Director, Thermal Asset Management

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

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401k benefits

Paid time off

Job summary

Invenergy is seeking a Director, Thermal Asset Management to maximize asset profitability. You will lead a team of asset managers, guide budgets and forecasts, and manage lender relationships in coordination with Portfolio Finance.

The role requires deep financial modeling, contract management, and cross-functional collaboration. You will work with internal teams including Finance, Operations, and Regulatory Affairs to optimize assets and drive value across the life cycle, with a hybrid schedule

Qualifications

• Bachelor’s Degree in a quantitative discipline with coursework in Finance or Accounting.
• 10+ years of experience in finance, accounting, FP&A, or related roles in energy/utilities/real estate sectors.
• Demonstrated proficiency in Excel and financial modeling.
• Experience writing, negotiating, and managing contracts.
• Strong budgeting and variance analysis experience.
• Excellent verbal and written communication skills.
• Proficiency with Outlook, Excel, and Word.

Responsibilities

• Lead, develop, and coach a team of asset managers, fostering collaboration and continuous improvement.
• Manage a portfolio of thermal assets and oversee assets managed by direct reports.
• Oversee lender relationships in coordination with Portfolio Finance.
• Prepare annual budgets, financial forecasts, and cash flow models.
• Perform variance analysis of project performance and efficiency.
• Ensure compliance with project contracts including PPAs, hedges, and interconnection agreements.
• Procure parts, materials, and services; resolve technical issues.
• Manage relationships with local, county, and state authorities; engage Government and Regulatory Affairs as needed.
• Negotiate contracts with vendors to minimize operating costs.
• Contribute to ongoing development of thermal projects and seek value opportunities.
• Support asset bidding, scheduling, and development of commercial contracts.
• Develop long-term asset planning to optimize economics and performance across life-cycle.

Skills

Analytical skills

Excel proficiency

Contract management

Budgeting & financial modeling

Verbal & written communication

Microsoft Office (Outlook, Word)

Travel readiness

Education

Bachelor’s degree in Engineering/Math/Economics with Finance/Accounting coursework

Tools

Microsoft Office

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%

The base pay range reflects the minimum and maximum target salary for the position. Invenergy considers a number of factors when determining base pay offers such as the scope and responsibilities of the position and the candidate’s experience, education and skills.

In addition to base pay, the total annual compensation package may also include eligibility to participate in our bonus program(s) which are designed to reward individual and company performance. Your recruiter can share more about bonus eligibility for this position during the hiring process.

• 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 things, race, color, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, or disability.