Asset Manager

Adapture Renewables • Oakland, California • 1m ago

Opportunity

Adapture Renewables, Inc. is on a mission to be a leader in this new era of sustainable energy. Drawing upon an extensive knowledge base, we develop, finance, engineer, build, own, and operate high quality utility-scale photovoltaic projects and battery energy storage projects. Our Asset Management team is looking for a talented Asset Manager to help support the efforts of our fast-growing company. Adapture Renewables is 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 will work in our Asset Management team and play a vital role in overseeing the financial and commercial obligations of Adapture Renewables’ portfolio of assets across the U.S., ensuring financial covenants are fulfilled and contractual commitments are met. This person will coordinate closely with the Project Finance and Accounting teams and will be a primary interface between the Asset Management team and its project financing partners, PPA offtakers, and other counterparties. The Asset Manager is key in directing and maintaining the balance between corporate and project entity interests, so a high degree of intuition and reasoned judgment is essential. The candidate may be based remotely in the U.S., with periodic travel to our Bay Area home office and other company locations.

Core Responsibilities

Track PPA obligations and work cross-functionally to ensure compliance
Document the timely completion of all compliance obligations in Adapture Renewables’ asset management platform
Work closely with Development/Business Development, Project Management & Engineering, and Project Finance teams to successfully onboard new assets and capture all obligations in tracking system
Maintain and refine, as needed, the existing Budget Forecast tracking models for Adapture Renewables’ financed portfolios
With assistance from Project Finance, lead the creation of accurate budget tracking processes and models as new portfolios are added and financing structures are adopted
Prepare and submit scheduled and unscheduled draw/transfer requests in accordance with the finance documents
Work with Project Finance, Legal, and Accounting to ensure finance document covenants are fulfilled in a timely and accurate fashion by sourcing and submitting operating reports, financials, officer’s certificates, and any necessary consents or waivers
Communicate with Adapture Renewables’ commercial and finance partners to field inquiries and requests
Work with the Accounting team to ensure revenue is received and expenses are paid in accordance with contract terms
Assist Tax Accounting on both the initial and ongoing annual property tax filings
Contribute to the continued improvement of Asset Management policies and procedures with the aim of efficiency, timeliness, and accuracy
Generate periodic financial performance assessments of operating portfolios as requested by senior management
Communicate closely with the O&M and Finance departments to bring substantive issues to light that may require focused attention or supplemental reporting
Manage relationships with key stakeholders and serve the point as of contact for project customers and landowners
Manage contractual REC obligations and relationships
Prepare recurring and ad hoc reporting for financing partners, including distribution waterfalls for investors and lease payments to banks
Assist Accounting team with the preparation of annual financial audits as needed

Qualifications and Experience

Minimum of 3 years of prior renewable energy asset management experience with an emphasis on financial and regulatory compliance
Excellent working knowledge of Excel, Outlook, Word and a thorough understanding of current renewable energy finance structures
Experience in the transition of renewable energy projects from construction to long-term financing under various finance structures is a plus
Ability to communicate effectively with financial partners, regulatory agencies, regional utilities, and corporate energy buyers
Deep understanding of operating contracts, with a strong ability to identify and interpret relevant clauses as needed
Excellent written and verbal communication skills required
An ability to adapt to fluctuating workloads is important

Benefits Package