Senior Manager, Assets

4 weeks ago


Chicago, United States Acciona S.A Full time

Senior Manager, Assets & Risk Management page is loaded

Senior Manager, Assets & Risk Management

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locations

Illinois

posted on

Posted 2 Days Ago

job requisition id

20062039

ACCIONA Energía is the biggest 100% renewable energy company with no fossil legacy in the world. With more than 30 years of experience and operations in 20 countries on five continents, ACCIONA Energía offers a wide portfolio of tailored energy solutions so that its corporate and institutional clients can meet their decarbonisation goals. This includes the development, engineering, construction, operation and maintenance of renewable power plants -mainly wind and photovoltaic technologies-, energy sales and management and marketing, energy services, self-consumption, electric mobility and new technologies such as storage and green hydrogen. ACCIONA Energía is governed by the most demanding environmental, social and corporate governance (ESG) criteria. We have an exciting opportunity for an experienced Senior Manager, Asset & Risk Management to be based at our US headquarters in Chicago, IL. This position, reporting to the US and Canada Chief Financial Officer, is responsible for managing, monitoring, and maximizing the financial performance of over 3 GW of wind, solar, battery storage, and CSP operating assets in the US and Canada and will interact with various businesses lines in this position. This individual will also lead the implementation of, and manage, a risk management program for the energy marketing and trading activities across our operating portfolio of renewable assets.

Job Description Main Responsibilities: Project Asset Management: Manage, monitor, and, working with our business lines, optimize the financial performance of the operating assets in the US and Canada. This role will include the preparation of annual budgets for tax equity investors and lenders, and monitoring cash and GAAP performance to budget. Collaborate with our Power Marketing group to ensure RTO/ISO compliance. Act as Finance representative with our Operation & Maintenance group in identifying and managing operating issues that affect project performance. Support the CFO on the interaction with Lenders/Investors. Monitor and ensure compliance with tax equity and lender agreements, and prepare periodic reports and memoranda to update project status. Manage risk insurance program renewals, identify risk issues relative to policy coverage, and monitor insurance-related issues across the US and Canadian markets and involve collaboration with the global risk group. This role also requires claims management, review of tax equity and loan transaction documents for insurance coverage and conditions issues, and ensuring the adequacy of project coverages. Work with the Accounting group to facilitate financial audits for operating projects in the US and Canada. Energy Market Risk Management: Lead the implementation of a risk management program for energy marketing and trading activities across our renewable energy operating portfolio. Assess initial and ongoing creditworthiness of counterparties, establish credit lines with counterparties, ensure appropriate bilateral collateral and credit support arrangements are in place with counterparties and RTO/ISOs, and oversee daily margin calls. Assist the power origination team with pre-transaction compliance, negotiation, administration, and maintenance of commodity-enabling agreements with counterparties, brokers, futures markets, commodity exchanges, and third-party service providers. Create dashboards that present positions and exposures: (i) credit exposures including mark-to-market of energy hedges; (ii) Value at Risk; (iii) scenario/sensitivity analysis; (iv) outcomes of stress testing. Oversee the creation and ongoing management of project limits for specified projects that will serve to establish the parameters and limits for products that can be executed by the power origination team. Report credit exposures, positions, risk assessments, operational risk issues, and performance in a timely and accurate fashion for presentations going to senior management and other members of the Energy Risk Committee. Required Skills and Competencies BA/BS in Finance, Economics, Accounting, Mathematics, or related discipline or equivalent. Power and/or renewable industry knowledge with 5 + years of professional experience working in US renewable energy. 10+ years’ business finance experience, with knowledge of credit risk in an energy trading or commodity environment and financing of tax equity transactions. Solid credit analytical skills and understanding of energy-related agreements (ISDAs, EEIs, PPAs) and underlying collateral including parent guarantees and letters of credit. Understanding exposure calculations (MTM, PFE), trading instruments, and hedging. Experience in managing risk insurance programs, and in-depth knowledge of property, casualty and energy trading risk management programs. Demonstrated ability of strong analytical skills and attention to detail. Strong written and verbal communication and presentation skills. Strong interpersonal skills and the ability to interact with all staff throughout the Company and work as a team player. As a company that values diversity as a source of talent, we work to foster an inclusive environment that promotes respect, belonging and engagement so that all people can participate on an equal opportunity basis. We invite everyone to apply regardless of origin, circumstances, background or condition.

We are 'Top Employer 2024'

GLOBAL LEADERSHIP. ACCIONA revalidates this certificate in Spain, Mexico, Brazil, Australia, United States, Canada, Chile and South Africa, and obtains it for the first time in Peru and the Philippines.

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