Director, Thermal Asset Management

Invenergy, LLC; Chicago (IL); Hybrid; USD 175,000 - 227,000; Full time

Benefits offered by this job

Medical, dental and vision insurance

401k

Paid time off

Job summary

Invenergy, LLC in Chicago seeks a Director of Thermal Asset Management to maximize asset profitability. You will lead a team of asset managers, oversee a portfolio of thermal assets, and coordinate with Portfolio Finance on budgets, forecasts, and cash flow models.

You will ensure contract compliance and drive value through strategic opportunities. The role requires a strong background in finance, 10+ years in related fields, and excellent communication.

Qualifications

• Bachelor's degree in a quantitative discipline and coursework in Finance or Accounting.
• 10+ years of experience in finance, FP&A, asset management, or related fields.
• Exceptional analytical skills and proficiency in Excel.
• Experience writing, negotiating, and managing contracts.
• Experience creating and managing budgets and performing financial modeling.

Responsibilities

• Lead, develop, and coach a team of asset managers.
• Manage a portfolio of thermal assets and oversee assets via direct reports.
• Manage lender relationships with Portfolio Finance for thermal projects.
• Prepare annual budgets, financial forecasts, and cash flow models.
• Develop long-term asset planning strategy to optimize economics and performance.

Skills

Analytical skills

Strong communication

Financial modeling

Budgeting

Education

Bachelor's degree in quantitative field

Tools

Excel

Word

Outlook

Job description

Invenergy is North America’s largest privately held developer, owner, and operator of power infrastructure. With 25 years of trusted execution, we deliver reliable, affordable energy through a diverse portfolio that includes natural gas, solar, land-based wind, energy storage, transmission, and domestic manufacturing. Headquartered in Chicago, we develop, own, and operate large scale projects that power communities and support the energy future. Invenergy follows a hybrid schedule, working in office Monday through Thursday and remotely on Fridays if work permits. This position will be open for application for at least 3 calendar days from the posting date. This position will remain open for application based on business need, which may be before or after the 3-day posting window.

Job Description Position Overview

The Director, Thermal Asset Management is responsible for a wide range of activities all directed toward the same goal: maximizing the profitability of the assets. As Director, you will work closely with external stakeholders and cross-functionally with many other internal teams, including Portfolio Finance, Accounting, Performance Engineering, Government and Regulatory Affairs, Commercial, and Operations and Maintenance teams.

Responsibilities

Lead, develop, and coach a team of asset managers, fostering a culture of collaboration, ownership, and continuous improvement. Manage a portfolio of thermal assets, providing leadership, guidance, and oversight for assets managed by direct reports. Manage lender relationships for thermal projects in conjunction with the Portfolio Finance team. Prepare annual project budgets and financial forecasts and cash flow models. Perform variance analysis of project performance and operational efficiency. Ensure compliance with all project contractual documents, including long term power purchase agreements, power price hedges, and large generator interconnection agreements. Procure parts, materials, and services and support resolution of technical issues. Manage stakeholder relationships with local, county, and state authorities. With Government and Regulatory Affairs, participate in legislative and regulatory processes to preserve and create value. Negotiate contractual agreements with vendors and service providers for operational assets in order to minimize total operating cost. Assist in ongoing development efforts for thermal projects. Seek and execute opportunities to increase the value of the asset. Provide input to and review asset bidding and scheduling and support development of commercial contracts. Develop long term asset planning strategy to optimize economics and performance of assets over entire life-cycle.

Required Skills

Bachelor's Degree in a quantitative discipline (e.g., Engineering, Mathematics, Economics) and coursework in Finance or Accounting. 10+ years of experience in a similar function and industry, including but not limited to finance, accounting, FP&A, commercial management, project management, and consulting in industries such as energy, utilities, construction, manufacturing and real estate required. Exceptional analytical skills and demonstrated proficiency in Excel. Experience writing, negotiating, and managing contracts. Experience creating and managing budgets and performing financial modeling. Strong verbal and written communication skills. Proficiency with Microsoft Office including Outlook, Excel, and Word. Some travel required.

• Base Pay 175,000.00 - 227,000.00 USD
• Annual Bonus: 25% - 40%

Invenergy offers a variety of other benefits including medical, dental and vision insurance, 401k, paid time off, etc.

Invenergy LLC is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other terms, race, color, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, or disability.

Invenergy is North America’s largest privately held developer, owner, and operator of power infrastructure. With 25 years of trusted execution, we deliver reliable, affordable energy through a diverse portfolio that includes natural gas, solar, land-based wind, energy storage, transmission, and domestic manufacturing. Headquartered in Chicago, we develop, own, and operate large scale projects that power communities and support the energy future.