Manager, Asset Management

Clearway Energy • Denver, CO

1d • Hybrid

About The Position

Reporting to the Senior Manager, 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 Senior 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 or Denver office locations. If you don’t meet 100% of the qualifications below but see yourself contributing, please submit your resume.

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 an ability to communicate complex issues in a clear and concise manner.
• Self-motivated, highly organized, and detail-oriented.
• Proficiency with Microsoft Office products, including Excel, PowerPoint, and Word.

Nice To Haves

• 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: Mid Level
• Number of Employees: 501-1,000 employees