Vice President (VP) of Asset Management
About the Company:
My client is a leading developer and operator of renewable energy projects, specializing in solar and energy storage systems. They are committed to providing innovative, sustainable energy solutions that empower businesses and communities while driving the transition to a cleaner, greener future.
Job Summary:
The Vice President (VP) of Asset Management will be responsible for overseeing the operational performance, optimization, and long-term strategy of the company's renewable energy assets, including solar, storage, and other energy infrastructure projects. The VP will lead the Asset Management team in managing a growing portfolio of renewable energy assets, ensuring financial and operational efficiency, and maximizing value for stakeholders. This senior leadership role will require a combination of strategic thinking, operational expertise, and financial acumen.
Key Responsibilities:
Leadership and Strategy:
- Lead and manage the Asset Management team to optimize the financial and operational performance of the renewable energy portfolio.
- Develop and implement long-term asset management strategies to drive value creation and ensure the portfolio meets financial, operational, and sustainability goals.
- Partner with senior leadership to align asset management strategies with the company's overall vision, financial targets, and growth objectives.
Asset Performance and Optimization:
- Oversee and improve the operational performance of renewable energy projects, ensuring maximum availability, efficiency, and reliability.
- Manage the performance of assets in accordance with operational agreements and service contracts, including monitoring and troubleshooting issues related to equipment, energy production, and efficiency.
- Analyze and evaluate asset performance data and implement corrective actions where necessary to ensure optimal operations.
Financial Oversight:
- Develop and manage asset-level budgets, performance reports, and forecasts to ensure financial performance meets or exceeds expectations.
- Collaborate with the finance team to assess asset valuations, return on investment (ROI), and portfolio performance.
- Monitor key performance indicators (KPIs) and other financial metrics to guide operational and financial decision-making.
Risk Management and Compliance:
- Identify and mitigate risks associated with renewable energy assets, including regulatory, technical, financial, and operational risks.
- Ensure all assets comply with applicable local, state, and federal regulations, including environmental, safety, and permitting requirements.
- Lead efforts related to asset risk management and implement plans to address challenges related to asset longevity, performance, and regulatory changes.
Stakeholder Engagement:
- Foster relationships with external stakeholders, including investors, regulatory bodies, contractors, service providers, and other partners.
- Support capital raising activities and the negotiation of asset financing, as required.
- Lead and contribute to investor presentations and reports to communicate asset performance and future projections.
Team Development:
- Hire, develop, and mentor the Asset Management team to build a high-performing and results-oriented group.
- Establish clear objectives for team members and ensure alignment with company-wide goals.
- Promote a culture of continuous learning, innovation, and excellence in asset management.
Qualifications:
Education:
- Bachelor's degree in Engineering, Business Administration, Finance, or a related field. An MBA or advanced degree is a plus.
Experience:
- Minimum of 10 years of experience in asset management, operations, or a related field within the renewable energy sector, with at least 5 years in a leadership role.
- Proven experience managing a portfolio of renewable energy assets, preferably in solar or energy storage.
- Strong financial background with expertise in budgeting, forecasting, and financial analysis related to energy assets.
Skills:
- In-depth knowledge of renewable energy technologies, including solar PV, storage systems, and grid integration.
- Strong analytical and problem-solving skills, with the ability to analyze complex data and make informed decisions.
- Excellent leadership, communication, and interpersonal skills, with the ability to manage and inspire a team.
- Expertise in risk management and regulatory compliance in the renewable energy industry.
- Ability to work collaboratively with cross-functional teams and senior leadership.
Key Competencies:
- Strategic thinking and vision for the growth of renewable energy portfolios
- Strong financial and operational acumen
- Problem-solving and decision-making ability
- Excellent communication skills (written and verbal)
- Leadership and team management
- Adaptability in a fast-changing industry
