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Career opportunities

Tariff Submission for Puerto Rico Water Utility

Castalia helped the Coco Beach Utility Company (CBUC) prepare a tariff submission after being faced with a 49 percent hike in its wholesale water costs. The Coco Beach Utility Company (CBUC) was paying an unfair tariff for the water it purchased from its wholesale water supplier. Castalia prepared a tariff submission to help CBUC get a fairer tariff.
June 19, 2019/by sophie
Projects

Telstra Duct Access Expert Witness, Australia

Castalia provided expert testimony and helped Australian telecommunication company Telstra to demonstrate that its duct access pricing was fair. Telstra owns Australia’s copper network. A competitor claimed that Telstra was overcharging the ACCC for access to its telecommunications ducts.
June 19, 2019/by sophie
Projects

Telstra Office of the Future Strategy, Australia

We identified emerging trends from advances in ICT, and socio-demographic changes in the workplace. Telstra, the leading telecommunications company in Australia, realized that tremendous changes would come with the ICT revolution, and they wanted to embrace the opportunities and challenges that would result.
June 26, 2019/by rebecca
Projects

TIFIA Portsmouth Bypass PPP Advisory, USA

Castalia assessed the creditworthiness of a highway project to relieve congestion in Ohio, and recommended approving private financing. Due to fiscal, the Ohio Department of Transportation sought private funding help with the Portsmouth Bypass project, requesting a loan of US$230 million from the Transportation Infrastructure Finance and Innovation Act (TIFIA).
October 17, 2019/by Site Admin
Projects

Transmission Access Paper Picked Up by RenewEconomy

Castalia recommends a simpler and more effective approach to transmission pricing and the energy transition in Australia in a report appended to the Origin Energy submission.
October 16, 2019/by Site Admin
News

Ukraine Launches Concession Tenders for Ports of Olvia and Kherson

Ukraine’s Ministry of Infrastructure has launched the tenders for concessions for the port of Olvia and the port of Kherson. These two transactions are intended to pilot high quality public-private partnerships that both attract private investment and protect the interests of the public sector.
September 23, 2019/by Site Admin
News

IFC announces six pilot Public-Private Partnerships following Castalia’s work on mobilizing private finance in Ukraine’s roads sector

Working with IFC and the World Bank, Castalia developed a new business model for Ukraine’s roads sector. We recommended funding and contracting models for PPPs to deliver efficient financing and delivery of needed upgrades and maintenance of Ukraine’s roads.
October 30, 2020/by Site Admin
News

Umbulan Springs Project

Castalia appraised the Umbulan Springs Bulk Water Supply Project and found that it was economically and financially viable with Viability Gap Funding. We recommended that the IIGF provide a guarantee if the Provincial Government implemented our recommendations that would mitigate the residual Project risks that we identified. The Umbulan Springs Bulk Water Supply Project would increase water access for residents of the East Java Province, but it needed payment guarantee to attract a PPP company. The Indonesian Infrastructure Guarantee Fund (IIGF) would only provide a guarantee if it were satisfied the Project risks were well managed.
June 29, 2019/by Site Admin
Projects

USTDA Grant Application for 75MW Solar Project, South Africa

Castalia successfully submitted an application for Pele Green Energy to be awarded a $1.1 million grant from USTDA. Pele Green Energy wants to build a 75MW solar photovoltaic power plant in the Free State, South Africa, to help the national utility, Eskom, which urgently needs to increase the country’s supply of energy.
June 21, 2019/by sophie
Projects

Utility-Scale Solar PV Transaction Advisory, Bermuda

Castalia advised the Government of Bermuda on a transaction for a 6MW solar PV project and helped the project reach financial close. The government had identified a potential site for a large-scale renewable energy project on public land but didn’t have experience designing and running a competitive tender for renewable power.
July 18, 2019/by Site Admin
Projects

The World Bank published the Utility of the Future report following Castalia’s work on the UoF diagnostic tool and methodology.

April 15, 2021/by admin
News

Valuation of Provo Water Company Shares, Turks and Caicos

Castalia valued the shares of the Government of the Turks and Caicos Islands in the Provo Water Company. The Government of the Turks and Caicos needed to determine the fair value of its shares in the Provo Water Company, for the purposes of sale to another, private, shareholder.
June 19, 2019/by sophie
Projects

We look for candidates who are:

competent

Competent

We are experts in finance, economics, law, and policy applied to infrastructure, natural resources and social service provision. You’re a great fit for us if you can demonstrate excellent technical and analytical abilities, and if you’re willing to learn new skills.

creative

Creative

We’re passionate about solving the infrastructure and resource problems of the world in creative and innovative ways. We’re building a team that is insightful, resourceful and visionary. You’re a great fit for us if you’re a creative problem solver.

consistent

Consistent

Castalia is respected for the quality of our work. We’ve achieved this by being reliable, organized and efficient. You’re a great fit for us if you’re conscientious, reliable and keep your promises.

concientious

Conscientious

We’ve nurtured a culture of excellence, but we’re able to maintain it because our team is made up of disciplined self-starters. You’re a great fit for us if your passion and creativity is matched with discipline, commitment and follow-through.

committed

Committed

It takes focus and hard work to be successful. Solving the world’s most difficult problems is never easy! You’re a great fit for us if you want to put achievement of team goals above personal interests, know how to work in a team, and can persevere through set-backs and pain.

collaborative

Collaborative

Consulting demands a lot from the individual and the team. We are looking for team members who are patient, approachable, good-natured and willing to work with others to solve big problems. You’re a great fit for us if you bring empathy, humility and excellent communication skills and would like to help the team achieve our mission.

Collectively, these are known as our ‘6 C’s’ and they encompass the qualities that lead to success at Castalia.

We look for candidates who are:

competent

Competent

We are experts in finance, economics, law, and policy applied to infrastructure, natural resources and social service provision. You’re a great fit for us if you can demonstrate excellent technical and analytical abilities, and if you’re willing to learn new skills.

creative

Creative

We’re passionate about solving the infrastructure and resource problems of the world in creative and innovative ways. We’re building a team that is insightful, resourceful and visionary. You’re a great fit for us if you’re a creative problem solver.

consistent

Consistent

Castalia is respected for the quality of our work. We’ve achieved this by being reliable, organized and efficient. You’re a great fit for us if you’re conscientious, reliable and keep your promises.

concientious

Conscientious

We’ve nurtured a culture of excellence, but we’re able to maintain it because our team is made up of disciplined self-starters. You’re a great fit for us if your passion and creativity is matched with discipline, commitment and follow-through.

committed

Committed

It takes focus and hard work to be successful. Solving the world’s most difficult problems is never easy! You’re a great fit for us if you want to put achievement of team goals above personal interests, know how to work in a team, and can persevere through set-backs and pain.

collaborative

Collaborative

Consulting demands a lot from the individual and the team. We are looking for team members who are patient, approachable, good-natured and willing to work with others to solve big problems. You’re a great fit for us if you bring empathy, humility and excellent communication skills and would like to help the team achieve our mission.

Collectively, these are known as our ‘6 C’s’ and they encompass the qualities that lead to success at Castalia.

Recruitment FAQs

What positions do you recruit for at Castalia?

  • Intern
  • Research Associate
  • Economics and Financial Analyst
  • Senior Analyst
  • Manager
  • Senior Management (Directors, Practice Leaders, CEO/COO/ED)
  • Corporate Services

I want in. What now?

We’re glad you’re interested in working with us. Please click on the job posting above and start your application.

I’ve submitted my application. What now?

How long does the recruitment process take?

Once we have screened for candidates, had the informational interview and we’re ready to start with interviews, we aim to have each candidate’s recruitment process completed in 2 weeks.

What does the interview process entail?

Informational interview:

This is an introductory interview with someone from the team you’re likely to work with. You have an opportunity to ask questions about Castalia, the work environment and the kind of work you can expect to do. You will also be asked general questions about yourself and your professional education and experience. After this you decide if this is the job for you and if you want to go through our formal assessment process. At this point we also give you feedback on whether we think you’d likely be a good fit for the role.

Team interviews:

These interviews are designed to test your knowledge, based on the position you are applying for. Your understanding and application of finance and microeconomics will be tested if you are applying to be part of our team of analysts. All candidates will have an interview to discuss Castalia’s 6Cs, which is a discussion about our values and the types of candidates we’re looking to hire.

Final interview

The final interview will be with a member from our Senior Management. It will cover all elements mentioned above. Managers and above will have an additional interview with the CEO.

How can I prepare for the interviews?

We suggest that you read the following materials in preparation for the interviews. This is what we expect our team to know. If you’re unfamiliar with these concepts and the material, your application is unlikely to be successful.

Interview on microeconomics:

  • Basic Microeconomics, you’d want to brush up by reviewing an introductory microeconomic text book. The interview will typically cover the following areas:
    • Supply and Demand, price formation, market equilibrium
    • Utility maximization, profit maximization, equalization at the margin as a concept
    • Perfect competition model and monopoly models
  • A good Public Finance/Public Economics textbook should cover: these, e.g. Rosen’s textbook:
    • Part 1: Getting Started
      Chapter 1: Introduction
      Chapter 2: Tools of Positive Analysis
      Chapter 3: Tools of Normative Analysis
    • Part 2: Public Expenditure: Public Goods and Externalities
      Chapter 4: Public Goods
      Chapter 5: Externalities
      Chapter 6: Political Economy
      Chapter 7: Education
      Chapter 8: Cost-Benefit Analysis

Interview on finance:

The interview will cover:

  • Financial statement analysis
    • Reading and understanding financial statements (balance sheet, cash flow statements, income statements). You should know the differences, what information can be found on what statement, correct way to record transactions and interpret information from these statements, etc.
    • Calculating and comparing relevant financial ratios
  • Corporate finance – we suggest reviewing:
    • How to value companies including DCFs and calculating present value, WACC and the CAPM model
    • Capital structure and managing risk, financing versus valuation and key differences between debt and equity
  • The Corporate Finance textbook we recommend is written by Myers and Brealey. 

Myers, Brealey. Principles of Corporate Finance (11th Edition). New York: McGraw-Hill, 2014.

  • Part 1: Value
    Chapter 1: Introduction to Corporate Finance
    Chapter 2: How to Calculate Present Values
    Chapter 3: Valuing Bonds
    Chapter 5: Net Present Value and Other Investment Criteria
    Chapter 6: Making Investment Decisions with the Net Present Value Rule
  • Part 2: Risk
    Chapter 7: Introduction to Risk and Return
    Chapter 8: Capital Asset Pricing Model
    Chapter 9: Risk and the Cost of Capital
  • Part 3: Best Practices in Capital Budgeting
    Chapter 10: Project Analysis
  • Part 4: Financing Decisions and Market Efficiency
    Chapter 13: Efficient Markets and Behavioral Finance
  • Part 5: Payout Policy and Capital Structure
    Chapter 17: Does Debt Policy Matter
    Chapter 19: Financing and Valuation

Why choose Castalia?

Castalia journeys

Interested in learning more?

Interested in learning more?

Satellite PPP, Indonesia

Castalia appraised the financial and fiscal risk of Indonesia’s satellite project and advised the Indonesia Infrastructure Guarantee Fund (IIGF) on the best way to structure the guarantee. Indonesia wanted to procure a private sector partner to develop, launch, and manage a satellite to serve demand in the outlying islands. The project needed a guarantee to be bankable.
June 19, 2019/by rebecca
Projects

Energy Investment and Policy Prospectus, Rwanda

Castalia developed an electrification plan for Rwanda that helped the country more than double electricity access in less than 5 years. Rwanda’s electrification rate was one of the lowest in the world—only 6 percent of its citizens had access to electricity in 2009.
June 19, 2019/by sophie
Projects

Analysis of Pharmaceutical Public Plan Policies, New Zealand

Castalia analyzed outcomes under the New Zealand pharmaceutical public funding scheme so that we could advise if the model should be followed by Canada. Canadian national and provincial governments were considering whether to adopt New Zealand’s model for driving down pharmaceutical prices and wanted to know if health outcomes would suffer if they did.
June 19, 2019/by sophie
Projects

Developing a New Business Model for the National Water Commission, Jamaica

Castalia identified and managed varied stakeholder interests to develop a business model that would enable the National Water Commission to reap efficiency gains, generate profits, and finance capital investments. The National Water Commission cannot meet growing demands for service without spending billions in capital expenditure. However, the utility cannot raise the finance needed due to the lack of efficiency and profitability.
June 19, 2019/by rebecca
Projects

Expert Testimony for the Valuation for City Water Services, Tanzania

Castalia provided expert testimony on behalf of the Dar es Salaam Water and Sewerage Authority (DAWASA) in an UNCITRAL arbitration over a claim brought by City Water Services, the private operator of the system. City Water alleged that DAWASA had breached its contract with it, and convened arbitral proceedings.
June 19, 2019/by sophie
Projects

Sustainable Water Augmentation Plan for the City of Cape Town, South Africa

Castalia helped the City of Cape Town develop a strategy that would ensure water supply in the event of another drought, using the framework of robust scenario planning. Cape Town residents were rationed to 50 liters a day when the City nearly ran out of water during a devastating drought. The City needed a long-term strategy.
June 19, 2019/by rebecca
Projects

Dar es Salaam Water Lease Dispute – ICSID, Tanzania

Castalia provided expert evidence and testimony when the United Republic of Tanzania was in arbitration proceedings with Biwater Gauff Ltd. over the expropriation of Dar es Salaam’s water and sewerage services. Biwater Gauff Ltd wanted to be awarded damages for the value of their investment in Tanzania, but the Government reasoned that the private water company had provided poor service and should not be compensated.
June 19, 2019/by sophie
Projects

Corporate Financial Strategy for Indonesia’s State Electricity Company, Indonesia

Castalia developed a sustainable corporate financial plan for PLN, Indonesia’s national power utility, including a new revenue model, and recommended legislative changes. PLN needs to finance a US$180 billion expansion of the electricity system. It relies on subsidy to cover the gap between legislated tariffs and the cost of service. The size of the subsidy that would be required in the future led financial markets to question the fiscal sustainability of the arrangement.
June 19, 2019/by rebecca
Projects

Financial Sustainability Strategy for Open Polytechnic, New Zealand

Castalia carried out a cost review of Open Polytechnic’s loss-making programs to identify eight least-profitable programs. The government-owned tertiary education institution wanted to become financially sustainable
June 19, 2019/by sophie
Projects

Expanding Water Supply in Informal Settlements in Jakarta, Indonesia

Castalia designed an incentive mechanism to enable the concessionaires serving Jakarta to profitably extend piped water service to poor unserved communities. Low-income communities in Jakarta relied on informal, expensive, and poor-quality water supply sources as they were not connected to the piped network.
June 19, 2019/by rebecca
Projects

Guardian Homes, New Zealand

Castalia calculated a rest-home operator’s market share if it purchased its competitor’s business assets. We concluded that its new market share would not be large enough to raise questions about reduced competition. Castalia’s client, a rest-home operator, wanted to purchase a competitor’s facilities and expand its business. The operator needed to know if the Commerce Commission would block the purchase due to concerns about reduced competition.
June 19, 2019/by sophie
Projects

Ophthalmologists’ Price-Fixing Prosecution, New Zealand

Castalia provided expert evidence in a successful case against anti-competitive behavior by ophthalmologists in New Zealand.
June 13, 2019/by Site Admin
Projects

WASHINGTON, DC
+1 (202) 466-6790
1747 Pennsylvania Avenue NW, Suite 1200
United States of America

SYDNEY
+61 (2) 9231 6862
Suite 19.01, Level 19, 227 Elizabeth Street
Australia

AUCKLAND
+64 (4) 913 2800
74D France Street, Newton South
New Zealand

WELLINGTON
+64 (4) 913 2800
Level 2, 88 The Terrace
New Zealand

PARIS
+33 (0)1 84 60 02 00
64-66 Rue des Archives
France

BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-127
Colombia

Thinking for a better world.

Castalia-logo-negative-2col
PROJECTS        NEWS        BLOG        CONTACT
© Copyright 2019 Castalia. All rights reserved.  Terms | Privacy | Credits | Sitemap

WASHINGTON, DC
+1 (202) 466-6790
1747 Pennsylvania Avenue NW, Suite 1200
United States of America

SYDNEY
+61 (2) 9231 6862
Suite 19.01, Level 19, 227 Elizabeth Street
Australia

AUCKLAND
+64 (4) 913 2800
74D France Street, Newton South
New Zealand

WELLINGTON
+64 (4) 913 2800
Level 2, 88 The Terrace
New Zealand

PARIS
+33 (1) 73 44 26 97
6 Rue Duret
France

BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-127
Colombia

Thinking for a better world.

Castalia-logo-negative-2col
PROJECTS        NEWS        BLOG        CONTACT
© Copyright 2019 Castalia. All rights reserved.
Terms | Privacy | Credits | Sitemap