Senior Manager, Investment Management - Austin, TX

About the role

Lightsource bp is a global leader in onshore renewable energy development, delivering large-scale solar and energy storage solutions that power the energy transition. Fully acquired by bp in 2024, Lightsource bp operates under a capital-light investment model, retaining management and equity interest in projects while leveraging third-party capital to fund its growing portfolio.

The Senior Manager, Investment Management will join the U.S. Finance team, based in Denver or Austin. The Investment Management (IM) team serves as the primary interface between Lightsource bp and its capital partners, providing financial modelling, analytical support, and ongoing relationship management across the U.S. renewable energy portfolio.

Responsibilities

• Financial Modelling & Analysis:
  • Build, develop, and maintain robust financial models for individual asset portfolios, including return and valuation calculations, debt sizing, ratio analysis, and scenario sensitivities
  • Update portfolio models with actuals and maintain monthly, semi-annual, and annual cash flow models
  • Provide support on debt financing, refinancing, and M&A transactions
  • Work with independent advisors and internal teams to develop deep knowledge of asset value drivers
  • Deliver clear, high-quality financial modelling advice to both specialist and non-specialist stakeholders
  • Support budgeting, financial planning, and Board presentations
• Portfolio Valuation:
  • Regularly review and update the Asset Valuation Framework, including valuation methodology, modelling assumptions, and financial KPIs
  • Update asset portfolio models on a semi-annual basis with financial actuals and agreed assumptions
  • Prepare timely valuation reports and provide model updates to support investment and divestment initiatives
• Investment Management Team Support:
  • Support IM Portfolio Managers on investor and lender compliance matters, including modelling and presentations for tax equity investors, JV partners, and lenders
  • Manage covenant reporting, waiver and approval requests, debt service payments, sponsor distributions, and credit support facilities such as Letters of Credit
  • Contribute ideas for new investment or divestment opportunities, including maintenance capex, operational improvements, and commercial contract enhancements

Requirements

• Advanced Excel skills, including VBA, Power Query, and Power BI (or similar data analysis tools)
• Demonstrated ability to build financial models for project valuations and project-level debt management
• Strong understanding of project finance debt sizing, key valuation drivers, and non-recourse financing structures
• 3–5 years of relevant work experience in project finance, financial advisory, infrastructure investment, or a related field
• Proven track record of independently building financial models, running sensitivities, and challenging assumptions on project finance transactions
• Demonstrated experience as the primary modeller on a debt raising transaction within a financial institution, financial advisory, or model auditing firm
• Prior experience taking a project through an Investment Committee, including building models to present the business case for investment, is a strong plus
• Degree in Engineering, Finance, Business, or a related field
• Strong organizational skills with the ability to prioritize effectively across multiple workstreams
• Excellent attention to detail with the ability to recognize and question anomalies
• Confident communicator and presenter — able to build strong relationships across technical and non-technical teams
• Calm under pressure, adaptable, and comfortable operating in a fast-paced, complex matrix environment
• A strategic thinker who can connect asset-level detail to broader portfolio and regional insight

Benefits

• Competitive base salary ($160k–$180k) plus 20% annual bonus
• Health, dental, vision, and prescription coverage from day one with zero premiums for employee-only coverage
• Four weeks vacation, three weeks sick leave, and 11 paid holidays
• 401(k) with 3% nonelective employer contribution
• Retention bonuses
• Hybrid work schedule (Tuesday–Thursday in office; Monday & Friday remote)
• Monthly phone reimbursement up to $100
• Commuter benefit up to $150 per month
• Lifestyle Savings Account and additional wellness benefits