Renewable Portfolio Management Senior Advisor 43730
Renewable Portfolio Management Senior Advisor 43730
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$ 188652 - 330090
1 Vacancy
Job Description
What You Can Expect
ENGIE Supply & Energy Management (SEM) is responsible for managing the portfolio of gas electricity congestion revenues rights and environmental products for ENGIE across geographies. More recently SEM has extended his scope to also manage all the market risks (energy congestion Renewable Energy Certificates (RECs) ancillaries) generated by the Renewable and Battery Storage Assets owned by ENGIE North America which includes wind farms and solar farms the Renewable Portfolio Management team is precisely the group in charge of these activities.
As a Renewable Portfolio Management Senior Commercial Advisor you will develop and deploy commercial trading and hedging strategies to maximize the profitability of renewable assets and colocated loads while managing market risks within acceptable risk limits. With a growing internal and external portfolio over 6 GW under management this position will require strong expertise working with large utility scale assets and provide the attractive growth opportunities to lead a rapidly expanding team.
- Join a team of renewable portfolio managers to manage a growing portfolio of wind and solar assets expected to reach 8GW of installed capacity in the coming years
- Develop and execute a strategy for forward hedging of wind and solar assets in conjunction with the other parts of ENGIE North America which warehouse or originate electricity market risks (Battery Storage Data Centers Retail Trading)
- Model long term valuations for the colocation of renewable and battery storage assets with data centers and Power to X sites
- Create optimized trading strategies around colocated sites to mitigate risks and maximize portfolio profitability
- Articulate and execute hedging strategies deploying different instruments according various risk profiles including energy hedges gas hedges options Virtuals PointtoPoint transactions Firm Transmission Rights Transmission Congestion Rights Congestion Revenue Rights (FTR/TCR/CRRs) and Intercontinental Exchange (ICE) financial power transactions
- Build and deploy strategies for DayAhead offers for a large portfolio of wind and solar farms
- Develop strategies and execute trades with our Congestion Trading team to assess congestion risks in the respective Independent System Operators (ISOs)
- Engage ENGIEs external partners to advance new product business initiatives
- Analyze and discuss the commercial terms of existing and upcoming Power Purchase Agreement (PPAs) identifying the underlying risks and proposing alternative language and/or risk mitigation strategies
- Analyze and price option strategies designed to reduce tailend risk exposure to market volatility and inherent asset offtake structures
- Monitor markets trends regulatory landscape current risk levels and exposures and other relevant sources of impacts
What Youll Bring
- Bachelors degree in which you completed courses in a quantitative discipline such as Computer Science Engineering Finance Economics Mathematics or any other related disciplines
- A minimum of 10 years of general business experience
- A minimum of 5 years of relevant experience in Competitive Energy Markets
- A minimum of 3 years of power marketing power trading asset management or risk management experience
- Some origination experience in the power market industry
- Some experience of deal structuring and negotiation with counterparties
- Experience in the market structure transactions and protocols of Electric Reliability Council of Texas (ERCOT) Midcontinent Independent System Operator (MISO) Southwest Power Pool (SPP) Pennsylvania New Jersey Maryland Interconnection (PJM) markets
- Excellent data handling structuring organizing processing and presenting skills (using Excel and PowerPoint)
- Resourceful ability to use a variety of tools (price/valuation/database/modeling) data sources and systems; and inherent curiosity to procure and test new resources
- Solid finance knowledge (i.e. capable of interpreting Income Statement Cash Flow Statement and Budgets)
- Commercial acumen with a good understanding of business principles contracts and relationships including specific experience negotiating power purchase agreements and/or over the counter trades
- Deadline driven with project management skills for crossorganizational coordination
Additional Details
- This role is eligible for our hybrid work policy
- Must be willing and able to comply with all ENGIE ethics and safety policies
Compensation
Salary Range: $188652 $330090.57 CAD annually
This represents the average expected pay range for a qualified candidate.
Actual offered salary may depend on geography experience industry knowledge education internal pay alignment or other bona fide factors.
ENGIE complies with all federal state and local minimum wage laws. Actual salary offered may vary depending on geography experience education internal pay alignment or other bona fide factors.
In addition to base pay this position is eligible for a competitive bonus / incentive plan.
Your Talent Acquisition Partner can share more specific information regarding the benefits or the salary for the position based on the work location
At ENGIE we prioritize your health and wellness. ENGIEs comprehensive benefits packages includes employer paid medical dental vision life insurance health spending account shortterm and longterm disability. We also help you plan for retirement by offering a Registered Retirement Savings Plan with a company match. We offer generous paid time off including wellbeing days holidays and leave programs. Our commitment extends to your familys wellbeing with supporting emotional and physical health across life stages. Explore your benefits package to discover how we can support you.
Why ENGIE
ENGIE North America isnt just participating in the ZeroCarbon Transition were leading it! Join us as we develop energy that is renewable efficient and accessible to everyone.
At ENGIE our goal is to support promote and thrive on diversity equity and inclusion. We do so for the benefit of our employees customers products and services and community. ENGIE is proud to be an equal opportunity workplace and we are firmly committed to creating an equitable and inclusive environment for all employees.
We are committed to providing employees with a work environment free of discrimination and harassment. All qualified applicants will receive consideration for employment without regard to race color sex sexual orientation gender identity religion national origin disability veteran status or other legally protected status.
If you need assistance with this application or a reasonable accommodation due to a disability you may contact us at This email address is reserved for individuals with disabilities in need of assistance and is not a means of inquiry regarding positions or application status.
This role is eligible for sponsorship.
The safety of our employees is our number one priority. All employees at ENGIE have both a duty and the authority to STOP WORK if unsafe acts are observed.
Required Experience:
Senior IC
Employment Type
Full-Time
