THE COMPANY

Onward Energy is an independent power platform that owns and operates over 6,000 MW of utility-scale wind, solar and natural gas generation projects across the U.S. Our Vision is to reliably power a sustainable future. Our Mission, as North America’s premier independent power generator, is to deliver renewable and reliable power to our customers, opportunities to our associates, sustainable returns to the families who invest in us and a better world to the next generation. Based in New York, Denver, and Charlotte, Onward Energy is a company where people and power are always on. We are where renewable meets reliable. See www.onwardenergy.com for more information.

THE CHALLENGE

Responsible for managing interests in power plant assets including power purchase contracts, commercial improvements and value-added special projects. The Director, Asset Management will be active in the commercialization of assets following power purchase contract expirations. This successful candidate will assist in the identification, planning and implementation of projects that enhance asset value that will span the range of commercial, engineering and operating solutions. Reports to the Vice President, Asset Management and Commercial Operations.

• Support the achievement of investment objectives for assigned assets or portfolios of assets.
• Participate in or lead various initiatives that either improve existing processes or add value to the investment case for assigned assets.
• Maintain relationships with commercial counterparties to protect investor’s interests in assets, quickly and efficiently resolving differences or disputes as they may arise.
• Contribute to commercial origination efforts for assigned assets that maintain or improve overall Net Asset Values for power investments.
• Coordinate with third-party marketers for periods of merchant operations to understand plant performance and evaluate marketer execution.
• Assist with operations and continual improvement efforts that result in either one-time or recurring positive cash flow through coordination with Plant Managers and plant personnel.
• Develop cost/benefit analyses for plant capital and facility proposals for improved efficiencies. Participate in the implementation of the plan.
• Perform analyses in coordination with operators and engineers to recommend work to be performed, as well as for repair, refurbish, replace, retire, or run-to-failure recommendations to management.
• Assist with engineering improvement projects that either improve plant efficiency/longevity or resolve technical plant dilemmas.
• Support regulatory or legislative solutions as part of asset optimization projects in coordination with trade groups and both in-house and outside counsel.
• Support regulatory reporting and compliance efforts, as needed.
• Assist in the diligence, acquisition and integration of new investments that the company makes.

THE PROFILE TO SUCCEED

Degree in business, engineering or related discipline preferred, or 7+ years of experience with natural gas-fired and renewable power generation assets is required. Experience with a variety of US electricity markets is required. Experience with financial tools and principles such as a cost/benefit analysis, accounting standards, budgeting and financial modeling are required. Project management experience is preferred.

• Solid understanding of fundamental power plant and renewable energy concepts and operations.
• Familiarity with various commercial structures in the power sector including power purchase agreements, tolls, various hedging structures and long/open merchant positions.
• Familiarity with project finance and capital structures with multiple underlying project financings.
• Experience building or working with various spreadsheet-based models for engineering, operating, financing or M&A purposes.
• Ability to think critically, analyze complex problems with no clear solutions, exercise good judgment, defend conclusions before senior management and make sound decisions.
• Ability to obtain and apply knowledge of competitive business practices in daily work activities and decision making.
• Ability to interact and communicate well with individuals in all areas of the Company and outside vendors.
• Competency with process improvement, relationship building, written and verbal communication, and critical thinking.
• Maintain the highest standards of conduct and integrity in all dealings inside and outside the organization.
• Ability to professionally handle highly confidential and sensitive information.
• Excellent organizational skills with attention to detail, accuracy and timeliness.
• Ability to work well under pressure with multiple competing deadlines.
• Demonstrated advanced knowledge of Excel, Word, Power Point and various other business applications.
• Ability to travel up to 20%.

THE TEAM

The Onward Energy team is comprised of industry professionals who embrace collaboration, dedication, and hard work while also being down to earth. At Onward Energy, we seek to find solutions rather than assign blame.

THE WORK ENVIRONMENT

The position functions in a smoke and vaping free professional office environment. The role routinely utilizes standard office equipment such as laptop computer, phone, and scanner/photocopier.

THE TOTAL REWARDS

Onward Energy total rewards philosophy is motivated by a key tenet of People First and offers associates a comprehensive total rewards package which includes market competitive compensation, health, life insurance, and retirement savings benefits.

If you require an accommodation for any part of the employment process due to a disability to HR@onwardenergy.com.

EEO STATEMENT:

Onward Energy is an Affirmative Action Employer, Females/Minority/Veterans/Disabled/Sexual Orientation/Gender Identity.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.