Associate - Power, Energy and Infrastructure

Americas

Financial Advisory

Houston

Lazard is one of the world’s leading financial advisory and asset management firms. Our people make the difference. With just over 3,000 employees, our tight-knit community allows for professionals eager to learn and willing to teach to connect and grow together. We believe that diversity, equity, inclusion, and allyship are not just business imperatives — they are central pillars of our employee experience. Our entrepreneurial culture and flat structure allow creative ideas and original concepts to drive our business forward — and for careers to take flight.

Through our financial advisory business, Lazard advises clients around the world on strategic and financial matters including mergers and acquisitions, restructurings, capital structure and capital raising. Our client relationships are built on trust and discretion. As the world’s largest advisory-focused firm, we have exceptional depth of expertise across industry sectors and geographies. We value the rich diversity that comes from blending local perspective with our global network.

Associates play a key leadership role within Lazard’s Power, Energy & Infrastructure (“PEI”) Investment Banking team. Within a group that spans the entire energy and power value chain, with clients ranging from global corporations, financial sponsors, governments and other key stakeholders, this role will largely support advisory and transaction execution for Lazard’s upstream exploration and production clients and is based in Houston, Texas. The successful candidate will ensure the highest standards of quality in analysis and execution of work product on behalf of Lazard’s global client base.

We’ll trust you to:

• Execute on a wide range of client mandates across mergers, acquisitions, divestitures, recapitalizations, restructurings, capital raising and strategic advisory assignments across the PEI universe, with focus allocated to the upstream sector
• Perform due diligence and financial analyses and modeling for valuation analysis (discounted cash flow, net asset value, trading comparables and precedent transactions), weighted average cost of capital analysis, ability to pay analysis, transactions and company operating model forecasts
• Prepare and create client presentations and meeting materials, investment memoranda, client updates and other key transaction documents
• Interact with client senior executives and articulate financial concepts
• Help to manage various facets deal processes through coordination with cross-functional teams (including technical A&D professionals, among others) to ensure seamless transaction execution
• Conduct market and company-specific research using industry-standard tools and data services (e.g., Enverus, Wood Mackenzie, etc.)
• Review work product to ensure accuracy and quality
• Mentor and coach Analyst bankers via constructive feedback
  
  

You’ll need to have:

• At least one year of investment banking experience at the associate level in the Power, Energy & Infrastructure (or related) industry, with meaningful exposure to upstream exploration and production deal flow
• Top academic performance with comfort operating in an environment which values initiative, creativity, maturity, and poise
• Strong quantitative background and analytical skills coupled with meticulous attention to detail and a deep understanding of financial statement analysis, valuation methodologies and upstream exploration and production industry dynamics
• Excellent verbal/written communication skills with ability to multi-task while maintaining the highest standards of quality
• Motivation to work as a team player and contribute to a positive team culture
• Bachelor’s degree required (with preference for Finance, Economics, Engineering or a related field); an MBA, CPA, CFA and/or JD would be an asset
  
  

What we offer:

We strive to enhance the total health and well-being of our employees through comprehensive, competitive benefits. Our goal is to offer a highly individualized employee experience that enables you to balance your commitments to career, family, and community. When you work for Lazard, you are working for an organization that cares about your unique talents and passions, and will continue to invest in the development of your career.

Does this sound like you?

Apply! We’ll get in touch on the next steps.

Inclusion at Lazard

Lazard is an intellectual capital business focused on delivering the best advice and solutions to clients. Achieving these objectives requires us to identify, develop and retain the best talent. A workforce comprised of people with varied backgrounds and experiences creates a rich diversity of thought that empowers us to challenge conventional wisdom, as diverse perspectives lead to better decisions.

Our appreciation of diversity’s strength is ingrained in our multi-cultural heritage. As a global firm that has grown organically from local roots in different countries, we have a deep tradition of respect for individual differences, which has been core to our success for several decades.

The ongoing cultivation of diversity and an inclusive, equitable culture are essential to our continued growth. We are committed to sustaining an environment in which all employees – regardless of socioeconomic status, race, color, nationality, religion, gender, gender expression, sexual orientation, physical abilities, veteran or military status – can maximize their individual potential and our collective success.