SUMMARY
The Asset Management Analyst is responsible for a wide range of activities aimed at managing and optimizing energy assets and their underlying P&L and supporting the Asset Management team.
ESSENTIAL DUTIES AND RESPONSIBILITIES (Other duties may be assigned as needed)
Finance & Performance Analysis:
- Support development and review of annual budgets for the project portfolios
- Perform monthly variance analyses
- Provide input and review of the pro-forma financial models for generation assets
- Author reports on project performance for investors and lenders
- Assist in cash flow forecasting and management
- Perform financial analyses of offtakes to determine optimization opportunities
- Develop other ad-hoc economic analyses as needed
- Identify and implement opportunities to optimize projects and budgets
- Provide support with partners, as applicable, including commercial, operational, and financial reporting and optimization
- Develop analysis and reporting tools, dashboards, and KPIs using PowerBI or similar tools
Operations:
- Collaborate with the operations engineering team to evaluate and improve operational performance and quantitatively justify economics.
- Coordinate with project O&M staff and vendors for performance optimization
- Participate in daily operation calls on assigned assets
- Support commercial operations including net position management on energy, RECs, and resource adequacy
Regulatory and Compliance:
- Ensure compliance with regulatory requirements and project agreements with high accuracy
- Maintain compliance with obligations for:
• Power Purchase Agreements
• Interconnection Agreements
• Operating Agreements
• Credit Agreements
• Operations and Maintenance Agreements
• Land Agreements
• Warranty Agreements
Risk Management:
- Support internal and external stakeholders and Operations on all insurance claims including site visits and inspections, root cause analysis, and the calculation and negotiation of claim settlements.
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
MINIMUM REQUIREMENTS
- Experience managing contracts and understanding market rules in any of CAISO, NYISO, ERCOT, MISO and PJM.
- Excellent analytical and critical thinking skills with the ability to identify and solve complex problems paired with strong written and verbal communication skills
- Ability to drive collaboration with cross-functional teams
- Experience with renewable energy assets financed through tax equity and debt structures
- Demonstrated proficiency in Microsoft Excel, Word, Teams, PowerBI and PowerPoint
- Experience with standard financial metrics and analyses (NPV, IRR, DCF models)
- Approx. 10% Travel via airline and auto required to project sites and various corporate offices (NYC, San Diego, Reno), various stakeholders including offtakers, CEC, CAISO, ERCOT, major contractors/vendors, etc.
EDUCATION and/or EXPERIENCE, KNOWLEDGE
- Bachelor's degree in Business, Mathematics, Economics, Finance, or Engineering. .
- At least 2 years of work experience in the California, Texas, and/or New York energy sector, preferably managing solar, wind, and/or battery assets
- Experience onboarding of greenfield renewable and/or battery projects in California, Texas, and/or New York
- Experience with various forms of offtakes including unit-contingent power purchase agreements (PPAs), fixed quantity swaps, contracts for differences, BESS tolling, Index Plus, and Virtual PPAs.
PHYSICAL DEMANDS
10% Travel to Project Sites, TG Offices, Stakeholders and Offtakers
WORK ENVIRONMENT
Working hybrid schedule out of Home Office other than Travel Commitment stated above
Terra-Gen is an equal opportunity employer, drug-free workplace, and complies with Americans with Disabilities Act and related laws and regulations as applicable. All applicants are considered for all positions without regard to age, race, religion, color, sex, gender, sexual orientation, pregnancy, national origin, ancestry, physical/mental disability, medical condition, military/veteran status, genetic information, marital status, ethnicity, alienage, or any other protected classification, in accordance with applicable federal, state, and local laws.
All offers of employment are contingent upon successful completion of a pre-employment background check and drug screening. All qualified applicants with arrest or conviction records will be considered for employment in accordance with federal, state or local requirements such as the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act. Employees must be authorized to work in the US and employment is contingent upon presentation of acceptable documents as evidence of identity and employment authorization, as detailed on Form I-9.
Terra-Gen provides a comprehensive benefits package that promotes employee ownership, employee health, performance, and success, which includes medical, dental, vision, short and long-term disability, life insurance, an employee assistance program, paid time off, paid holidays, and 401(k) retirement savings plan with employer match.
The posted compensation is the range that we in good faith anticipate relying on when setting wages for this position. We may ultimately pay more or less than the posted range and this range is only applicable for jobs to be performed in California. This salary range may also be modified in the future, depending upon skills, experience, education, and geographical location.