Company Overview
Kairos Power is a new nuclear energy technology and engineering company whose mission is to enable the world’s transition to clean energy, with the ultimate goal to dramatically improve people’s quality of life while protecting the environment. This goal will be accomplished through the commercialization of the fluoride-salt-cooled, high-temperature reactor (FHR) that can be deployed with robust safety, affordable costs, and flexible operation to accommodate the expansion of variable renewables.
Job Summary
Kairos Power is seeking a Structured Finance & Development Intern to support financial and other initiatives enabling the management of commercial and partnership opportunities from concept to realized business impacts. The role will report to the Commercial Development Manager (responsible for project finance), working closely with the Strategy and Technology teams, to help with the execution of financial activities, business-critical partnerships, and commercial initiatives.
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The 2024 summer intern for the Business Development and Finance team will be required to structure ambiguous problems and suggest actions. The successful candidate will do this by (i) working with diverse teams at Kairos Power to establish trust-based relationships and (ii) by synthesizing clear takeaways from complex information and recommendations. Four categories will encompass this work with an expected emphasis on the first category, Commercial Development:
Responsibilities
Commercial and Financial Development
- Development, refinement, and/or review of comprehensive project finance models
- Support the commercial and financial structuring of power project transactions including participating in brainstorming and helping develop, communicate, and analyze options, plans, and proposals
- Support development of financial plans for key business initiatives
Customer/Partner Intelligence
- Research on potential customers including finances, energy purchases, business plans, etc.
- Support the benchmarking of nuclear deal developments and customer commitments
- Support the preparation and presentation of industry updates to the wider business team on a regular basis
Relationship Management
- Support Kairos Power’s various partnerships, existing and expected, through meeting and events management, setting objectives and outcomes, and knowledge capture
General Business Development
- Develop and maintain commercial related collateral in coordination with Kairos Power’s Communications team
- Support Request For Information (RFI) and Request For Proposal (RFP) responses
Qualifications
- Must currently be pursuing MBA
- 2+ years of full-time relevant experience with finance
- Must have relevant financial experience; ideally, in limited-recourse financing of power projects. Otherwise, other project finance experience or similar structured finance may be sufficient (for example, complex commercial real estate financing).
- Strong preference for exposure to the power sector or demonstrated ability to learn the power sector quickly through research/readings.
- Microsoft Office skills including Outlook and PowerPoint
- Excellent verbal and written communication skills
- Attentive to detail with a demonstrated commitment to delivering high quality work products
- Versatility, flexibility, and willingness to adapt job responsibilities as required to meet the demands and opportunities of a rapidly growing company
- Strong candidates will have experience in the following areas:
- Structuring cash equity, tax equity, and limited-recourse project debt and analyzing the impact of such instruments on the economics of energy projects
- Financial analysis and structuring of power project agreements such as PPAs, construction agreements, O&M agreements, etc.
- Understanding of how the power business works including power markets and power purchasing
- Development, refinement, and review of comprehensive project finance models
- Ability to work with highly collaborative team
- Ability to solve problems quickly and efficiently
- Ability to proactively collect, manage and transfer knowledge
- Ability to seek different and novel ways to create efficiencies when working on problems, challenges and issues
Physical Conditions
- Remaining in a stationary position, often standing, or sitting for prolonged periods
- Moving about to accomplish tasks or moving from one worksite to another
- Adjusting, moving, transporting, installing, positioning, or removing objects up to 50 pounds in all directions
- Communicating with others to exchange information
Environmental Conditions
- General office environment
- Small and/or enclosed spaces
- High-concentration, demanding and fast-paced
Safety and PPE
- Reading and interpreting hazardous warning signs
- Wearing proper PPE, to include face mask, face shields, gloves, safety shoe
Travel
- Limited travel may be required (up to 10%)
The hourly range for this position is $45-50 employees working onsite at our Alameda, CA headquarters or $40-45 for remote employees working in California. The range provided in this job posting represents the typical range or starting rate of candidates hired in California. Factors that may be used to determine your actual salary may include your education, experience, knowledge, skills, abilities, the market data for your work location, and a comparison to other employees already in the role.
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About our Benefits
We know that we have some of the most talented and dedicated employees, and we believe in rewarding them accordingly. If you work here, full-time employees (excludes interns) expect to have access to the benefits below:
- Competitive compensation packages
- Medical, dental and vision benefits for employees and their dependents
- Paid Vacation
- 401(k) and pre-tax health insurance, dependent care, and commuter benefits (FSA)
Kairos Power is committed to building a diverse workforce that reflects the communities where we do business. Kairos Power is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. We actively welcome people of different experiences, abilities, and perspectives.
Kairos Power participates in E-Verify.
Candidates only, no recruiters or agencies please.
Note: You are applying for a position that is located in a facility that handles information that is subject to export control restrictions by the Department of Energy under 10 CFR Part 810. To work in this facility, you need to be authorized by the Department of Energy to access Part 810-controlled information. Foreign nationals who are citizens of countries that are not on the Department of Energy’s general authorization list (link below) are not permitted to work in our facility unless the Department of Energy issues an export control license to the company to permit that individual to have access to Part 810-controlled information. The following questions are intended to determine the licensing requirements that may apply. https://www.law.cornell.edu/cfr/text/10/appendix-A_to_part_810