Asset Manager, Renewables Asset Management

Invenergy - Chicago, IL

Full-time - Senior

Chicago, IL

Professional, Scientific, and Technical Services

About the position

Invenergy drives innovation in energy. Powered by decades of entrepreneurial experience and unparalleled execution, we solve the energy challenges facing our customers and communities. We provide power generation and storage solutions at scale around the world to create a cleaner energy future. We develop, build, own, and operate energy projects, and we are looking for an Asset Manager to join our Renewables Asset Management team in Chicago, IL. This position is crucial for overseeing the financial and operational performance of renewable energy projects, ensuring compliance with regulatory requirements, and supporting the development and construction teams in achieving project milestones. As an Asset Manager, you will be responsible for assisting in the development of annual budgets for projects and performing periodic variance analyses. You will provide input and review pro-forma financial models for generation assets, author reports on project performance for investors and lenders, and assist in cash flow forecasting and management. Your role will also involve conducting financial analyses of aftermarket improvements and developing other ad-hoc analyses as needed. In addition to financial responsibilities, you will collaborate with the operations engineering team to evaluate and improve operational performance. You will coordinate with project Operations and Maintenance (O&M) staff on various operational items, including major component repair and replacement. Your participation in contract development with outside vendors will be essential, from soliciting quotes to participating in final contract negotiations. You will support Invenergy's construction and development teams by tracking key pre-operations milestones and deliverables under power purchase agreements, as well as managing pre-operations deliverables under project operations agreements. You will also ensure compliance with regulatory requirements and project agreements, including Power Purchase Agreements, Operating Agreements, Credit Agreements, and Operations and Maintenance Agreements. In the event of disputes, you will lead negotiations with contractual counterparts to resolve issues effectively.

Responsibilities

• Assist in developing annual budgets for the projects and perform periodic 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 aftermarket improvements
• Develop other ad-hoc analyses as needed
• Collaborate with the operations engineering team to evaluate and improve operational performance
• Coordinate with project O&M staff on other operational items, including major component repair and replacement
• Participate in contract development with outside vendors, from soliciting quotes to participating in final contract negotiation
• Support Invenergy's construction and development teams by tracking key pre-operations milestones and deliverables under power purchase agreements
• Support Invenergy's operations team by managing pre-operations deliverables under project operations agreements
• Ensure compliance with regulatory requirements and project agreements including the Power Purchase Agreements, Operating Agreements, Credit Agreements and Operations and Maintenance Agreements
• Lead dispute negotiations if they arise with contractual counterparts.

Requirements

• Bachelor's degree required
• 5 years of experience in a similar function and industry, including but not limited to finance, accounting, FP&A, commercial management, project management, and consulting in industries such as energy, utilities, construction, manufacturing and real estate required
• Strong analytical, logical and problem-solving skills
• Effective communication and collaboration skills
• Experience writing, negotiating, and managing contracts
• Excellent analytical and critical thinking skills with the ability to identify and solve complex problems
• Demonstrated proficiency in Microsoft Excel
• Experience with standard financial metrics and analyses (NPV, IRR, DCF models) preferred
• Eligible to work in the United States without the need for employer visa sponsorship now or in the future.

Nice-to-haves

• Experience in the renewable energy industry highly preferred
• Master's Degree in Business, Economics, Finance, or Engineering

Benefits

• Health insurance
• Dental insurance
• 401(k)
• Paid time off
• Vision insurance