Job Description

As an NRG employee, we encourage you to take charge of your career and development journey. We invite you to explore exciting opportunities across our businesses. You’ll find that our dynamic work environment provides variety and challenge. Your growth is key to our ongoing success—take the lead in shaping your career development, goals and future!

Job Summary: 

NRG Energy is seeking a Director or Manager of Asset Management to provide professional business services to optimize the financial and operating performance of generation assets primarily within the East Region. This is accomplished by providing strategic recommendations and analysis of power plant operation, commercial opportunities and investment to deliver maximum financial value to the Company.

Essential Duties/Responsibilities:

Include, but are not limited to, the following:

• Budgeting and P&L performance responsibility for assigned generating assets within the East Region portfolio and other NRG regions as may be assigned.
• Partner with, assist and advise, operating company management and commercial team to maximize the economic value of regional facilities and prevent any undue constraints or limitations on the ability of the company to conduct business successfully.
• Interface across the organization with all functional groups on issues impacting the P&L of the assets including, plant operations, commercial operations, environmental, risk, finance, accounting, insurance, development, regulatory and government affairs.
• Provide oversight and review of plant budgets, forecasting, financial and operational variances, and any asset related optimization or investment decision making activity.
• Manage financial analyses, project evaluations, perform due diligence and make recommendations in support of acquisitions, divestitures, recovery plans and other major projects and capital investment and revenue enhancement proposals.
• Support valuation analyses, divestiture, acquisition, re-powering and other strategic alternatives to help ensure that the business plan is optimized for maximum sustainable value.
• Work closely with operations, treasury, tax, accounting, and commercial operations to determine appropriate modeling assumptions and structuring.
• Gather, analyze, prepare, and summarize recommendations for financial plans, acquisition activity, future requirements, operating forecasts, etc.
• Assist negotiations with PUCs, ISOs, city, county and state authorities and governing boards.
• Work closely with Government and Regulatory affairs to support industry and governmental business relationships/contacts.
• Negotiate long-term contracts with partners and customers working with the Power Marketing, Operations and Legal Departments.
• Maintain industry knowledge of market drivers, competitive grid, and industry trends.
• Interface for regional Business Development and Construction activities as needed.
• Other duties as assigned by manager including responsibility for relationship with long-term customers, partners or joint asset owners, transmission providers, etc.

Working Conditions:

• Normal office environment and/or power plant environment.
• Requires operation of a motor vehicle and valid US Driver’s License.

Minimum Requirements:

• Bachelor’s in accounting, engineering, finance, economics or business/science degree, and a minimum of five or more years of experience in the successful commercial management of assets. 
• Must have extensive experience using PowerPoint for making presentations and using Excel with a focus in economic modeling.
• An understanding of regional ISO/RTO energy, capacity and ancillary service markets and hedging.
• Knowledge of large-scale conventional power plant design and operation.
• Ability to travel occasionally as required throughout the region and to other NRG locations.

Preferred Qualifications:

• Power generation/utility experience.
• Strong knowledge of wholesale electric markets, preferably in the NY, PJM, and ISO-NE markets.

Additional Knowledge, Skills and Abilities:

• Excellent verbal and written communication skills and an honest, open communication style with the ability to effectively get buy in from various groups at different locations.
• Demonstrated ability to manage the business environment across a portfolio of generation plants; technically oriented with experience in, gas, oil and/or coal technology.
• Strong business and financial savvy with the ability to support a high-performance organization that will deliver operational excellence and meet or exceed financial targets.
• Demonstrated computer literacy, including PowerPoint, Excel, Word and SAP desirable.

Physical Requirements:

• Occasionally requires wearing personal protective safety equipment (respirators, safety glasses, hard hat, appropriate footwear, ear plugs, appropriate gloves, etc.).
• May be required to work around rotating and energized equipment, hazardous materials and chemicals.
• Occasionally requires lifting as appropriate to perform duties and responsibilities.

The base salary range for this position is: $160,720 - $265,200* *The base salary range above represents the low and high end of the salary range for this position. Actual salaries will vary based on several factors including but not limited to location, experience, and performance. The range listed is just one component of the total compensation package for employees. Other rewards may include annual bonus, short- and long-term incentives, and program-specific awards. In addition the position may be eligible to participate in the benefits program which include, but are not limited to, medical, vision, dental, 401K, and flexible spending accounts.  

If you reside in or intend to work remotely from California, Colorado, Connecticut, Hawaii, Illinois, Minnesota, Nevada, New York, Ohio, Washington D.C., Washington State or another state or locality with a pay transparency law, you may contact Careers@nrg.com for compensation information related to this position and other information as required by applicable law. Please include the job title in your request.

NRG Energy is committed to a drug and alcohol-free workplace. To the extent permitted by law and any applicable collective bargaining agreement, employees are subject to periodic random drug testing, and post-accident and reasonable suspicion drug and alcohol testing. EOE AA M/F/Vet/Disability. Level, Title and/or Salary may be adjusted based on the applicant's experience or skills.

Official description on file with Talent.

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