DescriptionThe Sr. Asset Manager is responsible for supporting ongoing tax equity transactions by managing funded investments and handling consents, ownership transfers, budget reviews, contract amendments and managing distributions. The role is responsible for managing relationships with developers, investors and other parties in the tax equity investment process. This position will complete presentations, reports and analysis on current tax equity assets, including assisting with performance and variance analysis; prepare financial materials; analyze partnership contracts and identify financial impacts of business strategies. Position assists in conducting due diligence on potential acquisitions or dispositions, as necessary.
Responsibilities- Support ongoing tax equity work by managing the funded investments to handle consents, ownership transfers, budget reviews, amendments to contracts, approval of REC sales, reviewing financials & operations, managing distributions, reviewing cash step-ups and PAYGO payments, supporting the tax team in filing yearly project tax returns and assisting with deficit restoration obligation tracking and management.
- Conduct the analysis, evaluation and presentation of potential changes or modifications in tax equity and other renewable investments, including the tracking and reporting of the tax equity portfolio’s performance versus expectations at funding.
- Manage relationships with developers, investors and other parties in the tax equity investment process. Ensure the Sponsor is adhering to the partnership agreements, including providing timely, complete and accurate reports.
- Handle routine tax equity counterparty questions at various stages of the transactions.
- Compile, analyze, research and interpret data to prepare reports, corporate and asset acquisition analysis, forecast future trends and stay abreast of economic changes and industry topics.
- Perform additional responsibilities as requested or assigned.
Qualifications- Bachelor’s degree in finance, accounting, business administration or equivalent work experience. (Six years of related, progressive work experience would be needed for candidates applying for this position who do not possess a bachelor's degree.)
- Certification or advanced degree such as CPA, MBA or CFA beneficial.
- 7 or more years related work experience in reading and interpreting contracts, project management, and stakeholder relations & communication.
- Highly complex financial forecasting, financial modeling, tax equity, financial analysis and/or accounting with an emphasis in financial analysis helpful.
- Knowledge of Solar and Wind Energy project economics and related incentive systems helpful.
- Advanced accounting and financial skills with the ability to develop and interpret full financial statements, understand financial impacts of changes on cash flows and financial ratios, apply accounting principles to the preparation and analysis of financial statements and reports.
- Advanced research and analytical skills with understanding of quantitative analysis, financial analysis methods and tools and cash flow analysis.
- Advanced software skills in Microsoft Excel, Word and PowerPoint and ability to utilize advanced modeling techniques in order to automate model functionality.
- Ability to work with and gather information from subject matter experts such as working with the accounting team to project the income statement impact of a transaction.
- Effective analytical, problem-solving and decision-making skills to effectively monitor developments in forecasted and actual data, including recognizing patterns and/or outliers in data and events which may influence forecast results or assumptions; the ability to draw logical conclusions and make recommendations for action.
- Excellent oral and written communication skills. Ability to prioritize and handle multiple tasks and projects concurrently.
- Ability to maintain confidentiality of information.
- Employees must be able to perform the essential functions of the position, with or without an accommodation.
We celebrate diversity, equity and inclusion, and we are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or religious creed, age, national origin, ancestry, citizenship status (except as required by law), gender (including gender identity and expression), sex (including pregnancy), sexual orientation, genetic information, physical or mental disability, veteran or military status, familial or parental status, marital status or any other category protected by applicable local, state or U.S. federal law.
