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Avangrid Manager- Corporate Development in Boston, Massachusetts

Manager- Corporate Development

Company: AVANGRID MANAGEMENT COMPA

Location:

Boston, MA, US

Company

Company

Iberdrola is a global energy leader, the number one producer of wind power, and one of the world's biggest electricity utilities in terms of market capitalisation. The group supplies energy to almost 100 million people in dozens of countries including Spain, the United Kingdom (ScottishPower), the United States (AVANGRID), Brazil (Neoenergia), Mexico, Germany, Portugal, Italy and France, with a workforce of more than 35,000 people.

Iberdrola is leading the transition towards a sustainable energy model through its investments in renewable energy, smart grids, large-scale energy storage and digital transformation, to offer its customers the most advanced products and services. Thanks to its commitment to clean energy, Iberdrola is one of the companies with the lowest emissions and an international benchmark for its contribution to sustainability and the fight against climate change.

Responsibilities

Valuation and execution support of Avangrid’s non-organic M&A transactions for U.S. and global growth. Involvement in aspects of the transaction, including: valuation and due diligence, structuring and integration.

Regular interaction and close coordination with teams at Avangrid and Iberdrola. This includes Avangrid Renewables and Avangrid Networks, as well as corporate functions like Finance and Treasury, Accounting and Tax, Legal, and Regulatory. Support key relationships and dialogue with investment banks and other financial advisors to track utility, renewable energy, and cleantech M&A themes, as well as to identify target acquisition opportunities.

The Corporate Development team is a flat team, including 3 professionals that lead all internal and external work required for the execution and approval of M&A transactions in the U.S. and other core markets:

  • Benchmark U.S. and global competitor activity in M&A track M&A trends in the U.S. and other core markets. Research electric and gas utilities and renewable energy trends and develop theses on core value opportunity to Avangrid and Iberdrola

  • Identify and analyze specific opportunities in renewable energy (wind, solar, battery storage and other emerging technologies) as well as in regulated assets (gas, electric, and infrastructure)

  • Lead supporting financial and valuation analysis, including (among others): operating models, discounted cash flow, precedent transactions, and comparable companies

  • Develop proforma earnings accretion / dilution and proforma credit analysis

  • Prepare investment or divestment memos or dossiers for executive decision

Skills and Requirements

Bachelor’s degree in business or science major required. MBA or Master’s Degree preferred. 6 years’ work experience in companies related to energy sector.

  • Relevant work experience in power, utilities and renewable energy private equity, investment banking, top-tier utility corporate development or renewable energy development team

  • Prior experience in M&A, including: opportunity origination and pipeline management, valuation and due diligence, and execution

  • Strong understanding of renewable energy project development and financial modeling; strong understanding of U.S. electric and gas utility regulation and financial modeling

  • Results-oriented, with strong critical and creative thinking, decision-making and problem-solving skills

  • Excellent communicating and influencing skills, with the ability to present complex, technical topics to internal and external audiences of various sizes and knowledge levels

  • Ability to write proposals, reports and memos in a clear and concise manner to advance program initiatives from a business and regulatory perspective

  • Ability to read and interpret regulatory orders and tariffs, federal / local regulations and reports

  • Strong cross functional team skills, desire to serve co-workers and provide customers with excellent service

  • Proven ability to work independently and at all levels of the organization.

AVANGRID employees may be assigned a system emergency role and in the event of a system emergency, may be required to work outside of their regular schedule/job duties.

Competencies

  • Develop Self & Others

  • Empower to grow

  • Collaborate and Share

  • Be a role model

  • Focus to achieve results

  • Be agile

AVANGRID employees may be assigned a system emergency role and in the event of a system emergency, may be required to work outside of their regular schedule/job duties.

AVANGRID’s employment practices and policies are geared to hiring a diverse workforce and sustaining an inclusive culture. At AVANGRID we provide fair and equal employment and advancement opportunities for all employees and candidates regardless of race, color, religion, national origin, gender, sexual orientation, age, marital status, disability, protected veteran status or any other status protected by federal, state, or local law. Learn more about equal employment by following this link

If you are an individual with a disability or a disabled veteran who is unable to use our online tool to search for or to apply for jobs, you may request a reasonable accommodation by contacting our Human Resources department at 203-499-2777 or careers@avangrid.com

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