Senior Manager Forward Markets & Origination

SRP • Tempe, AZ

7d • Hybrid

About The Position

Manage energy commodity hedging, contract origination and administration, and forward trading activities necessary to achieve reliable, low-cost service to retail customers and optimize the value of excess generation assets in the wholesale markets. Responsible for achieving wholesale sales revenue targets; overseeing the natural gas fuel hedging program, identifying and executing economic and operational forward trading opportunities, and managing carbon allowance portfolios.

Requirements

• A bachelor's degree relevant to the assignment from an accredited institution is preferred.
• Minimum 8 years of relevant experience required. In lieu of a degree, 12 years of relevant experience or an equivalent combination of education and experience totaling 12 years may be considered.
• Knowledge of economic operation of power systems, commodity trading concepts, and SRP's contractual relationship with other energy market players.
• Establishment and cultivation of wholesale customer relationships is an important element for success of the wholesale marketing programs.
• Personal involvement by the Senior Manager may be required in sensitive negotiations or high-value origination activities.
• Requires occasional presentations to the SRP Board to seek approval for sales or purchase contracts.
• Balancing multiple and diverse responsibilities within an operations environment.

Responsibilities

• Lead, plan, and manage teams supporting forward markets, origination, fuel procurement, and contract management, including oversight of coal supply, transportation planning, inventory management, and coordination with plant operations
• Develop and execute forward trading and hedging strategies across power, natural gas, coal, and environmental commodities to ensure reliable service, optimize costs, and achieve wholesale revenue targets
• Oversee the natural gas fuel hedging program, maintaining commodity risk exposures within Board‑approved limits and corporate risk policies, and provide regular performance monitoring and reporting
• Manage Renewable Energy Credit (REC) and carbon allowance portfolios, including compliance strategies aligned with regulatory requirements and corporate objectives
• Originate, structure, and execute wholesale power transactions across forward markets, including long‑term contracts in organized and bilateral markets.
• Lead contract negotiation and execution for PPAs, fuel supply agreements, tolling arrangements, and commodity hedges, including pricing structures, delivery terms, credit support, and risk mitigants
• Manage the energy commodity contracting function and prepare commercial summaries, investment justifications, and approval materials for management, risk committees, executive leadership, and the SRP Board
• Optimize the value of generation and contract portfolios, including hydro generation assets, while meeting environmental, recreational, and water delivery requirements
• Coordinate post‑execution activities with trading, fuel, scheduling, settlements, and back‑office teams to ensure effective contract performance and delivery
• Collaborate with Resource Planning and cross‑functional teams on long‑term fuel delivery strategies, load and resource planning processes, market design considerations, and annual budget development
• Identify and pursue commercial opportunities driven by market fundamentals, regulatory changes, and decarbonization objectives, and maintain relationships with utilities, IPPs, developers, fuel suppliers, marketers, financial institutions, and large customers
• Represent the organization externally at industry forums and counterpart meetings, and present market conditions, strategies, and forward commodity positions to senior leadership, risk oversight committees, and the SRP Board

Benefits

• Pension Plan (at no cost to the employee)
• 401(k) plan with employer matching
• Medical, vision, dental, and life insurance
• Over 200+ hours of PTO (includes vacation days, holidays, floating holidays, and sick leave)
• Parental leave (up to 4 weeks) and adoption assistance
• Wellness programs (including access to a recreation and fitness facility)
• Short and long-term disability plans
• Tuition assistance for both undergraduate and graduate programs
• 10 Employee Resource Groups for career development, community service, and networking

What This Job Offers

• Job Type: Full-time
• Career Level: Senior