Solar Asset Manager

Job description

We are Lightsource bp – and we’re on a mission to become a global leader in onshore renewables, anchored by our proven track record in solar development. For over a decade we’ve been actively working to diversify the way our world is powered with sustainable and responsible renewable power. We work to safely deliver affordable, reliable, large-scale onshore renewable and energy storage solutions to help the world decarbonize. Our growing business is constantly innovating and investing to help drive the energy transition. Our people and projects are focused on supporting long-term sustainable growth and energy security. Lightsource bp was fully acquired by bp in 2024. This is a hybrid role based in our Austin, Denver,or San Francisco office. What You’ll do The Asset Manager plays a critical role in maximizing the financial and operational performance of a portfolio of utility-scale solar assets. This position serves as the central point of coordination across internal teams, third-party service providers, and external stakeholders. The Asset Manager is responsible for ensuring that each project operates safely, efficiently, and in full compliance with all contractual and regulatory obligations. Duties and Responsibilities Financial Oversight • Full P&L ownership of the asset portfolio, including monthly variance analysis, revenue tracking, and cost control. • Manage tax equity investor relationships and reporting requirements, including flip model tracking and sponsor equity distributions • Oversee debt compliance, including liquidity forecasting, reserve account funding, and debt service coverage monitoring. • Forecast and manage liquidity needs across project entities, ensuring adequate working capital and alignment with distribution schedules. • Prepare and present detailed financial reports for internal leadership, tax equity investors, and lenders. • Coordinate annual audits, tax return preparation, and investor reporting with accounting and legal teams. • Approve invoices and monitor unbudgeted or non-recurring expenses to ensure alignment with budget and financial targets. Commercial Management • Serve as the primary point of contact for external stakeholders, including offtakers, utilities, maintenance contractors, and service providers, ensuring timely resolution of issues and execution of contractual obligations. • Conduct risk assessments across contracts and commercial operations, identifying exposure and recommending mitigations. • Drive portfolio value optimization through variance analysis, renegotiation opportunities, and proactive contract management. • Identify and implement cost reduction strategies related to O&M, asset level expenses, and third-party services. • Manage warranty claims, performance guarantees, and equipment failure resolutions in collaboration with OEMs and service providers. • Lead commercial negotiations and execution of amendments, renewals, and new agreements in coordination with legal and executive teams. • Track and enforce compliance with all commercial agreements, including PPAs, interconnection agreements, land leases, and merchant revenue participation. Technical Operations • Oversee daily operations of utility-scale solar assets, ensuring safety, reliability, and regulatory compliance across the portfolio. • Partner with O&M providers to monitor and improve plant performance, leveraging SCADA and monitoring platforms to track real-time data and KPIs. • Lead root cause analysis and corrective action plans for performance deviations and outages. • Coordinate project commissioning and handover from construction to operations, ensuring documentation, testing, and warranty initiation are complete. • Develop and oversee site-level maintenance plans, asset health reviews, and performance optimization strategies. • Support technical audits, annual inspections, and NERC or environmental compliance as applicable. General & Strategic Responsibilities • Serve as the operational lead for day-to-day asset management, ensuring execution of both recurring and ad hoc responsibilities. • Collaborate cross-functionally with development, engineering, finance, legal, and compliance teams to align asset operations with business strategy. • Foster a culture of accountability, performance, and continuous improvement within the asset management function. • Maintain organized and auditable project documentation in line with internal controls, stakeholder expectations, and industry standards. • Support strategic initiatives including refinancing, M&A diligence, and tax equity structuring. • Represent the company in partner meetings, regulatory discussions, and cross-organizational workstreams as needed. Who we’re looking for Knowledge • Understanding of utility-scale solar PV systems, including design, operations, maintenance, and performance analytics. • Proficient in financial management of energy assets, including budgeting, P&L analysis, cash flow forecasting, and tax equity and debt compliance. Familiarity with key project agreements such as PPAs, O&M and EPC contracts, interconnection agreements, and financing documents Qualifications • Bachelor’s degree in Engineering, Finance, or Business Administration Experience • 3+ years of experience in Asset Management or Operations • The ideal candidate worked for financial investors active in the renewable space internationally, and IPP or a vertically integrated developer We offer Competitive compensation, $110,000 to $140,000 plus an annual bonus. Health, dental, prescription, and vision care for US team members starts on your first day of employment with zero premiums for employee-only coverage. Retention bonuses Four weeks of vacation and three weeks of sick leave annually plus 11 paid holidays 401(k) plan, with a 3% nonelective employer contribution. Hybrid working environment (Tuesday, Wednesday & Thursday in office, Monday and Friday remote) Monthly personal phone bill reimbursement of up to $100 and a monthly commuter benefit of up to $150. Lifestyle Savings Account and more! Why you’ll want to work with us Our company is a place where you can be yourself and grow – a place where your ideas and opinions matter. Be you: We pride ourselves on being an inclusive community, where every individual is valued and treated with respect. Be responsible: Our culture is driven by our core values. From operating safely to ensuring our solar projects are responsible and promote biodiversity. Be recognized: Alongside a competitive salary, we offer a variety of benefits including annual bonus, retention bank, health insurance, pension, and other local benefits. Be inspired: Join an agile, international team working across 15 countries to power the future and positively impact people, communities, ecosystems and biodiversity across the world. Our core values: Lightsource bp truly cares about creating a sustainable future through safe, responsible and meaningful low-carbon energy projects. Our core values of Safety, Integrity, Respect, Sustainability and Drive are the guiding principles for everything we do. Why You’ll Want to Stay with us At Lightsource bp, you’ll work within agile, cross-functional teams where diverse perspectives come together. Our culture embraces open knowledge sharing and collaboration, empowering you to learn from others and accelerate progress collectively. Your career growth is our priority and a shared journey. We are committed to developing talent from within and prepare you for career advancement so you can shape a fulfilling and lasting journey here. In today’s fast-changing world, a learning mindset is essential and therefore we proactively support upskilling to help you push your skill boundaries and stay ahead in your field, so you can not only keep pace with change, but confidently shape a brighter future. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with disabilities may request a reasonable accommodation related to LSbp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an accommodation related to the recruitment process, please contact us to request accommodations.