Senior Manager, Asset Management at Clearway Energy

Denver, Colorado, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Renewable Energy, Utilities, Asset ManagementIndustries

Requirements

7+ 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

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 due to market conditions and to 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 investment, 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

Skills

Key technologies and capabilities for this role

P&L ManagementFinancial ModelingBudgetingFinancial AnalysisDue DiligenceContract NegotiationRegulatory ComplianceProject AdministrationEnergy MarketsAsset OptimizationCash Flow ForecastingVariance Analysis

Questions & Answers

Common questions about this position

What experience is required for the Senior Manager, Asset Management role?

Candidates need 7+ years of energy industry experience in areas such as project development, project administration, business administration, project management, asset management, contract administration, deal execution, project finance, or other commercial roles, plus a Bachelor’s degree in Engineering, Finance, Business, Economics, or related field.

What are the main responsibilities in this role?

The role involves P&L management for generating assets, project company administration and compliance, reporting to stakeholders, and supporting project integration with teams like business development and finance.

Is this a remote position or does it require office presence?

This information is not specified in the job description.

What is the compensation or salary for this position?

This information is not specified in the job description.

What should I know about the team and company culture?

The role reports to the Director, Asset Management, and involves working as a member of a team managing over 4,000 MW of wind and solar projects across 16 states, with responsibilities to mentor junior team members.

Clearway Energy

Develops and operates renewable energy projects

About Clearway Energy

Clearway Energy Group focuses on developing and operating renewable energy projects, primarily in the United States. The company has a diverse portfolio of over 350 projects, which includes large-scale solar and wind farms, as well as community solar initiatives. Their products work by generating electricity from renewable sources, which is then sold to utilities and large energy consumers through long-term power purchase agreements (PPAs). This model provides a steady revenue stream while promoting the use of clean energy and reducing carbon emissions. Clearway Energy Group differentiates itself from competitors by its extensive experience in the renewable energy sector and its commitment to high safety and performance standards in project execution. The company's goal is to facilitate the transition to a sustainable energy future by providing reliable and competitive clean energy solutions.

San Francisco, CaliforniaHeadquarters

2018Year Founded

$1,600MTotal Funding

DEBTCompany Stage

EnergyIndustries

501-1,000Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

401(k) Retirement Plan

401(k) Company Match

Life Insurance

Fertility Treatment Support

Adoption Assistance

Parental Leave

Tuition Reimbursement

Risks

Increased competition may impact Clearway's market share and profitability.

Supply chain constraints could delay project timelines and financial projections.

Fluctuating energy prices may affect Clearway's project viability and contracts.

Differentiation

Clearway Energy specializes in utility-scale solar and wind projects across the U.S.

The company secures long-term PPAs, ensuring stable revenue streams.

Clearway Energy integrates solar and storage, enhancing grid reliability and efficiency.

Upsides

Clearway's acquisition of Tuolumne Wind Project adds 137 MW to its portfolio.

The Inflation Reduction Act boosts demand for Clearway's renewable energy PPAs.

Clearway's $665M Texas project advances solar and storage integration.

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