligibility to work with BBVA in the U.S. is required as the company will not pursue visa sponsorship for these positions
Legal requirements
It is not typical for offers to be made at or near the top of the range. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.
Pay Transparency Policy Statement
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information (41 C.F.R. 60-1.35 (c)).
Individuals with Disabilities
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EEO Statement
BBVA USA, BBVA Securities Inc., and BBVA S.A. New York Branch have a firm and unwavering policy to provide equal employment opportunity without regard to age, citizenship, color, disability, ethnic origin, gender, gender identity and expression, marital status, nationality, national origin, race, religion, sexual orientation, genetic predisposition, protected veteran status, or any other status or classification protected by federal, state or local law. This policy includes all job groups, classifications and organizational units. With regard to employment, this policy extends to applicants and covers our recruiting, hiring, promotion, transfer, demotion, discipline, termination, benefits, compensation and training practices as well as social and recreational activities.
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