Financial Modeling & Analysis Associate

Raymond James Financial, Inc. is hiring a Financial Modeling & Analysis Associate to support the Raymond James Renewable Energy Investment (RJREI) Product Origination team. This hybrid role in St. Louis, MO focuses on building and maintaining underwriting-quality financial models and delivering analysis that informs renewable energy and tax credit investment decisions across the investment lifecycle.

What You’ll Do

• Build, maintain, and analyze financial models for renewable energy and tax credit investment opportunities, covering project economics, cash flows, tax benefits, investment returns, and key transaction metrics.
• Support underwriting by evaluating prospective deals, including review of project assumptions, revenue structure, operating expenses, capital requirements, financing terms, tax attributes, and other inputs that drive transaction economics.
• Develop and maintain forecasts for project performance, investment returns, tax credit delivery, cash funding requirements, and other metrics used for transaction evaluation and planning.
• Perform valuation analyses to assess investment economics, pricing, expected returns, and relative attractiveness of opportunities.
• Run scenario analysis and sensitivity testing to quantify the impact of changes in assumptions such as performance, timing, pricing, costs, tax benefits, and transaction structure.
• Review sponsor and third-party financial models for consistency, accuracy, and reasonableness, and reconcile model outputs to supporting diligence materials.
• Assist the Product Origination team in evaluating new opportunities and preparing preliminary economic proposals.
• Prepare analytical summaries, model outputs, charts, and supporting materials for Investment Committee presentations, investor materials, and internal discussions.
• Coordinate with internal and external stakeholders, including tax, accounting, and legal, to incorporate diligence findings and updated assumptions into financial analyses.
• Support investor and transaction requests by producing timely analysis, scenario comparisons, and supporting schedules.
• Maintain organized model files, assumptions, source data, and supporting documentation in line with RJREI processes and documentation standards.
• Monitor renewable energy and tax credit market developments, pricing trends, and relevant financial or regulatory considerations affecting underwriting assumptions and valuation.
• Contribute to ad hoc analysis, portfolio planning, forecasting, and other initiatives for the Product Origination team and broader RJREI platform.

Key Requirements

• 3+ years of relevant experience in renewable energy, project finance, investment banking, accounting, valuation, corporate finance, financial analysis, or a comparable analytical role.
• Demonstrated experience developing, reviewing, or overseeing complex financial models, performing valuation and forecasting analyses, and evaluating investment or project economics.
• Advanced Microsoft Excel skills, including experience building and evaluating sophisticated financial models.
• Strong financial modeling and analytical skills, including the ability to build, review, and interpret detailed models.
• Working knowledge of financial, accounting, tax, valuation, and investment concepts (renewable energy or project finance knowledge is preferred).
• Understanding of underwriting, forecasting, valuation, scenario analysis, and sensitivity analysis techniques.
• Ability to analyze financial information, identify value drivers and risks, and translate complex model outputs into clear conclusions.
• Strong written and verbal communication skills to summarize findings for senior team members and transaction stakeholders.
• Strong quantitative problem-solving skills and attention to detail, including identifying inconsistencies in assumptions, calculations, and model outputs.
• Capacity to manage multiple assignments and deadlines while maintaining accuracy, responsiveness, and proper documentation.
• Demonstrated commitment to integrity, accountability, collaboration, intellectual curiosity, and high-quality work product.
• Bachelor’s degree in Finance, Accounting, Economics, Business, Engineering, Mathematics, or a related quantitative discipline.

Preferred

• Experience with renewable energy infrastructure, tax credit investments, partnership structures, transfer transactions, or project finance.

Location and Workstyle

• Location: St. Louis, MO (hybrid)
• Travel: Less than 25%

Benefits

• Medical, dental, and vision
• Life insurance
• Critical illness insurance and accident insurance
• Disability benefits
• Retirement savings
• Paid time off (including vacation, holidays, and sick leave)
• Parental leave

Additional Notes on Fit

• Analytical, detail-oriented, intellectually curious professional with a strong interest in renewable energy, investing, and transaction economics.
• Self-motivated and organized, able to prioritize multiple assignments in a transaction-oriented environment.
• Collaborative team player with strong communication skills, sound judgment, exceptional integrity, and a client-first mentality.