Senior Manager, Energy Management
San Diego, CA - USA
Job Summary
Reporting to the Chief Operating Officer the Senior Manager Energy Management will lead a team responsible for managing market and volumetric risk within Clearways portfolio of utility-scale assets. The Senior Manager will have primary responsibility for executing market positions and hedging activity in close partnership with the Director Market Strategy who sets the companys overarching portfolio and hedging strategy. The Senior Manager will work in close coordination with Business Development Origination Asset Management and Operations to effectively de-risk and optimize Clearways overall market positions.
If you dont meet 100% of the below qualifications but see yourself contributing please submit your resume.
Position Management
- Lead the Energy Management teams execution of asset hedging and optimization activity across Clearways renewable and conventional asset portfolio.
- Manage Clearways market portfolio exposure in compliance with corporate and project-level trading policies.
- Engage with QSEs trading platforms and/or other parties to execute transactions in real-time day-ahead week-ahead or balance-of-month markets.
- Execute Capacity Resource Adequacy and transmission hedging strategies established by the Director Market Strategy.
- Execute gas trading strategies established by the Director Market Strategy to help mitigate risk for the companys conventional assets.
- Execute alternative hedge structures and structured products in coordination with Origination Business Development and Asset Management that support risk management and optimization at a project or portfolio level.
- Lead commercial efforts to restructure contractual agreements to better enable risk management and optimization activities.
- Lead efforts to integrate battery storage optimization into the broader energy management scope.
Fundamental Analysis
- Monitor near-term energy market fundamentals weather supply load and transmission conditions to inform day-to-day trading and hedge execution decisions.
- Partner with the Director Market Strategy to ensure execution activity reflects the latest fundamental views.
- Manage internal personnel services/subscriptions and 3rd parties to enable oversight and mitigation of market and volumetric risk factors including weather transmission regulatory and other supply/load drivers.
- Provide recurring and ad-hoc updates to internal stakeholders and financial partners on execution results and market conditions.
Governance Compliance & Administration
- Ensure strict compliance with established energy and risk guidelines.
- Work closely with the Senior Director of Risk to ensure compliance and adherence to risk policies and participate in Energy Risk Committee discussions along with senior leadership.
- Interface with Business Development Finance and Asset Management to ensure smooth transition of projects into commercial operation and energy management scope.
Due Diligence in support of M&A and Project Investments
- Perform project evaluations project agreement reviews and due diligence and make recommendations in support of acquisitions divestitures and/or investments in company-developed or repowered projects.
- Bachelors degree in Finance Business Economics or a related quantitative field required.
- 7 years of energy industry experience in portfolio optimization energy risk mitigation energy hedging and trading contract administration project finance or other commercial engagements.
- Expert understanding of power markets including forwards futures swaps and options.
- Direct experience in one or more of the following:
- Valuing and transacting Resource Adequacy and Capacity products
- Valuing and transacting electricity futures products bilaterally or on an organized exchange.
- Valuing and transacting transmission hedging products
- ISDAs credit support annexes and other enabling agreements that govern energy commodities products and instruments
- Experience working with variable generators batteries and natural gas plants.
- Strong business and financial savvy with the ability to support a high-performance organization that delivers operational excellence and meets or exceeds financial targets.
- Highly proficient in developing sophisticated models to analyze and identify energy market risk with strong business analytics skills.
- Builds strong relationships with credit and risk professionals internally and externally to ensure adherence to established credit and risk policies.
- Excellent written and verbal communication skills and an ability to communicate complex issues in a clear concise manner.
- High proficiency in Microsoft Word Excel and PowerPoint.
- Ability to perform well under pressure in a demanding environment think creatively manage competing priorities and maintain strong attention to detail.
- If you dont meet 100% of the above qualifications but see yourself contributing please submit your resume.
- MBA or MS in a related field.
- Experience with Energy Trading Risk Management (ETRM) systems.
- Experience across multiple ISOs.
- Proficiency with programming or analytical tools such as Python R or SQL.
No visa sponsorship or any kind of sponsorship for employment authorization is available for this role now or in the future.
#LI-Hybrid
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
$185000 - $215000 USD
Clearway Energy Group is leading the transition to a world powered by clean energy. Along with our public affiliate Clearway Energy Inc. our portfolio comprises approximately 11.6 GW of gross generating capacity in 26 states including 9.1 GW of wind solar and battery energy storage assets and over 2.5 GW of conventional dispatchable power generation providing critical grid reliability services. As we develop a nationwide pipeline of new energy projects for the future Clearways operating fleet generates enough reliable electricity to power more than 3 million homes today. Clearway Energy Group is headquartered in San Francisco with offices in Denver Houston Phoenix Princeton and San Diego. For more information visit .
Our Commitment to Diversity Equity & Inclusion
Clearway Energy Groups vision is a world powered by clean energy. Along with our public affiliate Clearway Energy Inc. our portfolio comprises approximately 11.8 GW of gross generating capacity in 26 states including 9.1 GW of wind solar and battery energy storage assets and over 2.8 GW of flexible dispatchable power generation providing critical grid reliability services. As we develop a nationwide pipeline of new energy projects for the future Clearways operating fleet generates enough reliable electricity to power more than 2 million homes today. Clearway Energy Group is headquartered in San Francisco with offices in Denver Houston Phoenix Princeton and San Diego. For more information visit .
Working at Clearway
Here at Clearway were committed to balancing flexibility while fostering strong relationships with our teammates. We do this by prioritizing corporate new hires based near one of our offices in San Francisco San Diego Scottsdale Houston Denver & Princeton. Our office-based employees work together from our offices on Tuesday Wednesday & Thursday to collaborate & learn build community get to know one another & enjoy company-provided meals & events. Our site-based employees collaborate in-person daily to keep our locations operating safely and efficiently while fostering strong relationships within their local communities.
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 for 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 Benefits Website.
Notice to Applicants
Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies with equalemploymentlaws ordinances and regulations for all applicants and employees. We will make reasonable accommodations to enable individuals with disabilities to apply and compete for employment opportunities for which they are qualified. If you need a reasonable accommodation because of a disability for any part of the employment process please send an e-mail to and let us know the nature of your request and your contact information.
All official communication regarding this position will come only from an email address ending with @. If you receive outreach from any other email address claiming to represent Clearway Energy please do not respond as it is fraudulent.
Notice to California Applicants
Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies withequalemploymentlawsordinances and regulations for all applicants and employees.
Required Experience:
Senior Manager