Renewable Power Asset Manager (Director)

  • Competitive.
  • Dublin, Leinster, Ireland
  • Permanent, Full time
  • BlackRock
  • 17 Oct 17 2017-10-17

BlackRock, the largest investment manager in the world, sits at the intersection of global capital and Real Asset investing opportunities. With deep industry expertise, demonstrated access to proprietary deals and a purely fiduciary mindset, our experienced investment professionals leverage BlackRock's unparalleled risk management capabilities, global

BlackRock, the largest investment manager in the world, sits at the intersection of global capital and Real Asset investing opportunities. With deep industry expertise, demonstrated access to proprietary deals and a purely fiduciary mindset, our experienced investment professionals leverage BlackRock's unparalleled risk management capabilities, global reach and deep local presence to deliver compelling investment opportunities to meet our clients' needs. BlackRock Real Assets provides investors with Private Real Estate Debt & Equity, Real Estate Securities and Infrastructure Debt & Equity via funds, co-investments and managed accounts, and currently has $30 billion in invested and committed Real Estate and Infrastructure assets and capital. Our 300-person team is based in 22 offices globally.
 

Job Purpose/Background
 
An opportunity to join the Blackrock Renewable Power Group to lead the Asset Management function globally. 
 
The objective of the Asset Management function is to deliver to our funds and Portfolio Managers optimum operational and financial performance and value from our rapidly growing portfolio of operating renewable assets (currently 140 wind and solar PV projects in USA, Canada, UK, Ireland, France, Sweden, Norway, Japan and Australia).
 
Key objectives of this post are:


  • Establish and grow the Asset Management team


  • Management, analysis and communication of the commercial performance of our assets


  • Optimize project performance and value – this will be initially focused on a subset of assets which need particular focus and Special Projects


  • Particular specialist focus on commercial and contractual management


  • Mentoring and close collaboration with colleagues within the Technical and Financial Operations groups


  • Collaboration with the transactions teams to ensure joint accountability and a smooth transition of projects.


The position will report to RPG Head of Technical Operations.
 

Key Responsibilities



  • Establish and grow the Asset Management  team


  • Commercial management of our operating assets with a particular focus on key assets with particular opportunities


  • Understanding the economic, commercial and reputational drivers of our investments in order to identify risks and opportunities – implementation of solutions to mitigate risk, improve returns and create value.


  • Tracking and communicating project performance and periodic Asset Reviews and planning


  • Project contract management (O&M, 3^rd Party Asset Management, Facility Agreement) and management of any contract claims


  • Power sales management (PPAs, hedging)


  • Assist with Project Insurance issues


  • Oversight of Local Asset Managers and other service providers


  • Development of Asset Management  processes and procedures to facilitate growth


  • Assist in annual budget setting process


  • Provide diligence feedback related to the commercial asset management arrangements for prospective investments.


  • Maintain key commercial data from operating assets to enhance future assumptions / budgeting as well as elevate the overall institutional market intelligence.


  • Further development of the RPG strategic approach to operations management of assets to maximize project performance


  • Written and oral reporting both internally to the Team and Senior Management as well as externally to existing and prospective Limited Partners.


  • Lead member of the Operations Committee


  • Assist in fundraising


  • Participate in the preparation for and ultimate disposition of existing assets.


As we are a small team the responsibilities will be broader than outlined above.
 

Qualifications, Skills and Attributes



  • Deep understanding and experience in commercial and contractual management of operating power assets, ideally renewable power.


  • Preferably also a depth of understanding of financial and technical operations management


  • Highly rated in their career to date (at least 10 years in the power generation industry)


  • Strong team builder


  • Strong academic background in Business Management, Engineering or Finance.  Excellent numerical and analytical skills.


  • Able to manage workload autonomously and effectively


  • Enthusiasm and commitment to working in a friendly, entrepreneurial, collaborative team environment


  • Strong self-learning skills and comfortable with autonomy - inquisitive, detail-oriented, self-motivated, flexible


  • Excellent written and oral communication skills


  • The role involves extensive travel to sites and operations organizations
     


Development Opportunities



  • Significant investment exposure on prestige projects


  • Experienced senior technical and commercial teams with strong team values and excellent learning and development opportunities


  • Opportunity to grow with the BLK platform


  • Strong brand in the infrastructure, renewable energy and fund management industry