Associate Asset Manager
Lightsource bp is a global leader in the development and management of solar energy projects throughout commercial operations. We are a 50:50 joint venture with bp with a mission to help drive the world’s transition to low carbon energy.
With solar set to increase tenfold in the next 20 years, we are well-positioned to capitalize on this growth. By joining the Lightsource bp team, you will ‘be the change’ on the world’s energy transition to a more sustainable future.
We pride ourselves on our entrepreneurial spirit as we continue to push the boundaries of an ever-changing energy landscape. By choosing a career with us, you can expect a challenging and fulfilling role surrounded by people who are passionate and have brilliant ideas about sustainable technology, innovation and making the world a better place.
What You’ll do
Lightsource bp is seeking a passionate Associate Asset Manager to join our dynamic and thriving Asset Service’s team. This is an integral role in supporting the Asset Managers in providing daily operational and commercial management of utility solar PV plants in the USA, ensuring best practice for safety, quality, and environmental performance, whilst enhancing the overall returns and value of each project and complying with all the applicable contractual agreements.
The ideal candidate will have a commercial mindset and that is able to positively work and influence relationships with a broad range of stakeholders.
Primary Responsibilities
- Provide overall support to the Asset Services team for operating assets, including interfacing with various workstreams such as O&M, performance, insurance, legal, finance, IT, procurement, etc.
- Assist in financial planning and analytics: including monthly accruals of revenue, operating expenses, plant improvements, and other business-related impacts.
- Support Finance team with analysis of monthly project level P&L variance and cash flow forecasts
- Collaborate in the annual budget planning process, including analysis of individual assets as well as incorporating inputs and standardizing budget assumptions across the fleet.
- Monthly review of operational and financial KPIs, identification of improvement opportunities.
- Preparation of internal and external project reporting deliverables, and ad-hoc reports as needed.
- Populate and manage compliance database for operating assets by ensuring periodic updates, compliance assessments, and compliance implementation.
- Manage reporting cycle to ensure timely, accurate reporting of financial, operational, and contractual obligations.
- Administration of 3rd party service providers: including vendor enrollment, purchase order & invoice management
- Assist with engagement 3rd party operators and overall management of the operations and maintenance activities, to help oversee the reliable safe operations of the portfolio of assets.
- Support the onboarding activities for new projects from DevCo/EPC to Operations
- Support in the management of relationships with key project level stakeholders including equity investors, offtakers, contractors, landowners, etc.
- Commercial Asset Management experience for utility scale solar PV and/or wind energy within the United States as well as basic understanding of organized energy markets fundamentals as well as general energy and operational dispatch concepts of renewable assets.
- A bachelor’s degree in business, engineering or a related field is required.
- Minimum of three years of experience in finance, development, or operations, preferably in the energy or power industry. The ideal candidate worked for financial investors active in the renewable space internationally, and IPP or a vertically integrated developer.
- Strong communication and interpersonal skills.
- Problem solving skills, self-motivated, and ability to work with little supervision or guidance to independently research, understand, and implement knowledge in new areas.
- Ability to work seamlessly across a wide range of workstreams amongst internal and external stakeholders to achieve project objectives.
- Ability to read, understand and implement legal contracts.
- Ability to understand technical operational matters and translate them to commercial and financial analyses and decision making.
- Populating the compliance database for new project implementation
- Ability to travel (up to 15%).
Our company is a place where you can be yourself and grow – a place where your ideas and opinions matter.
Be you: We pride ourselves on being an inclusive community, where every individual is valued and treated with respect.
Be responsible: Our culture is driven by our core values. From operating safely to ensuring our solar projects are responsible and promote biodiversity.
Be recognized: Alongside a competitive salary, we offer a variety of benefits including annual bonus, retention bank, health insurance, pension, and other local benefits.
Be inspired: Join an agile, international team working across 15 countries to power the future and positively impact people, communities, ecosystems and biodiversity across the world.
Our core values: Lightsource bp truly cares about creating a sustainable future through safe, responsible and meaningful low-carbon energy projects. Our core values of Safety, Integrity, Respect, Sustainability and Drive are the guiding principles for everything we do.
We offer
- US team members are entitled to medical benefits, life insurance, dental benefits, vision benefits and short- and long-term disability benefits.
- Lightsource bp offers US team members immediate eligibility for a 401(k) plan, with a 3% nonelective employer contribution.
- Our team members are eligible for a discretionary annual bonus, calculated based on corporate, team and individual objectives. Team members in the US may receive an additional 50% of their annual bonus in a “retention bank” as well, available for withdrawal after three years of bonus awards have accrued.
- Lightsource bp currently observes the following 11 holidays in the US: New Years Day, Martin Luther King, Jr. Day, Presidents’ Day, Memorial Day, Juneteenth, Independence Day, Labor Day, Thanksgiving, Day after Thanksgiving, Christmas Eve and Christmas Day.
- US team members accrue 20 days of vacation and 15 days of sick leave annually. All team members are also eligible for COVID-19 leave.
- Team members in the US enjoy a hybrid work environment.
- US team members receive a monthly personal phone bill reimbursement of up to $100 and a monthly commuter benefit of up to $150. Team members also receive one-time wellness and remote work allowances.