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Full-Time

Portfolio Analyst

Posted on 6/13/2024

Nexamp

Nexamp

501-1,000 employees

Community solar energy solutions provider

Hardware
Energy
Enterprise Software
Social Impact

Entry

Boston, MA, USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
PowerPoint/Keynote/Slides
Requirements
  • Experience in related fields or relevant coursework
  • Experience working with large datasets, querying databases, and using ERPs such as NetSuite
  • Strong proficiency in MS Office Suite (Word, PowerPoint, Excel)
  • Commitment to Nexamp's mission and have a passion for solving tomorrow's climate crisis today
  • Demonstrated experience in effectively communicating information, ideas, and perspectives with people inside and beyond your organization
  • Experience in showcasing initiative to make improvements to current work, processes, products, and services across the organization
  • Ability to ask appropriate questions, analyze data, identify the root causes of problems, and present creative solutions
  • Expertise in building strong internal and external relationships with customers and stakeholders, instilling trust and loyalty across the industry
  • Eagerness to develop a fundamental understanding of how Nexamp operates and then apply that knowledge effectively to inform business decisions
Responsibilities
  • Build and enhance portfolio-level financial models to inform budgets and reforecasts
  • Consolidate and analyze financial data and present findings to management and investors
  • Assist with corporate and project-level debt and equity financings including cross-team coordination of final due diligence on modeled assumptions and project valuations
  • Produce project level budget to actual variance analysis and communicate findings to operational teams
  • Highlight and investigate underperformance and optimization opportunities of operating assets leading to actionable recommendations that drive improved results
  • Prepare reporting packages and various deliverables to investors and lenders
  • Work with operational teams to ensure delivery of key alerts and protect portfolios from operational risk
  • Build relationships with debt and equity investors that enhance Nexamp’s reputation and drive repeat investments
  • Provide intelligent and professional responses to investor inquiries
  • Build data infrastructure that enables the team to isolate and investigate key performance drivers such as energy rates, energy production, and other metrics

Nexamp specializes in solar energy solutions, focusing on Community Solar projects that allow homeowners and small businesses to benefit from solar energy without needing to install rooftop panels. Customers can save up to 10% on their electricity bills by subscribing to a share of a local solar farm's output. The company operates in the United States, particularly in Massachusetts, Rhode Island, and New York, serving a diverse clientele that includes individual homeowners, small businesses, and property owners. Nexamp manages every aspect of solar projects, from design and construction to ongoing maintenance, and generates revenue by selling subscriptions for Community Solar projects, developing and managing solar sites for property owners, and offering energy storage solutions. This comprehensive approach makes clean energy accessible and affordable while providing financial benefits to customers. Nexamp's goal is to contribute to a more sustainable future through renewable energy.

Company Stage

Series B

Total Funding

$1.7B

Headquarters

Boston, Massachusetts

Founded

2007

Growth & Insights
Headcount

6 month growth

2%

1 year growth

5%

2 year growth

24%
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Simplify's Take

What believers are saying

  • Securing $520 million in funding from prominent investors like Manulife Investment Management and Mitsubishi Corporation positions Nexamp for significant growth and expansion.
  • Nexamp's diverse revenue streams, including subscriptions, project development, and energy storage solutions, provide financial stability and growth opportunities.
  • Partnerships with companies like CAMS for maintenance services ensure high operational efficiency and reliability of their solar projects.

What critics are saying

  • The competitive landscape of the renewable energy sector requires Nexamp to continuously innovate to maintain its market position.
  • Dependence on external funding and investment could pose financial risks if market conditions change or investor interest wanes.

What makes Nexamp unique

  • Nexamp's Community Solar model allows customers to benefit from solar energy without installing rooftop panels, setting it apart from traditional solar providers.
  • The company handles all aspects of solar project development, from design to maintenance, ensuring a seamless experience for property owners and subscribers.
  • Nexamp's innovative use of agrivoltaics, such as integrating sheep grazing for vegetation management, highlights their commitment to sustainable and efficient solar farm operations.
INACTIVE