Asset Management Lead Job at EDP (Houston)

Job Description

The Asset Management Lead will support the commercial oversight for operating and late development assets in the assigned region (between 800 and 2000 MW) and ensure all commercial and governmental obligations are met. You will plan and track asset budgets, develop market knowledge and oversee performance. You will contribute to the continued evolution of the Asset Management framework and ensure it is implemented consistently across the assigned region. Additional responsibilities will include supporting the management of commercial relationship with equipment OEMs, O&M service providers, and other project stakeholders.

Job Responsibility

Plan and develop profit & loss (P&L) activities, identify gaps and provide recommendations to address
Lead the development of project-level annual budgets and creation of longer-term business plans in collaboration with other EDPR teams
Provide explanations to EDPR management, financing partners, and power off-takers regarding financial and operation performance as compared to budget
Update financial estimates on a quarterly basis in collaboration with the Finance team
Interface with Operations, Performance Management, original equipment manufacturers, and service providers on routine operational issues and on initiatives in an effort to increase operational and financial performance and reduce risk exposure
Perform ad-hoc analyses of the historical and forward-looking performance of the asset
Meet reporting obligations to financing entities by providing necessary commentary and reports as required under the company's financing obligations
Oversee commercial activities by giving support to commercial deals, including Power Purchase Agreements (PPAs), Renewable Energy Credit (REC) sales, and sales of ancillary services
Lead resolution of significant agreement issues (i.e., greater than $500k) that stem from the operation of the project (e.g., equipment warranties, landowner agreements, PPAs, financing agreements, wind forecasting, tax agreements, interconnection agreements)
Support the development and implementation of financing agreements as needed
Interface with Portfolio Management and equity partners to ensure that issues are being resolved and that the asset is operating as intended
Work with Asset Management staff to ensure settlement and routine reporting procedures are in place as projects become operational
Ensure commercial and governmental obligations are met by tracking key milestones within the major agreements (e.g., turbine supply, O&M, PPA, tax equity, landowner, and interconnection)
Act as the single point of contact for compiling and communicating high-level issues across the fleet to assigned turbine supplier, BESS manufacturer, or other key suppliers
Notify relevant staff and help to resolve issues when milestones are delinquent or a trigger event has occurred
Create and develop market knowledge, becoming the resident expert in how the respective projects' electricity markets are structured
Communicate with various market balancing authorities as needed
Drive initiatives across the portfolio in an effort to improve fleet performance by facilitating solutions with input from Engineering, Operations, and Performance Analysis
Provide updates to, and seek approval from, EDPR NA's Executive Committee as needed based on business activities and special projects
Collaborate with other staff to ensure that proper asset management processes and tasks are in place in order to improve overall facility performance and limit risk exposure
Contribute to and lead initiatives to improve and standardize asset management processes, and work to adapt processes to new technology types as necessary
Participate in Development and Construction meetings to ensure that operational and asset management requirements, and major contract and financing requirements, are met
Additional duties as required

Requirements

Bachelor's degree in Finance, Engineering, or a related field
MBA strongly preferred
7+ years of relevant experience
Proficient knowledge of Microsoft Office software and database development and management
Strong written and verbal communication along with presentation skills
Strong organizational and high attention to detail
Demonstrated ability to lead cross-functional, multi-departmental teams
Self-motivated and able to work effectively with minimal direction in both structured and unstructured work environments
Ability to maintain and enhance customer relationships
Ability to lead and support complex negotiations
Ability to multi-task and prioritize effectively in a fast-paced, dynamic environment
Ability to foster and help create a collaborative working environment
Understanding of Microsoft products and/or complementing products preferred
Competency in Analytical Problem Solving, Strong Communication, Customer/Partner Relationships, and technology Expertise preferred
Ability and willingness to travel as needed
Ability to stand and sit for 8 or more hours when in an office environment
Ability to walk .5 to 2 miles per day, including across unpaved and rough surfaces when on project sites
Ability to speak, read, and write English proficiently
Ability to lift items weighing up to 10 pounds
Ability to understand a variety of instructions furnished in written, verbal, diagram, or scheduled form

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Asset Management Lead

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