Asset Management Senior Associate
EDP · New York City
- Asset Management Senior Associate
- Country/Region: US
- City: New York, NY
- Business Platform: Client Solutions
EDP Renewables is a global leader in the renewable energy sector and currently operates in more than 25 markets. With eight offices and several sites, at EDP Renewables North America, we are experienced developers and operators of renewable energy. Our portfolio includes wind farms, solar parks, energy storage projects, and green hydrogen solutions throughout the continent. We are ranked among the top 5 in the U.S. in operational renewable energy capacity.
Our company is part of EDP, a global energy group present in around 30 markets with a particular emphasis on renewable energies. With more than 45 years of experience, we have been consolidating a relevant presence on the world energy scene based on the commitment to be all-green by 2030, leading the energy transition. With more than 13,000 employees around the world, we are committed to using our energy and heart to drive a better tomorrow.
- What you will do
- Role Overview:
The Asset Management Senior Associate will support the commercial oversight for operating assets in the assigned region (between 800 and 2000 MW) and ensure all commercial and governmental obligations are met. You will plan and track asset budgets, develop market knowledge and oversee performance. Additional responsibilities will include supporting the management of commercial relationship with turbine OEMs and O&M service providers and ensuring that the operations strategy and management framework developed by the Asset Management team is implemented consistently across assigned projects.
Main responsibilities:
Oversee project profit & loss (P&L) activities for assigned assets, identify gaps and provide recommendations to address
Support the development of project-level annual budgets and creation of longer-term business plans in collaboration with other Asset Operations groups
Performs budget analyses (such as variance report and reforecast) for the assigned assets and provide explanations regarding financial and operation performance of assigned assets. Update operational financial estimates on an on-going basis in collaboration with Operations and Finance
Facilitate Service Agreements and support execution of contracts by working with Procurement and Legal
Interface with Operations, Performance Management, turbine original equipment manufacturers, and service providers on routine operational issues and on initiatives in an effort to increase operational and financial performance and reduce risk exposure
Support commercial effort towards resolution of significant agreement issues that stem from the operation of the project (e.g., equipment warranties, O&M disputes and performance metrics, landowner agreements, PPAs, interconnection agreements, and others)
Lead and participate in cross functional teams to resolve material issues affecting operational projects
Drive initiatives across the portfolio in an effort to improve fleet performance by facilitating solutions with input from other groups in the company; track execution of solutions
Perform ad-hoc analyses of the historical and forward-looking performance of the asset. Support Performance Management in creation of business cases to management
Track and manage obligations and activities to ensure commercial and governmental obligations are met by tracking key milestones within the major agreements (e.g., turbine supply, O&M, PPA, tax equity, landowner, and interconnection)
Contribute in developing and refining operational strategies
Work with other Asset Management staff and accounting personnel to ensure reporting obligations are met in a timely manner
Track and manage obligations and activities related to bringing new projects from construction into operations, including PPA, LGIA, ISO and other requirements)
Meet reporting obligations to financing entities by providing necessary commentary and reports as required under the company’s financing obligations. Interface with Portfolio Management on matters impacting the performance of the assigned assets
Create and develop market knowledge
Communicate with various market balancing authorities as needed
Notify relevant staff and help to resolve issues when milestones are delinquent, or a trigger event has occurred
Collaborate with other staff to ensure that proper asset management processes and tasks are in place in order to improve overall facility performance and limit risk exposure
Additional duties as required
- Employment type
- Work site
- What are we looking for
- Minimum Requirements:
- Bachelor’s degree in Business, Economics, Engineering, or a related field; MBA strongly preferred
- 5+ years of relevant experience
- Proficient knowledge of Microsoft Office software and database development and management
- Travel:
None
- Behavioral Requirements:
- Strong written and verbal communication along with presentation skills
- Strong organizational skills and high attention to detail
- Strong quantitative and analytical skills including use of PC software such as Excel to perform analyses
- Demonstrate ability to lead cross-functional, multi-departmental teams
- Self-motivated and able to work effectively with minimal direction in both structured and unstructured work environments
- Ability to maintain and enhance customer relationships
- Ability to lead and support complex negotiations
- Ability to multi-task and prioritize effectively in a fast-paced, dynamic environment
- Ability to foster and help create a collaborative working environment
- Physical demands & working conditions:
- Sitting/Standing/Flexibility: Ability to stand and sit for 8 or more hours when in an office environment
- Speech/Reading: Ability to speak, read, and write English proficiently and deliver a variety of instructions furnished in written, verbal, diagram, or schedule form
- Lifting: Abi