Portfolio Manager jobs in San Diego, CA

Reporting to the Senior Director of Portfolio Finance, the Manager of Portfolio Finance is responsible for managing commercial matters with financing parties for multiple construction and operating projects within Clearway's renewables portfolio, including leading the execution of cash and tax equity fundings and term conversions of debt. This person is also responsible for seeking and identifying project and portfolio level value-add transactions such as refinancings, tax equity buyouts, repowers, letter of credit facilities and other ad-hoc restructurings, and leading the complex financial modeling associated with each. The Manager of Portfolio Finance will be relied upon to maintain excellent investor relations with its financial partners and collaborate closely with other Clearway functional departments on identifying and addressing matters that impact the portfolio or matters which present opportunities for asset optimization.

This position will be located in Carlsbad, CA.

• Execute on, identify and structure financing execution and asset optimization opportunities across the entire Clearway enterprise. Efforts will be primarily focused on renewables projects, with possibility of non-renewables related transactions. Types of transactions include, but are not limited to, cash/tax equity fundings, term conversions, refinancings, tax equity buyouts, repowers, LC facilities and other ad-hoc restructurings.

• Ability to quickly implement scenario analysis and add dynamic logic to financial models. Understanding of how certain assumptions and analyses impact economics such as cash flows, IRRs, flip dates, DROs and capital accounts will be critical.

• Manage tax equity and cash equity relationships and use commercial expertise to craft solutions that solve certain challenges at hand.

• Lead and oversee financial optimization and cash flow analysis in complex project finance models to provide recommendations to executives and committee voting members on portfolio and project matters.

• Collaborate with the Capital Markets team to establish and cultivate relationships with existing capital providers to broker resolutions and drive material amendment and consent processes.

• Establish and sustain productive, efficient relationships across Clearway's major departments and functions including Development, Construction, Asset and Energy Management, Tax, Origination and Legal to address and resolve challenges across the lifecycle of Clearway's projects.

• Oversee tracking model updates.

• Provide oversight, guidance, training, and mentorship to the analysts on the Portfolio Finance team.

• Bachelor's in Finance, Business, Economics, Engineering, or related field.

• 4 years of professional experience in project finance, portfolio finance or M&A in the energy sector.

• A strong understanding of and ability to interpret financing agreements, ECCAs, MIPAs, LLCAs and other project contracts.

• Advanced Microsoft Excel knowledge is required. Experience building, auditing and updating complex project finance models, with ability to quickly generate summary economics relating to each stakeholder, is required.

• Commercial Mindset - Able to structure, negotiate transactions and help identify and resolve issues that are complicated and will have unique challenges.

• Teamwork - Able to 'connect the dots' and 'see the big picture' which involves working closely with the various departments and colleagues at Clearway.

• Communication - Crisp and articulate written and oral communications skills. Will be called upon to present to members of the Capital Committee, and frequently with external financing parties to present positions persuasively and to drive to conclusions.

• Responsiveness - The successful candidate will have the ability to manage several high impact activities at the same time, while maintaining the ability to coordinate and work as a team as well as to contribute individually.

• Values / Mindset - A positive attitude, highly motivated, and tenacious. Treats adversity and setbacks as a challenge to overcome rather than as a demotivating dynamic. Mindset of seeking opportunities where existing projects could be value optimized.

• Financial Acumen and Track Record - Requires an understanding of how financing contract terms and conditions influence economics and Clearway's business model. Demonstrated record of successful financial closings and fundings. Experience managing deal teams, external consultants and lawyers to meet a deadline. Strong attention to detail to ensure transaction quality and pace.

• Tax Equity experience highly preferred.

Clearway will not sponsor nonimmigrant visas for this position (H-1B, TN, E-3, etc.)