Director of Asset Management

This is a fully remote position, open to applicants in California.

📋 Description

• Lead the Asset Management team within the Asset Performance and Optimization division and report directly to the VP of Asset Performance and Optimization.

• Oversee the commercial and financial success of operating utility-scale and distributed generation solar and battery energy storage projects throughout the United States.

• Establish strategies and ensure adherence to contracts, manage tax equity and investor relations, oversee financial management and reporting, operational performance, regulatory compliance, and facilitate project transitions from construction to operations.

• Build and guide a high-performing team consisting of Asset Managers, a Regulatory Compliance Manager, and an Asset Integration Manager.

• Collaborate with Development, M&A, Engineering, Construction, Legal, Finance, Tax, and O&M teams.

• Cultivate relationships with offtakers, investors, and lenders while mentoring staff.

• Direct tax equity management, investor reporting, cash distributions, allocations, consents, notices, and approvals.

• Monitor ITC compliance, recapture risks, flip timing, flips, buyouts, and other tax equity milestones.

• Manage project-level operating budgets and perform monthly, quarterly, and annual budget-to-actual reconciliations.

• Provide operational, financial, and performance reports to leadership, owners, and financing parties.

• Oversee project revenue across energy, capacity, and ancillary markets, including BESS dispatch and settlement.

• Review and negotiate asset management, O&M, LTSA, and other commercial agreements.

• Address commercial issues and disputes with counterparties.

• Lead asset management due diligence for acquisitions and divestitures, analyzing refinancing and asset improvement decisions.

• Ensure compliance with project agreements, permits, REC and environmental attribute delivery, FERC, RTO/ISO, and NERC CIP Low obligations.

• Track permit conditions, decommissioning responsibilities, and financial assurances.

• Analyze project performance against budget and contract expectations and coordinate corrective actions.

• Monitor curtailment, pursue compensation, enforce performance guarantees, and recover liquidated damages.

• Coordinate warranty claims, insurance claims, revenue recovery, and operational technology issues.

• Manage new-project transitions from construction to operations, ensuring pre-COD revenue readiness and smooth contract handoff.

• Enhance Asset Management through automated processes and AI tools.

• Support enterprise-wide process and system initiatives.

• Coach, develop, provide feedback to, and cross-train team members.

⛳️ Requirements

• Bachelor’s degree in Engineering, Finance, Business, Economics, or a related field; a Master’s degree is preferred.

• Over 10 years of experience in the energy sector, particularly in asset management of utility-scale renewable energy projects.

• Direct experience in managing tax equity partnerships, including partnership flip structures, investor reporting, cash distributions, and ITC compliance.

• Strong working knowledge of project finance documents, offtake agreements (including REC delivery), and project financial models.

• Profound understanding of solar and BESS operational performance, including availability, degradation, and loss drivers.

• Experience with RTO/ISO markets and regulatory compliance, including FERC and NERC.

• More than 5 years of experience in leading and developing high-performing teams, with a proven track record of enhancing processes and systems to foster portfolio growth.

• Proven ability to design and implement automated workflows, data systems, or AI tools that significantly improved a team’s capacity or accuracy.

• Comfortable working hands-on with data and modern tools (e.g., Excel/Power Query, Power BI, Python, or AI assistants), and possess the curiosity to continuously learn new technologies.

• Experience with power performance analytics platforms; familiarity with Power Factors is a plus.

• Clear and confident communicator with investors, lenders, and senior leadership.

• Self-motivated and effective in working remotely with a distributed team.

🏝️ Benefits

• 401(k) plan with company matching.

• Competitive health, vision, and dental benefits.

• Generous personal time off and company holiday package.

• Work-from-home policy.