Job details

Salary

$81,800 – $96,200 a year

Job Type

Full-time

Full Job Description

The role of Asset Manager – Renewables is primarily responsible for:

• Managing funded tax equity investments including handling consents, ownership transfers, budget reviews, contract changes and distributions

• Approval of REC sales, reviewing financials & operations, reviewing cash step-ups and PAYGO payments and assisting with deficit restoration obligation tracking and management

A strong candidate will have the following:

• Bachelor’s degree in accounting, finance or business administration

• A problem solver with five or more years of experience with asset management and familiarity with tax accounting

• Knowledge of solar and wind energy project economics and incentive systems

BHE Renewables, an industry leader in renewable energy, is based in Des Moines, Iowa. BHE Renewables develops and manages renewable projects, including solar, wind, geothermal and hydro, producing energy for both the wholesale market and for customers under long-term power purchase agreements. BHE Renewables works to provide usable energy from noncarbon resources and offer energy alternatives to help to reduce the environmental impact of energy creation. As part of the Berkshire Hathaway Energy family of companies, we are all aligned on a common vision – to be the best energy company in serving our customers, while delivering sustainable energy solutions.

Rooted in our core values of customer service, employee commitment, environmental respect, regulatory integrity, operational excellence, and financial strength, BHE Renewables is committed to offering a challenging and dynamic working environment that provides you the opportunity to use your talents in a growing organization where each employee feels valued, respected and engaged. With office staff in an open floor plan, you have many opportunities for teamwork and frequent collaboration with peers. The company offers the following benefits to full-time team members:

• Health insurance (choice of HSA or a traditional plan)

• Dental insurance

• Vision insurance

• 401(k) match

• Generous paid time off

• Company paid life insurance, short-term disability, and long-term disability

• Paid parental leave

The asset manager is responsible for supporting ongoing tax equity transactions by managing funded investments and handling consents, ownership transfers, budget reviews, contract changes and managing distributions. The role is responsible for managing relationships with developers, investors and other parties in the tax equity investment process. This position will complete presentations, reports and analysis on current tax equity assets, including assisting with performance and variance analysis; prepare financial materials; and identify financial impacts of business strategies. Position assists in conducting due diligence on acquisition targets.

Primary Job Duties and Responsibilities (Essential Job Functions)

Support ongoing tax equity work by managing the funded investments to handle consents, ownership transfers, budget reviews, changes to contracts, approval of REC sales, reviewing financials & operations, managing distributions, reviewing cash step-ups and PAYGO payments and assisting with deficit restoration obligation tracking and management. (50%)

Conduct the analysis, evaluation and presentation of potential changes or modifications in tax equity and other renewable investments, including the tracking and reporting of the tax equity portfolio’s performance versus expectations at funding. (20%)

Manage relationships with developers, investors and other parties in the tax equity investment process. Ensure the Sponsor is adhering to the partnership agreements, including providing reports on time and in full. (10%)

Handle routine tax equity counterparty questions at various stages of the transactions. (10%)

Compile, analyze, research and interpret data to prepare reports, corporate and asset acquisition analysis, forecast future trends and stays abreast of economic changes and industry topics. (10%)

Perform additional responsibilities as requested or assigned.

Qualifications
Position Requirements

Bachelor’s degree in finance, accounting, business administration or equivalent work experience. (Typically six years of related, progressive work experience would be needed for candidates applying for this position who do not possess a bachelor’s degree.)
Certification or advanced degree such as CPA, MBA or CFA beneficial.
Five or more years related work experience in highly complex financial forecasting, financial modeling, tax equity, financial analysis and/or accounting with an emphasis in financial analysis.

Knowledge of solar and wind energy project economics and related incentive systems.

Advanced accounting and financial skills with the ability to develop and interpret full financial statements, understand financial impacts of changes on cash flows and financial ratios, apply accounting principles to the preparation and analysis of financial statements and reports.
Advanced research and analytical skills with understanding of quantitative analysis, financial analysis methods and tools and cash flow analysis.

Advanced software skills in Microsoft Excel, Word and PowerPoint and ability to utilize advanced modeling techniques in order to automate model functionality.

Ability to work with and gather information from subject matter experts such as working with the accounting team to project the income statement impact of a transaction.

Effective analytical, problem-solving and decision-making skills to effectively monitor developments in forecasted and actual data, including recognizing patterns and/or outliers in data and events which may influence forecast results or assumptions; the ability to draw logical conclusions and make recommendations for action.
Excellent oral and written communication skills.
Ability to prioritize and handle multiple tasks and projects concurrently.
Ability to maintain confidentiality of information.
Employees must be able to perform the essential functions of the position, with or without an accommodation.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.