Associate Asset Manager – Renewable Energy

Supervisor Title: Managing Director, NT Solar

Location: Washington, DC

Job Summary:

As a leading national tax credit syndicator, NT Solar finances the transformation of sustainable communities nationwide with Solar Investment Tax Credits (ITC). Our women-led investment team raises capital from investors and directs it to developers managing solar energy projects. NT Solar is a subsidiary of the National Trust Community Investment Corporation (NTCIC), an affiliate of the National Trust for Historic Preservation, and one of the most active tax credit syndicators in America.

NT Solar is seeking an Associate Asset Manager to have primary asset management reporting and compliance responsibilities for the NT Solar portfolio of tax credit investments (ITCs). The Associate Asset Manager will focus on activities from post-closing/funding through a 5+ year period until exit.

Duties:

Under the direction of the Managing Director of NT Solar, independently oversee compliance and reporting for a portfolio of solar and battery storage tax credit investments within the NT Solar portfolio
Build and strengthen relationships with energy sponsors/developers, ensuring collaboration which results in timely delivery of all required reporting (e.g. reports on safety and efficiency, production summaries, revenue, payment of scheduled cash distributions and any other monthly, quarterly, and/or annual reporting)
Organize, evaluate, and synthesize reporting information for the portfolio which includes a wide variety of project sizes, technologies, off-takers, and geographies
Identify changes in asset performance from closing projection expectations. Perform asset risk evaluations and monitor accordingly.
Maintain relationships with tax credit investors, with a keen eye for financial, legal, and compliance risk management
Respond to ad-hoc investor questions and requests related to asset performance and compliance
Identify and analyze underperformance issues; recommend and implement solutions to maximize the financial and operational performance of the portfolio and ensure investor streams of benefits are delivered as projected
Collaborate with accounting to generate invoices and manage receipt of asset management fees, preferred returns, and residual cash flow distributions
- Update project-level benefit schedules
- Calculate project-level ROI as necessary to meet required target returns
Support the preparation of monthly fund benefit schedules and various other financial reporting obligations
Update and maintain asset management systems, including salesforce; SharePoint; databases; reports; and electronic integration of asset management systems
Track closing projections, project-level reporting (including audit and tax return receipt), and upper-tier fund-level reporting

Qualifications:

Hybrid, Washington D.C.; fully remote applicants will be considered with experience
B.S./B.A. degree or higher
3+ years of experience in asset management required, preferably managing solar, battery storage and other renewable energy assets for a developer, owner/operator, IPP, or an asset management firm
Familiarity with contractual documents, including Equity Capital Contribution Agreements, Operating Agreements, Off-take Agreements, O&M Agreements, EPC Agreements, and Interconnection Agreements
Understanding of Renewable Energy investment structures and tax impacts
Demonstrated financial acumen and experience managing/interpreting tax equity financial models
Highly Proficient in Salesforce, Microsoft Excel and Teams, O365/SharePoint
Excellent verbal and written communication skills required
Well-developed analytical and problem-solving skills
Must possess acute attention to detail
Proven track record of working well within a team environment, taking ownership of processes and procedures

Pay & Benefits:

Salary Range: $100,000 – $115,000 per year commensurate with experience

This is a full-time, exempt-level position, eligible for full benefits, including health, dental, life insurance, retirement benefits, and 3+ weeks of vacation, plus sick time and holidays.

National Trust Community Investment Corporation (NTCIC) and NT Solar offer a progressive work environment, competitive pay, and an excellent benefits package, including medical, dental, vision, paid time off, life/disability insurance, commuter flex accounts, and a 401(k). NTCIC is an equal opportunity organization and does not discriminate based on race, color, religion, national origin, sex, age, sexual orientation, veteran status, or disability. NTCIC actively seeks opportunities to include members of these groups in its programs and activities.

National Trust Community Investment Corporation and NT Solar are equal opportunity organizations that do not discriminate on the basis of race, color, religion, national origin, sex, age, sexual orientation, veteran status, or disability. NTCIC and NT Solar actively seek opportunities to include members of these groups in their programs and activities.