Director of Asset Management

SilverShoots

Oakland (CA)

Remote

USD 180,000 - 280,000

Full time

4 days ago

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Benefits offered by this job

401(k) plan with company matching

Competitive health, vision, and dental

Generous paid time off and holidays

Work-from-home policy

Job summary

Adapture Renewables, Inc. is seeking a Director of Asset Management to lead the APO group's asset performance across a diverse portfolio of solar and energy storage projects. This remote role includes up to 25% travel to project sites, the Oakland office, and partner meetings.

You will build and manage a high-performing team, own budgets and investor reporting, and drive ITC compliance, tax equity, and regulatory initiatives to optimize portfolio value.

Qualifications

Bachelor’s degree in Engineering, Finance, Business, Economics, or related field.
10+ years of energy industry experience, including asset management of utility-scale renewable energy projects.
Direct experience managing tax equity partnerships, including partnership flip structures, investor reporting, cash distributions, and ITC compliance.
Solid working knowledge of project finance documents, offtake agreements (including REC delivery), and project financial models.
Strong 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.
5+ years leading and developing high-performing teams, with a track record of improving processes and systems to support portfolio growth.
Track record of designing and implementing automated workflows, data systems, or AI tools that measurably improved a team’s capacity or accuracy.
Comfort working hands-on with data and modern tools (for example, Excel/Power Query, Power BI, Python, or AI assistants).
Experience with power performance analytics platforms; Power Factors a plus.

Responsibilities

Lead tax equity management with investors and approvals.
Monitor ITC compliance and support tax milestones.
Be primary contact for offtakers, tax equity investors, lenders, and other financing parties.
Own project budgets and run budget-to-actual reconciliations (monthly, quarterly, yearly).
Deliver monthly operating and performance reports to leadership, owners, and financing parties.
Understand project revenue across energy, capacity, and ancillary markets; work with Power Marketing to protect/grow it.
Review and negotiate asset management, O&M, LTSA, and other contracts.
Lead due diligence for acquisitions/divestitures and support refinancing decisions.
Design and implement automated workflows and AI tools to scale asset management.
Coach and develop staff and mentor cross-functional teams.

Skills

Tax equity management

Project finance knowledge

Solar & BESS operations

Regulatory compliance

Team leadership

Automation workflows / data systems

Investor reporting

Education

Bachelor's degree in Engineering, Finance, Business, Economics, or related field

Master's degree (preferred)

Tools

Power BI

Python

AI tools

Job description

Opportunity

Adapture Renewables, Inc. is an expert in developing, financing, engineering, building, and operating utility-scale and distributed generation photovoltaic and energy storage systems. Drawing upon an extensive knowledge base, we realize projects with speed, flexibility, and high quality. We are looking for a talented Director of Asset Management to help support the efforts of our fast-growing company. This is a remote position with up to 25% travel to project sites, the Oakland office, and partner meetings. Adapture Renewables, Inc. is majority 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 leads the Asset Management team within our Asset Performance and Optimization (APO) group and reports to the VP of Asset Performance and Optimization. The team manages the commercial and financial performance of more than 700 MW of operating utility-scale and distributed generation solar and battery energy storage projects across the United States, backed by a 7 GW development pipeline. The team sets strategy for and oversees contract compliance, tax equity and investor relations, financial management and reporting, operational performance, regulatory compliance, and the transition of new projects from construction to operations. The Director will build and lead a high-performing team of Asset Managers, a Regulatory Compliance Manager, and an Asset Integration Manager; work closely with internal teams (Development, M&A, Engineering, Construction, Legal, Finance, Tax, and O&M); build trusted relationships with offtakers, investors, and lenders; and mentor staff.

Core Responsibilities

Commercial and Financial

Lead tax equity management where applicable: manage relationships with tax equity investors, administer partnership and operating agreements, track cash distributions and allocations, prepare investor reporting, and manage consents, notices, and other investor approvals
Monitor investment tax credit (ITC) compliance, including recapture risk and flip timing, with Finance, Tax, and Legal, and support flips, buyouts, and other tax equity milestones
Lead the team that serves as the primary contact for offtakers, tax equity investors, lenders, and other financing parties, and make sure their questions are answered accurately and on time
Own project-level operating budgets built on prudent assumptions for revenue, operating expenses, and capital expenditures, and run the monthly, quarterly, and annual budget-to-actual reconciliation process
Deliver monthly operating reports and other financial and performance reporting to leadership, owners, and financing parties
Understand project revenue across energy, capacity, and ancillary markets, including BESS dispatch and settlement, and work with Power Marketing to protect and grow it
Review and negotiate asset management, O&M, LTSA, and other commercial contracts
Lead the resolution of commercial issues and disputes with counterparties, escalating to Legal as needed
Lead asset management due diligence for acquisitions and divestitures, and provide analysis for refinancing and asset improvement decisions

Compliance

Oversee compliance with project agreements, including offtake agreements (PPAs and vPPAs), interconnection agreements, financing documents, leases and lease payments, and permits; keep obligation trackers current and make sure deliverables are met on time
Manage REC and environmental attribute delivery: register projects in the tracking systems (such as WREGIS, M-RETS, PJM-GATS, and ERCOT), oversee monthly issuance, transfers, and retirements under PPAs and vPPAs, and reconcile REC volumes against generation and contract obligations
Direct regulatory compliance, including FERC, RTO/ISO, and NERC CIP Low obligations, and lead the team's response to regulatory, policy, or market changes that affect project economics
Track permit conditions and decommissioning obligations, including related financial assurance, with Development and Finance

Operational Performance

Understand how each project is performing against budget and contract expectations (production, availability, and revenue), identify the drivers of underperformance, and work with the O&M teams on corrective action
Track curtailment and pursue compensation where contracts allow
Enforce performance and availability guarantees in O&M agreements and LTSAs, including tracking and recovering liquidated damages
Work with the O&M Services and O&M Performance and Optimization teams on warranty claims, insurance claims, and revenue recovery, and with Technology on OT issues that affect performance
Oversee the transition of new projects from construction to operations, including pre-COD revenue readiness, handoff of contracts and obligations, and build quality at COD

Team and Innovation

Set the vision for how Asset Management scales without adding headcount at the same pace as the portfolio; identify manual work in compliance tracking, reporting, budgeting, and investor deliverables, and lead the design and rollout of automated processes and AI tools to replace it
Support corporate initiatives to strengthen enterprise-wide processes and systems
Coach and develop staff, give timely and constructive feedback, and cross-train the team so key knowledge and responsibilities are not held by one person

Qualifications and Experience

Bachelor’s degree in Engineering, Finance, Business, Economics, or related field. Master’s degree a plus
10+ years of energy industry experience, including asset management of utility-scale renewable energy projects
Direct experience managing tax equity partnerships, including partnership flip structures, investor reporting, cash distributions, and ITC compliance
Solid working knowledge of project finance documents, offtake agreements (including REC delivery), and project financial models
Strong 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
5+ years leading and developing high-performing teams, with a track record of improving processes and systems to support portfolio growth
Track record of designing and implementing automated workflows, data systems, or AI tools that measurably improved a team’s capacity or accuracy
Comfort working hands-on with data and modern tools (for example, Excel/Power Query, Power BI, Python, or AI assistants), and the curiosity to keep learning new ones
Experience with power performance analytics platforms; Power Factors a plus
Clear, confident communicator with investors, lenders, and senior leadership
Self-directed and effective working remotely with a distributed team

Benefits Package