Manager, Asset Management

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

P&L Management:

• 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 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 for 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.

Operational management:

• Manage third-party Operations & Maintenance (O&M) providers, ensuring adherence to O&M agreements.
• Lead root cause analysis efforts for underperforming assets, and 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 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 a 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, off-takers, 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.

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.).

Clearway Energy Group is leading the transition to a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., our portfolio comprises approximately 11.4 GW of gross generating capacity in 26 states, including 9 GW of wind, solar, and energy storage assets, and over 2.4 GW of dispatchable power generation providing critical grid reliability services. As we develop a nationwide pipeline of new energy projects for the future, Clearway’s fleet of emissions-free assets generates enough reliable electricity to power more than 2 million homes today. Clearway Energy Group is headquartered in San Francisco with offices in Denver, Houston, Phoenix, Princeton, and San Diego. For more information, visit clearwayenergygroup.com.

Clearway Energy, Inc. is one of the largest owners of clean energy generation assets in the US and is leading the transition to a world powered by clean energy. Our portfolio comprises approximately 11.4 GW of gross generating capacity in 26 states, including 9 GW of wind, solar, and energy storage and over 2.4 GW of dispatchable power generation providing critical grid reliability services. Through our diversified and primarily contracted clean energy portfolio, Clearway Energy endeavors to provide our investors with stable and growing dividend income. Clearway Energy, Inc.’s Class C and Class A common stock are traded on the New York Stock Exchange under the symbols CWEN and CWEN.A, respectively. Clearway Energy, Inc. is sponsored by our controlling investor, Clearway Energy Group LLC. For more information, visit investor.clearwayenergy.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, San Diego, Scottsdale, Houston, Denver, & 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.

Notice to Applicants
Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies with equal employment laws, ordinances and regulations for all applicants and employees. We will make reasonable accommodations to enable individuals with disabilities to apply and compete for employment opportunities for which they are qualified. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to recruiting@clearwayenergy.com and let us know the nature of your request and your contact information.

Notice to California Applicants
Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies with equal employment laws, ordinances and regulations for all applicants and employees.