Manager, Asset Management

Clearway Energy • San Diego, CA

4d • Hybrid

About The Position

Reporting to the Director, Asset Management, the Manager, Asset Management will serve as a member of a team responsible for the commercial management of more than 4,000 MW of utility-scale wind and solar power projects located across 16 states. The Manager will maximize the value of existing assets, play a key role in growth initiatives, and mentor more junior team members. This is a hybrid role located in our San Diego office. If you don’t meet 100% of the qualifications below but see yourself contributing, please submit your resume. What You'll Be Doing P&L Management: Manage the P&L and cash position for all generating assets within the assigned portfolio. Review monthly operational performance and financial variance reports. Investigate and remedy any variances to the budget. Review gross margin performance and work with the energy data analytics group to explain variances driven by market conditions and develop strategies to maximize value. Develop annual project budgets and update monthly accrual and cash forecasts and financial models as needed. Perform financial analyses, project evaluations, and due diligence to make recommendations in support of plant optimization, performance improvement, warranty claims, insurance claims, and revenue recovery. Initiate and/or support major projects, divestitures, capital investments, refinances, and revenue-enhancement proposals. Negotiate and/or amend project company agreements to improve asset performance or mitigate risk. Project Company Administration, 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, permits, and regulatory requirements, reporting, and transactions with regional authorities, banks, governing, and other external parties are successfully managed. Serve as a main point of contact with PUCs, ISOs, city, county, and state authorities and governing boards with respect to assigned assets. Manage monthly lost output and guaranteed energy production status per applicable offtake requirements. Monitor and administer renewable energy credit obligations under various offtake contracts. Prepare reports and presentations for project stakeholders as required. Project Integration: Support the development of information sharing platforms and work management systems, including populating such systems with historical records and archiving of documents. Interface with business development, finance, and construction management teams to ensure smooth transition of projects into commercial operation.

Requirements

• 5+ years of energy industry experience in project development, project administration, business administration, project management, asset management, contract administration, deal execution, project finance, or other commercial roles.
• Bachelor’s degree in Engineering, Finance, Business, Economics, or 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.
• 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.
• Excellent written and verbal communication skills, and the ability to convey complex issues clearly and concisely.
• Self-motivated, highly organized, and detail-oriented.
• Proficiency with Microsoft Office products, including Excel, PowerPoint, and Word.

Nice To Haves

• An MBA is highly desirable.
• Experience working in the renewable energy industry is highly desirable.
• Business analytics skills are highly preferred.

Responsibilities

• Manage the P&L and cash position for all generating assets within the assigned portfolio.
• Review monthly operational performance and financial variance reports.
• Investigate and remedy any variances to the budget.
• Review gross margin performance and work with the energy data analytics group to explain variances driven by market conditions and develop strategies to maximize value.
• Develop annual project budgets and update monthly accrual and cash forecasts and financial models as needed.
• Perform financial analyses, project evaluations, and due diligence to make recommendations in support of plant optimization, performance improvement, warranty claims, insurance claims, and revenue recovery.
• Initiate and/or support major projects, divestitures, capital investments, refinances, and revenue-enhancement proposals.
• Negotiate and/or amend project company agreements to improve asset performance or mitigate risk.
• Ensure all project obligations and interests are successfully administered under project agreements and resolve any contractual issues with counterparties.
• Ensure general business-related licenses, permits, and regulatory requirements, reporting, and transactions with regional authorities, banks, governing, and other external parties are successfully managed.
• Serve as a main point of contact with PUCs, ISOs, city, county, and state authorities and governing boards with respect to assigned assets.
• Manage monthly lost output and guaranteed energy production status per applicable offtake requirements.
• Monitor and administer renewable energy credit obligations under various offtake contracts.
• Prepare reports and presentations for project stakeholders as required.
• Support the development of information sharing platforms and work management systems, including populating such systems with historical records and archiving of documents.
• Interface with business development, finance, and construction management teams to ensure smooth transition of projects into commercial operation.

Benefits

• Clearway offers all eligible employees working 20+ hours per week a comprehensive menu of benefits: 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager