Contract Analyst

Ormat Technologies, Inc.; Reno (NV); On-site; USD 70,000 - 100,000; Full time

Job summary

Ormat Technologies, Inc. is seeking a Contract Analyst to administer PPAs, leases, and interconnection agreements, and to manage revenue invoicing for the electricity segment. The role involves preparing compliance reports and calculating federal/private royalties for US plants.

Ideal candidates will have a finance/economics background, strong analytical skills, and experience with SAP and AI-enabled process improvements. Travel to sites may be required.

Qualifications

• Bachelor's degree in finance, economics or an equivalent combination.
• Strong analytical abilities and cross-department collaboration.
• Proficient with MS Word, Excel, PowerPoint and internet tools.
• Excellent written and oral communication skills.
• Ability to multi-task and work independently on evolving projects.
• Detail-oriented with strong organizational skills.
• Familiar with AI tools and driving process improvements.
• SAP experience is preferred.

Responsibilities

• Administer PPAs, leases, and interconnection agreements.
• Manage revenue invoicing for electricity segment.
• Prepare and audit monthly utility invoices.
• Coordinate with utilities, landowners, and government agencies.
• Create compliance and financial reports for PPAs.
• Calculate federal and private royalties for US plants.
• Prepare EIA reports for US plants and EQRs for FERC.
• Support audits and insurance certificate distribution.
• Provide analysis for projects requested by the Director.

Skills

Analytical skills

Cross-functional collaboration

Written communication

Oral communication

Multi-tasking

Organizational skills

Attention to detail

AI proficiency

SAP experience

MS Office (Word/Excel/PowerPoint)

Education

Bachelor's degree in finance or economics

Tools

MS Word

Excel

PowerPoint

Job description

Position Summary

The Contract Analyst, under the direction of the Director of Commercial Operations, is primarily responsible for administering the requirements specified by Power Purchase Agreements (PPAs), federal and private land leases, as well as Generator Interconnection Agreements (GIAs). Duties will include managing monthly revenue invoicing as required by certain PPAs, as well as the analysis and calculations of the federal and private royalties.

Essential Functions

• Manage and execute compliance requirements for all PPAs, leases, and interconnection agreements.
• Responsible for managing all revenue derived from the electricity segment (90% of Ormat's Business).
• Execute and audit monthly utility invoices.
• Manage customer relations between utilities, land owners and government agencies.
• Create reports required for compliance with PPAs and financial agreements, as needed.
• Calculate payments of federal and private royalties for all US plants. Build and maintain knowledge and familiarization of applicable lease agreements.
• Analyze and distribute internal energy index reports and avoided cost reports.
• Manage compliance for corporate and government audits.
• Create monthly and annual EIA reports for all US plants.
• Create Electronic Quarterly Reports (EQR) for FERC market-based rate authority.
• Distribute insurance certificates as required by PPAs, lease agreements and financial agreements. NEW ESSENTIAL FUNCTION
• Provide analysis for various projects as requested by the Director of Commercial Operations.

Other Responsibilities

• Other duties and projects as assigned by management, including, but not limited to, any projects that may be required by PPAs, lease agreements and investors per financial agreements as well as government compliance and audit requests.

Education, Experience, And Skills Required

• Bachelor's degree in finance, economics or similar degree or combination of equivalent work experience or education.
• Candidate must possess analytical skills and the ability to work with various departments and levels within the organization.
• Candidate must be able to use and acquire knowledge of a variety of computer software applications in work process, spreadsheets, database, and presentation. Must be proficient in MS Word, Excel, Power Point, effective use of the internet, and other basic computer applications.
• Candidate must have excellent written and oral communication skills.
• Candidate must have the ability to multi-task and work independently on projects that may be evolutionary in nature.
• Candidate must demonstrate organizational skills and be detail-oriented.
• Candidate must be comfortable using AI and champion its use to identify and suggest process improvements.
• Proficiency in SAP is preferred.

Physical Requirements

• Must be able to work in an office environment and have the ability to work at a computer and computer monitor and use repetitive motion for long periods of time.
• The ability to occasionally lift up to 15 pounds.
• This position requires sitting 80% of the time and standing and walking 20% of the time.
• Occasional travel to power plant sites, with the ability to travel for long distances by car and air.