Asset Manager/ Sr. Asset Manager at Cypress Creek Renewables (View all jobs) (https://ccrenew.com/careers/)

Durham, NC and Chicago, IL

The Company

Cypress Creek Renewables is powering a sustainable future, one project at a time. We develop, finance, own and operate utility-scale and distributed solar and storage projects across the country. Fostering a diverse group of innovative thinkers from all backgrounds, Cypress people are drawn to work in a purpose-driven organization. We hope you will join us.

The role

Cypress Creek Renewables is seeking an Asset Manager or Senior Asset Manager to lead and manage a portfolio of solar and storage assets in the ERCOT market. This role is essential for ensuring the long-term value and daily performance of these assets. Responsibilities include coordinating operational, regulatory, financial, commercial, risk management, legal, and investor-related matters within CCR's Fleet.

The ideal candidate is passionate about clean energy, has a growth mindset focused on value creation and proactive learning and possesses a background in finance or engineering. Familiarity with solar and storage is required. Prior experience in asset management, especially in solar, storage, or other energy fields, is preferred. Experience managing renewable energy assets in the ERCOT market is also preferred.

Responsibilities

• Manage day to day operations and asset level performance, including oversight of service provider and operational engineering performance.

• Accountable for the Profit and Loss (P&L) of the assigned assets. Manage the overall operating costs, including annual operational and capital expenditure budgeting and reporting.

• Ensure operational compliance with regulatory requirements and project agreements including lender agreements, operating agreements, power purchase agreements, tax abatement agreement, operations and maintenance agreements, NERC and environmental compliance.

• Key point of contact in external relationships including lenders, investors, customers (select Owners for whom we provide Asset Management services), landowners, OEMs, and service providers.

• Drive value creation through asset level risk mitigation and execution on improvement and optimization opportunities.

• Lead and coordinate the onboarding handoff process of placed-in-service assets between asset management, construction, operations, development, and structured finance.

• Author reports on project performance for investors, lenders, and internal reporting.

• Lead cash flow forecasting and management, including maintaining waterfall / investor distribution models, supporting analyses of financial structure and returns (including tax equity buyouts and refinancing's), and review/approval of ongoing financial transactions.

• Create monthly settlement models and together with the commercial optimization team, provide context to variance analysis driven by market factors and optimization.

Education & Experience Required

• 6+ years of experience working in solar or renewables, preferably in asset management

• Supervisory experience managing direct reports preferred

• Experience managing assets in ERCOT preferred

• Proven history of leading process improvement initiatives to streamline workflow and achieve scalable growth

• Bachelors or equivalent undergraduate degree with concentration in Finance, Accounting, Economics, Business, Physics or Engineering

• Familiarity with energy financing structures, and renewable energy operations

• Ability to read, understand and implement legal contracts

• Detail-oriented with strong analytical and organizational skills

• Experience communicating professionally with external stakeholders

• Proficient at extracting and summarizing large amounts of data, and analyzing information within contracts

• Ability to manage multiple projects and priorities within a fast-paced environment

• Must be able to work within a team

• Highly proficient in Excel, familiarity with financial/accounting systems

• Ability to travel domestically 10-25%

Locations: Preference for proximity to CCR office - Durham, NC or Chicago, IL

Benefits:

• 15 days of Paid Time Off, accrual up to 20 days, 11 observed holidays.

• 401(k) Match

• Comprehensive package including medical, dental, vision and health insurance

• Wellness stipend, family planning stipend, and generous parental leave

• Tuition Reimbursement

• Phone Bill Reimbursement

• Fully expensed company travel, mileage reimbursement

• Company Swag

A note to Recruiting Agencies Cypress Creek Renewables Human Resources team does not accept unsolicited resumes from third party recruiters, staffing firms, or related agencies. The Human Resources team coordinates all recruiting and hiring at our company. We do not accept resumes from third-party recruiters unless authorized by the Human Resources team and if a signed agreement is in place. Any unsolicited resumes will be considered property of CCR and we are not responsible for any related fees. All communication related to recruiting partnerships should ONLY be directed to the Human Resources team.

Cypress Creek Renewables is an equal opportunity employer and considers all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or veteran status. We are committed to providing a workplace that is inclusive and values diversity, and we encourage candidates from all backgrounds to apply.