TIAA

Asset Manager, Clean Energy

TIAA

full-time

Posted on:

Origin:  • 🇺🇸 United States • New York, North Carolina

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Salary

💰 $135,000 - $155,000 per year

Job Level

Mid-LevelSenior

About the role

  • The Asset Controller job ensures that investment accounting policies and procedures are correctly applied to financial transactions.
  • Under minimal supervision, this job works directly with asset management, portfolio management and acquisition/disposition teams.
  • This job leads a team to prepare month end closing reports and subsidiary quarterly financial analytics, and reports to senior management ensuring accurate asset evaluations.
  • Commercial management of a portfolio of renewable assets (photovoltaic, onshore and offshore wind, batteries, hybrid projects, or any other technology that is suitable for investment within the fund’s investment scope), either under development, construction or operation, across the US.
  • Management of Commercial and Technical Management Agreement providers.
  • Oversight and enhancement of the asset’s performance.
  • Coordination and oversight of different workstreams relating to the asset together with other AM departments (including the Fund Finance Team, the Head of Revenues, technical team, development unit), the Investment Team and the Divestment Teams.
  • Financing of renewable assets, both from a debt as well as tax equity perspective
  • Oversight and coordination of the preparation of the asset’s budget (alongside internal and external stakeholders) and ongoing actual versus budget appraisal process (monthly).
  • Update of rolling cash forecasts to identify potential cost overrun or upside, and management of funding of projects in collaboration with the Fund Finance team.
  • Implementing best in class and validating the monthly closures, invoicing, and payment supervision.
  • In the short term, this will be a hands-on role.
  • Management of the distributions to investors from the asset perspective and Management of the financing agreements and compliance with all the corresponding undertakings from the project side.
  • Tax oversight across regional portfolio
  • o Manage tax advisors
  • o Oversight of asset tax compliance with the support of external contractors
  • o Support delivery of asset transfer pricing exercises if applicable
  • o Support Central team in London with the annual Tax assurance process
  • Act as Asset Management Representative in new transactions as part of the Deal Team together with other members of the Asset Management Team and the Investment Team.

Requirements

  • No specific requirements listed.