Director of Solar & Storage Asset Power Analytics

CIM Group, LP
Los Angeles, CA Full Time
POSTED ON 5/30/2023 CLOSED ON 9/19/2023

Job Posting for Director of Solar & Storage Asset Power Analytics at CIM Group, LP

The Director, Solar & Storage Asset Power Analytics be responsible for supporting the Operations and Maintenance of over 1GW of , utility-scale solar and battery energy storage assets located in California and ensuring corporate and ownership objectives are met.  The Director, Solar & Storage Asset Power Analytics is accountable for protecting, maintaining, and enhancing the value of assigned assets to maximize the owners’ financial return and for the benefit of the communities in which those assets are located. Achieve results through involvement of internal and third-party operations teams as well as collaboration with development, construction management, accounting, risk management, investments, and portfolio oversight departments to realize stated goals and objectives. 

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ESSENTIAL FUNCTIONS:
  • Primary responsibility is to spearhead and coordinate the various operational and transaction activities of the assigned assets, including the direction of the day-to-day activities of the operations within asset management.  This shall include but not be limited to:
  • Financial Obligations – Involvement in oversight of financial functions including but not limited to budgeting, including creation and execution of operating budgets for operational assets; re-forecasting; and detailed variance reporting.  Expense monitoring and cost control implementation, revenue enhancement and overall asset profitability to meet or exceed budgeted Net Operating Income. 
  • Revenues – Oversee the contracting program and energy bidding strategy for the assets and ensure that revenue goals are met or exceeded as outlined in the operating budget.  Oversee and ensure the timely invoicing to counterparties and collection of all invoiced charges; oversee A/P functions and ensure that all expenses are paid on-time; assist in the negotiation of Power Purchase Agreements and Confirms.
  • Bidding Strategies – Evaluate and modify CAISO day-ahead, real-time, and ancillary services market bidding strategies to maximize merchant revenues and mitigate any associated risks
  • Communication – Demonstrate excellent communication skills in both verbal and written interactions with all internal and external parties. Conduct necessary reporting of operational activities with relevant counterparties, partners, contractors, consultants, service providers, suppliers, and governmental agencies.
  • Development - Partner with the development team on any development activities planned for the assets to meet stated objectives and ensure a smooth transition from development to operations.
  • Risk Assessment – Ensure compliance with requirements for various project agreements including Power Purchase Agreements, Financial Partnership Agreements, Operating and Maintenance Agreements, and REC Agreements
  • Contract Administration – Contract with third-party contractors, consultants, and service providers, develop scope of work documents for contracted services, competitively bid services.  Monitor contractor performance and ensure contract compliance. 
  • Proactive Problem Solving – Exhibit a creative and innovative approach to solving problems and resolving issues.  Proactively seek opportunities to improve operational and financial performance of the asset.
  • Site Visits – Conduct regular site visits and site inspections at under construction and operational project sites located in the Central Valley, California.
  • Contract Negotiation – Participate in bi-lateral contract negotiations for the sale of energy, renewable credits, capacity, and other products to various off-takers. Manage and track obligations in existing off-take contracts. Mange contract negotiations and contract compliance with contractors, operators, consultants, service providers, and other vendors. 
  • Financial Deliverables – Manage and track deliverables in project tax equity and financing documents including certificates, reports, loan and interest payments, budgets, and calculations. Work with the investment, accounting, and legal teams in preparing and submitting all required deliverables.
  • Ability to develop and manage 12X24 production schedule.


SUPERVISORY RESPONSIBILITIES:
  • Perform as senior leader amongst renewable energy operations team personnel.  Team members may include Operations Manager, Coordinator, Administrative Assistant, etc.
  • Maintain a positive relationship with all corporate support departments.
  • Provide objectives, evaluate performance, and give interim and annual performance reviews of direct reports.
  • Responsibilities may include interviewing, hiring and training employees; planning, assigning and directing work; appraising performance, rewarding, counseling and disciplining employees; addressing complaints and resolving problems.
  • Exhibit passion and commitment to their own personal and professional development as well as that of their colleagues.


EDUCATION/EXPERIENCE REQUIREMENTS:
  • Bachelor’s Degree
  • 5 years’ experience in asset and/or operations management in solar, solar BESS, renewable energy environment
  • Experience managing California utility-scale solar and battery energy storage assets and MBA preferred.
  • Prior experience operating merchant energy projects preferred.
  • Prior experience / knowledge with Day Ahead scheduling required.
  • Prior experience in CAISO and WECC region preferred. 


COMMUNICATION SKILL REQUIREMENTS:
  • High level of communication, organizational, and management skills.
  • Ability to develop, present and gain approval for annual Business Plan.
  • Ability to write effective and concise communications to counterparties, contractors, service providers, suppliers, and government agencies.
  • Ability to comprehend, analyze and interpret contracts and other legal documents and to communicate effectively with attorneys.
  • Ability to presents ideas in a clear, concise, understandable, and organized manner to reach the goals/objectives of the organization.


MATHEMATICAL SKILL REQUIREMENTS:
  • Ability to grasp basic math skills.
  • Understand and apply advanced industry-specific computations and analyses.
  • Understand and apply performance-related and asset related financial analyses.
  • Understanding of financial statements.
  • Ability to create and utilize intermediate level excel formulas.
  • Understanding of solar related calculations (weather adjusted calculations, availability calculations, performance ratios, specific yield, etc.)


TECHNICAL SKILL REQUIREMENTS:
  • Proficiency in Microsoft Outlook, Teams, Word, Excel, and PowerPoint.
  • Proficiency in Yardi, Nexus and/or other ERP software systems.
  • Proficiency in industry related software packages as required. 


PERFORMANCE METRICS:
  • Meet or exceed Net Operating Income goals.
  • Effective financial management and oversight of asset operations.
  • Positive, innovative approach to problem solving.
  • Ability to define problems, collect data, establish facts, and draw valid conclusions.
  • Proven ability to work independently as a leader and as a team member.
  • Ability to work in an organized, efficient manner with a high level of accuracy, attention to detail, and follow-through.
  • Ability to exercise excellent judgment and discretion.
  • Must be able to cope with shifting priorities, difficult situations, and deadlines.


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CIM does not accept unsolicited resumes from Agencies.  Any unsolicited resumes received from Agencies will be considered property of CIM and no fees will be due or paid.  If you wish to become an approved Agency with CIM or any of its Affiliates, please contact a member of the CIM Talent Acquisition Team.

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