Renewable Portfolio Management Senior Advisor
Company: ENGIE North America Inc.
Location: Houston
Posted on: January 25, 2025
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Job Description:
What You Can Expect
ENGIE Global Energy Management and Sales (GEMS) is responsible for
managing the portfolio of gas, electricity, congestion revenues
rights and environmental products for ENGIE, across geographies.
More recently, GEMS 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 co-located
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 co-location of renewable and
battery storage assets with data centers and Power to X sites
Create optimized trading strategies around co-located 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, Point-to-Point 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 Day-Ahead 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 ENGIE's 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 tail-end
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 You'll Bring
Bachelor's 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
cross-organizational 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: $131,000 - $229,215 USD 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 take your well-being seriously. Our comprehensive
benefits package includes options for medical, dental, vision, life
insurance, employer-paid short-term and long-term disability
insurance, ESPP, generous paid time off including wellness days,
holidays and leave programs. We also help you plan for retirement
by offering a 401(k) Retirement Savings Plan with a company match.
But that's not all - we're dedicated to the health and happiness of
your entire family, offering supplemental benefits for full time
employees that enhance emotional and physical well-being through
all stages of life from family forming to caregiver benefits.
Explore our benefits package to see how we can support you. .
Why ENGIE?
ENGIE North America isn't just participating in the Zero-Carbon
Transition, we're 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
ENGIENA-ENGIEHR@engie.com. 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.
Keywords: ENGIE North America Inc., Sugar Land , Renewable Portfolio Management Senior Advisor, Accounting, Auditing , Houston, Texas
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