• Job Description

  Req#: R230100914

  Glennmont Partners invests in renewable power generation projects and assets in Europe, US and Asia Pacific. It raises long-term capital to invest in alternative power generation projects, such as solar, on- and off-shore wind farms, battery storage, small-scale hydro power plants and biomass power stations. Glennmont has invested over 3BN in mixed renewable energy generation offering investors a balance of yield and return and its carefully selected, risk managed investments have delivered sustained performance and predictable returns over periods of 10 years or more. Investment includes assets in operation, in construction and development projects. Glennmont Partners is currently in the process of raising its fourth fund which is targeting commitments in excess of USD 2.5bn. In 2021 Nuveen, a leading global investment manager with over $1.2 trillion of assets under management, acquired Glennmont and as part of Nuveen, Glennmont Partners is experiencing strong growth in the US and looking for future expansion.
  
  The Asset Controller will be responsible for the commercial and operational performance of an asset, overseeing all activities and acting as the central contact point for internal and external stakeholders. The ideal candidate will drive and manage all aspects concerning operations and asset management of the projects. The ideal candidate will be willing to expand their technical, legal and commercial skills to support the growth of the company. In addition, this specific role provides an opportunity to become part of the Asset Management team, managing a specific portfolio of assets and learning best in class operational management skills.

  
  
  Key Responsibilities and Duties

  • 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.
  • Oversight and coordination of the preparation of the asset’s budget (alongside internal and external stakeholders).
  • 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.
  • Managing and validating the monthly closures, invoicing, and payment supervision.
  • Oversight during preparation of the annual accounts and the audit processes.
  • Management of the distributions to investors from the asset perspective.
  • Management of the financing agreements and compliance with all the corresponding undertakings from the project side to maximize distributions.
  • Support of tax oversight
  • Manage tax advisors.
  • Oversight of asset tax compliance with the support of external contractors
  • Support delivery of asset transfer pricing exercises if applicable
  • Act as Asset Management Representative in new transactions as part of the Deal Team and together with other members of the Asset Management Team and the Investment Team.
  • Take over responsibility of new investments from the Investment Team and integrate in the existing portfolio from an operational, legal, accounting, tax, financial and modelling point of view.
  • Support monthly/quarterly reporting: control and analysis of performance of operating assets against approved budgets and P&L. Detailed analysis will include production figures, liquidated damages and insurance claims, and any imbalance in Opex.
  • Support delivery of monthly/quarterly asset management report. Collect, review and provide all appropriate information required by the Asset Management Committee (AMC) in relation to the fund portfolio. Additionally, produce comprehensive reports to the AMC and investors on the performance of the operating assets, and any ad hoc requests.
  • Support the development of best-in-class reporting standards.
  • Support the Fund Finance team e.g., investor reporting commentary, downstream/upstream cashflow management, cashflow planning and reporting, local holding structure deal support.
  • Support the Investors Relations team with investor queries.
  • Oversight and coordination of preparation of financial reporting
  • Use of the portfolio reporting tool to identify asset level performance and issues.

  Educational Requirements

  • University (Degree) Preferred

  Work Experience

  • 3+ Years Required; 5+ Years Preferred

  Physical Requirements

  • Physical Requirements: Sedentary Work

  
  Career Level
  7IC

  Required Qualifications:

  • 3+ years experience in commercial asset management or project management

  Desired Qualifications:

  • 5+ years experience in commercial asset management or project management

  • Financial knowledge of renewable energy projects

  • Technical knowledge of different renewable technologies

  • Hybrid interest in commercial and technical aspects of asset management

  • Transaction experience from origination to execution

  • Financial modelling experience

  • Experience with Project finance documentation

  • Power industry experience

  • Interest in the renewable energy sub-space

  • Experience in management accounting, investment review, tax structuring

  • MS Office, advanced Excel skills

  #LI-EL1

  Related Skills

  Accountability, Accounting Standards, Business Acumen, Client Relationship Management, Collaboration, Communication, Compliance, Data-Driven Business Intelligence, Due Diligence, Executive Presence, Financial Acumen, Financial Modeling, Financial Risk Management, Financial Statements, Fund Accounting, Market/Industry Dynamics, Stakeholder Engagement, Story Telling

  Base Pay Range: $71,500/yr. - $137,000/yr.

  Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).

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  Company Overview

  Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information about the firm please visit our website at www.Nuveen.com

  Benefits and Total Rewards

  The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary.

  Equal Opportunity

  We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.

  Read more about the Equal Opportunity Law here.

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  If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:

  Phone: (800) 842-2755

  Email: accessibility.support@tiaa.org

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• About the company

  The Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, is a Fortune 100 financial services organization that is the leading provider of financial services in the academic, research, medical, cultural and governmenta...

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