Life Cycle Asset Manager P3

Johnson Controls - Glendale, KY

Full-time - Mid Level

Glendale, KY

Specialty Trade Contractors

About the position

The Lifecycle Asset Manager is responsible for overseeing and managing the Lifecycle (LC) element of various P3 facilities. This role is crucial in ensuring a balance between the operational risk of asset renewal and the opportunity to generate returns for the company while maintaining a reserve for future requirements. Lifecycle management is a unique aspect of P3 projects, involving regular payments that cover both Lifecycle Maintenance and the renewal and replacement of building assets as they reach the end of their life. This management approach is akin to capital planning, with the key distinction being that Johnson Controls International (JCI) holds and manages the Lifecycle funds, retaining any unspent funds, which functions similarly to insurance. JCI manages Lifecycle on a portfolio basis, treating it as a separate profit and loss (P&L) entity that is jointly administered by the sites and the LC team in accordance with Lifecycle Management protocols. For the year 2024, the consolidated LC plan is projected to generate US$41.7 million in revenue and US$9.1 million in margin, using Canadian foreign exchange rates applicable at that time. As a subject matter expert, the Lifecycle Asset Manager provides guidance and direction to JCI's Operations and Maintenance (O&M) staff regarding lifecycle delivery and planning for individual or groups of sites, focusing on risk mitigation and the preservation of funding. Additionally, this role encompasses fiscal planning, forecasting, and updating specialized Lifecycle Management tools. The Lifecycle Asset Manager will provide leadership to the LC team and serve as a central point of expertise for JCI operational sites. Responsibilities include setting direction and ensuring consistency in management across the LC portfolio, strategically managing the LC business in collaboration with the JCI operations team and senior leadership, and ensuring that LC delivery and funding approvals align with JCI processes. This role requires maintaining proactive relationships with site teams, understanding project business needs, and communicating these needs to JCI management. The Lifecycle Asset Manager will also review and recommend fund releases for LC projects, assist in developing project budgets, and communicate operational philosophies and expectations to the O&M staff to enhance their understanding of the LC business workstream. Furthermore, the role involves managing day-to-day and long-range activities for assigned properties, establishing performance metrics, and ensuring compliance with company policies and procedures.

Responsibilities

• Manage the oversight and management of the Lifecycle element of various P3 facilities.
• Ensure a balance of operational risk of asset renewal against the opportunity to generate returns.
• Provide leadership to the LC team and serve as a central point of expertise for JCI operational sites.
• Set direction and ensure consistency of management across the LC portfolio.
• Strategically manage the LC business in collaboration with the JCI operations team and senior leadership.
• Ensure LC delivery and approval of funding by project aligns with JCI processes.
• Maintain proactive relationships with site teams and understand project business needs.
• Review and recommend fund releases for LC projects and assist with budget development.
• Communicate operating philosophy, objectives, and expectations to O&M staff.
• Manage day-to-day and long-range activities for assigned properties.
• Establish process performance metrics and report on Lifecycle fiscal performance.
• Resolve problems and maintain open communication with site teams on LC matters.
• Provide technical expertise and guidance to O&M staff regarding LC matters.

Requirements

• Bachelor's degree in electrical or mechanical engineering, Accounting, or equivalent operational experience.
• Three years of facility management or project delivery experience required.
• Two years of supervisory experience in management, budgeting, vendor management, operations, and maintenance required.
• Demonstrated leadership abilities and organizational skills.
• Strong communication and interpersonal skills.
• Ability to manage data to provide information effectively.
• Ability to manage and train entry-level personnel.
• Ability to deal with customers and others at all levels.
• Must be a team player committed to working in a process-driven analytical environment.

Nice-to-haves

• Ability to travel as required.