Project Finance Analyst recruitment

Project Finance North America (“PF NA”) has broad responsibility for all project and structured financings executed for BBVA clients in the U.S. and Canada. The common feature of these transactions is that they are complex, highly structured, secured, cash flow-based transactions, with limited or no recourse to the clients’ balance sheets.  Instead, BBVA looks to the successful construction, operation and revenue-generation of the specific project being financed for its repayment.  

As such, strong analytic skills, attention to detail and the ability to process and synthesize information from a variety of different sources and disciplines (financial, engineering, legal, market analysis, insurance, etc) is critical.  PF NA’s mandate includes pursuing advisory, structuring, underwriting, arranging and lending opportunities across a wide range of sectors such as PPP/infrastructure, renewable and thermal power, and oil gas.    

To facilitate the growth of the business, PF NA is comprised of three execution teams with the following foci: PPP/infrastructure, renewables and thermal power and oil gas.

Summary of Responsibilities: 

As part of the PF NA rotating junior pool, this Analyst position within PF NA supports one of the aforementioned three execution teams at any given time in pursuing advisory, structuring, underwriting, arranging and lending opportunities in the U.S. and Canada. Depending on business needs, and to facilitate cross-training within the group, the juniors are periodically rotated among the three execution teams.

The Analyst will be charged with various aspects of the deal process, from marketing and transaction origination through due diligence, credit approval, negotiation and financial close.  Additionally, the Analyst will be responsible for assisting with post-closing transaction management, which can involve analyzing and responding to periodic amendments and waivers, and working on restructurings if and as necessary.

 List Major/Essential Job Duties:   

The Analyst will perform all of the following functions at various times, depending on the lifecycle of each given transaction:

- detailed financial modeling, including sensitivity analysis

- preparation of pitch materials (power point and full proposal letters) to assist in securing new business

- reviewing Non-Disclosure Agreements, including interfacing with internal BBVA counsel

- assisting with the review of due diligence materials, including models prepared by others, information memorandum, and commercial contracts such as Construction Contracts, Concession Agreements, Power Purchase Agreements, Fuel Supply Agreements, Turbine/Equipment Supply Agreements and Operatings and Maintenance Contracts

- drafting initial summaries of credit proposals

- preparing initial drafts of internal deal summaries, including summaries for the Head of the business line and New Business Committee approval requests, as well as other internal reports and applications in connection with the analysis, approval and booking of new transactions

- assisting in the review and negotiation of term sheets and related documentation for financing

- assisting with responses to BBVA Madrid inquiries regarding forecasts, run-off, pipeline etc

- translations between Spanish and English and vice versa, as required to communicate with head office

- maintenance of group's transaction and missed deal pipelines

- as needed, helping to support Portfolio Management Monitoring in connection with closed transactions where there are waivers, amendments or agency tasks and PMM requires assistance

- assistance with the construction and maintenance of PF NA’s run-off model and the spreadsheets that allow the Group to readily forecast income/budgets

Qualifications