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Senior Manager, Asset Management

Geronimo Power, LLC
Posted a month ago, valid for 21 days
Location

Bloomington, MN, US

Salary

$125,000 - $175,000 per year

Contract type

Full Time

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Sonic Summary

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  • Geronimo Power is seeking an experienced professional to oversee the management of profit and loss for its energy assets, focusing on optimizing financial performance.
  • The ideal candidate should have a Bachelor's degree and at least 5 years of experience in the U.S. energy industry, specifically in Asset Management or a related field.
  • Key responsibilities include managing project budgets, ensuring compliance with agreements, and fostering relationships with stakeholders and regulatory agencies.
  • The position offers a competitive salary range of $125,000 to $175,000, along with a comprehensive benefits package including medical, dental, and a 401K plan.
  • Candidates should possess strong project management skills, financial analysis capabilities, and the ability to lead diverse teams effectively.


 

Geronimo Power (formerly National Grid Renewables) develops, owns and operates large-scale power assets throughout America’s Heartland, including solar, wind and energy storage. As a farmer-founded and community-focused business, Geronimo Power equips landowners and rural communities with sustainable revenue to ignite local economic growth. Geronimo Power is a portfolio company managed by Brookfield Asset Management. To learn more about Geronimo Power, visit geronimopower.com or follow the company on LinkedIn.


Duties


P&L Management:

• Oversee the team's management of the profit and loss and cash position for all generating assets within the assigned portfolio.

• Ensure the team reviews monthly operational performance and financial variance reports, investigating and addressing any budget discrepancies.

• Guide the team in analyzing gross margin performance and collaborating with internal teams to explain variances and develop strategies to maximize value.

• Direct the team in developing annual project budgets and updating monthly accrual and cash forecasts and financial models as needed.

• Coordinate with internal teams to manage plant optimization, warranty claims, insurance claims, and revenue optimization and recovery efforts.

• Support the team in initiating and supporting major projects, divestitures, capital investments, refinancing, and revenue enhancement proposals. Commercial Management, Compliance, & Reporting:

• Build and document process standards for which Asset Manager’s work within.

• Ensure the team successfully administers all project obligations and interests under project agreements and resolves any contractual issues with counterparties.

• Oversee the team's management of general business-related licenses, permits, regulatory requirements, reporting, and transactions with regional authorities, banks, governing bodies, and other external parties.• Foster trusted relationships with customers, partners, joint asset owners, ISOs, and regulatory agencies.

• Guide the team in handling commercial issues and associated strategies for resolution with counterparties, including mediation or litigation.

• Support the team in negotiating or amending contracts to improve asset performance and mitigate risk.

• Ensure the team manages monthly lost output and guaranteed energy production status per applicable offtake requirements.

• Direct the team in preparing reports and presentations for project stakeholders as required.


Operational Management:

• Oversee the team's management of third-party Operations & Maintenance (O&M) providers, ensuring adherence to O&M agreements.

• Support the team in identifying and optimizing spare parts strategy for major components.

• Establish Asset Management teams processes and procedures


Qualifications:

• Demonstrated ability to build and lead teams that consistently achieve high performance.

• Bachelor’s or equivalent undergraduate degree with concentration in Finance, Accounting, Economics, Business, Physics and/or Engineering

• 5+ years of successful U.S. energy industry experience in Asset Management or a related field

• Familiarity with energy financing structures required

• Excellent project management skills coupled with organization, flexibility, and strong attention to detail

• Strong interpersonal skills, including the ability to establish effective working relationships and articulate issues and subject matter to process owners while being a team player

• Ability to lead a diverse team of professionals

• Ability to meet and communicate effectively with various Customers, off-takers, and Investors.

• Strong ability to review and analyze financial and technical data

• Strong understanding of project finance, legal contracts, accounting, and contract negotiations.

• Proficient computer skills to enable electronic management of contracts and terms.• Ability to multi-task, prioritize and manage time effectively.

• Proficiency with Microsoft Office products including Excel, PowerPoint, and Word.


Pay Range for the posted level: $125,000-175,000.00


We offer a comprehensive benefit package, including Medical, Dental, 401K






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