ASSOCIATE DIRECTOR OF ASSET MANAGEMENT

Houston, TX, United States

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

Follow continuous improvement and Lean initiatives across the performance of the fleet by facilitating solutions with input from Engineering, Operations, Performance Analysis, and other internal teams

Provide updates to, and seek approval from, the Executive Committee as required based on business activities and special projects

Ensure that the appropriate asset management processes and tasks are in place in order to improve overall facility performance and limit risk exposure

Track the construction-to-operations turnover process, ensuring that all obligations are met and that the assets will be able to perform at high levels at COD

Ensure a smooth transition from development to operations by aligning teams and resources

Follow regulatory and compliance requirements of the operational assets

Additional duties as required

Role Overview:

Manages EDPR NA's projects in the late development and operational phases as the asset owner, providing financial and commercial oversight and ensuring that all commercial, legal, and operational obligations are met. Develops market knowledge in order to enhance asset performance critical to the overall success of the company. Ensures the management framework developed by the asset management team is implemented consistently across the company's projects.

Main responsibilities: Financial Oversight Ensure plans are in place for all P&L - related activities

Drive the development of project-level annual budgets and longer-term business plans

Identify the drivers of variations between operational performance and the budget

Develop strategies and plans to close gaps between actuals and the budget

Ensure that annual financial estimates are updated on quarterly basis with in collaboration with Finance

Oversee ad hoc analyses of the historical and forward-looking performance of the assets

Ensure that reporting obligations to financing entities are met

Work with Finance and Accounting personnel to ensure that corporate reporting obligations are met in a timely manner

Commercial Oversight Oversee commercial activities by giving support to commercial deals including Power Purchase Agreements (PPAs), Renewable Energy Credit (REC) sales, and sales of ancillary services

Oversee the resolution of significant agreement issues (i.e., with potential impact greater than $500k) that arise from the operation of the project (e.g., equipment warranties, landowner agreements, PPAs, financing agreements, wind forecasting, tax agreements, interconnection agreements), negotiating when applicable liquidated damages and other settlements clauses

Support the development and implementation of financing agreements as needed

Interface with equity partners to ensure that issues are being resolved and that the asset is operating as intended

Ensure that commercial and governmental obligations are met within the major agreements (e.g., turbine supply, O&M, PPA, tax equity, landowner, and interconnect)

Oversee commercial relationships in order to manage high-level issues across the fleet operating projects

Perform all of the settlement-related matters of the operating assets, including OEMs, PPAs, and merchant assets

Identify and engage relevant staff to resolve issues when milestones are delinquent, or trigger event has occurred

Create and develop market knowledge in order to strategically manage commercial relationships

Communicate with various market balancing authorities as needed

Employment type

Full-Time

Work site

Houston, Texas - Hybrid

Minimum Requirements: Bachelor's degree in Finance, Engineering, or a related field; MBA strongly preferred

8 - 10+ years of relevant experience

Understanding of Microsoft products and/or complementing products preferred

Competency in Analytical Problem Solving, Strong Communication, Customer/Partner Relationships, and Technology Expertise preferred

Travel:

As needed, up to 25%

Behavioral Requirements: Strong written and verbal communication along with presentation skills

Strong organizational and high attention to detail

Strong statistical, 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 lead, delegate, and set goals and targets

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

Proven ability to learn new software programs; Strong problem-solving ability

Ability to be self-motivated

Physical demands & working conditions: Sitting/Standing/Flexibility: Ability to stand and sit for 8 or more hours when in an office environment

Walking: Ability to walk .5 to 2 miles per day, including across unpaved and rough surfaces when on project sites.

Speech/Reading: Ability to speak, read, and write English proficiently and deliver a variety of instructions furnished in written verbal, diagram, or scheduled form

Lifting: Ability to lift items weighing up to 10 pounds

Vision/Hearing: Ability to understand a variety of instructions furnished in written, verbal, diagram, or schedule form

Equal opportunities for all

Our vision is that each person combines their unique characteristics and experiences to fulfill our mission of creating new energy for the planet. We are an inclusive employer, ensuring all candidates are treated fairly throughout the recruitment process. We welcome and value all people, and we are committed to fostering a sense of belonging for each person who is part of the EDP group.

This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, training, and apprenticeship. EDP makes hiring decisions based solely on qualifications, merit, and business needs at the time. For further information, please review this notice from the Department of Labor: EEO is the Law poster (https://www.eeoc.gov/poster). You may have additional rights pursuant to recent amendments to federal labor laws. Please review these protections from the EEO is the Law Supplement (https://www.eeoc.gov).

Need more reasons to apply?

As a top employer we: Empower our employees through a positive and innovative work environment that promotes collaboration and agile decision-making;

Respect and value each person, providing a flexible, healthy, and inclusive workplace with a range of attractive benefits;

Provide a meaningful work experience and prepare our people for future challenges through different opportunities for development and internal mobility;

Our efforts have resulted in several distinctions over time, highlighting the EDP group's strong positioning and its dedication and commitment to attracting and retaining the best talent: Top employer certification by Top Employers Institute

Part of the Bloomberg Gender-Equality Index

Global certification as a family-responsible company by Fundacin Msfamlia

Top 100 Workplaces by Houston Chronicle

Discover our tips to enhance your performance during the recruitment process and apply until July 15th ,2024 if you think you are the right fit for this opportunity.