Commercial Asset Manager

ForeFront Power; San Francisco (CA); Hybrid; USD 70,000 - 110,000; Full time

Job summary

Join a forward-thinking company as a Commercial Asset Manager, where you will be pivotal in optimizing financial performance in the renewable energy sector. This role involves managing P&L for energy assets, ensuring compliance with contractual obligations, and collaborating with cross-functional teams to drive project success. The ideal candidate will thrive in a dynamic environment, leveraging strong analytical and communication skills to maximize asset value. If you're passionate about sustainability and eager to contribute to innovative energy solutions, this is the perfect opportunity for you.

Benefits

Flexible Work Hours

Health Insurance

Retirement Plan

Professional Development

Remote Work Options

Paid Time Off

Team Building Activities

Qualifications

• 3+ years of asset management experience in renewable energy.
• Strong computational and analytical skills.
• Desire to work in a growing company in the renewable energy field.

Responsibilities

• Manage P&L for operating energy assets, including budgeting and variance analysis.
• Lead relationships with external financial counterparties.
• Ensure compliance with financial agreements and project contracts.

Skills

Asset Management

Data Analysis

Communication Skills

Organizational Skills

Analytical Skills

Project Management

Education

Bachelor's Degree

Tools

Excel

Word

PowerPoint

Job description

JOB OVERVIEW

The Commercial Asset Manager (CAM) is a key member of the Asset Management team, primarily supporting the financial and compliance asset management function. The ideal candidate will be responsible for optimizing financial and operational performance, ensuring compliance with contractual obligations, and managing stakeholder relationships to maximize asset value.

JOB LOCATION AND REPORTING TO

This position will be based in either our New York City or San Francisco office or for the right candidate as a remote position. The Commercial Asset Manager reports to the Director of Commercial Asset Management and works cross-functionally with teams across the organization.

KEY RESPONSIBILITIES

Financial Performance and Reporting

• Responsible for P&L management of operating energy assets including budgeting, variance analysis, and value creating strategies
• Lead relationship between all external financial counterparties and ensure compliance with each financing agreement
• Establish annual project budgets, and oversee cash flow management/forecasting processes (in accordance with financial agreements)
• Review actuals to budget, waterfall and investor distribution models, and support analyses of financial structures and returns, including tax equity buyouts and refinancing
• Compile customer billing reconciliations and interface with customers regarding billing questions or system performance
• Lead asset management team in ensuring timely and accurate revenue and expense accruals

Commercial Operations and Compliance

• Preparation and review of key project contracts
• Collaborate with teams to properly on-board assets into the platform to ensure proper transition of assets to the asset management group
• Ensure internal compliance tool is up to date, and monitor compliance for both financial and project contractual requirements
• Understand and assess causes for technical and financial underperformance of assets in collaboration with the team member assigned to each asset
• Manage contractual REC obligations, relationships, and new business
• Insurance program management and reporting. Ensure all claims are documented in the internal system and work with relevant counterparties to close out open claims.
• Community Solar program management

Collaboration with Cross-Functional Teams

• Partner with the internal teams to provide input on the pro-forma financial model for new projects, ensuring alignment with operational realities.
• Support the seamless transition of projects from Construction to Operations
• Lead and coordinate with cross-functional teams to ensure compliance with key project agreements, incentive programs, regulatory requirements, and other project obligations.
• Maintain insurance reporting in conjunction with Development to ensure all projects are covered under our policy
• Assist the Accounting team with reconciliation of accounts and preparation of annual financial audits as needed

QUALIFICATIONS

We are looking for highly motivated individuals who want to be part of a fast-paced and fluid company poised for growth in one of the country’s most rapidly changing industries.Forward-thinking, innovative approaches and comfort with complexity are what define the ForeFront Power team. We are looking for individuals eager to run at the front with us.

• 3+ years of asset management experience in renewable energy
• Highly organized, exceptional communication skills and strong attention to detail
• Proven ability to perform accurately (data analysis) and timely (deliverable deadlines)
• Desire to support a high-energy, evolving team in an early-stage company
• Bachelor's degree with high academic achievement
• Strong computational and analytical skills
• Excellent communication skills in both oral and written English
• Strong Excel, Word and PowerPoint skills
• Self-motivated and strong work ethic with the ability to proactively manage diverse relationships and multiple, complex projects simultaneously
• Potential to be creative, flexible, and think critically in tackling a variety of challenges, from the industry level to customer-specific
• Desire to work in a growing company in the renewable energy field

PHYSICAL DEMANDS

This position is primarily sedentary in nature and requires prolonged periods of sitting at a desk in front of a computer. The Commercial Asset Manager should be comfortable traveling to various sites including construction sites and being around heavy equipment.

WORK ENVIRONMENT AND CULTURE

The organization promotes an open and collaborative work atmosphere. Cross functional teams work closely together to solve problems and move the company forward. Our culture at ForeFront Power encourages employees to be authentic and to embrace our core values that celebrate passion for our work, a commitment to our planet, a winning attitude, an entrepreneurial spirit, and a community of respect for each other and our partners.

ABOUT FOREFRONT POWER

ForeFront Power is a leading developer of commercial and industrial-scale (C&I) solar energy, battery storage, and vehicle fleet electrification projects in the U.S. and Mexico. Over 15 years of working together, the ForeFront Power team has developed more than 1,800 behind-the-meter and community solar projects, totaling more than 1.6 gigawatt-DC of renewable electricity. ForeFront Power serves business, government, education, healthcare, and community solar customers with a broad array of development, asset management, and advisory services from its San Francisco headquarters and via teams based in New York, Mexico City, and across the U.S. through a hybrid work model. For more information, visit www.forefrontpower.com.

A wholly owned subsidiary of global energy infrastructure and investment leader Mitsui & Co. Ltd., ForeFront Power operates under Mitsui’s North American investment arm, MyPower Corp. Mitsui holds a robust balance sheet and an“A”credit rating from Standard & Poor’s. For more information visitwww.mitsui.comandwww.mypowercorp.com.

ForeFront Power is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all employees and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.