Manager, Portfolio Management

Brookfield Renewable U.S.•New York, NY

3d•$150,000 - $185,000•Hybrid

About The Position

Modal Power is looking for a Renewable Energy Portfolio Manager who thrives in a fast-paced and performance-driven environment in a role that provides exposure to different facets of the business. Reporting to the SVP of Capital Markets, the Portfolio Manager is responsible for overseeing the financial, commercial, and financing obligations of the company's operating renewable energy portfolio. This role serves as the primary relationship manager for tax equity investors, senior lenders, and other capital providers while ensuring compliance with financing agreements and optimizing portfolio financial performance. The Portfolio Manager will also work with the operating businesses to assess, understand, and mitigate key business risks, and to ensure newly acquired assets are integrated in line with Modal Power's standards. Working closely with Asset Management, Accounting, Treasury, Legal, and Operations teams, the Portfolio Manager will coordinate investor reporting, financial forecasting, covenant compliance, distributions, reserve management, and strategic portfolio initiatives.

Requirements

An undergraduate degree in Finance, Accounting, Economics, Business, Engineering, or related field
5+ years of relevant experience in renewable energy finance, project finance, portfolio management, asset management, infrastructure investing, business advisory, audit, or consulting roles
Experience working with tax equity structures and project finance debt facilities, and a strong understanding of renewable energy financing structures and partnership arrangements
Strong working knowledge of a variety of computer applications including word processing, spreadsheets, and presentation software (MS Word, Excel, PowerPoint)
Strong written and verbal communication skills, with the ability to engage effectively with senior executives, capital partners, and external advisors
Self-motivated, proactive, and able to work effectively in a fast-paced, dynamic environment with limited structure and multiple competing priorities
Strong interpersonal skills and the ability to handle confidential and non-routine information with discretion
Advanced quantitative, analytical, and financial modeling abilities
Strong organizational skills and attention to detail
Experience managing multiple projects and competing requirements
Experience managing external investor and lender relationships

Nice To Haves

Experience with solar and energy storage portfolios, and familiarity with partnership flip structures and renewable energy tax credits, considered an asset
Knowledge of project finance documentation and covenant compliance, and experience supporting M&A, refinancing, or capital markets transactions, considered an asset
A professional designation (CPA/CA, CFA, MBA, or equivalent) a plus

Responsibilities

Serve as the primary relationship manager for tax equity investors, senior lenders and financing parties across the operating portfolio
Coordinate quarterly and annual investor reporting packages
Manage tax equity compliance requirements and reporting obligations
Support investor inquiries; coordinate with internal and external tax advisors on tax and partnership matters
Monitor tax equity yield projections and identify risks or opportunities affecting investor returns
Facilitate investor approvals, consents, and governance requirements
Manage compliance with debt agreements, reserve requirements, and financing covenants, and coordinate lender reporting and information requests
Monitor debt service coverage ratios, cash sweeps, reserve accounts, and distribution tests
Maintain financial models and long-term forecasts in collaboration with Asset Management and Accounting teams
Analyze portfolio cash flows, distributions, and financial performance against business plans, and support portfolio performance reporting
Evaluate opportunities to enhance portfolio value through refinancing or restructuring
Support divestiture activities, including financial due diligence and transaction execution, and assess the financial impacts of operational and commercial decisions across the portfolio
Work with the operating businesses to assess, understand, and mitigate key business risks across the portfolio
Partner with Asset Management, Accounting, Treasury, and Legal on operational, reporting, liquidity, and financing matters
Support executive management reporting and board presentations