Manager, Portfolio Management
Annapolis, MD / New York, New York
Portfolio Management /
Full-Time /
Hybrid
THE COMPANY
HASI is an investor in sustainable infrastructure assets advancing the energy transition. With more than $14 billion in managed assets, our investments are diversified across multiple asset classes, including utility-scale solar, onshore wind, and storage; distributed solar and storage; RNG; and energy efficiency. We combine deep expertise in energy markets and financial structuring with long-standing programmatic client partnerships to deliver superior risk-adjusted returns and measurable environmental benefits. HA Sustainable Infrastructure Capital, Inc. is listed on the New York Stock Exchange (Ticker: HASI). For more information, visit www.hasi.com.
POSITION SUMMARY
Hannon Armstrong is seeking a Manager to join our Portfolio Management team in New York, NY or Annapolis, MD.
The Manager of Portfolio Management (PM) will support in managing several of HASI’s investments in growing portfolio of portfolio in Behind-The-Meter (“BTM”) solar, which includes residential, commercial & industrial, and community solar. In addition, the individual would support due diligence in underwriting new debt / equity investments in the same space and other emerging areas. The Manager will play a pivotal role in ensuring that HASI’s portfolios are able to deliver on their performance targets by leading value optimization initiatives, solving problems, monitoring and managing risks, establishing and measuring key portfolio indicators (KPIs) to proactively understand performance, and maintaining strong and collaborative relationships with clients. The Manager PM will be responsible for the forecasting and tracking of portfolio performance, providing frequent (monthly/quarterly) performance updates to management and external investors, and overseeing junior members in the team. The Manager is expected to support portfolio optimization and syndication efforts.
SALARY RANGE:
Expected salary range of $140,000 - $180,000, based on experience and location. In addition, HASI offers an annual bonus program; 401(k) with company match; an equity incentive program; comprehensive medical, dental and vision benefits; paid time off for vacation, holidays, and sick days; and much more.
EDUCATION AND PRIOR WORK EXPERIENCE:
· 5-7 years of overall professional experience, with at least 3 years’ experience in investing, financing, and/or portfolio management in the North American energy sector,
· Bachelor’s degree in a business or technical discipline (i.e. engineering or finance/business). Relevant Master’s degree, CFA or other certification is preferred
RESPONSIBILITIES:
· The Manager PM will be part of a team responsible for maximizing the financial performance of HASI’s portfolio investments. The position requires maintaining a deep understanding of the underlying project assets and investment structures (financial, technical, and contractual)
· The Manager PM should be familiar with the deal documents, governance rights, HASI’s rights/obligations, and financial models of the portfolios they are helping to oversee
· The Manager PM should be able to support investment restructurings, workouts, modifications, and dispositions. Associated commercial responsibilities include, but are not limited to, developing workplans that facilitates the various workstreams for the internal cross-functional team across the enterprise to achieve the desired outcomes, assessing the corresponding value and risk, supporting the negotiations with counterparties, and reviewing final deal documents.
· Provide and manage financial modeling and other necessary support for valuation updates to existing portfolios and support the internal accounting and treasury teams for corporate reporting requirements and cash flow forecasting
· Act as a liaison with HASI’s external stakeholders - sponsors (owner/operators) and lenders/co-equity investors
· Support due diligence on new investments including, but is not limited to, reviewing key commercial contract terms and working with the Investment Team to negotiate acceptable outcomes, opining on revenue and expense assumptions, and analyzing the underlying market and regulatory value drivers and risks of the investment
· Provide feedback to the Investment Team leveraging the experience gained from the existing portfolio to strengthen future underwriting
· Monitor and analyze operating and financial performance across the portfolio, and conduct variance analysis of project and investment performance
· Support portfolio optimization initiatives by identifying key metrics and levers to enhance portfolio performance and reduce risk.
· Develop commodity and environmental attribute market intelligence that drives portfolio revenue growth
· Understand and internally communicate deal and transaction specifics and field ad-hoc requests from the business around investment data, performance and processes
· Work closely with cross-functional teams to facilitate the complete, accurate, and timely onboarding of new transactions and ongoing monitoring of investments
· Assist in preparation and presentation of periodic internal, leadership, and Board materials
· Lead and support portfolio syndication processes, including preparation of marketing materials, oversight of data room setup, coordination with potential investors, and management of due diligence workflows
SPECIFIC RECOMMENDED KNOWLEDGE AND SKILLS:
· Previous direct investment/financing experience in energy/renewable assets and related financial investments (i.e. project finance debt and equity) from either an owner/operator or financial investor perspective
· Experience working in a cross-functional team environment. Ability to manage a team with multiple priorities and adjust quickly to changing priorities
· Values diverse perspectives, highly collaborative, inclusive, able to bring out other view points from members of the team, and recommends decisions after considering others’ points of view
· High caliber and professional interpersonal, negotiation, communication, time management and presentation skills
· Dependable, reliable, plays to win as a team, and excellent at taking initiative and mentoring and managing Associates and Analysts in the team
· Organized, detail-oriented, can work independently, and be a supportive team member
· Solid working knowledge and understanding of commercial contracts, operations and maintenance, and regulations related to North American renewables a plus
· Strong financial analysis and modeling skills with experience in creating, reviewing, and analyzing financial models
· Advanced MS Excel, PowerPoint, and Word skills
· Excellent written and verbal communication skills
· Excellent interpersonal skills with the ability and desire to work in a fast-paced, innovative, entrepreneurial environment
EEO STATEMENT
The Company maintains a policy of non-discrimination in employment and complies with and supports all Federal, state, and local laws regarding discrimination in employment. Specifically, the Company does not discriminate in employment opportunities or practices against any employee, intern, or applicant on the basis of race, color, gender, sex, sexual orientation, gender identity, religion, ancestry, national origin, age, citizenship status, marital status, pregnancy (including childbirth, lactation, or related medical conditions), mental or physical disability, veteran status, uniformed servicemember status, genetic information (including testing and characteristics), or any other characteristic to the extent prohibited by federal, state, or local law. Decisions regarding staffing, selection, and promotions are made on the basis of individual qualifications related to the requirements of the position.