Structured Finance & Development Intern

Job Summary

Kairos Power is seeking a Structured Finance & Development Intern to support financial and other initiatives enabling the management of commercial and partnership opportunities from concept to realized business impacts. The role will report to the Commercial Development Manager (responsible for project finance), working closely with the Strategy and Technology teams, to help with the execution of financial activities, business-critical partnerships, and commercial initiatives.

The 2024 summer intern for the Business Development and Finance team will be required to structure ambiguous problems and suggest actions. The successful candidate will do this by (i) working with diverse teams at Kairos Power to establish trust-based relationships and (ii) by synthesizing clear takeaways from complex information and recommendations. Four categories will encompass this work with an expected emphasis on the first category, Commercial Development:

Responsibilities

Commercial and Financial Development

• Development, refinement, and/or review of comprehensive project finance models

• Support the commercial and financial structuring of power project transactions including participating in brainstorming and helping develop, communicate, and analyze options, plans, and proposals

• Support development of financial plans for key business initiatives

Customer/Partner Intelligence

• Research on potential customers including finances, energy purchases, business plans, etc.

• Support the benchmarking of nuclear deal developments and customer commitments

• Support the preparation and presentation of industry updates to the wider business team on a regular basis

Relationship Management

• Support Kairos Power's various partnerships, existing and expected, through meeting and events management, setting objectives and outcomes, and knowledge capture

General Business Development

• Develop and maintain commercial related collateral in coordination with Kairos Power's Communications team

• Support Request For Information (RFI) and Request For Proposal (RFP) responses

Qualifications

• Must currently be pursuing MBA

• 2+ years of full-time relevant experience with finance

• Must have relevant financial experience; ideally, in limited-recourse financing of power projects. Otherwise, other project finance experience or similar structured finance may be sufficient (for example, complex commercial real estate financing).

• Strong preference for exposure to the power sector or demonstrated ability to learn the power sector quickly through research/readings.

• Microsoft Office skills including Outlook and PowerPoint

• Excellent verbal and written communication skills

• Attentive to detail with a demonstrated commitment to delivering high quality work products

• Versatility, flexibility, and willingness to adapt job responsibilities as required to meet the demands and opportunities of a rapidly growing company

• Strong candidates will have experience in the following areas:

• Structuring cash equity, tax equity, and limited-recourse project debt and analyzing the impact of such instruments on the economics of energy projects

• Financial analysis and structuring of power project agreements such as PPAs, construction agreements, O&M agreements, etc.

• Understanding of how the power business works including power markets and power purchasing

• Development, refinement, and review of comprehensive project finance models

• Ability to work with highly collaborative team

• Ability to solve problems quickly and efficiently

• Ability to proactively collect, manage and transfer knowledge

• Ability to seek different and novel ways to create efficiencies when working on problems, challenges and issues

Physical Conditions

• Remaining in a stationary position, often standing, or sitting for prolonged periods

• Moving about to accomplish tasks or moving from one worksite to another

• Adjusting, moving, transporting, installing, positioning, or removing objects up to 50 pounds in all directions

• Communicating with others to exchange information

Environmental Conditions

• General office environment

• Small and/or enclosed spaces

• High-concentration, demanding and fast-paced

Safety and PPE

• Reading and interpreting hazardous warning signs

• Wearing proper PPE, to include face mask, face shields, gloves, safety shoe

Travel

• Limited travel may be required (up to 10%)

The hourly range for this position is $45-50 employees working onsite at our Alameda, CA headquarters or $40-45 for remote employees working in California. The range provided in this job posting represents the typical range or starting rate of candidates hired in California. Factors that may be used to determine your actual salary may include your education, experience, knowledge, skills, abilities, the market data for your work location, and a comparison to other employees already in the role.

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