Position Summary

The Asset Manager performs a wide variety of tasks related to the planning, developing and reporting of Ormat’s revenues and expenses.

 

Essential Functions

Management reporting to investors and government agencies (DOE, MMS, FERC, CEC).

Develop and maintain discounted cash flow models, operating cost models and royalty accounting models.

Perform and manage royalty true-ups, reconciliations, audits and other compliance functions.

Certify and verify monthly revenues and royalty payments.

Prepare and update forecast of energy and capacity rate changes and communicate changes to Plant Managers.

Review and approve monthly and quarterly revenue analyses per SOX procedures.

Revenue and cost forecasting, budget vs actual analysis and year over year analysis.

Contract management and invoicing and assisting with bonds and grant applications.

RECs management and reporting and verifying accuracy of annual compliance report.

Assist the accounting department with revenue and royalty analysis.

Prepare and track investor budgets and operating reports according to financing agreement requirements.

Reconcile annual PPA supply obligations with actual deliveries and if applicable negotiate and draft settlement agreements and estimate shortfall penalties.

Prepare operational summaries and compile data for annual review.

Prepare and update Power Purchase summaries and agreements.

Supervise and provide guidance to the Asset Management team.

Prepare ad hoc analysis and data gathering.

Ability to work weekends and evenings when required.

Other Responsibilities

Other duties and projects as assigned by management

Education, Experience, and Skills Required

A Bachelor’s of Science in Economics, Finance, or Accounting required, a Master’s degree is preferred.

5 years’ related experience including supervision.

Must have excellent presentation and communication skills.

Must have strategic management, good judgment and decision making skills.

Must be results and detail oriented with the ability to focus on short term and long term results.

Must have good management and leadership skills.

Must be self-directed with the ability to work under pressure.

Must be able to use and acquire knowledge of a variety of computer software applications in word processing, spreadsheets, database and presentation. Must be proficient in MS word, Excel, Power Point and use of the internet.

Must have the ability to read, write and speak English at a level that will permit the employee to understand and communicate information in a manner that will enable the employee to safely and efficiently perform the job duties.

 

Physical  Requirements       

The ability to work at a computer, and computer monitor, and use repetitive motion for long periods of time.

The ability to occasionally lift up to 25 pounds.

This position requires sitting 80% of the time and standing and walking 20% of the time. Requirements