Manager, Portfolio Finance
Aypa Power, a Blackstone portfolio company, is a leading developer, owner, and operator of utility-scale energy storage and hybrid renewable projects that power our communities and cities. Our mission is to responsibly decarbonize the grid and make North American energy markets more affordable, sustainable, and efficient. Aypa is well-capitalized and uniquely positioned to lean forward on projects with well-suited deal structures to meet our customers’ needs. We have been at the forefront of energy storage development since our first energy storage project came online in 2018. As a leader in our industry, we have over 22 GW of utility-scale energy storage and hybrid renewable energy projects in development and 33 projects in operation or construction across North America.
The Portfolio Finance Manager will report to the Senior Director of Portfolio Finance and take primary ownership of Aypa's $2B construction warehouse, the largest facility of its kind in energy storage. The Portfolio Finance team oversees $5B+ of existing financings growing $1–2B per annum, and this individual will be central to how that capital is deployed. As the portfolio scales, this role is expected to grow in scope and take on direct reports. This role is best suited for someone who has been through the full lifecycle of a construction credit facility. Not just the modeling, but the operational work of executing draws, managing lender relationships, and moving projects toward takeout.
Responsibilities:
- Own end-to-end operations of Aypa's construction warehouse facility, including draw package preparation and funds disbursement, consultant deliverables, covenant testing and reporting, and payment execution in accordance with the credit agreement;
- Partner with construction and project management teams to track project-level spend, forecast capital needs, and ensure projects meet warehouse eligibility requirements;
- Lead project transitions from the warehouse into permanent financing structures — tax equity partnerships, term loans, and private placements — coordinating diligence, documentation, and closing;
- Maintain the warehouse financial model and provide FP&A support across the operating portfolio, including debt/tax equity model updates, and cash forecasting;
- Provide advice, best practices, and transaction support (as needed) to deal execution teams in the structuring and execution of financings;
- Serve as a day-to-day relationship contact for lenders, tax equity investors, and trustees during construction and operations; navigate amendments, consents, and waivers in partnership with legal and asset management;
- Manage the interest rate hedging program, including compliance and supporting accounting on hedge effectiveness analysis;
- Support ongoing planning and reporting requirements to Blackstone;
- Other duties as required or assigned.
Key Qualifications:
- Minimum 5+ years in infrastructure finance, asset management or FP&A work experience with meaningful renewable energy exposure;
- Hands-on experience managing the draw and disbursement process for a construction loan or warehouse facility;
- Undergraduate degree in engineering, finance, business, or accounting;
- Technical understanding to support budgeting, forecasting, and financing;
- Ability to review and understand complex contracts, including technical, financial, and legal concepts with respect to major infrastructure projects;
- Financial modeling experience in energy or infrastructure is required;
- Familiarity with complex portfolio management;
- Ability to work and effectively communicate and influence other business partners;
- Advanced knowledge of MS Excel, PowerPoint, and PowerBI; ability to analyze and interpret data;
- Strong business acumen, analytical, and decision-making skills;
- Excellent interpersonal and communication skills, both written and verbal;
- Desire to work with an entrepreneurial and rapidly growing company and play an active role in shaping the trajectory of the business.
Compensation and Location:
Salary: A base salary commensurate with experience;
Bonus: An annual bonus will be awarded based on individual performance and the overall success of the business;
Benefits: Aypa offers an attractive benefits package with excellent health care/dental/vision, 401k matching, unlimited vacation, paid parental leave, and other health/wellness benefits;
Location: Hybrid (USA or Canada). Greater Austin, TX; Salt Lake City, UT; or the Greater Toronto, Canada, area are preferred locations. Remote work will be considered on a case-by-case basis. The ability to work in the United States or Canada is a requirement.
Travel: 10%
At Aypa, we nurture and support a highly diverse team and actively seek to advance fair and inclusive practices in all aspects of what we do. We hire passionate, dedicated, and forward-thinking individuals from different backgrounds and value unique perspectives and experiences. With a focus on belonging, we are committed to providing an inclusive environment for all.
Please note: We kindly request that recruiting companies and agencies refrain from contacting us regarding this job posting. We appreciate your understanding and cooperation in respecting our hiring process. Thank you.
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