Senior Asset Manager

Do you want to work with high caliber professionals in a dynamic and growing company? Are you entrepreneurial, hard-working, and collegial? Are you committed to advancing the clean energy revolution? Join us at SB Energy, a leading company backed by SoftBank and Ares pairing cutting-edge innovation with best-in-class execution. Our Mission is to provide flexible renewable energy at scale, accelerating the global energy transition and benefiting our planet, customers, communities, and people.

SB Energy develops, constructs, and owns & operates some of the largest and most technically advanced renewable projects across the United States, with headquarters in Redwood City, CA. The company was launched in 2019 and has quickly become one of the largest solar and storage developer/IPPs in the U.S. With almost 3 gigawatts (GW) of renewable energy projects in operation or under construction and a multi-GW pipeline, SB Energy is building the renewable energy future – today. SB Energy also utilizes its strong culture of innovation to identify and incorporate new technology into our projects, including our AI-based digital platform, to deliver renewable energy that is local, reliable, and matched to load.

Come join us in accelerating the energy transition to cleaner, more sustainable sources of power!

Title : Senior Asset Manager

Basic Function

The Asset Manager will manage operating utility scale solar and storage projects across the United States to ensure optimal financial performance of the company’s portfolio. This includes the fiscal well-being of the assigned projects and continuous evaluation of improved economics. Responsibilities will include financial modeling, contract management, project reporting and coordination of financial, commercial, and administrative tasks with internal groups such as Capital Markets, Finance, Operations, Development, Engineering, and Transmission Analytics. It also encompasses internal and investor reporting. The Asset Manager reports directly to the Director of Asset Management.

Duties And Responsibilities

• Responsible for project P&L and ensuring projects are performing at or above forecast.
• Manage tax equity and debt models after projects go into operations.
• Develop & manage project annual budgets and oversee actual to budget reports.
• Coordinate with accounting to ensure accuracy of billing and revenue and expense allocations.
• Ensure project companies and affiliates are operating per equity and debt financing documents.
• Own the project cash flow analyses and distribution waterfall calculations with support from Finance.
• Ownership of investor reports and resolve any issues or questions.
• Review financial (quarterly and annual) statements and review Annual Tax Returns prepared by accounting team.
• Review performance reports, investigate issues and create initiatives to improve financial and operational performance of the projects.
• Manage all project contracts to ensure compliance and assist in setting up systems and processes to standardize contract management and reporting including implementation of contract obligations into Asset Management software.
• Coordinate with legal and contracts team on contract amendments as needed.
• Develop and manage smooth handover process from development, finance and construction teams to Asset Management.
• Collaborate with internal teams and external partners to identify revenue increasing and risk mitigation opportunities.
• Manage relationships with project stakeholders including offtakers, landowners, ISOs, regulatory entities and financing parties.
• Manage and resolve contractual, regulatory, and commercial issues as they arise.
• Review settlements statements and approve revenue invoices. Coordinate with relevant counterparties on disputes as necessary.
• Assist in acquisition due diligence including identifying operational risks, costs and opportunities for improvements.

Job Qualifications

• Bachelor’s Degree in business, finance, accounting, economics or related field
• Minium 5 years of experience working at a leading sponsor, investor/lender, or advisor in power.
• Minimum of 8 years of experience in the energy industry. Utility-scale renewable energy experience preferred.
• Experience creating and consolidating financial models
• Advanced degree or additional certifications such as PMP, MBA is desired
• Knowledge of the energy and renewable energy market, and the ability to stay current with changing technologies, regulations, and trends influencing the continued adoption of renewable energy
• Commercial mindset, strong prioritization, communication, and organizational skills
• Strong understanding of project finance, legal contracts, accounting, and contract negotiations
• Experience with Asset Management software tools
• Experience with standard financial metrics and analyses (IRR, ROI, NPV, and DCF models)
• Strong learning skills with aptitude to independently research, understand, and implement knowledge in new areas
• Proficiency with Microsoft suite; Word, Excel, Project, Outlook, and PowerPoint
• Ability to travel as needed

Location: San Francisco Bay Area; San Diego, CA; Denver, CO; preferred but not required. Open to remote work.

Base Pay – $150,000 – $170,000

Actual compensation packages are based on several factors that are unique to each candidate, such as skill set, experience, certifications, specific work location, and other non-discriminatory factors permitted by law. Base pay may vary per location due to differences in the cost of living.

The total compensation package for this position may also include an annual discretionary bonus, full Health & Wellness Benefits package, generous Long Term Incentive plan designed with our partnership mentality in mind, and other applicable incentive perks as outlined in any formal offer made. The final compensation package will be discussed with the candidate during the final stages of the hiring process.

Our Health & Wellness Benefits

SB Energy’s Benefits programs are designed to support our team members and their families while keeping their well-being, happiness, and varying needs in mind. SB Energy employees may enroll in our benefits programs and take advantage of customized perks and offerings, including those designed to support families, however defined. We offer the following benefits to all team members:

• Comprehensive Medical, Dental, and Vision insurance: 100% premium covered by the company, for employees and dependents
• Long-Term Disability (LTD), Life Insurance, AD&D and Voluntary Legal Insurance Plan
• Competitive Retirement Benefits with 401(k) company match
• Generous Paid Time Off and 11 Paid Company Holidays
• Flexible working arrangements
• 12 weeks fully paid Parental Leave
• Flexible Spending Account (FSA) – Medical & Dependent FSA; Transit & Commuter FSA with employer contributions
• Mental Health Wellness Offerings
• Discounted Physical Wellness plan & Pet Insurance
• Monthly reimbursement for Phone/Internet/Data
• Phone Equipment Purchase Benefits
• Thoughtful Hybrid Workplace Set-up Benefits

Promote Sustainability with a Purpose – At SB Energy, you may choose to become a part of our ‘Just Renewables’ Committee and work along with team members who share a belief in pursuing our mission in such a way that empowers a diverse and inclusive workforce that advances social justice and equity for our employees as well as partners and communities!

SB Energy is committed to increasing the diversity of its workforce and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, gender, national origin, age, disability, veteran status, marital status, pregnancy, sex, gender expression or identity, sexual orientation, citizenship, or any other legally protected class. SB Energy strives to create an inclusive culture and safe environment for all.

To learn more about us, visit www.sbenergy.com.