Associate, US Power & Utilities Investment Banking
ASSOCIATE, US POWER & UTILITIES INVESTMENT BANKING
Position Highlights:
Associates in Investment Banking enjoy a dynamic work environment in which they execute a broad range of M&A and financing transactions. A high degree of responsibility is afforded to those demonstrating initiative and strong work ethic.
Scotiabank’s Power & Utilities Investment Banking team is a leading U.S. financial advisor to utility corporates, renewable energy companies, and financial investors. The team is actively involved with a wide array of industry participants and has a successful track record, executing 17 M&A transactions during 2021. Associates have the opportunity to immediately and meaningfully contribute to live transactions including sell-side renewable asset/portfolio sales and capital raises for leading renewable platforms.
At the early stages of their career, Associates focus on client presentations, financial modeling, research and mentoring/supervising Analysts. As the career progresses, Associates take on increased responsibilities on live transactions and participating in business development under the guidance of senior group members. Scotiabank brings new Associates in contact with senior team members and clients at the earliest possible stage, allowing them to gain experience in managing and cultivating relationships.
A significant amount of effort, diligence and initiative is required to properly execute assignments. The complexity of clients’ financial requirements coupled with the intense competitiveness of the investment banking industry necessitates a full commitment to the role. Standards are very high as most work is presented to senior executives at client firms.
With a limited hierarchy of professionals and a small project team approach, Associates have ample opportunity for career growth and development. On any given project, Associates will interact with other departments of the firm such as Corporate Banking, Debt Capital Markets, Equity Capital Markets, and Risk Solutions, gaining knowledge and understanding of both investment banking and capital markets.
New Associates may participate in the Capital Ideas Program, an intensive training program developed by Scotiabank. The program is designed to orient participants to our culture, people, products and services and to provide the soft and technical skills, and contacts critical for success. Team projects, individual study and social activities supplement classroom discussions.
Responsibilities:
- Evaluating and analyzing the financial needs of corporate clients, including the development of financial models;
- Creating marketing materials and presentations;
- Supporting transaction structuring and execution efforts, with increasing levels of responsibility and accountability over time; and
- Identifying and developing business opportunities with clients.
Major Activities Include:
- Perform comprehensive financial statement analysis and create and maintain models;
- Collect, consolidate and interpret company and industry data;
- Financial and written analysis of companies and industries;
- Preparing client presentations, including compiling data and assembling presentation materials;
- Supporting drafting of prospectuses, related documentation and marketing materials for transactions; and
- Applying product and capital markets knowledge to help clients achieve their financial objectives.
Qualifications:
- Prior work experience in Investment Banking preferred but not required; Equity Research, Capital Markets, or corporate finance in an accounting firm also strongly considered;
- Bachelors or Masters Degree in Business, Finance, Math, Engineering, Economics, Science or Technology;
- Proven record of outstanding achievement in work, academic, and extracurricular activities; and
- A clearly defined interest in Investment Banking.
Required Competencies:
- Strong quantitative skills focused on financial analysis, accounting and financial theory;
- Strong written and verbal communication skills;
- A high level of attention to detail;
- The ability to manage multiple projects simultaneously while maintaining a high standard of work;
- The ability to perform under pressure amid demanding deadlines;
- The ability to work effectively in a team environment;
- High professional standards including a strong sense of personal integrity and teamwork;
- Demonstrated ability to quickly adapt to new situations;
- A high level of energy and a keen desire to learn new concepts;
- Independent thinker and proven ability to make decisions.