Associate Asset ManagerCon Edison Development, Inc. - Valhalla, NY
For nearly two decades, Con Edison Solutions, Con Edison Development, and Con Edison Energy have been leading national providers of retail and wholesale energy services. Now, they are part of Con Edison Clean Energy Businesses, a wholly owned subsidiary of Consolidated Edison, Inc.
Con Edison Development focuses on the development, ownership and operation of renewable assets.
The Associate Asset Manager is responsible for the financial tracking, forecasting, reporting, optimization, operation and maintenance of energy assets. The candidate will be responsible for driving the profitability of solar and wind assets through close collaboration with Con Edison's Accounting, Trading, Development, IT and related groups. The Associate Asset Manager will ensure the output of assets are in line with forecasts, generation is properly billed and accounted for, project proformas are accurate, hedges are accounted for, maintenance is scheduled and completed as required, and contractual obligations are fulfilled.
Participate in the budgeting, forecasting, and analysis of individual assets and the department at large. Drive long-term profitability and risk minimization.
Establish relationships with key project partners such as lenders, PPA provider, land owners, management committee members, local civic groups, etc.
Proactively lead management of contracts and ensure all contractual obligations with respect to the project portfolio are met, including but not limited to: project financing, power purchase agreements, land lease, property tax matters, warranty claims, insurance management, interconnection agreement, etc.
Evaluate and manage long term maintenance strategies for assets in the portfolio; manage maintenance contracts; monitor asset status; manage troubleshooting and problem resolution.
Perform ad hoc analysis as required to support Asset Management and Project Development teams. Review contracts.
Stay informed of accounting rules and valuation techniques relevant to renewable assets. Keep abreast of industry trends, marketplace changes and regulatory rules. Fully utilize monitoring system functionality. Evaluate asset optimization opportunities for performance improvements.
Review project operating reports and documents to ensure production targets are met, as well as compliance with all regulatory requirements. Manage reporting cycle to ensure timely, accurate reporting of financial, operational and contractual obligations.
Bachelor degree with mathematical or electrical focus required.
Master Degree preferred
5-7 years experience in a related energy field preferred.
Experience in contract management related to energy facilities.
Demonstrated experience in building strategic relationships with internal and external project partners and stakeholders.
Budgeting, forecasting, energy industry research, and team building are highly desirable.
Excellent technical and analytical skills
Superior communication skills
Understanding of renewables industry
Knowledge of energy cost components and revenue drivers
Knowledge of renewable energy policies and regulations.
Proficient in Microsoft Excel; strong working knowledge of all MS Office programs
Knowledge of solar / wind equipment and technologies
Ability to understand and interpret contracts
Ability to multitask various projects with tight deadlines
Ability to work as part of a team. Strong interpersonal skills.
20% travel nationwide
Equal Opportunity Employer: Consolidated Edison is an equal opportunity employer and, as such, affirms in policy and practice its commitment to recruit, hire, train, and promote, in all job classifications, without regard to race, color, creed, religion, sex, gender, age, national origin, marital status, sexual orientation, gender identity, gender expression, citizenship, eligible veteran status, disability, or any other status protected by law.
Con Edison is a federal contractor subject to VEVRAA and desires to receive priority referrals of protected veterans. You must be eligible to work in the US independent of company sponsorship.
17 days 14 hours ago
applyAssociate Asset Manager Con Edison Development, Inc. - Valhalla, NY, United States
Con Edison Development develops, owns and operates renewable and energy infrastructure projects. The company is an unregulated subsidiary of Consolidated Edison, Inc. [NYSE: ED], the nation's oldest and one of the largest investor-owned energy companies. Con Edison Development was formed in 1997. Through acquisitions, expansions and greenfield development, we quickly built a substantial portfolio of fossil-fueled and hydro-electric merchant generation assets in the Mid-Atlantic and New England regions that totaled 1700 MW. In 2008, the company completed the sale of its portfolio, realizing an approximate $400 million profit.The company now is focusing on renewable energy and gas assets as part of an overall corporate goal of responsible environmental stewardship. Through its deep resources and trusted relationships with a range of energy-related companies, Con Edison Development already has built a renewable energy project pipeline of over 150 MW in California, New Jersey, Massachusetts, Connecticut, Pennsylvania and Rhode Island.
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