Associate - Power Utilities & Renewables Group, Dallas
Houlihan Lokey, Dallas, TX, United States
Power Utilities & Renewables Group
Houlihan Lokey's growing Power & Utilities ("PU&R") Group provides a unique opportunity to gain valuable experience in both sell-side and buy-side M&A and bespoke capital markets activities, as well as the largest and most complex restructuring transactions in the power industry. The PU&R Group has global coverage responsibilities for the firm's investment banking activities in the power sector, including significant sell-side and buy-side M&A mandates for large renewable projects, merchant energy producers and IPPs, power & gas retailers and investor owned utilities. Notably, given the ongoing global energy transition, electrification and other ESG themes, the PU&R Group has experienced significant growth in inquiries and projects for renewable project owners, energy transition sector players, and their stakeholders. In addition, the PU&R Group has worked on all 15 of the largest P&U restructurings since 2000 including Enron, Energy Future Holdings (TXU), Pacific Gas & Electric and SunEdison. The P&U Group also provides industry support for HL's market leading fairness and valuation practice. Responsibilities include: Advising boards of directors, equity sponsors, owners, investors and other stakeholders of merchant power producers, renewable energy companies, IPPs, retailers and utilities on the evaluation, marketing, and execution of various transactions Performing all pertinent financial analyses, including with respect to:
Valuations (discounted cash flow, LBO, trading comparables, precedent transactions, etc.) Financing and debt capacity analyses Recovery waterfalls, and recovery and equity split analyses Returns / IRR analyses
Preparation of marketing materials, pitches, teasers, and various presentations Interfacing with the other industry professionals and consultants in evaluating power and utility assets Supporting ongoing analyses of recent events, transactions and trends within the power and utility sector Associates are typically members of deal teams comprising at least one Managing Director, Vice President and Financial Analyst. The environment at Houlihan Lokey is results-driven and entrepreneurial, and, as such, rewards Associates with substantial responsibility. The ideal candidate should be motivated, creative, and outgoing, and should possess strong skills in financial analysis. Candidates must have a strong knowledge of accounting and applied financial theory, keen analytical capabilities, and excellent verbal and written communications skills. Our team is looking for candidates with qualifications that include: At least four years of investment banking, consulting, investment management, restructuring advisory or similar experience.
Experience in unregulated or regulated U.S. power markets, power project finance, trading/marketing, or corporate finance viewed favorably but not necessary for applicant as industry training will be provided
Preferred Qualifications: B.A. or B.S. in Finance, Accounting, Business or Applied Economics and / or course work in accounting and finance Fundamental understanding of valuation theory, methodologies, and applications Strong financial and computer skills Demonstrated ability to work cooperatively with all levels of staff Strong analytical abilities, including financial modelling skills Excellent verbal and written communication skills An advanced level of attention to detail Houlihan Lokey is committed to providing its employees with an exciting career opportunity and competitive total compensation package, which may include other components such as discretionary incentive compensation. The firm's good faith and reasonable estimate of the possible salary range for this role at the time of posting is: USD175,000-USD200,000 Actual salary at the time of hire may vary and may be above or below the range based on various factors, including, but not limited to, the candidate's relevant qualifications, skills, and experience and the location where this position may be filled. Houlihan Lokey provides a competitive benefits package. Our current benefits offerings can be found here: We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other characteristic protected by law.
Houlihan Lokey's growing Power & Utilities ("PU&R") Group provides a unique opportunity to gain valuable experience in both sell-side and buy-side M&A and bespoke capital markets activities, as well as the largest and most complex restructuring transactions in the power industry. The PU&R Group has global coverage responsibilities for the firm's investment banking activities in the power sector, including significant sell-side and buy-side M&A mandates for large renewable projects, merchant energy producers and IPPs, power & gas retailers and investor owned utilities. Notably, given the ongoing global energy transition, electrification and other ESG themes, the PU&R Group has experienced significant growth in inquiries and projects for renewable project owners, energy transition sector players, and their stakeholders. In addition, the PU&R Group has worked on all 15 of the largest P&U restructurings since 2000 including Enron, Energy Future Holdings (TXU), Pacific Gas & Electric and SunEdison. The P&U Group also provides industry support for HL's market leading fairness and valuation practice. Responsibilities include: Advising boards of directors, equity sponsors, owners, investors and other stakeholders of merchant power producers, renewable energy companies, IPPs, retailers and utilities on the evaluation, marketing, and execution of various transactions Performing all pertinent financial analyses, including with respect to:
Valuations (discounted cash flow, LBO, trading comparables, precedent transactions, etc.) Financing and debt capacity analyses Recovery waterfalls, and recovery and equity split analyses Returns / IRR analyses
Preparation of marketing materials, pitches, teasers, and various presentations Interfacing with the other industry professionals and consultants in evaluating power and utility assets Supporting ongoing analyses of recent events, transactions and trends within the power and utility sector Associates are typically members of deal teams comprising at least one Managing Director, Vice President and Financial Analyst. The environment at Houlihan Lokey is results-driven and entrepreneurial, and, as such, rewards Associates with substantial responsibility. The ideal candidate should be motivated, creative, and outgoing, and should possess strong skills in financial analysis. Candidates must have a strong knowledge of accounting and applied financial theory, keen analytical capabilities, and excellent verbal and written communications skills. Our team is looking for candidates with qualifications that include: At least four years of investment banking, consulting, investment management, restructuring advisory or similar experience.
Experience in unregulated or regulated U.S. power markets, power project finance, trading/marketing, or corporate finance viewed favorably but not necessary for applicant as industry training will be provided
Preferred Qualifications: B.A. or B.S. in Finance, Accounting, Business or Applied Economics and / or course work in accounting and finance Fundamental understanding of valuation theory, methodologies, and applications Strong financial and computer skills Demonstrated ability to work cooperatively with all levels of staff Strong analytical abilities, including financial modelling skills Excellent verbal and written communication skills An advanced level of attention to detail Houlihan Lokey is committed to providing its employees with an exciting career opportunity and competitive total compensation package, which may include other components such as discretionary incentive compensation. The firm's good faith and reasonable estimate of the possible salary range for this role at the time of posting is: USD175,000-USD200,000 Actual salary at the time of hire may vary and may be above or below the range based on various factors, including, but not limited to, the candidate's relevant qualifications, skills, and experience and the location where this position may be filled. Houlihan Lokey provides a competitive benefits package. Our current benefits offerings can be found here: We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other characteristic protected by law.