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The Manager, Asset Management will be responsible for the financial and commercial management of Utility Scale and Distributed renewable energy projects located across the United States. Asset Management serves as the owner’s representative ensuring that budget control, value optimization, and risk mitigation are performed during the entire operational lifecycle of a project. The Manager of Asset Management will work to maximize the value of assets and manage compliance with project agreements and incentive programs. The Manager will work closely with internal Clearway teams, build trusted relationships with financial partners, and provide coaching and mentoring to staff members.
Job Responsibility:
Due Diligence on New Project Investments: Support project evaluations, project agreements, contract reviews, and due diligence to help make recommendations in support of acquisitions, divestitures, and/or investments in company-developed projects
P&L Management: Provide P&L analysis and economic performance for generating assets within the assigned portfolio
Perform financial analyses, project evaluations, and due diligence to help make recommendations in support of plant optimization, recovery plans, revenue enhancement, and other major capital investments
Analyze, track, and update budgets, forecasts, and financial models
Monitor monthly performance and variance reports
investigate and address observed deviations
Investigate any major plant outages and influence resolution or minimization of outages
Review gross margin performance and work with the energy management group to explain variances due to market conditions
Extract generation data from external & internal sources as needed to support various reporting needs
Ensure asset financial models are updated, as needed
Commercial Management, Compliance, & Reporting: Ensure all project obligations and interests are successfully administered under project agreements and resolve any contractual issues with counterparties
Ensure general business-related licenses, permit and regulatory requirements, reporting, and transactions with regional authorities, banks, governing and other external parties are successfully managed
Establish trusted relationships with customers, partners, or joint asset owners, ISOs, and regulatory agencies
Manage commercial issues and associated strategies for resolution with counterparties, including mediation or litigation
Lead root cause analysis efforts for underperforming assets, collaborate with technical teams to address the issues
Negotiate or amend contracts to improve asset performance and mitigate risk
Manage monthly lost output and guaranteed energy production status per applicable offtake requirements
Prepare reports and presentations for project stakeholders as required
Conduct remote monitoring of solar and wind projects via online data acquisition systems
Project Integration: Interface with business development, finance, and construction management teams to ensure smooth transition of projects into commercial operation
Support the development of information, sharing platforms, and work management systems, including populating such systems with historical records and archiving of documents
Support improvements to asset management and project handover processes
Community & Project Stakeholder Engagement: Form positive relationships with external stakeholders including customers, partners, landowners, etc.
Identify project-related opportunities for charitable giving to foster community goodwill
Requirements:
5+ years of energy industry experience in asset management, project administration, business administration, project management, contract administration, project finance, or other commercial role
Bachelor’s degree in Engineering, Finance, Business, Economics, or a related field
Strong business and financial savvy with the ability to support a high-performance organization that will deliver operational excellence and meet or exceed financial targets
A strong grasp of technical Wind and Solar project details
ability to effectively collaborate with operational and technical teams
Ability to perform well under pressure on teams in a demanding environment and occasionally work extended hours to meet project deadlines
Ability to think creatively, manage competing priorities, work independently, and pay attention to detail
Ability to meet and communicate effectively with various Customers, off-takers, and Investors
Excellent written and verbal communication skills and an ability to communicate complex issues in a clear, concise manner
Understanding of renewable financial models and the full capital stack (tax equity, debt, and cash equity)
Proficiency with Microsoft Office products including Excel, PowerPoint, and Word
Experience manipulating and managing large amounts of structured and unstructured data. Prior experience with the use of formulas in Excel (i.e., vlookup, sumproduct, sumif, index/match, etc.) and creating reports from scratch
Nice to have:
Demonstrated familiarity with energy markets, and major energy industry players and regulatory bodies
Efficient communication and interpersonal skills
Continuous Improvement & learning mindset
Advanced expertise with Microsoft Office, especially Excel, Word, and PowerPoint
What we offer:
generous PTO
medical, dental & vision care
HSAs with company contributions
health FSAs
dependent daycare FSAs
commuter benefits
relocation
a 401(k) plan with employer match
a variety of life & accident insurances
fertility programs
adoption assistance
generous parental leave
tuition reimbursement
benefits for employees in same-sex marriages, civil unions & domestic partnerships
annual cash bonus, subject to personal and company performance goals
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