Investment Manager at Aquatech in Houston TX - Houston , TX 77002

Job description

• Position Type
• Full Time
• Job Shift
• Day
• Education Level
• 4 Year Degree
• Travel Percentage
• Up to 25%
• Category
• Finance
• Support the developer team in turning early-stage BOO opportunities into bankable projects by:
• • Building robust, audit ready project finance models
• • Structuring debt/equity mixes and optimizing tax, incentives, and financing mechanics
• • Producing decision quality analysis and materials for Internal Committee (IC), lenders, tax advisors, and co investors
• • Leading the financial workstream through due diligence, term sheet negotiations, and closing
• The role also includes light asset management support to track performance against modelled cases and inform refinancing, equity recycling, or sell down decisions.

Responsibilities

• • Monthly construction phase, quarterly/annual operating periods, full life of project
• • Integrated revenue, OPEX, CAPEX, working capital, debt schedules, taxes, and distributions
• • Translate BOO/BOT/P3 contracts into cash flow logic and covenant mechanics:
• • PPA / WPA / tolling agreements, EPC, O&M, land/lease, offtake, interconnection, take or pay, etc.
• • CAPEX overruns, tariff/volume changes, FX, interest rates, construction delays, commissioning risks
• • Maintain a model library and standard templates for rapid scaling across multiple projects.
• • Target gearing, tenor, sculpted vs. flat amortization, DSCR/LLCR thresholds, DSRA/reserves, refinancing options
• • Equity requirements
• • Unlevered/levered IRR, NPV, MOIC for sponsor and co investors
• • Pure project finance vs. holdco debt, portfolio financing, mini perm vs. long term, sale leaseback, JVs, etc.
• • Depreciation (MACRS/other), interest deductibility, loss carry forwards, withholding taxes, etc.
• • Work with external tax counsel and tax equity advisors to translate:
• • Tax equity structures, investment/production tax credits, grants, rebates, and other incentive schemes into model logic
• • Straight equity vs. tax equity partners, leasing, sale leaseback, JV structures
• • Show after tax returns and cash waterfall implications for each structure.
• • Base case, lender case, equity case, and bespoke suites for DFIs, ECAs, and commercial banks
• • Respond to model Q&A, incorporate lender/-equity feedback into the base case
• • Quantify impacts on covenants, financial ratios, and required mitigants
• • Test alternative structures (higher leverage vs. higher pricing, cash sweeps, sculpting, covenant tweaks)
• • Summarize trade offs and recommendations for management and IC.
• • Develop investment memoranda, lender teasers, and internal IC decks that:
• • Clearly articulate the business model, risk allocation, financial metrics, and sensitivity results
• • Translate complex modelling outputs into clear charts, tables, and storylines for:
• • Non financial stakeholders (utilities, offtakers, boards, government counterparts, co investors)
• • Ensure all materials are consistent, auditable, and investor ready.
• • Update models with actuals, variance analysis, and forecast revisions
• • Aggregated cash flows, holdco level covenants, equity recycling capacity, refinancing windows
• • Feed insights into refinancing, buy backs, sell downs, or secondary transactions.
• 7. Up to 40 percent travel may be required.
• 8. Other duties as assigned.

Requirements

• Required
• 8–10 years of relevant experience in Project finance (investment banking, infrastructure funds, or infrastructure backed development platforms), or 3–4 years in an infrastructure fund or infra backed platform with direct exposure to BOO/BOT/P3 structures, plus 2–4 years in project finance advisory/modelling.
• • Building large, complex, multi period project finance models from scratch
• • Structuring senior debt, mezzanine, and equity for infrastructure/industrial projects
• • Preparing IC decks, lender teasers, and investment memos
• • Running financial due diligence and responding to lender/equity Q&A
• • BOO/BOT/P3 contract mechanics and how they map to cash flow and covenant structures
• • Debt covenants (DSCR, LLCR, PSR), reserves, sculpting, cash sweeps, and refinancing
• • Basic tax and incentive mechanics (depreciation, interest deductibility, tax equity concepts)
• • Excellent communication skills; able to translate technical/financial complexity into clear narratives for non-financial audiences.
• • Proficiency in Excel (advanced), with experience in financial modelling best practices (audit trails, scenario management, global standards).
• • Water infrastructure, desalination, ZLD, wastewater reuse
• • Critical minerals, lithium, brine to chemicals, mining infrastructure
• • Power/energy transition (PPAs, renewable projects, tax equity structures)
• • Exposure to DFI/ECA financing (e.g., EXIM, CDC, EIB, JICA, KEXIM) and blended finance structures.
• • Prior asset management or portfolio performance role for infrastructure assets.
• • MBA or advanced degree in Finance, Engineering, Economics, or related field.
• • CFA, CAIA, or similar certification (a plus, not required).

Skills

Required

• Tax optimization and incentives
• Project financing workstream support
• Portfolio & performance analytics
• Proficiency in Excel (advanced)
• Excellent communication skills

Preferred

• CFA, CAIA, or similar certification

Benefits

• Aquatech offers a comprehensive benefits package, including paid time off, company-paid holidays, and a 401K plan (all benefits are based on eligibility)