Asset Management

Compliance Manager

This position will work in our Asset Management team and play a vital role in overseeing the financial and regulatory obligations of Adapture Renewables’ solar assets across the U.S.

Opportunity

Adapture Renewables, Inc. is an expert in developing, financing, engineering, building, and operating utility-scale photovoltaic systems. Drawing upon an extensive knowledge base, we realize projects with speed, flexibility, and high quality. Our Asset Management team is looking for a talented Compliance Manager to help support the efforts of our fast-growing company. The position will be based in our Oakland, California office. Adapture Renewables, Inc. is a subsidiary of the Danish KIRKBI Group.

Overview

This position will work in our Asset Management team and play a vital role in overseeing the financial and regulatory obligations of Adapture Renewables’ solar assets across the U.S., ensuring financial covenants are fulfilled and regulatory commitments are met. As the go-to person for all compliance matters, this person will coordinate closely with the Project Finance and Accounting teams and will be the primary interface between the Asset Management team and its project financing partners, federal and local agencies, and offtaking utilities. The Compliance Manager is key in maintaining the balance between corporate and project entity interests, so a high degree of intuition and reasoned judgment is essential.

Core Responsibilities

  • This position is within our Asset Management team and plays a vital role in overseeing the financial and regulatory obligations of Adapture Renewables’ solar assets across the U.S., ensuring financial covenants are fulfilled and regulatory commitments are met. As the go-to person for all compliance matters, this person will coordinate closely with the Project Finance and Accounting teams and will be the primary interface between the Asset Management team and its project financing partners, federal and local agencies, and offtaking utilities. The Compliance Manager is key in maintaining the balance between corporate and project entity interests, so a high degree of intuition and reasoned judgment is essential.
  • With feedback from Project Finance, formulate and create accurate budget tracking processes and models as new portfolios and financing structures are adopted
  • Prepare and submit scheduled (and unscheduled if needed) draw/transfer requests as stated in the finance documents
  • Work with Asset Management, Project Finance, Legal, and Accounting to ensure finance document covenants are fulfilled in a timely and accurate fashion by sourcing and submitting operating reports, financials, officer’s certificates, and any necessary consents or waivers
  • Communicate with regulatory agencies and Adapture Renewables’ finance partners to field inquiries and requests
  • Work with the Accounting team to ensure revenue is received and expenses are paid in accordance with contract terms
  • Fulfill regulatory filing obligations, both initial and ongoing – includes EIA, WREGIS, FERC/NERC, and any state or local regulatory requirements
  • Complete both the initial and ongoing annual property tax filings
  • Contribute to the continued improvement of Asset Management policies and procedures with the aim of efficiency, timeliness, and accuracy
  • Document the timely completion of all compliance obligations in Adapture Renewables’ asset management platform
  • Provide feedback and recommendations to Adapture Renewables’ preferred asset management platform provider
  • Generate periodic financial performance assessments of operating portfolios as requested by senior management
  • Communicate closely with the Senior O&M Manager and the Finance department to bring substantive issues to light that may require focused attention or supplemental reporting

Qualifications and Experience

  • Minimum of 3-5 years of prior solar asset management experience with an emphasis on financial and regulatory compliance
  • Excellent working knowledge of Excel, Outlook, Word and a thorough understanding of today’s solar finance structures
  • Experience in the transition of projects from construction to long-term financing under various finance structures is a plus
  • Ability to communicate effectively with financial partners, regulatory agencies and regional utilities
  • Deep understanding of finance documents and operating contracts, with a strong ability to identify and interpret relevant clauses as needed
  • Excellent written and verbal communication skills required
  • An ability to adapt to fluctuating workloads is important

Benefits Package

  • 401(k) plan with company matching
  • Competitive health, vision and dental benefits
  • Attractive personal time off and company holiday package
  • Work-from-home policy
  • Salary commensurate with experience

Note

Qualified candidates only. No search firms. Adapture Renewables, Inc. is committed to equal employment opportunity.

How to apply

Send cover letter and resume to careers@adapturerenewables.com. No phone calls.

Our contact details

Adapture Renewables, Inc.
Phone (844) 367-7272
Fax (510) 788-2762
www.adapturerenewables.com
1901 Harrison Street, Suite 1630, Oakland, CA 94612