Asset Management Director/Manager

NRG Energy, Inc.•Princeton, NJ

69d

About The Position

As an NRG employee, we encourage you to take charge of your career and development journey. We invite you to explore exciting opportunities across our businesses. You'll find that our dynamic work environment provides variety and challenge. Your growth is key to our ongoing success-take the lead in shaping your career development, goals and future! Job Summary: NRG Energy is seeking a Director or Manager of Asset Management to provide professional business services to optimize the financial and operating performance of generation assets primarily within the East Region. This is accomplished by providing strategic recommendations and analysis of power plant operation, commercial opportunities and investment to deliver maximum financial value to the Company.

Requirements

Bachelor's in accounting, engineering, finance, economics or business/science degree, and a minimum of five or more years of experience in the successful commercial management of assets.
Must have extensive experience using PowerPoint for making presentations and using Excel with a focus in economic modeling.
An understanding of regional ISO/RTO energy, capacity and ancillary service markets and hedging.
Knowledge of large-scale conventional power plant design and operation.
Ability to travel occasionally as required throughout the region and to other NRG locations.

Nice To Haves

Power generation/utility experience.
Strong knowledge of wholesale electric markets, preferably in the NY, PJM, and ISO-NE markets.

Responsibilities

Budgeting and P&L performance responsibility for assigned generating assets within the East Region portfolio and other NRG regions as may be assigned.
Partner with, assist and advise, operating company management and commercial team to maximize the economic value of regional facilities and prevent any undue constraints or limitations on the ability of the company to conduct business successfully.
Interface across the organization with all functional groups on issues impacting the P&L of the assets including, plant operations, commercial operations, environmental, risk, finance, accounting, insurance, development, regulatory and government affairs.
Provide oversight and review of plant budgets, forecasting, financial and operational variances, and any asset related optimization or investment decision making activity.
Manage financial analyses, project evaluations, perform due diligence and make recommendations in support of acquisitions, divestitures, recovery plans and other major projects and capital investment and revenue enhancement proposals.
Support valuation analyses, divestiture, acquisition, re-powering and other strategic alternatives to help ensure that the business plan is optimized for maximum sustainable value.
Work closely with operations, treasury, tax, accounting, and commercial operations to determine appropriate modeling assumptions and structuring.
Gather, analyze, prepare, and summarize recommendations for financial plans, acquisition activity, future requirements, operating forecasts, etc.
Assist negotiations with PUCs, ISOs, city, county and state authorities and governing boards.
Work closely with Government and Regulatory affairs to support industry and governmental business relationships/contacts.
Negotiate long-term contracts with partners and customers working with the Power Marketing, Operations and Legal Departments.
Maintain industry knowledge of market drivers, competitive grid, and industry trends.
Interface for regional Business Development and Construction activities as needed.
Other duties as assigned by manager including responsibility for relationship with long-term customers, partners or joint asset owners, transmission providers, etc.