The Role
Supports the Head of Finance with financial modeling, valuation, capital allocation, financing, and deal-structure analysis for geothermal projects. The role evaluates project economics and portfolio investments, develops complex infrastructure finance models, and supports the structuring, negotiation, and execution of debt and equity transactions. It requires cross-functional collaboration with development, exploration, and land acquisition teams, along with clear communication of financial impacts to non-financial stakeholders.
Summary Generated by Built In
Role Overview
Title: Project Finance Associate
Hours: Full-time; Salaried
Location: Salt Lake City, UT - Hybrid
Benefits Eligible: Yes
Reporting to: Head of Finance
Mission – Why we exist and why we need you
Geothermal energy is the most abundant renewable energy source in the world. There is 2,300 times more energy in geothermal heat in the ground than in oil, gas, coal, and methane combined. However, historically it’s been hard to find and expensive to develop. At Zanskar, we’re using better technology to find and develop new geothermal resources in order to make geothermal an affordable and vital contributor to a carbon-free electrical grid. We’ve set new industry standards for discovery rates, finding new prospects at an unprecedented scale and revolutionizing the exploration process.
The Project Finance Associate will be crucial in supporting the Head of Finance in financial modeling and analysis and strategic decisions focusing on the economic viability of geothermal projects. This is a career-level role, and we expect the Project Finance Associate to grow and find new ways to impact our organization, contributing to Zanskar’s broader financial and capital allocation strategy.
Outcomes - Problems you’ll solve
In the first six months, there will be a concentrated emphasis on performing different financial analyses to guide key investment decisions on individual geothermal projects and across the portfolio including valuation, capital allocation, financing, and deal structure. This will require becoming intimately familiar with potential capital permutations, structure sensitivities, and value levers. You will work closely with cross-functional experts in various groups such as land acquisition, development, exploration, etc. You will work directly with the Head of Finance and senior management in the structuring, negotiation, and execution of project finance transactions, including debt and equity financings for infrastructure projects.
Competencies – What we’re looking for
- Industry-specific modeling knowledge: Can develop and maintain complex financial models for project and infrastructure financing that may include construction financing, back leverage, tax equity financing, and project offtake, among others. Capability should be equivalent to 2-4 years of experience in project finance, specifically in energy and renewables (geothermal energy is a plus)
- Reliability: Ability to deliver impressive results in a cross-functional, high-growth, and fast-paced environment
- Flexibility: Can perform analysis on a variety of projects with different project or transaction deadlines with potentially shifting priorities. Feels comfortable structuring and resolving ambiguity in order to come up with an actionable answer
- Cross-functional communicator: Able to translate various internal and external teams’ input into financial models as well as communicate the impact of those with non-financial stakeholders
Location, Salary, and Benefits
- The position is based out of our headquarters in Salt Lake City, Utah
- Full-time position
- Paid holidays
- Generous Relocation Packages
- 15 days PTO + Accrual increase based on tenure
- Paid Sick Leave
- Medical and dental coverage
- 401k
- A direct impact in displacing carbon emissions
- Growth opportunities in a growing startup environment
Equal Opportunity Employer
Zanskar is an equal-opportunity employer and complies with all applicable federal, state, and local fair employment practice laws
Skills Required
- 2–4 years of experience in project finance, specifically in energy and renewables
- Ability to develop and maintain complex financial models for project and infrastructure financing
- Knowledge of construction financing, back leverage, tax equity financing, and project offtake
- Ability to perform financial analysis for valuation, capital allocation, financing, and deal structure decisions
- Ability to work effectively in a cross-functional, high-growth, fast-paced environment
- Ability to manage shifting priorities and resolve ambiguity into actionable recommendations
- Strong cross-functional communication skills with financial and non-financial stakeholders
- Geothermal energy experience
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The Company
What We Do
Zanskar is the first AI-native geothermal energy company. It utilizes artificial intelligence, machine learning, and advanced geoscience to precisely pinpoint and develop utility-scale geothermal resources. By transforming exploration into a repeatable, data-driven process, Zanskar aims to unlock vast amounts of clean, firm baseload power, making geothermal energy a cornerstone of the future power grid and a major player in the U.S. energy mix.
