Clearway Energy Manager, Asset Management in Houston, Texas
What The Role Is
Reporting to the Director of Asset Management, the Manager will be responsible for financial and commercial management of distributed and community solar projects located across the United States. Asset Management serves as the owner’s representative ensuring that budget control, value optimization, and risk mitigation are performed during the entire operational lifecycle of a project. The Manager of Asset Management will work to maximize the value of assets and manage compliance with project agreements and incentive programs. The Manager will work closely with internal Clearway teams, build trusted relationships with financial partners, and provide coaching and mentoring to staff members
What You'll Be Doing
Manage the P&L and cash position for all generating assets within an assigned portfolio.
Review monthly operational performance and financial variance reports. Investigate and remedy any variances to budget.
Review gross margin performance and work with internal teams to explain variances and develop strategies to maximize value.
Develop annual project budgets and update monthly accrual and cash forecasts and financial models as needed.
Collaborate with internal teams and manage plant optimization, warranty claims, insurance claims, and revenue optimization and recovery efforts.
Initiate and/or support major projects, divestitures, capital investment, refinance, and revenue enhancement proposals.
Commercial Management, Compliance, & Reporting:
Ensure all project obligations and interests are successfully administered under project agreements and resolve any contractual issues with counterparties.
Ensure general business-related licenses, permit and regulatory requirements, reporting, and transactions with regional authorities, banks, governing, and other external parties are successfully managed.
Establish trusted relationships with customers, partners, or joint asset owners, ISOs, and regulatory agencies.
Manage commercial issues and associated strategies to propose a resolution with counterparties, including mediation or litigation.
Negotiate or amend contracts to improve asset performance and mitigate risk.
Manage monthly lost output and guaranteed energy production status per applicable offtake requirements
Prepare reports and presentations for project stakeholders as required
Manage third-party Operations & Maintenance (O&M) providers, ensuring adherence to O&M agreements
Lead root cause analysis efforts for underperforming assets, collaborate with technical teams to address the issues
Identify and optimize spare parts strategy for major components
Conduct remote monitoring of solar projects via online data acquisition systems (Locus, Powertrack)
What You'll Bring
5+ years of energy industry experience in an asset management, O&M management, project administration, business administration, project management, contract administration, project finance or other commercial role
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
A strong grasp of technical solar project details; ability to effectively collaborate with operational and technical teams
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
Ability to meet and communicate effectively with various Customers, Offtakers and Investors
Excellent written and verbal communication skills and an ability to communicate complex issues in a clear, concise manner
Understanding of renewable financial models and the full capital stack (tax equity, debt, and cash equity)
Proficiency with Microsoft Office products including Excel, PowerPoint and Word
If you don’t meet 100% of the above qualifications but see yourself contributing, please submit your resume
What Would Be Nice
Experience managing Community and Distributed solar projects
Experience managing O&M providers
MBA is highly desirable
If you don’t meet 100% of the above qualifications but see yourself contributing, please submit your resume.
Clearway will not sponsor nonimmigrant visas for this position (H-1B, TN, E-3, etc.).
The pay rate for the successful candidate will depend on geographic location, skills, relevant and demonstrated experience, education, training and certifications, and other factors permitted by law. This role is eligible to earn an annual cash bonus, subject to personal and company performance goals.
Salary Range Across all U.S. Locations
Clearway Energy Group is leading the transition to a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., we own and manage more than 9.6 gigawatts of renewable and conventional energy assets across the country. As we develop a nationwide pipeline of new renewable energy projects for the future, Clearway’s 7 gigawatts of operating wind, solar, and energy storage assets offset the equivalent of more than 9 million metric tons of carbon emissions for our customers today. Clearway Energy Group is headquartered in San Francisco with offices in Carlsbad, Calif.; Scottsdale, Ariz.; Houston; and Princeton, N.J. For more information, visit clearwayenergygroup.com.
Our Commitment to Diversity, Equity, & Inclusion
At Clearway, we create a community that isn’t about being the same – it’s about building a team of unique individuals, with different backgrounds & skill sets, coming together to build something big & make a difference in the world. Clearway’s team is dedicated to a clean energy future across a wide spectrum of roles & responsibilities. Embodying our company values and operating principles, unique individuals come together over a common mission. We embrace opportunities to do challenging work that can change the world. We aspire to bring out the best in everyone. We share setbacks, celebrate successes, & act with integrity & accountability to get the job done.
Working at Clearway, Hybrid Together
Here at Clearway, we’re committed to balancing flexibility while fostering strong relationships with our teammates. We do this by prioritizing new hires based near one of our offices in San Francisco, Carlsbad, Scottsdale, Houston, & Princeton. Our office-based employees typically work together from fabulous spaces on Tuesdays & Thursdays to collaborate & learn, build community, get to know one another, & enjoy company-provided meals & events.
Clearway Energy is an equal opportunity employer that values a broad diversity of talent, knowledge, experience & expertise. We intentionally foster a culture of inclusion that empowers our employees to deliver superior performance to the communities we serve. We encourage minorities, women, individuals with disabilities & protected veterans to join the team. Clearway is a proud promoter of employment opportunities to our Military & Veterans.
What We Provide
Clearway offers all eligible employees working 20+ hours per week a comprehensive menu of benefits: generous PTO, medical, dental & vision care, HSAs with company contributions, health FSAs, dependent daycare FSAs, commuter benefits, relocation, & a 401(k) plan with employer match, a variety of life & accident insurances, fertility programs, adoption assistance, generous parental leave, tuition reimbursement, & benefits for employees in same-sex marriages, civil unions & domestic partnerships. For more on Clearway benefits, visit our Benefits Website (https://benefitsatclearway.com/) .