AVP Asset Management - Solar/BESS

Company Description

Greenbacker Capital (“Greenbacker”) is an investment management firm that focuses on renewable energy and sustainable infrastructure investing. Since its’ founding in 2011, Greenbacker has grown to over 200 employees, located in four offices (New York City, Portland, ME, Montpelier, VT and Denver, CO), and a number of additional individual locations throughout the United States. With over 60 years of combined infrastructure investment experience and more than $20 billion in combined transactions across the investment team, we are positioned as a market leader in sustainable infrastructure investments.  We invest in a diversified portfolio of income-producing renewable energy power facilities and energy efficiency projects that sell power under long-term contract to high credit worthy counterparties such as utilities, municipalities, and corporations.

Greenbacker strives to create a workforce that encourages a supportive and inclusive culture by promoting diversity and excluding all forms of discrimination. At Greenbacker we strongly value the unique talents of our employees and endeavor to foster an environment in which every employee is respected and valued regardless of age, gender identity, sexual orientation, race, religion, disability, marital status, and pregnancy or maternity.  Greenbacker seeks candidates for employment, promotion, training, or any other benefit, based on their aptitude and ability, and aims to provide support and resources for all employees to reach their full potential.

Please visit our website at www.greenbackercapital.com to further understand our company, team, and portfolio of assets.

Requirements

Job Purpose/Background:

As Greenbacker continues to raise capital and grow our investment portfolio, an opportunity has presented to join the team as a AVP of Asset Management. This role will report to the VP of Operations and will work closely with the entire Greenbacker Operations team, while also representing Greenbacker as the designated point of contact for solar/BESS assets. This may require fulfilling reporting and compliance obligations to customers, financial partners, utilities, and regulatory organizations. The Operations team is responsible for operating our existing solar/BESS and wind assets as well as conducting technical diligence on new acquisitions. This AVP of Asset Management position will be focused initially on managing the asset management team on our DG, Utility and BESS fleet.

The position will require occasional project-related travel as well as travel to conferences and industry events.

Key Responsibilities:

Asset Management Lead:

·       Oversee a portfolio of 1.5 GW of utility, DG solar PV (and solar + storage) assets owned and operated by Greenbacker.

·       Accountable for portfolio management and Key Performance Indicators (KPIs)

Contractual/Compliance Management:

·       Manage asset management team to ensure compliance-related tasks have prompt completion and maintain compliance with agreements, regulations, and other requirements.

·       Responsible for all regulatory obligations on operational assets (NERC, FERC, EIA, PUCs, ISOs, etc.)

·       Managing all commercial and bank compliance and servicing agreements.

Reporting, Monitoring & Optimization:

·       Deliver, or ensure the delivery of, fleet performance and operational activity reports required for internal/external parties.

·       Understand and assess causes for technical and financial underperformance of assets in collaboration with the Operations and Accounting team assigned to each asset.

·       Identify deficiencies and develop solutions to improve the financial health of our assets under management. Help automate and improve processes for reporting and compliance requirements.

·       Identify deficiencies and develop solutions to improve the financial health of our assets under management. Help automate and improve processes for reporting and compliance requirements.

Budget, Revenue and Expense Oversight:

·       Budgets, P&L review, expense tracking and approvals along with budget recast and cost forecasting analysis.

·       Revenue oversight for AM team including REC management, third party vendors, capacity and curtailment, BESS incentives, day ahead forecast/pricing and accrual/billing recognition.

Communications:

·       Act as point of contact for off-takers, lessors, regulatory organizations, and financial parties.

·       Manage, projects and initiatives including onboarding new assets for the Asset Management team