Asset Manager

Description

The Asset Manager is responsible for a wide range of activities directed at managing and optimizing energy assets and their underlying P&L.

Finance:

• Develop annual budgets for the projects and perform monthly variance analyses
• Provide input and review of the pro-forma financial models for generation assets
• Author reports on project performance for investors and lenders and maintain such relationships
• Assist in cash flow forecasting and management
• Perform financial analyses of offtakes to determine opportunities.
• Develop other ad-hoc economic analyses as needed.
• Identify and implement opportunities to optimize projects and budgets
• Lead coordination with partners, as applicable, including commercial, operational, and financial reporting and optimization

Operations:

• Collaborate with the operations engineering team to evaluate and improve operational performance and quantitatively justify economics.
• Coordinate with project O&M staff on other operational items, including major component repair and replacement
• Participate in contract development with outside vendors including contract negotiation
• Support commercial operations including net position management on energy, RECs, and resource adequacy

Regulatory and compliance:

• Ensure compliance with regulatory requirements and project agreements
• Power Purchase and Interconnection Agreements
• Operating Agreements
• Credit Agreements
• Operations and Maintenance Agreements
• Land Agreements
• Warranty Agreements

Risk Management:

• Coordinate with internal and external stakeholders and Operations on all insurance claims including site visits and inspections, root cause analysis, and the calculation and negotiation of claim settlements.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Experience negotiating and managing contracts
• Excellent analytical and critical thinking skills with the ability to identify and solve complex problems paired with strong written and verbal communication skills
• Ability to drive collaboration with cross-functional teams
• Experience managing renewable energy assets financed through tax equity and debt structures
• Demonstrated proficiency in Microsoft Excel, Word, Teams, and Power Point
• Experience with standard financial metrics and analyses (NPV, IRR, DCF models)
• Approx. 25% Travel via airline and auto required to project sites and various corporate offices (NYC, San Diego, Reno), various stakeholders including offtakers, CEC, CAISO, ERCOT, major contractors/vendors, etc.

• Bachelor's degree in Business, Mathematics, Economics, Finance, or Engineering. MBA preferred.
• At least 8 years of work experience in the California, Texas, and/or New York energy/utilities sector, preferably managing solar, wind, and/or battery assets
• Experience onboarding all commercial aspects of greenfield renewable and/or battery projects in California, Texas, and/or New York
• Experience with various forms of offtakes including unit-contingent power purchase agreements (PPAs), fixed quantity swaps, contracts for differences, BESS tolling, Index Plus, and Virtual PPAs.

• 25% Travel to Project Sites, TG Offices, Stakeholders and Offtakers

• Working out of Home Office other than Travel Commitment stated above

Terra-Gen is an equal opportunity employer, drug-free workplace, and complies with Americans with Disabilities Act and related laws and regulations as applicable. All applicants are considered for all positions without regard to age, race, religion, color, sex, gender, sexual orientation, pregnancy, national origin, ancestry, physical/mental disability, medical condition, military/veteran status, genetic information, marital status, ethnicity, alienage, or any other protected classification, in accordance with applicable…