TC Energy Looking for Manager – Asset Management at Houston, TX  Full Time

Determined. Imaginative. Curious. If these are some of the ways you describe yourself – we want to learn more about you! At TC Energy, we are Energy Problem Solvers – passionate about transitioning North America to cleaner energy while meeting the energy demands of today and tomorrow. If that sounds like a challenge you want to help tackle, we want you to join our team!

Posting Close Date: December 7, 2023

The Opportunity

Our Power and Energy Solutions team is evolving to meet the needs of our growing business and we are expanding our presence in Houston, TX or Calgary, AB to support our growth in the energy sector.

We are seeking a Manager, Asset Management, who would be responsible for managing 3rd party asset obligations related to clean energy projects, including tax equity partner and project lender requirements; coordination between internal and external teams to ensure Operational Excellence; leading the integration of clean energy project or portfolio acquisitions on behalf of the business unit.

What You’ll Do

Manage 3rd Party Asset Management Obligations

• Administer owners’ and the project companies’ obligations and responsibilities under the project contracts, including compliance with covenants and requirements resulting from third party financing agreements
• Represent the company’s interest at the project level to assure maximum profitability and return on investment including participation in and scheduling the budget processes
• Manage cash positions, including project distributions, to minimize working capital and maximize distributions from the projects
• Work closely with management and tax equity partners to provide business updates, perform managing member responsibilities, and obtain consents as needed
• Maintain thorough awareness of commercial, financial, compliance and technical issues related to projects and act as a relative subject matter expert in these areas
• Liaise with the Operations team and equipment maintenance provider to evaluate and support on operational and O&M improvements
• Manage project operator, whether TC or a third-party provider, to effectively fulfill and execute internal and external reporting requirements
• Administer and execute monthly settlement of third party PPAs and offtake agreements
• Support the operator and Market Risk team in compliance with all regulatory requirements

Lead Integration of Projects or Portfolios

• Lead the integration of newly acquired assets, across all development and operational phases and technology types, with stakeholders in the Power & Energy Solutions business unit and Corporate Finance, Risk, and Regulatory functions amongst others
• Negotiate and manage post-closing activities with the seller via a transition service agreement when necessary
• Ensure smooth transition of project responsibilities and requirements by working with Treasury, Project Controls, and Risk teams
• Work with internal and external resources to continuously identify and execute strategies that optimize performance and achieve the target risk preferences of the project
• Facilitate collaboration amongst organizational cross-functional teams to find resolutions for any operational, financial, commercial, or technical issues

Minimum Qualifications

• Bachelor’s degree in Finance, Accounting, Engineering, or another quantitative discipline
• 10+ years of relevant experience in asset management and/or integration
• Strong conceptual, strategic and analytical thinking skills
• Experience in power generation, energy/utilities sector, or project finance strongly preferred
• Proven ability to interpret and administer project agreements, financing agreements, energy hedges, and other project related documents
• Excellent discretion in handling confidential information and in communicating with third parties
• Exceptional written and verbal communications skills
• Experience with various North American market compliance bodies, including NERC, SPP and ERCOT

Preferred Qualifications

• Previous experience integrating structured energy projects into large corporate frameworks
• Understanding of regulatory framework and stakeholders that influence energy sector
• Master of Business Administration or similar postgraduate degree

To remain competitive, support our high-performance culture and allow for more flexibility in the way we work, we offer a hybrid work model and flexible dress code for our eligible office-based workforce in Canada, the U.S. and Mexico.

About our business

TC Energy is a leading energy infrastructure company in North America. We have three complementary businesses of natural gas pipelines, liquids (oil) pipelines, and power generation. Our operations span three countries, seven Canadian provinces, and 34 U.S. states.

TC Energy is an equal opportunity employer.

Learn more

Visit us at TCEnergy.com and connect with us on our social media channels for our latest news, employee stories, community activities, and other updates.

Thank you for choosing TC Energy in your career search.

* Depending on qualifications, the successful candidate may be offered a position at a more appropriate level and/or ladder.

* Applicants must have legal authorization to work in the country in which the position is based with no restrictions.

* All positions require background screening. Some require criminal and/or credit checks to comply with regulations.

* TC Energy is committed to provide employment opportunities to all qualified individuals, without regard to race, religion, age, sex, color, national origin, sexual orientation, gender identity, veteran status, or disability. Accommodation for applicants with disabilities is available on request during the recruitment process. Applicants with disabilities can request accessible formats or communication supports by contacting [email protected].

TC Energy is an equal opportunity employer and participates in the E-Verify program supervised by the U.S. government.