Manager, Thermal Asset Management

About the position

The Thermal Asset Manager is responsible for a wide range of activities all directed toward the same goal: safely maximizing the profitability of Invenergy’s portfolio of operating thermal assets.

Responsibilities

• Develop annual budgets and perform periodic variance analyses for financial metrics such as EBITDA, distributions, etc.
• Provide input and review of the pro-forma financial models for generation assets.
• Develop reports on generation asset performance for investors and lenders.
• Assist in cash flow forecasting and management.
• Perform financial analyses of aftermarket improvements, including profits, losses, and associated risks.
• Develop other ad-hoc analyses as needed, coordinating with Accounting, Finance, Tax, etc.
• Coordinate with site-based and corporate O&M staff to optimize thermal asset performance, including major component repair and optimization of maintenance planning.
• Evaluate and improve operational performance, alongside engineering teams.
• Participate in contract development with outside vendors, from soliciting quotes to supporting final contract negotiation.
• Lead dispute negotiations if they arise with contractual counterparts.
• Provide input on optimizing the bidding and scheduling of assets in the market.
• Support development and review commercial contracts and bids.
• Collaborate with Commercial team on near-term and long-term power market strategy.
• Ensure compliance with the regulatory requirements and project agreements, including Power Purchase Agreements, Operating Agreements, Credit Agreements, and Operations and Maintenance Agreements.

Requirements

• Bachelor's Degree in a quantitative discipline (e.g., Engineering, Mathematics, Economics, Finance or Accounting).
• 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.
• Experience with standard financial metrics and analyses (NPV, IRR, DCF models).
• Demonstrated proficiency in Microsoft Excel.
• Some travel required.
• Eligible to work in the United States without the need for employer visa sponsorship now or in the future.

Nice-to-haves

• Experience in thermal or an adjacent energy sector (cogeneration plants, gas turbines, steam turbines, natural gas, oil and gas etc.) is beneficial, but not required.
• Strong analytical, logical, and problem-solving skills.
• Master’s Degree in Business, Economics, Finance, or Engineering.

Benefits

• Medical, dental and vision insurance.
• 401k.
• Paid time off.