Capital Markets Associate / Senior Associate

The Role

• This is a quantitative capital markets role. You will develop and own Gridmatic's corporate model, the analysis behind how we deploy capital, and the collateral and credit requirements that support our trading operations.
• Power markets are volatile, our capital is committed against live positions, and margin and liquidity constraints are binding. Understanding how those pieces interact quantitatively is the core of this job.
• Scope grows with the company. As we raise debt and equity, you will take a more central role in those processes, from building the transaction model to running diligence and helping structure the facilities.
• We are hiring at either the Associate or Senior Associate level. Scope, title, and compensation are calibrated to experience.

What You'll Do

• Corporate Model & Quantitative Analysis
• ● Develop and own the integrated corporate model across P&L, balance sheet, and cash flow, built from first principles, with assumptions you can defend line by line.
• ● Translate trading performance, asset economics, and market data into forward financial projections that leadership and the board rely on.
• ● Build the scenario and sensitivity analysis that stress-tests the business against power price volatility, asset performance, and changes in market structure.
• ● Present analysis and recommendations to management in memos and decks that support decisions.

• Collateral, Credit & Liquidity
• ● Own the company's collateral posting requirements across market operators and counterparties, including ISOs, utilities, and banks.
• ● Quantify and monitor credit exposure and margin requirements, and ensure liquidity is sufficient for our positions and efficiently deployed.
• ● Model collateral needs forward under stressed market conditions so that a volatile week does not become a liquidity surprise.

• Capital Allocation & Return Analysis
• ● Analyze how we deploy capital across trading strategies, energy assets, market expansion, and technology investment.
• ● Evaluate risk-adjusted returns on competing uses of capital and present the tradeoffs clearly.
• ● Develop the frameworks that govern allocation over time: hurdle rates, concentration limits, and liquidity constraints.

• Investors & Capital Raising (Growing Scope)
• ● Prepare investor materials, including quarterly updates, board packages, and the financial narrative behind the business.
• ● Serve as a day-to-day point of contact for existing investors and respond to diligence with precision.
• ● Support upcoming debt and equity raises: build the transaction model, manage the data room, and coordinate diligence, taking on more of the process over time.

• Strategic Outlook
• ● Partner with leadership on the company's long-range financial outlook as power markets change.
• ● Evaluate strategic opportunities such as new markets, partnerships, and asset acquisitions.
• ● Turn complex analysis into recommendations that hold up with a technical, quantitatively fluent leadership team.

• What We're Looking For
• ● 3–6 years in investment banking, private equity, infrastructure or project finance, capital markets, or a comparable quantitative finance seat.
• ● Modeling ability at a deal standard. You build integrated models from scratch and know which assumptions drive the answer.
• ● Quantitative depth. You are comfortable with volatility, distributions, and risk-adjusted return math, and you test your own output before you present it.
• ● Interest in credit and collateral mechanics, including margin structures, secured facilities, and how liquidity behaves under stress. Direct experience is a plus.
• ● Strong commercial judgment. You can form a view on a capital allocation question, not just produce the output.
• ● Precise written communication. Memos and decks that go to investors or the board without a second pass.
• ● High ownership in an unstructured environment. There is no analyst bench below you and no process manager above you. You set the structure.

• Nice to Have
• ●Coverage, investing, or structuring experience in power, energy, utilities, renewables, or commodities.
• ● Python or SQL for working with market and trading data. Not required, but useful here.
• ● Exposure to debt or equity raises from either side of the table.
• ● Familiarity with electricity market structure: ISO/RTO markets, nodal pricing, capacity, or ancillary services.
• ● Curiosity about how a quantitative trading business makes money.

Taking care of you today:

- Continuing Education Opportunities

- Flexible PTO

- Medical, Dental and Vision plans with competitive employer contributions

- Pre-Tax commuter benefits

- $1500/year non profit donation matching program through Millie

- Home Office Stipend

Protecting your future for you and your family:

- 401K contribution match up to 4%

- Company-paid parental leave

- Company Paid Life Insurance

- Stock Option Loan Program

Pay range

$140,000 — $202,000 USD