Director of Power Markets & Origination

POSITION DESCRIPTION

Position Title: Director, Power Markets & Origination

Reports To: VP, Power Markets & Origination

Direct Reports: Yes Functional Unit: Power Markets & Origination

FLSA Status: Exempt Position Type: Full-Time

Location: ? New York City ? Charlotte ? Denver

THE COMPANY

Onward Energy is an independent power platform that owns and operates over 7 GW of utility-scale wind, solar and natural gas generation projects across the U.S. Our Vision is to reliably power a sustainable future. Our Mission is that as North America’s premier independent power generator, we will deliver renewable and reliable power to our customers, opportunities to our employees, sustainable returns to the families who invest in us, and a better world to the next generation. Corporate Offices in Denver, New York and Charlotte, we are where renewable meets reliable. See www.onwardenergy.com for more information.

***Onward Energy does not provide visa sponsorship for employment in the United States. Please only apply if you do not require sponsorship to work in the US.

THE CHALLENGE

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.

THE 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.

THE PROFILE TO SUCCEED

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 capa