Senior Asset Manager, US West

Capital Power•Phoenix, AZ

9d•Hybrid

About The Position

Capital Power is seeking an innovative and results-oriented Senior Asset Manager, US West to join their Commercial Management team. This role reports to the Vice President, Commercial US West and is responsible for identifying commercial risks and opportunities for existing assets, developing and implementing risk management strategies, and optimizing asset value. The Senior Asset Manager will also provide guidance on strategic asset management plans, manage day-to-day relationships with counterparties and joint venture partners, and act as the lead point of contact for asset matters with various internal and external stakeholders. This role involves monitoring market developments, preserving and enhancing asset market value within a broader portfolio view, and contributing to the company's growth and net zero ambitions.

Requirements

Degree in engineering, business, economics, or related field.
8+ years of experience in an operational, commercial, engineering, business development, or financial and analytical roles; preferably in the deregulated electricity industry or other related industry.
5+ years of experience in P&L including variance reporting.
Reasonable understanding of accounting and transaction flows through the financials.
Knowledge/experience with respect to power markets, power generation, power marketing, regulatory, commodities and related agreements, transmission/transport and related agreements and power purchase agreements is preferred.
Deep understanding and experience in power markets, electricity generating plants, plant operations for each region where the asset is situated.
Experience working with complex legal agreements or contracts.
Commercial management or negotiating experience.
Reasonable levels of financial analysis skills, familiarity with financial statements, budgets, forecasting and development of asset earnings profiles.
Proficient in contract review and negotiations.
Project management experience and ability to interface with all levels of the organization.
Ability for travel in the North American market to plant sites and other offices.
Excellent verbal and written communication skills.
Well presented with the ability to represent the company with external parties.
Ability to work with multiple internal and external stakeholders, on multi-disciplinary issues and opportunities.
Takes initiative, ability to deal with ambiguity and conflict and ability to exercise influence.
Attention to detail and accuracy.
Ability to handle dynamic and full workload.
Capable of making sound decisions of an independent nature.
Provide recommendations to Senior Management to resolve issues in a proactive manner that benefits the interests of Capital Power.
Legally eligible to work in the United States.

Nice To Haves

Master’s or working toward master’s.
A professional designation.
Experience with tax-equity partnership structures for renewable projects.

Responsibilities

Proactively identify commercial risks and opportunities for existing assets, both short-term and long-term.
Develop and implement risk management strategies and mitigating plans to preserve, improve, and optimize the value of existing assets.
Deliver value-add targets for commercial management assigned for each asset.
Provide guidance and draft assigned sections of a strategic asset management plan for assigned generation facilities.
Own and handle the day-to-day relationship with applicable counterparties or joint venture partners.
Work independently or in coordination with Operations or Commodity trading on short-term and long-term asset optimization opportunities, issues, or disputes.
Ensure compliance with applicable agreements.
Act as the lead point of contact on applicable asset matters with legal, regulatory, finance, environment, external regulatory agencies, and government entities.
Monitor market developments and their impact on asset value.
Develop and implement strategies to preserve and enhance the market of the assets with a broader portfolio view, in coordination with other internal groups.
Lead and coordinate internal subject matter expert teams for the commercial management and optimization of value for the assigned asset and generation fleet.
Steer interaction with appropriate subject matter experts (operations, legal, credit, regulatory, finance, environmental, external suppliers, off-takers, and regulators) on commercial activities.
Conduct negotiations of commercial contracts with external third parties for supply of key facility inputs and sale of products and services (e.g., PPAs, REC contracts, long-term service agreements).
Independently coordinate and retain relationships with external stakeholders and partners, working in consultation with internal stakeholders.
Identify and analyze a variety of opportunities with respect to the current or future commercial management and operation of the asset(s).
Monitor and assess the external environment for trends, threats, or opportunities, developing action strategies by leading and coordinating activities with internal stakeholders.
Provide commercial support to facility managers on operating and capital investment issues.
Make recommendations and lead efforts to resolve and handle issues or disputes with counterparties and partners.
Lead and/or report on opportunities, challenges, and/or issues at regular stakeholder meetings.
Proactively handle and ensure compliance with all related commercial agreements.
Lead to completion ad-hoc special projects or initiatives for specific assets, or common initiatives across all assets.
Manage commercial reporting and commercial management functions with asset partners.
Participate in the evaluation of new assets/opportunities identified by Business Development for acquisition or greenfield/brownfield development.