Senior Associate, Asset Management

Position Title
:
Associate, Asset Management

Location
:
Atlanta, GA

Employment Type
:
Full-Time

Compensation
: $115,000–$125,000 annually

Start Date
:
May 1, 2026

Benefits
:
Comprehensive benefits package, including 100% employee-paid health coverage, day-one 401(k), PTO, and more.

Company

Description:

Overlay Capital is a multi-strategy private investment manager investing in the enabling infrastructure of the future across energy, waste, and the built environment. We focus on essential systems where advances in technology are driving step improvements in cost, performance and resilience. We operate with a commitment to excellence, transparency, and long‑term impact. Working at Overlay means investing to solve some of the world's biggest problems, while seeking outsized returns for investors.

Position Overview:

The Associate, Asset Management will be responsible for monitoring the performance, risk profile, investor reporting, and valuation of the firm’s portfolio of interconnection and network‑upgrade financing investments for energy infrastructure. These investments primarily consist of loans supporting transmission and distribution upgrades required for the interconnection of renewable energy projects.

The role focuses on ongoing portfolio oversight, including financial performance tracking, covenant compliance, cash management, counter party monitoring, and risk assessment. The Senior Associate will maintain valuation models, monitor project and borrower progress, and identify emerging risks affecting the timing and recoverability of loan repayments.

This position sits at the intersection of project finance, infrastructure asset management, and power‑market regulation and requires strong analytical, financial modeling, and portfolio management skills.

• Monitor the performance and credit profile of the firm’s interconnection financing and network‑upgrade loan portfolio.
• Ensure accuracy of capital calls, distributions, management fees, and expense allocations.
• Oversee fund‑ and SPV‑level cash management, including drawdowns, distributions, and liquidity planning.
• Manage the firm’s loan book and oversee third‑party loan servicers, administrators, custodians, and trustees as well as serve as the primary point of contact for external fund administrators, accountants, and auditors.
• Oversee preparation and review of quarterly investor reports, capital account statements, and portfolio summaries.

• Loan balances and repayment status.
• Monitor loan covenants and reporting.
• Expected refund and reimbursement schedules.
• Borrower performance and development milestones.
• Exposure by project, borrower, and market.

• Maintain portfolio dashboards and reporting tools used to assess asset performance and risk exposure.
• Identify and assess risks affecting the timing, recoverability, and value of loan repayments, including:
  • Borrower credit risk.
  • Regulatory and market developments affecting refundability.
  • Transmission upgrade cost and reimbursement dynamics.
• Escalate emerging issues and propose mitigation strategies where appropriate.
• Maintain and update financial models used to estimate loan recovery timing and expected returns.
• Calculate interest accruals (including PIK), fee accruals, borrowing base, and payoff statements.
• Support periodic asset valuation and mark‑to‑market processes.
• Perform sensitivity and scenario analysis related to project attrition, refund timing, and regulatory outcomes.
• Monitor borrower and project progress through key development stages, including:
  • Interconnection agreements.
  • Network‑upgrade construction.
  • Project financing and construction milestones.

• Review borrower reporting, financial statements, and project updates.
• Prepare regular portfolio reports summarizing asset performance, valuation changes, and risk factors.
• Support internal investment committee reporting and lender communications.
• Assist the investment team with due diligence and underwriting of new investments as needed.

• Bachelor’s degree required;
  Accounting or Finance strongly preferred.
• 3‑6+ years of experience asset management, infrastructure investing, project finance, or credit analysis.
• Direct experience with private…