Associate Director of Asset Management

As Scout’s Associate Director of Asset Management, you will play a pivotal role in optimizing the financial performance of our growing portfolio of utility-scale wind and solar assets. Working alongside a team of specialized analysts, day-ahead and real-time traders, and asset managers, you will collaborate closely with our Project Finance, Operations, and Accounting teams to ensure seamless operations and maximum performance from each asset. 

The Associate Director of Asset Management will be responsible for overseeing the financial performance of a portfolio of renewable energy assets (solar, wind, storage, etc.). This includes financial, commercial, stakeholder relations, compliance, and operational aspects of the assets under your management. Your ability to integrate knowledge across these areas will enable the company to make informed, data-driven decisions that drive operational excellence. 

Reporting to the Senior Vice President of Asset Management, this newly created role reflects the expansion of our portfolio and our commitment to maintaining best-in-class asset performance. You will be relied upon to conduct deep financial analyses, identify optimization opportunities, and lead initiatives to achieve a better operational state. 

This position offers an exciting opportunity to shape the future of our renewable energy operations while contributing to a sustainable energy transition. 

Key Responsibilities 

As the Associate Director of Asset Management, you will lead a team of asset managers and analysts responsible for the following areas: 

Financial Performance and Reporting 

• Develop a comprehensive view of each facility’s financial plan and performance. 

• Maintain and update the operating project’s financial models, including investor partnerships and back leverage, and provide recommendations for improvement. 

• Develop and manage short and long term cash available for distribution models for the operating projects to maintain sufficient liquidity. 

• Prepare and deliver regular performance reports for internal and external stakeholders, including investors, management, and lenders. 

Commercial Operations and Compliance 

• Manage commercial agreements, including Power Purchase Agreements, Financing Agreements, and Operating and Maintenance Agreements. 

• Lead contract negotiations to optimize terms and mitigate risks. 

• Oversee compliance with all contractual, regulatory, and operational requirements for each facility. 

• Review project documentation, maintain a covenant tracker, and monitor compliance for both back-leverage and project contractual requirements. 

Project Transitions 

• Lead the onboarding of new projects, developing and improving the handoff process between Development, Construction, and Asset Management teams. 

• Working with the Project Finance team, act as the AM&O lead for evaluating project divestments and new investments including financial modelling and responding to due diligence requests. 

Stakeholder Management 

• Build and maintain strong relationships with key external stakeholders, including investors, off-takers, vendors, property owners, local governments, and permitting agencies. 

• Act as the primary point of contact for stakeholder communications, ensuring alignment and collaboration. 

Collaboration with Internal Teams 

• Partner with the Development team to provide input on the pro-forma financial model for new projects, ensuring alignment with operational realities. 

• Support the seamless transition of projects from Construction to Operations. 

• Lead the development of processes, procedures, and reports that enhance team efficiency and portfolio profitability. 

Strategic Leadership and Communication 

• Communicate proactively with Asset Management leadership and team members to identify trends, opportunities, and challenges. 

• Present analysis, propose solutions, and make recommendations to enhance decision-making. 

• Contribute to special projects and cross-functional initiatives as requested. 

This leadership role demands strategic thinking, attention to detail, and a hands-on approach to ensuring the financial, operational, and commercial success of the portfolio. You will be instrumental in driving continuous improvement and achieving the company’s goals. 

Requirements

• Bachelor’s degree in Engineering, Business, Finance, or a related field. Master’s degree preferred. 

• 7+ years of experience in asset management, portfolio management, or project management, preferably within the renewable energy industry. 

• Strong knowledge of project financing agreements, including back leverage and tax equity partnerships. 

• Proven track record of managing large-scale energy portfolios with a focus on performance optimization and financial success. 

• Expertise in financial modeling, budgeting, and P&L management. 

• Strong understanding of legal contracts and project finance. 

• Familiarity with energy price formation, regulatory requirements, and compliance standards in the renewable energy sector. 

• Excellent communication, presentation, and interpersonal skills. 

• Strong analytical and problem-solving abilities, with a focus on continuous improvement. 

• Leadership experience with a demonstrated ability to build and manage effective teams. 

Timeline and Location  

Located in or willingness to relocate to a commutable distance to our Boulder, CO office is preferred. Remote work arrangement will be considered for the right candidate.  

This position requires up to 25% travel to operating sites in the U.S.  

Invitation to Women and U.S. Underrepresented Groups  

We encourage applications from all demographics and especially those that are traditionally underrepresented in the energy industry. Consistent with our core values, Scout celebrates the diversity of thought and experience that comes from a range of backgrounds including, but not limited to, gender, race, and ethnicity.  

Invitation to Veterans  

Scout welcomes veterans of the United States Armed Forces to apply for this position. Scout includes veterans of all branches and a diverse set of occupational specialties. We value the independent thinking, problem solving, leadership, and teamwork that our veterans have developed through their service. We welcome applications from any service and any military occupational specialty. 

Scout’s Values 

Mission-Orientation. High achievers who want to make a difference in this world and contribute to Scout’s stated mission. 

Teamwork. Respectful and appreciative colleagues with strong interpersonal skills and a commitment to fostering positive relationships across organizational boundaries to deliver on shared team goals. 

Safety. Uncompromising advocates for the health and safety of fellow employees, contractors, customers, and community members. 

Integrity. Ethical professionals who do the right thing even when it is difficult. 

Initiative. Resourceful self-motivators who thrive in a fast-paced, entrepreneurial environment because of their exceptional leadership, work ethic, and organizational skills. 

Intelligence. Problem-solving learners who can make informed decisions quickly and create innovative and pragmatic solutions to challenging problems. 

Benefits

Target base salary: $160,000- $180,000 (Negotiable for the right candidate.)  

Attractive bonus potential.   

Scout offers a full range of benefits, including medical/dental/vision insurance with attractive premiums, 401(k) match, STD, LTD, an Employee Assistance Program, and a range of optional supplemental insurance coverage.