Director Asset Optimization - Power
About The Position
A key Optimus client is needing a Director Portfolio Optimization. This role is a position within the Power Markets & Origination team where the team’s primary goals are (1) origination of energy and capacity sales from operational and development assets; (2) optimization and risk management of market-driven commodity exposure; and (3) provision of analytical support and data for market-based and risk management decision making. The Director will support the team’s goals through management of ongoing portfolio exposures and obligations, origination of new transactions, optimization of the portfolio, and supporting future growth. This position does not sit in Houston. Candidates, please send your resume to your Optimus Recruiter or [email protected].
Requirements
- Bachelor’s Degree in Business, Economics, Engineering, or Finance preferred. Experience may substitute for degree.
- 7+ years of experience leading negotiations for thermal, renewable generation and battery storage transactions, with a preference for transactions in ERCOT, ISO-NE, and CAISO markets.
- Prior leadership of teams participating in DA markets, managing capacity obligation activity, congestion products, and volumetric exposure.
- Strong understanding of the trajectory of western markets, including strategic views of offtake procurement.
- Experience with various types of transaction structures and products, including HRCOs, PPAs, various revenue and fuel hedges, tolling agreements, capacity/resource adequacy, virtual transactions, congestion revenue rights (CRRs), and bilateral energy agreements.
- Experience with standard industry contract forms (ISDA / EEI / WSPP) and complex contractual terms and conditions involved in a variety of physical and financial contractual structures for a variety of products.
- Exceptional verbal and written communication skills.
- Must have strong interpersonal skills to interface with all levels of company personnel and external customers.
- Self-starter, ability to work well independently and as part of a cross-functional team.
- Ability to change directions quickly between deal execution and team administration.
Responsibilities
- Lead market activities in key geographies, including ERCOT, ISO-NE, the Desert Southwest, CAISO and SERC.
- Provide leadership and strategic direction to the team responsible for analytical support and execution of daily trading activities and structured transactions.
- Maintain oversight of routine workflows and outcomes.
- Serve as the primary point of coordination for high-level communication with third-party energy managers.
- Develop and oversee strategies for optimizing the portfolio, creating value and de-risking or hedging various exposures, including basis (both energy and natural gas), replacement power and renewable production volume.
- Originate and execute structured deals and associated enabling agreements in support of strategies.
- Build counterparty relationships with energy marketers, trade shops, banks, and load serving entities for structured transactions.
- Lead market assessments and customer identification to guide the M&A team on commercialization opportunities related to acquisition targets.
- Support Power Markets & Origination and Commercial Analytics in ad-hoc assignments relating to energy trading opportunities, portfolio risk management, M&A activities, and market research.
- Other duties as assigned.
- Ability to travel frequently.
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What This Job Offers
Job Type
Full-time
Career Level
Director
