Manager, Asset Management

Clearway Energy, Inc. • San Diego, CA

63d • Hybrid

About The Position

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. If you don't meet 100% of the below qualifications but see yourself contributing, please submit your resume.

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 Haves

• 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.

Responsibilities

• 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. Manage Operations & Maintenance (O&M) providers, ensuring adherence to O&M agreements. 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.

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. For more on Clearway benefits, visit our Benefits Website.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Utilities
• Number of Employees: 501-1,000 employees