Openings at National Grid Renewables

Associate, Investments & Portfolio Management

Job Title
Associate, Investments & Portfolio Management
Job ID
Bloomington,  MN 55437
Other Location
National Grid Renewables, which includes the renewables development company formerly known as Geronimo Energy, is a leading North American renewable energy company based in Minneapolis, Minnesota, with satellite offices located in the regions where it develops, constructs, and operates renewable energy projects. As a farmer-friendly and community-focused company, National Grid Renewables develops projects for corporations and utilities that seek to repower America’s electricity grid by reigniting local economies and reinvesting in a sustainable future. National Grid Renewables is part of the competitive, unregulated Ventures division of National Grid and has a portfolio of solar, wind, and energy storage projects located throughout the United States in various stages of development, construction, and operation.

National Grid Renewables develops high-value, competitive renewable energy projects. Our focus on communities and farmers means it’s not just about projects, but about the people we work with, both outside and inside our organization. National Grid Renewables Team Members embody our foundational culture of being entrepreneurial, creative, and nimble and take pride in supporting National Grid’s vision to be at the heart of a clean, fair, and affordable energy future for all.


The Associate, Investments and Portfolio Management is a key member of the investment team at National Grid Renewables (NGR). You will support all aspects of the business, including business strategy, investment management through leading projects through investment approvals, portfolio management through monitoring portfolio diversification and recommending opportunities for operational improvement, and pipeline management through producing analysis to support influencing the development pipeline to meet strategic goals. You will work closely with other teams within the NGR team, including Development, Origination, Construction, Engineering, Project Management, Legal, Tax, Project Finance, and Asset Management.
The Investments and Portfolio Management function at NGR is responsible for (i) end-to-end investment management, including ensuring transparent decision making throughout development, investment, and operations; (ii) managing and optimizing the NGR portfolio to execute on the agreed upon strategy elements; and (iii) owning data insights to facilitate producing the appropriate pipeline that will deliver on the long-term strategy owning and operating a diverse portfolio of onshore renewable energy assets, working with the NGR leadership team.

Key Accountabilities
Job duties of this role span the entire business, from development through operations.

  • Implement a business strategy aligned with the organization’s vision to achieve and surpass the long-term strategic goals
  • Analyze and report directly to Manager on the alignment between annual plan, business planning, and strategy
  • Research and assess economic and market trends to support strategic decisions
Investment Management
  • Produce and present detailed pro-forma financials to the various investment stakeholders (Joint Venture Partners, Tax Equity Partners, etc.)
  • Compile information and procure financial models to support the Origination, Management, and Project Finance functions
  • Collaborate with project engineers, originators, developers, and pre-construction team to develop and refine appropriate assumptions for project models
  • Build internal business case for proposed projects (payback, IRR, NPV, risk assessment, etc.)
  • Analyze complex legal documents to determine impacts to financial model and investment strategy
  • Procure and provide financial commentary to senior leaders for Investment Committee meetings
  • Lead projects through the internal investment processes to ensure milestones are met in a timely manner
  • Collaborate with the Vice President of Project Finance on modeling responsibilities throughout project finance transactions, including term debt, tax equity, and cash equity investments
  • Procure and update financial models for the Vice President of Project Finance during the Tax Equity financing process, and assist in communicating to Tax Equity Partners on project milestones, risks, and returns
  • Perform M&A due diligence on potential project acquisition opportunities by preparing buy-side project models and analyzing crucial project metrics
  • Implement initiatives to improve financial optimization, underwriting, deal tracking, etc.
Portfolio Management (Operations)
  • Review, compile, and model current and future portfolio performance
  • Compile and summarize financial data and performance of operational assets
  • Recommend changes to Executive Management on portfolio and assets based upon investment performance and desired portfolio composition
  • Analyze and propose opportunities for operational improvement
  • Monitor portfolio diversification and strategy
Pipeline Management (Development)
  • Influence development pipeline to meet strategic goals and desired overall portfolio structure
  • Interpret and review terms in power purchase agreements, operating agreements, and financing agreements to ensure alignment with the financial model
  • Enhance pipeline valuation to assess the pipeline quality and reporting
  • Model late-stage wind, solar, and storage projects
  • Provide insight to the Origination team to ensure new offtake contracts are aligned with the desired operating portfolio metrics
  • Responsible for training in and mentoring new employees on the Investments and Portfolio Management team
  • Audit pro forma financial models to ensure accurate representation of project risks and returns
  • Performs other job-related duties as assigned

Role model the National Grid values
  • Do the Right Thing
  • Find a Better Way
  • Make it Happen
Lead by example and be able to demonstrate high levels of leadership skills in the areas that are important to National Grid
  • Create belonging
  • Set direction
  • Drive change
  • Deliver results
  • Develop others
Technical Capabilities (Knowledge, Skill, Experience)
  • Educated to Bachelor’s degree level (in a relevant discipline)
  • Experience 2-5 years
  • Experience in renewable energy, power, or infrastructure preferred, but not required
  • Collaborative positive attitude
  • Driven and self-motivated
  • Analytical minded and detail-oriented
  • Strong written and oral communicator
  • Ability to adapt quickly to changing priorities
  • Experience using Microsoft Office Suite

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