Liberty Utilities Director, Business Development in Oakville, Ontario
Director, Business Development
Title:Director, Business Development
Subsidiary:Liberty Power (formerly Algonquin Power)
Zip/Postal Code:L6J 2X1
Our vision is to be the utility company most admired by customers, communities and investors for our people, passion and performance.
PurposeReporting to the SVP, Renewable Generation Wind, the Director, Business Development will be a key member of the team moving the company’s unregulated growth strategy forward, with a focus on growing Liberty’s North American wind portfolio. The Director Business Development will lead the team’s activities pursuing acquisitions of early to late-stage wind development projects and portfolios, will have responsibility for the economic analysis group supporting both acquisition and Greenfield development initiatives, and will add value to transactions by developing structuring and partnership arrangements to optimize the wind projects’ contributions to meeting the company’s financial objectives.
Successfully deliver projects that meet corporate investment hurdles and yearly growth targets
Use proven leadership skills to effectively lead and coordinate the team responsible for origination, evaluation, and acquisition of new business opportunities
Building relationships with developers, investment bankers, consultants, suppliers and others to drive new business opportunities
Use their knowledge of energy markets, customers, economic drivers, and collaborative efforts with Algonquin’s marketing team, to effectively target regions in which to grow and diversify Liberty’s portfolio in alignment with market opportunities and customer preferences
Ensuring a funnel of development opportunities is being built and systematically evaluated too meet the company’s growth objectives over a 5 year time horizon
Lead acquisition opportunity execution including developing the investment theses, coordinating and providing oversight of due diligence, negotiating acquisition and ownership structuring agreements, obtaining internal approvals, and supporting project financing
Create, evaluate, and negotiate transaction and partnership structures that help projects meet the company’s financial objectives
Being the owner of recommendations to the Executive team regarding project acquisitions including responsibility for ensuring modeling accuracy and that support sign-off has been secured from internal resources on model assumptions
Helping project teams identify, assess, and solve commercial challenges related to acquisition projects
Coordinating with technical, supplier facing, and operational teams to stays abreast of industry trends and cost saving opportunities to further advance the company’s competitive position in pursuing growth opportunities
Managing department budget creation and spend
In consultation with the Liberty enterprise risk management team, ensuring that appropriate risk identification, assessment and reporting procedures are followed
Seeking out and implementing ideas to continually improve the company’s approach to business development activities
Developing team members, advancing their careers and making them increasingly competent and capable of originating and evaluating business opportunities
Contribute to the overall leadership of the Development Division in the areas such as strategy development, supporting corporate initiatives, people leadership and engagement
Education & Experience
Bachelor’s Degree within Commerce, Economics, Engineering, or related fields
MBA, CFA, or accounting designation an asset
Minimum of 10 years of business experience
Minimum of 3 years of experience evaluating complex projects and financial transactions using discounted cash flow models
Minimum 5 years of deal management experience
Minimum 5 years of experience in power generation
Minimum 5 years of experience in people management (direct report or cross-functional)
Minimum of 5 years of experience structuring and negotiating non-standard commercial contracts
Excellent external and internal relationship building skills with an focus on driving business results
Commercial acumen and the ability to effectively evaluate and solve business challenges
Ability to work well under pressure and meet strict deadlines
Ability to prioritize conflicting deliverables
Excellent written and oral communication skills
Algonquin Power & Utilities Corp is a North American diversified generation, transmission and distribution utility with $10+ billion of total assets. (APUC) delivers continuing growth through an expanding pipeline of renewable energy development projects, organic growth within its regulated distribution and transmission businesses, and the pursuit of accretive acquisitions.
The distribution business group (Liberty Utilities) provides rate regulated water, electricity and natural gas utility services to over 750,000+ customers in the United States. The transmission business group invests in rate regulated electric transmission and natural gas pipeline systems in the United States and Canada.
The generation business group (Liberty Power, formerly known as Algonquin Power) owns a portfolio of regulated and long term contracted North American based wind, solar, hydroelectric and thermal powered generating facilities representing more than 1.5+ GW of installed capacity.
What we offer
Collaborative environment with a genuine flexible working policy
Share purchase/match plan
Defined Contribution savings plan
Top Talent Program
Volunteer paid days off
Employee Assistance Program
Free parking, including free electrical charging
We are focused on building a diverse and inclusive workforce. If you are excited about this role, and are not certain you meet the all the qualification requirements, we encourage you to apply to further investigate the opportunity.
We are an equal opportunity employer and value each person’s unique background, diversity, experiences, perspectives and talents. Full participation of all employees in a safe, healthy and respectful environment is key to individual and company success. We are committed to fully utilizing the abilities of all of our employees and expect each of our employees to honor this commitment in their daily responsibilities.
As part of our commitment, we work to ensure our application process is accessible to all candidates. If you require special assistance or accommodation during the hiring process, please notify the Talent Acquisition Team.