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Greenbacker Capital SVP - Portfolio Management Lead in New York, New York

Company Description:

Greenbacker Renewable Energy Company is an independent power producer (IPP) and a leading climate-focused investment manager (IM), whose mission is to empower a sustainable world by connecting individuals and institutions with investments in clean energy. Since our founding in 2011, we’ve grown to over 200 employees in four offices—New York City, Portland, ME, Denver, CO, and Montpelier, VT—and other individual locations across the US, and have positioned ourselves as a market leader in energy transition, renewable energy, and sustainable infrastructure investments.

Greenbacker’s IPP business segment develops, acquires, owns, and operates income-producing clean energy infrastructure projects (e.g., solar energy, wind power, energy storage) in communities across the country. These assets sell power under long-term contracts to high-credit-quality counterparties, including utilities, municipalities, and corporations. As of 2023, our IPP fleet comprises over 400 projects, representing 3.4 gigawatts of total clean energy production and storage capacity. Within our IM business segment, Greenbacker Capital Management (GCM) serves as the registered investment adviser to five funds focused on green power generation and the energy transition, including private equity investment in growth-stage clean energy companies, across a wide range of sustainable infrastructure and renewables sectors.

Please visit www.greenbackercapital.com to learn more about our company, mission, team, and portfolios.

Greenbacker is committed to the full inclusion of all qualified individuals. As part of this commitment, Greenbacker will ensure that persons with disabilities are provided reasonable accommodations.

Location: Greenbacker’s NYC Office preferred, with potential option for Greenbacker’s Denver CO, Portland ME, or Montpelier VT offices

Requirements

Responsibilities:

We are seeking a highly skilled and motivated Portfolio Management Lead (SVP) to join our dynamic team. This individual will play a pivotal role in managing our portfolio of renewable energy projects, integrating key teams, and overseeing the financial performance of our projects, ensuring successful execution and growth. This person will report to the firm’s Managing Director – Head of Infrastructure.

Scope of Services:

  • Provide support and management of the overall portfolio of renewable energy projects

  • Develop and expand the portfolio management capabilities within the company

Team Integration:

  • Serve as a central point to integrate the Investment, Operations, Accounting and the Financial Planning & Analysis (FP&A) teams on project execution

  • Collaborate with team members to craft the necessary structures for portfolio management.

  • Determine optimal staffing strategies, utilizing existing team members effectively.

Operations Management:

  • Coordination with the Asset Management Team (AMT) to focus on operations.

  • Partner with AMT to develop and implement strategies to maximize the value and performance of assets.

  • Collaborate with AMT to monitor and analyze asset performance metrics, ensuring alignment with company goals.

  • Work with AMT to manage asset lifecycles, including maintenance, upgrades, and end-of-life planning.

Financial Management:

  • Work closely with the capital markets and treasury team to oversee the management of debt and tax equity financing.

  • Manage the return profile of all projects, ensuring financial health and sustainability

  • Collaborate with FP&A and Operations on annual budgets

  • Organize and coordinate with financial parties and internal stakeholders involved in our projects.

  • Collaborate with the Investment team to determine financing strategies.

Qualifications:

  • Proven experience in asset and portfolio management within the renewable energy sector

  • Strong understanding of financial management, including debt and tax equity financing.

  • Demonstrated ability to integrate and lead cross-functional teams.

  • Excellent organizational and communication skills.

  • Strategic thinker with the ability to craft and implement effective management structures.

  • Team-centric attitude with a focus on building a decarbonized future

  • Bachelor’s degree from a leading University with a focus on quantitative applications preferred

    The annual salary range for this position is $200,000 - $240,000 per year in New York City.

Benefits

  • Medical: 5 United Health Care Oxford options

  • Dental: Guardian – two options

  • Vision: Guardian / VSP – one option (100% employee paid)

  • Life and AD&D: Short term and long-term disability (both 100% employer paid)

  • Retirement/401(K): ADP/Voya with 50% match up to 6% of salary

  • Other: Medical and dependent care / Health Savings Accounts, Pre-tax commuter benefits through Optum

  • Time Off: 20 days paid time off, 7 sick days a year, 32 hours of VTO a year.

  • Mental Health: Modern Health: 24/7 access to Coaching and Therapy sessions for employees and dependents

  • Family Building: Coverage for infertility, adoption, surrogacy, and 16 weeks of family leave.

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