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Employment Type:
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Posted:
9/6/2019
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Renewable Power, Research Associate
BlackRock, Inc. | New York, New York
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Job Description

Description

About this role

PROGRAM OVERVIEW

BlackRock is one of the world's preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional and individual investors around the world. BlackRock offers a range of solutions - from rigorous fundamental & quantitative active management approaches aimed at maximizing returns to highly efficient indexing strategies designed to give broad exposure to global capital markets. At BlackRock, we value diverse perspectives and experiences. As such, teams within our Investments business would like to invite experienced research and investing professionals who are looking to re-launch their careers after an extended absence from the workplace to participate in a paid 14-week pilot returnship.

This program is aimed to help participants renew their:

* Experience through on-the-job learning of investing
* Exposure through networking and mentoring opportunities
* Education through specific skill-based training, modelling, and financial analysis

Candidates should have significant experience conducting research and due diligence, building financial models, and assessing / synthesizing industry and financial data.

Whether this pilot returnship leads to a full-time career, or serves to sharpen the skills necessary to take the next step, it will be a valuable experience for participants to build their career portfolio.

Please note that while we hope to be able to offer the best performers opportunities to stay on full-time at BlackRock, participation in the pilot returnship does not guarantee a permanent position.

This position can be located in either NYC or Seattle.

BUSINESS OVERVIEW:

BlackRock Renewable Power ("BRP") Investment Team is a team within BlackRock Alternative Investors ("BAI"). BRP invests in wind and solar infrastructure assets on a global basis and was formed in 2011 as BlackRock identified the attractiveness of owning real assets and expanded their Alternatives offering through the creation of an infrastructure platform. The team comprises nearly 50 professionals who have significant renewable power/energy expertise. Since 2011, BlackRock's renewable equity franchise has grown into one of the largest dedicated renewable energy investment platforms in the world with ~$5.0Bn of AUM and committed capital and investments in over 250 wind and solar projects, onshore and offshore, with a total generation capacity of over 4.9 GW, located throughout the U.S., Mexico, Japan, Canada, Ireland, France, the U.K., Norway, Sweden, Australia and Taiwan.

In addition to our dedicated renewable energy investing strategy BlackRock's Infrastructure business is now a 150-person business that manages over $20.5Bn of capital across a range of currencies, sector strategies and parts of the capital structure with ~$10Bn of infrastructure debt to invest and teams spread across three continents including key offices in New York, Madrid, Mexico City, London, Dublin, Bogotá, Hong Kong, Houston, Sydney and more. BlackRock Infrastructure can also deploy other pools of opportunistic capital within BAI, which itself currently manages $151Bn.

This is an opportunity to join the BRP investment team as a temporary intern with responsibility for supporting technical due diligence of renewable asset investments and performance optimization of our existing fleet of renewable assets. The position will report to the Director - Americas Technical. They will support the whole Technical Operations department as well as working independently to support the Investment Team and the Financial Operations Team.

RESPONSIBILITIES

* Assist in the technical diligence for the Investment Team to assess and execute renewable project investments.
* Integrate newly acquired assets into the Renewable Power Group (RPG) operational monitoring systems.
* Understand the economic, commercial and reputational drivers of our investments in order to identify risks and opportunities - implementation of solutions to mitigate risk and protect returns.
* Assist in managing and monitoring the key operational / technical assumptions in financial modeling utilized to screen and make investment decisions.
* Assist in the development of budgets for existing projects including the report creation and maintenance.
* Maintain key data from potential and actual investments to enhance future assumptions / budgeting as well as elevate the overall institutional market intelligence.
* Assist in the development of the RPG strategic approach to operations management of assets to maximize project performance.
* Liaise with the Financial Operations team to ensure the proper information is available for effective financial reporting.
* Communicate asset performance effectively to Senior Management, investors and the BRP teams.

QUALIFICATIONS

* VP-equivalent or higher prior to work break; or 7+ years relevant experience
* 2+ year voluntary career break
* Outstanding analytical, communication and organizational skills.
* Experience in wind and/or solar technical due diligence, wind and/or solar resource assessment, and/or wind and/or solar farm operations.
* Strong academic background in Engineering or Science with excellent numerical and analytical skills.
* Ability to synthesize and communicate large amounts of information in succinct manner.
* Excellent oral and written communication skills
* Proficiency in MS Outlook, Word, Excel and PowerPoint essential. Proficiency in data-reduction and data-visualization using Access, Matlab, R, Tableau, or other code would be ideal

About BlackRock

BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of June 30, 2019, the firm managed approximately $6.84 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock.

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.

About BlackRock, Inc.

BlackRock, Inc. (BlackRock) operates as an investment management firm in the United States. As of December 31, 2008, the Company had $1.307 trillion of assets under management (AUM). BlackRock provides diversified investment management services to institutional clients and to individual investors through various investment vehicles. Its investment management services primarily consist of the active management of fixed income, cash management and equity client accounts; the management of a number of open-end and closed-end mutual fund families, and other non-United States equivalent retail products serving the institutional and retail markets, and the management of alternative funds developed to serve various customer needs. In addition, BlackRock provides market risk management, financial markets advisory and enterprise investment system services to a broad base of clients. (Source: 10-K)

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