Manager - Credit Entitlement
Princeton, NJ 
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Posted 24 days ago
Job Description
What The Role Is

This newly established position will preside over the management and verification function for Clearway to claim tax credits under the Inflation Reduction Act ("IRA"). Specifically, this individual will liaise across the Clearway enterprise to ensure that Clearway fully meets the IRA's various requirements for the generation of investment tax credits ("ITC") and production tax credits ("PTC"), including the necessary recordkeeping and data analysis/monitoring obligations. This position will report to the Vice President of Tax.

What You'll Be Doing
  • Establishing and maintaining an understanding of the IRA's key provisions, issued guidance implementing these provisions and emerging "market" interpretations, principally with respect to Domestic Content ("DC"), Prevailing Wage & Apprenticeship ("PWA") and Tax Credit Transferability Requirements;
  • Establish policies to ensure necessary compliance (including documentation support and review processes, such as the monthly review of payroll information for PWA purposes) with the IRA requirements both during construction and for relevant periods post-completion with respect to "alteration and repair" work;
  • Creating, in conjunction with the Tax, Legal and HR Departments, a repository for compliance support materials;
  • Establishing processes and procedures to ensure that all project related procurement and O&M documentation contains necessary compliance and recordkeeping provisions;
  • Assisting the business with evaluating which manufactured components used in projects should be "domestically" sourced in connection with seeking any additional credits with respect to domestic content;
  • Coordinating with the Procurement, Construction, Operation and Maintenance and HR departments to identify, collect, verify, and review necessary information for tax credits compliance associated with base credits (including beginning of construction, valuation information, PWA exemptions or PWA compliance information), and DC and Energy Communities additional credits
  • Establishing periodic reports to identify completeness of recordkeeping (and any potential non-compliance gaps) with regards to records retention and particularly with respect to the PWA requirements to cure any identified defects;
  • Coordinating with the head of tax compliance on preparing necessary information for the pre-registration process of entities (including annual submissions) for tax credit transfers and with the preparation of "minimum documentation" packages required to be provided to tax credit transferees;
  • Establishing and maintaining a process and reporting regime that monitors the necessary requirements for each relevant transaction and the status/requirements of all relevant agreements;
  • Preparing and providing information concerning credit qualification as part of transaction due diligence processes;
  • Reporting IRA compliance status and risk assessments, in a timely and accurate fashion to senior management at the Monthly Enterprise Review meetings;
  • On an as-needed basis, supporting information inquiries from US Treasury, IRS, or other government entities in support of compliance with IRA tax credit provisions; and
  • Coordinating with the Chief Financial Officer (CFO) and Chief Compliance Office (CCO) on reporting incidents of non-compliance.
What You'll Bring
  • 10+ years of experience with administrative and/or compliance matters, demonstrating a continued track record of advancement and growing responsibility;
  • Proven skills in overseeing complex administrative and organizational business needs - the ability to be a self-starter with low levels of day-to-day supervision is a plus;
  • Familiar and comfortable in navigating ambiguous situations to arrive at pragmatic solutions that address the needs of multiple internal stakeholders;
  • Process-driven mindset - with attention to quality control and detail;
  • Strong communication and presentation skills, particularly in conveying complex rules and requirements to more general audiences;
  • Consensus mindset - able to consider alternative perspectives with an open mind while at the same time being persuasive with outlining risks and proposing mitigation solutions;
  • Unquestioned integrity - possessing the conviction to express opinions, even if unpopular, and to do the right thing.
  • If you don't meet 100% of the above qualifications but see yourself contributing, please submit your resume
What Would Be Nice
  • Experience with Davis Bacon Act compliance and with construction-related activities is preferred.
  • Experience working in a financial institution, independent power producer, energy strategic or similar enterprise is preferred.

Clearway will not sponsor nonimmigrant visas for this position (H-1B, TN, E-3, etc.)

The pay rate for the successful candidate will depend on geographic location, skills, relevant and demonstrated experience, education, training and certifications, and other factors permitted by law. This role is eligible to earn an annual cash bonus, subject to personal and company performance goals.

Salary Range Across all U.S. Locations
$128,000$153,000 USD

Clearway Energy Group is leading the transition to a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., we own and manage more than 9.6 gigawatts of renewable and conventional energy assets across the country. As we develop a nationwide pipeline of new renewable energy projects for the future, Clearway's 7 gigawatts of operating wind, solar, and energy storage assets offset the equivalent of more than 9 million metric tons of carbon emissions for our customers today. Clearway Energy Group is headquartered in San Francisco with offices in Carlsbad, Calif.; Scottsdale, Ariz.; Houston; and Princeton, N.J. For more information, visit clearwayenergygroup.com.

Our Commitment to Diversity, Equity, & Inclusion
At Clearway, we create a community that isn't about being the same - it's about building a team of unique individuals, with different backgrounds & skill sets, coming together to build something big & make a difference in the world. Clearway's team is dedicated to a clean energy future across a wide spectrum of roles & responsibilities. Embodying our company values and operating principles, unique individuals come together over a common mission. We embrace opportunities to do challenging work that can change the world. We aspire to bring out the best in everyone. We share setbacks, celebrate successes, & act with integrity & accountability to get the job done.

Working at Clearway, Hybrid Together
Here at Clearway, we're committed to balancing flexibility while fostering strong relationships with our teammates. We do this by prioritizing new hires based near one of our offices in San Francisco, Carlsbad, Scottsdale, Houston, & Princeton. Our office-based employees typically work together from fabulous spaces on Tuesdays & Thursdays to collaborate & learn, build community, get to know one another, & enjoy company-provided meals & events.

Clearway Energy is an equal opportunity employer that values a broad diversity of talent, knowledge, experience & expertise. We intentionally foster a culture of inclusion that empowers our employees to deliver superior performance to the communities we serve. We encourage minorities, women, individuals with disabilities & protected veterans to join the team. Clearway is a proud promoter of employment opportunities to our Military & Veterans.

What We Provide
Clearway offers all eligible employees working 20+ hours per week a comprehensive menu of benefits: generous PTO, medical, dental & vision care, HSAs with company contributions, health FSAs, dependent daycare FSAs, commuter benefits, relocation, & a 401(k) plan with employer match, a variety of life & accident insurances, fertility programs, adoption assistance, generous parental leave, tuition reimbursement, & benefits for employees in same-sex marriages, civil unions & domestic partnerships. For more on Clearway benefits, visit our .

 

Job Summary
Company
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Experience
10+ years
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