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Liberty Utilities Director, Business Development in Oakville, Ontario

Director, Business Development

Summary

Title:Director, Business Development

ID:122268

Subsidiary:Liberty Power (formerly Algonquin Power)

Department:Business Development

Location:Oakville, ON

Country:Canada

Zip/Postal Code:L6J 2X1

Description

Our vision is to be the utility company most admired by customers, communities and investors for our people, passion and performance.

Purpose

Reporting 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.

Accountabilities

  • 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

  • Entrepreneurial mindset

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

Free refreshments

Top Talent Program

Volunteer paid days off

Employee Assistance Program

Achievement fund

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.

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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.

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