Asset Manager

Adapture Renewables; Oakland (CA); Hybrid; USD 135,000 - 155,000; Full time

Job summary

Adapture Renewables is seeking an experienced Asset Manager to oversee financial and commercial obligations of renewable energy assets. The role involves coordination with various teams to ensure compliance, financial performance assessment, and stakeholder management. This position offers a competitive salary and benefits package.

Benefits

401(k) plan with matching contributions

Comprehensive health, vision, and dental benefits

Generous personal time off

Flexible work-from-home options

Qualifications

• 3+ years in renewable energy asset management focused on financial and regulatory compliance.
• Excellent communication skills for interactions with stakeholders.
• Ability to adapt to fluctuating workloads.

Responsibilities

• Oversee financial obligations and ensure compliance with contracts.
• Coordinate with finance and accounting teams to manage financial reporting.
• Manage relationships with key stakeholders and contractors.

Skills

Financial compliance

Communication

Regulatory understanding

Project management

Tools

Excel

Outlook

Word

Job description

Opportunity

Adapture Renewables, Inc. is on a mission to be a leader in this new era of sustainable energy. Drawing upon an extensive knowledge base, we develop, finance, engineer, build, own, and operate high quality utility-scale photovoltaic projects and battery energy storage projects. Our Asset Management team is looking for a talented Asset Manager to help support the efforts of our fast-growing company. Adapture Renewables is owned by KIRKBI – the private holding and investment company of the Kirk Kristiansen family founded to build a sustainable future for the LEGO brand through generations.

Overview

This position will work in our Asset Management team and play a vital role in overseeing the financial and commercial obligations of Adapture Renewables’ portfolio of assets across the U.S., ensuring financial covenants are fulfilled and contractual commitments are met. This person will coordinate closely with the Project Finance and Accounting teams and will be a primary interface between the Asset Management team and its project financing partners, PPA offtakers, and other counterparties. The Asset Manager is key in directing and maintaining the balance between corporate and project entity interests, so a high degree of intuition and reasoned judgment is essential. The candidate may be based remotely in the U.S., with periodic travel to our Bay Area home office and other company locations.

Core Responsibilities

• Track PPA obligations and work cross-functionally to ensure compliance
• Document the timely completion of all compliance obligations in Adapture Renewables’ asset management platform
• Work closely with Development/Business Development, Project Management & Engineering, and Project Finance teams to successfully onboard new assets and capture all obligations in tracking system
• Maintain and refine, as needed, the existing Budget Forecast tracking models for Adapture Renewables’ financed portfolios
• With assistance from Project Finance, lead the creation of accurate budget tracking processes and models as new portfolios are added and financing structures are adopted
• Prepare and submit scheduled and unscheduled draw/transfer requests in accordance with the finance documents
• Work with Project Finance, Legal, and Accounting to ensure finance document covenants are fulfilled in a timely and accurate fashion by sourcing and submitting operating reports, financials, officer’s certificates, and any necessary consents or waivers
• Communicate with Adapture Renewables’ commercial and finance partners to field inquiries and requests
• Work with the Accounting team to ensure revenue is received and expenses are paid in accordance with contract terms
• Assist Tax Accounting on both the initial and ongoing annual property tax filings
• Contribute to the continued improvement of Asset Management policies and procedures with the aim of efficiency, timeliness, and accuracy
• Generate periodic financial performance assessments of operating portfolios as requested by senior management
• Communicate closely with the O&M and Finance departments to bring substantive issues to light that may require focused attention or supplemental reporting
• Manage relationships with key stakeholders and serve the point as of contact for project customers and landowners
• Manage contractual REC obligations and relationships
• Prepare recurring and ad hoc reporting for financing partners, including distribution waterfalls for investors and lease payments to banks
• Assist Accounting team with the preparation of annual financial audits as needed

Qualifications and Experience

• Minimum of 3 years of prior renewable energy asset management experience with an emphasis on financial and regulatory compliance
• Excellent working knowledge of Excel, Outlook, Word and a thorough understanding of current renewable energy finance structures
• Experience in the transition of renewable energy projects from construction to long-term financing under various finance structures is a plus
• Ability to communicate effectively with financial partners, regulatory agencies, regional utilities, and corporate energy buyers
• Deep understanding of operating contracts, with a strong ability to identify and interpret relevant clauses as needed
• Excellent written and verbal communication skills required
• An ability to adapt to fluctuating workloads is important

Benefits Package

• 401(k) plan with company matching contribution
• Competitive health, vision, and dental benefits
• Attractive personal time off and company holiday package
• Work-from-home policy
• Salary commensurate with experience

Note

Qualified candidates only. No search firms. Adapture Renewables, Inc. is committed to equal employment opportunity.

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Compensation

The salary range for this full-time position is $135,000 - $155,000, commensurate with experience and location.

Note

Qualified candidates only. Adapture Renewables, Inc. is committed to equal employment opportunity.