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Geronimo Power, LLC

Senior Manager, Asset Management

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What they do

An Investment Fund Manager plans, directs, or coordinates investment strategy or operations for a large pool of liquid assets supplied by institutional investors or individual investors.

$152,308 / year median in Indiana

+9% projected growth

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Job Description

Geronimo Power (formerly National Grid Renewables) develops, owns and operates large-scale power assets throughout America's Heartland, including solar, wind and energy storage. As a farmer-founded and community-focused business, Geronimo Power equips landowners and rural communities with sustainable revenue to ignite local economic growth. Geronimo Power is a portfolio company managed by Brookfield Asset Management. To learn more about Geronimo Power, visit geronimopower.com or follow the company on LinkedIn.
Duties P&L Management:
  • Oversee the team's management of the profit and loss and cash position for all generating assets within the assigned portfolio.
  • Ensure the team reviews monthly operational performance and financial variance reports, investigating and addressing any budget discrepancies.
  • Guide the team in analyzing gross margin performance and collaborating with internal teams to explain variances and develop strategies to maximize value.
  • Direct the team in developing annual project budgets and updating monthly accrual and cash forecasts and financial models as needed.
  • Coordinate with internal teams to manage plant optimization, warranty claims, insurance claims, and revenue optimization and recovery efforts.
  • Support the team in initiating and supporting major projects, divestitures, capital investments, refinancing, and revenue enhancement proposals.
Commercial Management, Compliance, & Reporting:
  • Build and document process standards for which Asset Manager's work within.
  • Ensure the team successfully administers all project obligations and interests under project agreements and resolves any contractual issues with counterparties.
  • Oversee the team's management of general business-related licenses, permits, regulatory requirements, reporting, and transactions with regional authorities, banks, governing bodies, and other external parties.
  • Foster trusted relationships with customers, partners, joint asset owners, ISOs, and regulatory agencies.
  • Guide the team in handling commercial issues and associated strategies for resolution with counterparties, including mediation or litigation.
  • Support the team in negotiating or amending contracts to improve asset performance and mitigate risk.
  • Ensure the team manages monthly lost output and guaranteed energy production status per applicable offtake requirements.
  • Direct the team in preparing reports and presentations for project stakeholders as required.
Operational Management:
  • Oversee the team's management of third-party Operations & Maintenance (O&M) providers, ensuring adherence to O&M agreements.
  • Support the team in identifying and optimizing spare parts strategy for major components.
  • Establish Asset Management teams processes and procedures
Qualifications:
  • Demonstrated ability to build and lead teams that consistently achieve high performance.
  • Bachelor's or equivalent undergraduate degree with concentration in Finance, Accounting, Economics, Business, Physics and/or Engineering
  • 5+ years of successful U.S. energy industry experience in Asset Management or a related field
  • Familiarity with energy financing structures required
  • Excellent project management skills coupled with organization, flexibility, and strong attention to detail
  • Strong interpersonal skills, including the ability to establish effective working relationships and articulate issues and subject matter to process owners while being a team player
  • Ability to lead a diverse team of professionals
  • Ability to meet and communicate effectively with various Customers, off-takers, and Investors.
  • Strong ability to review and analyze financial and technical data
  • Strong understanding of project finance, legal contracts, accounting, and contract negotiations.
  • Proficient computer skills to enable electronic management of contracts and terms.
  • Ability to multi-task, prioritize and manage time effectively.
  • Proficiency with Microsoft Office products including Excel, PowerPoint, and Word.
Pay Range for the posted level: $125,000-175,000.00 We offer a comprehensive benefit package, including Medical, Dental, 401K