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VP Asset Management - O&M
Job Opportunity at
The David Wood Company
Posted on Oct 25
+1 (360) 260-0979
Our Client is responsible for a portfolio of Independent Power Plants, located in the U.S. They are looking to hire a VP Asset Management - O&M (Operations & Maintenance) to manage that portfolio.
Role and Responsibilities
VP Asset Management – O&M
is primarily responsible for effectively managing the North American regional portfolio P/L (i.e., costs and revenues) with a focus on optimizing plant operations and maintenance, plant efficiency, third party O&M agreements and OEM contract strategies as well as maintaining and developing power industry relationships and keep up to date on power industry technology. The
VP Asset Management – O&M
will also manage the portfolio in accordance with the risk parameters/guidelines set forth by the organization.
This position will interface with Technical contractors, Plant Operations & Maintenance (staff and third party contractors) and Asset Management contractors on a broad range of key issues related to the successful operations of power projects. He or she will possess a high degree of technical expertise in the electric generation business sector, with emphasis on the technical operations and maintenance.
Portfolio & Asset Management
Responsible for oversight of the optimization of Company’s generation portfolio.
Manage regional power generations assets technical and O&M oversights, through interactions with Asset Management contractors, third party O&M contractors and major power industry OEM.
Establish and maintain effective contacts and business relationships to successfully execute the daily operations and maintenance of Company facilities, through cooperation with contractors, partners, plant staff, CTO department and Company organization.
Actively track and report the status of Company’s regional assets to Regional CTO and senior management on a regular basis.
Perform Monthly technical calls with all relevant assets to insure adherence to approved Business Plans.
Responsible for management, investigation, reconciliation and resolution of issues related to technical failures and inefficiencies at Company plants.
Conduct regularly scheduled audits and inspections of Company plants in order to insure good standards of O&M in accordance to industry and Company standards.
Actively manage/update annual / monthly budget progress & variance with third party operators and Asset Management contractors in order to insure budget adherence.
Responsible for negotiating third party O&M agreements, LTSA / CSA agreements and other OEM related agreements in order to optimize plant cost efficiency.
Collaborate with VP Asset Management - Commercial and Energy Management contractors to optimize related power and fuel trades.
Operational / Regional Leadership
Liaise with Assets Commercial team.
Work with Chief Technical Officer, Third party O&M contractors, Asset Management Contractors and direct Operations to support optimization/management of daily operations & maintenance.
Work with Chief Technical Officer, VP AM / Commercial, Asset Management Contractors to review optimization strategy(s) results to determine effectiveness and to propose new and modified strategies.
Validate Accounting accrual and PPA’s including meeting with Risk, Operations and Accounting to understand and approve volumetric reconciliation and accruals.
Prepare for, and participate in Weekly and Daily Sales/Structuring calls and provide meaningful market information for “Weekly Report” which is distributed internally/externally.
Provide updates to Structuring to support Weekly Asset Management Report Framework.
Actively monitor industry technological improvements in order to stay updated on industry improvements.
Liaise closely with OEM’s of main equipment and join technical conference of OEM’s in order to be updated on generation market main equipment and services.
Qualifications and Education Requirements
Excellent leadership and communications skills, independent thinker with commercial savvy.
Must have excellent knowledge of the IPP power generation business in Americas.
Must demonstrate strong quantitative, analytical and problem solving skills with an emphasis on attention to detail and approachability throughout the organization.
Robust Knowledge of power generation equipment including gas fired turbines, steam turbines, HRSG’s, transformers, ACC, solar and wind power equipment is required.
Ability to manage multiple highly complex assignments and meet deadlines on a timely basis with a high degree of accuracy.
Excellent computer skills with an emphasis on PI, Maximo, SAP ERP, Excel, Word and other CMM related platforms.
Math, Business, Finance, Engineering degree required.
20 Years power related experience.
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