Solar Asset Manager - Austin, TX
VetJobs · Austin, TX · 1 mo ago
Sales$130k–$140k/yrFull-time
About the role
The Asset Manager plays a critical role in maximizing the financial and operational performance of a portfolio of utility-scale solar assets. This position serves as the central point of coordination across internal teams, third-party service providers, and external stakeholders.
Responsibilities
- Full P&L ownership of the asset portfolio, including monthly variance analysis, revenue tracking, and cost control.
- Manage tax equity investor relationships and reporting requirements, including flip model tracking and sponsor equity distributions.
- Oversee debt compliance, including liquidity forecasting, reserve account funding, and debt service coverage monitoring.
- Forecast and manage liquidity needs across project entities, ensuring adequate working capital and alignment with distribution schedules.
- Prepare and present detailed financial reports for internal leadership, tax equity investors, and lenders.
- Cook up annual audits, tax return preparation, and investor reporting with accounting and legal teams.
- Approve invoices and monitor unbudgeted or non-recurring expenses to ensure alignment with budget and financial targets.
- Serve as the primary point of contact for external stakeholders, including offtakers, utilities, maintenance contractors, and service providers, ensuring timely resolution of issues and execution of contractual obligations.
- Conduct risk assessments across contracts and commercial operations, identifying exposure and recommending mitigations.
- Drive portfolio value optimization through variance analysis, renegotiation opportunities, and proactive contract management.
- Identify and implement cost reduction strategies related to O&M, asset level expenses, and third-party services.
- Manage warranty claims, performance guarantees, and equipment failure resolutions in collaboration with OEMs and service providers.
- Lead commercial negotiations and execution of amendments, renewals, and new agreements in coordination with legal and executive teams.
- Track and enforce compliance with all commercial agreements, including PPAs, interconnection agreements, land leases, and merchant revenue participation.
- Oversee daily operations of utility-scale solar assets, ensuring safety, reliability, and regulatory compliance across the portfolio.
- Partner with O&M providers to monitor and improve plant performance, leveraging SCADA and monitoring platforms to track real-time data and KPIs.
- Lead root cause analysis and corrective action plans for performance deviations and outages.
- Coordinate project commissioning and handover from construction to operations, ensuring documentation, testing, and warranty initiation are complete.
- Develop and oversee site-level maintenance plans, asset health reviews, and performance optimization strategies.
- Support technical audits, annual inspections, and NERC or environmental compliance as applicable.
- Serve as the operational lead for day-to-day asset management, ensuring execution of both recurring and ad hoc responsibilities.
- Collaborate cross-functionally with development, engineering, finance, legal, and compliance teams to align asset operations with business strategy.
- Foster a culture of accountability, performance, and continuous improvement within the asset management function.
- Maintain organized and auditable project documentation in line with internal controls, stakeholder expectations, and industry standards.
- Support strategic initiatives including refinancing, M&A diligence, and tax equity structuring.
- Represent the company in partner meetings, regulatory discussions, and cross-organizational workstreams as needed.
Qualifications
- Bachelor’s degree in Engineering, Finance, or Business Administration.
- 3-5 years of experience in Asset Management or Operations.
- Experience worked for financial investors active in the renewable space internationally, and IPP or a vertically integrated developer.
Skills
- Understanding of utility-scale solar PV systems, including design, operations, maintenance, and performance analytics.
- Proficient in financial management of energy assets, including budgeting, P&L analysis, cash flow forecasting, and tax equity and debt compliance.
- Familiarity with key project agreements such as PPAs, O&M and EPC contracts, interconnection agreements, and financing documents.
Benefits
- Competitive compensation, $130,000 to $140,000 plus a 15% annual bonus.
- Health, dental, prescription, and vision care for US team members starts on your first day of employment with zero premiums for employee-only coverage.
- Retention bonuses.
- Four weeks of vacation and three weeks of sick leave annually plus 11 paid holidays.
- 401(k) plan, with a 3% nonelective employer contribution.
- Hybrid working environment (Tuesday, Wednesday & Thursday in office, Monday and Friday remote).
- Monthly personal phone bill reimbursement of up to $100 and a monthly commuter benefit of up to $150.
- Lifestyle Savings Account and more!
Pay
$130,000 to $140,000 plus a 15% annual bonus.
Schedule
Hybrid working environment (Tuesday, Wednesday & Thursday in office, Monday and Friday remote).