Renewables Origination Manager Jobs (NOW HIRING)

POSITION DESCRIPTION

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.

*** WORK AUTHORIZATION

To be considered for this position, applicants must have full-time authorization to work in the United States. Onward Energy does not offer visa sponsorship now or in the future.

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 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.

THE TEAM

The Onward Energy team is collaborative, dedicated, hard-working, and down-to-earth. The management team is comprised of seasoned industry professionals supported by experienced project operators and advisors.

THE WORK ENVIRONMENT

Onward Energy is currently implementing a hybrid office environment, with team members in the office at least two days per week. The position functions in a smoke and vaping-free professional office environment. The role routinely utilizes standard office equipment such as laptop computers, phones, and scanner/photocopier.

THE TOTAL REWARDS

Onward Energy total rewards philosophy is motivated by a key tenet of valuing team members and offers employees a comprehensive total rewards package which includes market-competitive compensation, health/life insurance, and retirement savings benefits.

If you require an accommodation for any part of the employment process due to a disability, please email Recruiting@onwardenergy.com

EEO STATEMENT:
Onward Energy is an Affirmative Action Employer, Females/Minority/Veterans/Disabled/Sexual Orientation/Gender Identity.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.