Senior Director, Asset Management

About SB Energy:

SB Energy, a leading clean energy company backed by SoftBank and Ares, is committed to providing flexible renewable energy at scale. We're accelerating the global energy transition and making a positive impact on our planet, customers, communities, and people. With almost 3 gigawatts of renewable energy projects in operation or under construction, and a multi-GW pipeline, we're building the renewable energy future – today. We're also innovators, incorporating new technologies, including our AI-based digital platform, into our projects.

The Role: 🎯

As Senior Director, Asset Management, you'll oversee the financial performance of SB Energy's utility-scale solar PV plant portfolio across the United States. You'll lead a team, contribute to the Annual Operating Plan, and ensure projects meet or exceed financial targets.

What You'll Do:

• Lead the Asset Management (AM) team.
• Manage project P&L and ensure portfolio performance meets or exceeds the Annual Operating Plan.
• Lead the team in developing the AOP.
• Analyze energy markets and their impact on the portfolio.
• Develop and manage project annual budgets and monthly reports.
• Manage internal AM KPIs.
• Coordinate with accounting for timely payments and accurate billing.
• Ensure project companies comply with financing documents.
• Review and approve cash distributions to financing parties.
• Review investor reports and resolve any issues.
• Review financial statements and annual tax returns.
• Analyze performance reports, identify issues, and create improvement initiatives.
• Manage project contracts for compliance. Implement standardized contract management and reporting systems.
• Collaborate with legal and contracts teams on amendments.
• Manage the handover process from development, finance, and construction teams.
• Collaborate internally and externally to identify revenue-increasing and risk-mitigation opportunities.
• Manage relationships with stakeholders (offtakers, landowners, ISOs, regulators, financing parties).
• Manage and resolve contractual, regulatory, and commercial issues.
• Review settlement statements, create revenue invoices, and manage disputes.
• Participate in vendor relationship reviews (including O&M providers).
• Assist in acquisition due diligence, identifying operational risks, costs, and improvement opportunities.
• Experience with Portfolio Valuation and Management in traded electricity (ERCOT and CAISO preferred) and natural gas markets.
• Experience with traded products and hedging instruments such as Swaps, Options, FTR/CRRs, PTPs and virtuals.
• Experience with operational risk surround margining and clearing traded products.

What You'll Need:

• Bachelor's degree in business, engineering, finance, economics, or a related field. Advanced degree or certifications (PMP, MBA) preferred.
• 15+ years of experience in the energy industry.
• Knowledge of the energy and renewable energy market, including technologies, regulations, and trends.
• Strong commercial acumen, prioritization, communication, and organizational skills.
• Understanding of integrated plant operations (a plus).
• Experience with ISO market scheduling, forecasting, settlements, and hedging.
• Strong understanding of project finance, legal contracts, accounting, and contract/warranty negotiations.
• Experience with Asset Management software.
• Proficiency with standard financial metrics and analyses (IRR, ROI, NPV, DCF models).
• Experience creating and performing financial modeling.
• Strong learning skills and ability to independently research and implement new knowledge.
• Proficiency in Microsoft Office Suite (Word, Excel, Project, Outlook, PowerPoint).

Location & Perks: 🌎

• Location: California, Colorado, Arizona, Texas, or Remote option available.
• Up to 25% domestic travel (when normal travel resumes).
• Base Pay: $180,000 - $220,000 (Actual compensation depends on various factors).
• Benefits: Comprehensive medical, dental, and vision (100% company-paid); LTD, life insurance, AD&D; competitive 401(k) match; generous PTO; 11 paid holidays; flexible working arrangements; 12 weeks paid parental leave; FSA; wellness offerings; voluntary legal and pet insurance; phone/internet/data reimbursement; phone equipment benefits; hybrid workplace setup benefits.

Equal Opportunity Employer:

SB Energy is committed to diversity and inclusion and is an equal opportunity employer. We encourage applications from all qualified individuals regardless of background.