Manager, Development

Development - North America SF, Walnut Creek or Texas, California or Texas


Description

Position at Recurrent Energy

Job Description

 

Functional Title

Manager, Development

FLSA Status

Exempt

Functional Area

Development Western Region

Grade

Manager

 

Summary

Reporting to the Director, Development, the Development Manager will be responsible for the development of solar photovoltaic and energy storage projects by leading economic analysis, document negotiation, transaction execution and management across a pipeline of projects targeting wholesale power markets in North America. The Development Manager will engage in both greenfield development and project M&A.

 

Principal Responsibilities/Key Results Areas

  • Responsible for project management and milestone advancement of existing pipeline projects, as well as new project development.
  • Drive decisions and prioritize resource deployment based on a deep understanding of schedule dependencies.
  • Ownership of project economics - responsible for each project’s financial model, including accuracy of inputs and adhering to corporate modeling standards, and coordinating updates with respective internal groups.
  • Optimizing project value within the expectations and limitations of potential long-term owners
  • Identification, quantification, and management of risks within the expectations of Sr. Leadership, equity investors, and lenders.
  • Lead regularly scheduled meetings to coordinate broad communication of project events, issues, and challenges across an integrated team of colleagues.  Guide team resources towards prioritized efforts, while creating structure and accountability across team workflow.  Orchestrate input and participation from a diverse group of internal subject matter experts.
  • Track project level progress, risks, opportunities, and economics.  Provide insightful analysis and reporting to management
  • Determine key metrics for the evaluation of major project level approvals of contractual obligations and deployment of capital
  • Management of relationships with key external counterparties at transmission operators and system operators to facilitate project advancement through the application, study, negotiation, and execution phases.
  • Develop strategy for the filtering of site acquisition targets to minimize cost and risk
  • Analyze merits and risks of acquisition targets and new market entry assessment
  • Support power marketing, permitting, EPC, and financing processes through document preparation, negotiations, and analysis.
  • Potential management of Sr. Analyst or Analyst resources

 

Financial & Organizational Scope

 

Reporting Relationships & Interactions

  • Responsible for each project’s project model, including accuracy of inputs and adhering to corporate modeling standards, and coordinating updates with respective internal  groups
  • Responsible for the timely development of projects, including managing each projects schedule

 

 

  • Reports to Director, Development
  • Supports the Development Team

 

 

Requirements

Knowledge & Skills

  • Detailed understanding of energy markets including solar technology, incentives, utility rates and tariffs, and legislative issues.
  • Detailed understanding of the interconnection process (study process, contracting, utility requirements, financial obligations, and scope execution by utilities) to both site projects optimally and to advance them through COD.
  • Solid understanding of economic drivers within our business.
  • Concisely frame issues by providing context, analysis, recommendations and risk/benefit tradeoffs, both in written and verbal format, to project teams and to senior management.
  • Create control and influence over the costs, terms, and schedules of key project milestones that are heavily dependent on external counterparties, often without strong commercial recourse.  
  • Dominance of the relationships within a project schedule in order to prioritize teams’ resource allocation
  • Highly resourceful and able to design process for the advancement of project milestones and navigate through key risks where little structure is established.
  • Highly proficient in MS Excel (advanced proficiency required), Project, Word, and PowerPoint, as well as Google Earth.

Abilities

  • Entrepreneurial drive to execute complex, first-of-their-kind projects in the solar and energy storage industry.
  • Organizational and leadership skills. to manage large teams of seasoned subject matter experts, often on deadline.
  • Substantial ability to recognize opportunities, identify and evaluate risks in a development context as well as effectively communicate the foregoing.
  • Demonstrated ability to translate contracts and financing agreements into concise financial and economic analysis.
  • Ability to manage a large workload, often providing support to processes managed by colleagues, while prioritizing tasks and effectively juggling competing deadlines.
  • Detail-oriented with a strong sense of personal responsibility and ownership of work product.
  • Excellent personal organizational and pattern recognition skills.
  •  

Experience & Education

  • 4-year degree required or equivalent experience; MBA preferred
  • 3 - 5 years of experience in energy development, finance or similar transactional industries
  • Successful track record of managing complex transactions and/or projects (preferably in real estate, sales management, power development, or finance)
  • Experience with land, permitting, interconnection, and power marketing aspects of solar and/or renewable project development
  • Demonstrated leadership in a prior development or transactional role

 

Other Comments

Travel, as required