Remote Senior Director, Asset Management

Summary

Join us at SB Energy, a leading company backed by SoftBank and Ares, in accelerating the energy transition to cleaner, more sustainable sources of power! As Senior Director, Asset Management, you will monitor under development and operating utility scale solar projects across the United States to ensure optimal financial performance. You will lead the Asset Management team, assess and understand energy markets, develop and manage project annual budgets, and own and drive internal AM KPIs.

Requirements

• Bachelor’s degree in business, engineering, finance, economics, or related field
• Advanced degree or additional certifications such as PMP, MBA is preferred
• 15 + years of experience in the energy industry
• Knowledge of the energy and renewable energy market, and the ability to stay current with changing technologies, regulations, and trends influencing the continued adoption of renewable energy
• Commercial mindset, strong prioritization, communication, and organizational skills
• Understanding of integrated plant operations and prior operational experience a plus
• Experience with ISO market scheduling, forecasting and settlements as well as hedge arrangements
• Strong understanding of project finance, legal contracts, accounting, and contract/warranty negotiations
• Experience with Asset Management software tools
• Experience with standard financial metrics and analyses (IRR, ROI, NPV, and DCF models)
• Experience creating and performing financial modelling
• Strong learning skills with aptitude to independently research, understand, and implement knowledge in new areas
• Proficiency with Microsoft suite; Word, Excel, Project, Outlook, and PowerPoint

Responsibilities

• Lead the Asset Management (AM) team
• Responsible for project P&L and ensuring portfolio is performing at or above Annual Operating Plan
• Leader of team to manage and develop the AOP Plan
• Assess and understand energy markets and impact to the portfolio
• Develop & manage project annual budgets, and monthly actual to budget reports
• Own and drive internal AM KPIs
• Coordinate with accounting to ensure timely payments, accuracy of billing and revenue and expense allocations
• Ensure project companies and affiliates are operating per equity and debt financing documents
• Review and approve cash distributions to financing parties
• Review and sign off investor reports and resolve any issues or questions
• Review financial (quarterly and annual) statements and review Annual Tax Returns prepared by accounting team
• Review performance reports, investigate issues and create initiatives to improve financial and operational performance of the projects
• Manage all project contracts to ensure compliance and assist in setting up systems and processes to standardize contract management and reporting including implementation of contract obligations into Asset Management software
• Coordinate with legal and contracts team on contract amendments as needed
• Develop and manage smooth handover process from development, finance, and construction teams to Asset Management
• Collaborate with internal teams and external partners to identify revenue increasing and risk mitigation opportunities
• Manage relationships with project stakeholders including offtakers, landowners, ISOs, regulatory entities, and financing parties
• Manage and resolve contractual, regulatory, and commercial issues as they arise
• Review settlements statements and create revenue invoices. Coordinate with relevant counterparties on disputes, as necessary
• Be part of team that reviews vendor relationships including the O&M provider
• Assist in acquisition due diligence including identifying operational risks, costs, and opportunities for improvements

Benefits

• Comprehensive Medical, Dental, and Vision insurance: 100% premium covered by the company, for employees and dependents​
• Long-Term Disability (LTD), Life Insurance, and AD&D Plans
• Competitive Retirement Benefits with 401(k) company match
• Generous Paid Time Off and 11 Paid Company Holidays
• Flexible working arrangements
• 12 weeks fully paid Parental Leave
• Flexible Spending Account (FSA) –​ Medical & Dependent FSA; Transit & Parking FSA with employer contributions
• Mental, Physical, Social Health Wellness Offerings with employer contributions
• Voluntary Legal ​Insurance Plan & Pet Insurance
• Monthly reimbursement for Phone/Internet/Data
• Phone Equipment Purchase Benefits
• Thoughtful Hybrid Workplace Set-up Benefits