Director of Asset Manager

Adapture Renewables•Oakland, CA

12d•Remote

About The Position

Adapture Renewables, Inc. is seeking a Director of Asset Management to lead the Asset Management team within its Asset Performance and Optimization group. The team manages the commercial and financial performance of more than 700 MW of operating utility-scale and distributed generation solar and battery energy storage projects across the United States, supported by a 7 GW development pipeline. The role reports to the VP of Asset Performance and Optimization and is remote, with up to 25% travel to project sites, the Oakland office, and partner meetings. The Director sets strategy and oversees contract compliance, tax equity and investor relations, financial management and reporting, operational performance, regulatory compliance, and the transition of new projects from construction to operations. The role builds and leads a team of Asset Managers, a Regulatory Compliance Manager, and an Asset Integration Manager; works closely with internal Development, M&A, Engineering, Construction, Legal, Finance, Tax, and O&M teams; maintains relationships with offtakers, investors, and lenders; and mentors staff. The Director will also guide portfolio scaling through improved processes, automation, and AI tools.

Requirements

Bachelor’s degree in Engineering, Finance, Business, Economics, or a related field.
10 or more years of energy industry experience, including asset management of utility-scale renewable energy projects.
Direct experience managing tax equity partnerships, including partnership flip structures, investor reporting, cash distributions, and ITC compliance.
Solid working knowledge of project finance documents, offtake agreements including REC delivery, and project financial models.
Strong understanding of solar and BESS operational performance, including availability, degradation, and loss drivers.
Experience with RTO/ISO markets and regulatory compliance, including FERC and NERC.
Five or more years leading and developing high-performing teams, with a track record of improving processes and systems to support portfolio growth.
Track record of designing and implementing automated workflows, data systems, or AI tools that measurably improved a team’s capacity or accuracy.
Comfort working hands-on with data and modern tools such as Excel/Power Query, Power BI, Python, or AI assistants, and curiosity to keep learning new tools.
Clear, confident communication with investors, lenders, and senior leadership.
Self-directed and effective working remotely with a distributed team.

Nice To Haves

Master’s degree.
Experience with power performance analytics platforms; Power Factors is a plus.

Responsibilities

Lead tax equity management, including investor relationships, partnership and operating agreement administration, cash distributions and allocations, investor reporting, and approvals.
Monitor investment tax credit compliance, recapture risk, and flip timing, and support tax equity milestones such as flips and buyouts.
Lead the team serving as the primary contact for offtakers, tax equity investors, lenders, and other financing parties, ensuring inquiries are answered accurately and promptly.
Own project-level operating budgets and lead monthly, quarterly, and annual budget-to-actual reconciliations.
Deliver monthly operating reports and other financial and performance reporting to leadership, owners, and financing parties.
Understand project revenue across energy, capacity, and ancillary markets, including battery storage dispatch and settlement, and work with Power Marketing to protect and grow revenue.
Review and negotiate asset management, O&M, LTSA, and other commercial contracts.
Lead resolution of commercial issues and disputes with counterparties, escalating to Legal when needed.
Lead asset management due diligence for acquisitions and divestitures and provide analysis for refinancing and asset improvement decisions.
Oversee compliance with project agreements, including offtake agreements, interconnection agreements, financing documents, leases, lease payments, and permits; maintain obligation trackers and ensure timely deliverables.
Manage REC and environmental attribute delivery, including project registration in tracking systems, issuance, transfers, and retirements, and reconciliation of REC volumes against generation and contractual obligations.
Direct FERC, RTO/ISO, and NERC CIP Low compliance and lead the team's response to regulatory, policy, or market changes affecting project economics.
Track permit conditions and decommissioning obligations, including related financial assurance, in coordination with Development and Finance.
Monitor project performance against budget and contract expectations, identify drivers of underperformance, and coordinate corrective action with O&M teams.
Track curtailment and pursue compensation where contracts allow.
Enforce O&M agreement and LTSA performance and availability guarantees, including tracking and recovering liquidated damages.
Coordinate warranty claims, insurance claims, and revenue recovery with O&M Services and O&M Performance and Optimization teams, and address performance-affecting OT issues with Technology.
Oversee transitions of new projects from construction to operations, including pre-COD revenue readiness, contract and obligation handoff, and build quality at COD.
Set a vision for scaling Asset Management without increasing headcount at the same pace as the portfolio; identify manual work and lead the design and rollout of automated processes and AI tools.
Support corporate initiatives to strengthen enterprise-wide processes and systems.
Coach and develop staff, provide timely and constructive feedback, and cross-train the team so key knowledge and responsibilities are not held by one person.