Director (or Senior Director), Asset Management PJM Combined Cycle

Talen Energy is seeking a Director (or Senior Director), Asset Management PJM Combined Cycle

Job Summary

Responsible for maximizing the profitability of Talen’s gas power generation assets located in PJM by achieving key objectives.  As a member of the business unit’s asset management team, this position reports to the VP-Asset Management East, and under general guidance, plans, organizes, integrates, fiscally controls, directs, administers, reviews and evaluates the activities, operations, and services of the company’s PJM Gas combined cycle assets.  The Director (or Senior Director), Asset Management recommends strategic plans and ensures that execution of short- and long-term goals and objectives are consistent with Talen’s strategic plan, vision and values, while complying with applicable laws and regulations; and performs related duties as assigned.

Depending on the skills, qualifications, and experience of the successful candidate and the discretion of the hiring manager, this position may be filled at either a director or senior director level.

Essential Functions

With responsibility for the overall profit and loss (P&L) of Talen’s PJM combined cycle assets, this role manages the contractual arrangements necessary to physically commercialize the assets and coordinates between the plant operations team and Talen Energy Marketing’s commercial team, which manages Talen’s short- and long-term energy market operations. As such, this position is responsible for duties that include, but are not limited to the following:

• Integrates, organizes, and evaluates the work of plant operations, Talen Energy Marketing’s commercial team, and related service providers to ensure that they comply with the policies and strategic direction set by management team.
• Manages facility contractual agreements and relationships related to fuel and electrical interconnections, water purchase and delivery, and property leases, including oversight of existing agreements and negotiation of new agreements as necessary.
• Analyze and/or oversee the analysis of how contractual, market, and regulatory changes will affect Talen’s PJM Gas and ISO-NE assets or business, formulate sound recommendations on how to address, and advise business unit and executive leadership accordingly.
• As a member of the asset management team,
  • Develops and implements Talen strategic plan regarding its assets;
  • Provides day-to-day leadership to ensure continued implementation of managements systems and practices; and
  • Establishes quantitative performance standards for the key objectives and implement processes to achieve such standards.
• Works with Talen plant operations to
  • Develop operating and capital budgets for approval and then implement approved budgets;
  • Meet regulatory standards established for Talen facilities.
• Develops and implements initiatives/projects to improve facility and/or overall business profitability.
• Assesses regional, industry, service area, community and customer needs and ensures objectives and priorities are focused on meeting those needs effectively, efficiently, and with high quality service.
• Ensures daily optimization of Talen’s  assets in the market through frequent communication with Talen Energy Marketing’s commercial team and related service providers.
• Works with other company departments to support Talen’s growth initiatives.
• Support accurate and timely financial reporting by working in conjunction with the finance team, Corporate FP&A, and Corporate Accounting/Settlements.
• Supports successful implementation of and compliance with Talen’s financing arrangements.
• Works with Talen’s regulatory and external affairs team to
  • Manage relationships between Talen and state and local governments and other stakeholders;
  • Participate in relevant stakeholder processes as necessary to support Talen’s business objectives; and
  • Ensure that all requisite filings or other submittals are made on time.
• Participates in professional and community organizations on behalf of the Company

Minimum Qualifications

Director, Asset Management Level:

• Extensive experience within the power industry, including at least ten (10) years in progressively responsible facility and/or corporate management position(s).,
• Proven success in commercializing power generation assets, including managing facility contractual agreements and relationships, working with plant operations, and optimizing the market position of assets.
• A high level of self-management, commitment, trust, with an affinity with Talen Energy’s underlying values and the stature to operate effectively at a senior level are all essential.