DIRECTOR OF ASSET MANAGEMENT

What you will do

Role Overview:

Manages EDPR NA’s projects in the late development and operational phases as the asset owner, providing financial and commercial oversight and ensuring that all commercial, legal, and operational obligations are met. Develops market knowledge in order to enhance asset performance critical to the overall success of the company. Ensures the management framework developed by the asset management team is implemented consistently across the company’s projects. 

Main responsibilities:

-Follow continuous improvement and Lean initiatives across the performance of the fleet by facilitating solutions with input from Engineering, Operations, Performance Analysis, and other internal teams  
-Provide updates to, and seek approval from, the Executive Committee as required based on business activities and special projects
-Ensure that the appropriate asset management processes and tasks are in place in order to improve overall facility performance and limit risk exposure
-Track the construction-to-operations turnover process, ensuring that all obligations are met and that the assets will be able to perform at high levels at COD 
-Ensure a smooth transition from development to operations by aligning teams and resources
-Follow regulatory and compliance requirements of the operational assets
-Financial Oversight

• Ensure plans are in place for all P&L – related activities
• Drive the development of project-level annual budgets and longer-term business plans 
• Identify the drivers of variations between operational performance and the budget 
• Develop strategies and plans to close gaps between actuals and the budget 
• Ensure that annual financial estimates are updated on quarterly basis with in collaboration with Finance 
• Oversee ad hoc analyses of the historical and forward-looking performance of the assets 
• Ensure that reporting obligations to financing entities are met 
• Work with Finance and Accounting personnel to ensure that corporate reporting obligations are met in a timely manner

-Commercial Oversight 

• Oversee commercial activities by giving support to commercial deals including Power Purchase Agreements (PPAs), Renewable Energy Credit (REC) sales, and sales of ancillary services 
• Oversee the resolution of significant agreement issues (i.e., with potential impact greater than $500k) that arise from the operation of the project (e.g., equipment warranties, landowner agreements, PPAs, financing agreements, wind forecasting, tax agreements, interconnection agreements), negotiating when applicable liquidated damages and other settlements clauses 
• Support the development and implementation of financing agreements as needed 
• Interface with equity partners to ensure that issues are being resolved and that the asset is operating as intended 
• Ensure that commercial and governmental obligations are met within the major agreements (e.g., turbine supply, O&M, PPA, tax equity, landowner, and interconnect) 
• Oversee commercial relationships in order to manage high-level issues across the fleet operating projects 
• Perform all of the settlement-related matters of the operating assets, including OEMs, PPAs, and merchant assets 
• Identify and engage relevant staff to resolve issues when milestones are delinquent, or trigger event has occurred 
• Create and develop market knowledge in order to strategically manage commercial relationships 
• Communicate with various market balancing authorities as needed 
• Additional duties as required

Employment type

Work site

What are we looking for

Minimum Requirements:

• Bachelor’s degree in Finance, Engineering, or a related field; MBA strongly preferred 
• 8 – 10+ years of relevant experience  
• Understanding of Microsoft products and/or complementing products preferred 
• Competency in Analytical Problem Solving, Strong Communication, Customer/Partner Relationships, and Technology Expertise preferred 

Travel:

As needed

Behavioral Requirements:

• Strong written and verbal communication along with presentation skills 
• Strong organizational and high attention to detail  
• Strong statistical, quantitative, and analytical skills including use of PC software such as Excel to perform analyses 
• Demonstrate ability to lead cross-functional, multi-departmental teams 
• Self-motivated and able to work effectively with minimal direction in both structured and unstructured work environments 
• Ability to lead, delegate, and set goals and targets 
• Ability to maintain and enhance customer relationships 
• Ability to lead and support complex negotiations 
• Ability to multi-task and prioritize effectively in a fast-paced, dynamic environment 
• Ability to foster and help create a collaborative working environment 
• Proven ability to learn new software programs 
• Strong problem-solving ability 
• Ability to be self-motivated 

Physical demands & working conditions:

• Sitting/Standing/Flexibility: Ability to stand and sit for 8 or more hours when in an office environment 
• Walking: Ability to walk .5 to 2 miles per day, including across unpaved and rough surfaces when on project sites. 
• Speech/Reading: Ability to speak, read, and write English proficiently and deliver a variety of instructions furnished in written verbal, diagram, or scheduled form 
• Lifting: Ability to lift items weighing up to 10 pounds 
• Vision/Hearing: Ability to understand a variety of instructions furnished in written, verbal, diagram, or schedule form