VP, Asset Management

What you will be doing at Generate Capital as the VP, Asset Management:

• Becoming an expert in the operations of each asset segment under your management, actively keeping abreast of current market trends, technological developments, and strategies employed by other owners to ensure that Generate Capital’s asset management program remains on the cutting edge.
• Owning and delivering on Generate’s KPIs for the operating portfolio, including EBITDA, CROE, and operational performance.
• Leading the identification and implementation of strategies for further optimization of assets, both operational and commercial, as well as strategies to mitigate risk.
• Driving organization and optimization of internal Generate processes to build on Generate’s best-in-class asset management program and enhance its scalability.
• Managing, developing, and retaining a team of high-performing mid-to-senior level professionals, including some who are also managing teams of their own.
• Specific responsibilities of the team that you will lead include:
• Overall P&L ownership of the operating portfolio, actively managing all activities necessary to ensure that all investments meet or exceed targeted returns.
• Contract management and compliance
• Risk management
• Working with development partners to implement long-term plans for maximizing the performance of the portfolio.
• Developing, maintaining and presenting reporting on the progress of the portfolio, including communication with the investment team, other equity holders, the executive team, tax-advantage investors and leverage providers concerning deployment updates, operational health and financial targets relative to base-case models.
• Managing relationships with external financing parties.
• Managing short-term and long-term costs, producing in-depth variance analysis of results vs. base case, and producing highly accurate forecasting for asset P&Ls.
• Working closely with Accounting and FP&A to ensure the accuracy of asset financials and assisting with responses to audit requests.
• Onboarding new assets to the portfolio, including tranching, documentation, and ensuring that other internal stakeholders receive necessary information and deliverables.
• Identifying and maintaining relationships with key stakeholders and partners relevant to the portfolio, including but not limited to incentive program managers, customers, vendors, and financing counterparties, and managing disputes and other issues as needed.
• Tracking equipment and performance/availability warranties in a structured and scalable manner.
• Creating and running RFPs or otherwise sourcing appropriate vendors to serve the portfolio’s requirements, focusing on building relationships with best-in-class providers and formulating market-leading strategies and structures.
• Assisting in due diligence and formulation of operating assumptions for possible new additions to Generate’s portfolio and providing insights and recommendations for future underwriting based on lessons learned in the existing portfolio.
• Managing day-to-day relationships with customers/offtakers, including invoicing, collections, and issue resolution.
• Formulating and executing on commercial strategy, such as monetizing incentive credits, hedging, and participation in ancillary services markets.

Candidate qualifications & core characteristics:

• A demonstrated passion for, or commitment to, our mission
• 15+ years of relevant professional experience, with a minimum of 10 years of experience in a renewable power generation asset management/operations role.
• 5+ years’ experience leading a high-performing team of mid-level or more senior professionals, and willingness to go above and beyond to develop and engage your team.
• Extensive experience liaising with external financing parties
• Experience with asset sale/divestment processes
• Expert knowledge of project accounting, project finance, and other financial concepts relevant to renewable energy.
• Strong knowledge of common revenue streams and incentive programs for renewable assets, such as SRECs, SGIP, various capacity market products, and demand reduction. Some prior exposure to utility tariffs and merchant power markets required.
• Prior experience resolving commercial disputes
• Experience presenting to an executive audience.
• A four-year degree, preferably in accounting, finance, or engineering with an MBA preferred
• Experience in a growth company is preferable
• Unimpeachable integrity and glowing references
• Outstanding communication and interpersonal skills, including empathy, intuition, and listening as well as strong writing, editing, and basic design skills.
• High level of self-awareness and humility, with excitement about confronting uncomfortable situations or new challenges
• Intellectual agility, curiosity, and creativity; problem-solving is your default mode
• Entrepreneurial spirit: flexibility, comfort with risk, recognition that “perfect can be the enemy of the good”