Financial Modeling & Analysis Associate

Job Description Summary

The Modeling Associate is a member of Raymond James Investment’s ("RJREI") Product Origination team responsible for supporting underwriting, forecasting, valuation, and scenario analysis across and tax credit investment opportunities. The role will develop and maintain financial models, analyze project and transaction economics, evaluate key assumptions and sensitivities, and provide analytical support to the Product Origination, Transaction Team, and investor-facing teams throughout the investment lifecycle.

Job Description

Duties and Responsibilities

• Build, maintain, and analyze financial models for and tax credit investment opportunities, including project economics, cash flows, tax benefits, investment returns, and other key transaction metrics.

• Support underwriting of prospective investments by reviewing project assumptions, revenue structures, operating expenses, capital requirements, financing terms, tax attributes, and other inputs affecting transaction economics.

• Develop and maintain forecasts for project performance, investment returns, tax credit delivery, cash funding requirements, and other financial metrics used in transaction evaluation and planning.

• Perform valuation analyses to assess investment economics, pricing, expected returns, and relative attractiveness of prospective opportunities.

• Conduct scenario analysis and sensitivity testing to evaluate the impact of changes in key assumptions, including project 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.

• Support the Product Origination team in evaluating new opportunities and developing preliminary economic proposals for prospective transactions.

• Prepare clear analytical summaries, model outputs, charts, and supporting materials for Investment Committee presentations, investor materials, and internal transaction discussions.

• Coordinate with Product Origination, Transaction Team, tax, accounting, legal, and other internal and external stakeholders to incorporate diligence findings and updated assumptions into financial analyses.

• Assist with investor and transaction requests by producing timely financial analysis, scenario comparisons, and supporting schedules.

• Maintain organized model files, assumptions, source data, and supporting documentation in accordance with RJREI processes and documentation standards.

• Monitor and tax credit market developments, pricing trends, and relevant financial or regulatory considerations that may affect underwriting assumptions and valuation.

• Support ad hoc analysis, portfolio planning, forecasting, and other initiatives critical to the Product Origination team and broader RJREI platform.

Knowledge & General Skills

• Strong financial modeling and analytical skills, including proficiency in Microsoft Excel and the ability to build, review, and interpret detailed financial models.

• Working knowledge of financial, accounting, tax, valuation, and investment concepts; familiarity with or project finance concepts is preferred.

• Ability to analyze financial information, identify key value drivers and risks, and translate complex model outputs into clear conclusions.

• Understanding of underwriting, forecasting, valuation, scenario analysis, and sensitivity analysis techniques.

• Strong quantitative problem-solving skills and attention to detail, with the ability to identify inconsistencies in assumptions, calculations, and model outputs.

• Strong written and verbal communication skills, including the ability to summarize analytical findings for senior team members and transaction stakeholders.

• Ability to manage multiple assignments and deadlines while maintaining accuracy, responsiveness, and appropriate documentation.

• Demonstrated commitment to integrity, accountability, collaboration, intellectual curiosity, and high-quality work product.

Qualifications / Education

• 3+ years of relevant experience in , project finance, investment banking, accounting, valuation, corporate finance, financial analysis, or a comparable analytical role.  Candidates with more extensive experience are encouraged to apply.

• Demonstrated experience developing, reviewing, or overseeing complex financial models, performing valuation and forecasting analyses, and evaluating investment or project economics.

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

• Bachelor's degree in Finance, Accounting, Economics, Business, Engineering, Mathematics, or a related quantitative discipline.

• Advanced Microsoft Excel skills required, including experience developing and evaluating sophisticated financial models

Personal Qualities

• Analytical and intellectually curious professional with a strong interest in , investing, and transaction economics.
• Detail-oriented and disciplined, with a commitment to producing accurate, well-supported analysis and high-quality work product.
• Self-motivated, organized, and responsive, with the ability to prioritize multiple assignments and learn quickly in a transaction-oriented environment.
• Collaborative team player with strong communication skills, sound judgment, exceptional integrity, and a client-first mentality.

Education

Bachelor’s (Required)

Work Experience

General Experience – 10 to 15 years

Certifications

Travel

Less than 25%

Workstyle

Hybrid

The total compensation for this position includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions. This position is eligible for a benefits package that may include 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); and parental leave.  Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered, visit Myrjbenefits.com.

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view. 

We expect our associates at all levels to:
•  Grow professionally and inspire others to do the same
•  Work with and through others to achieve desired outcomes
•  Make prompt, pragmatic choices and act with the client in mind
•  Take ownership and hold themselves and others accountable for delivering results that matter
•  Contribute to the continuous evolution of the firm

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates.  When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.