TITLE: Power Originator
LOCATION: Houston Texas
TYPE: Direct Hire
SALARY: 170,000 – $190,000
SUMMARY:
The Power Originator is responsible for supporting the Power Trading Origination Strategy in the US, by identifying, developing, and closing short and long-term power transactions with various levels of complexity. Specifically, the Power Originator will focus on transactions for the purchase and sale of energy, capacity and renewable products and services, with an emphasis on customized products for internal and external customers.
DUTIES:
- Asset portfolios, contractual arrangements, and product flows, with a focus on power projects and future developments
- Key counterparties, markets, and market dynamics
- Positions, risk management, and optimization strategies
- Company strategies for business development, growth, and new energies
- Work with Head of Power Origination to originate, pursue, and execute a variety of Power transactions and deals that complement the Power growth strategy
- Focus on identifying potential transactions with renewable developers, generation owners and storage developers to develop, negotiate, and close supply deals that meet the companies strategic supply targets.
- Work with load serving entities, commercial customers and industrial customers to develop energy and risk products to help manage the customers energy needs and renewable requirements.
- Work with other members of the Origination Team to analyze revenue/profit potential of structured transactions
- Identify products/deal structures that will help optimize opportunities around existing power assets /portfolio and market those products/deal structures to internal and external customers
- Track customers, sales opportunities, and develop market intelligence to build the Origination Teams overall market knowledge and expertise
- Help develop, test, and maintain trading tools and models to support counterparty deals, structured transactions, and long-term deal analysis
- Initiate actions to design and develop customized power product offerings to address internal portfolio needs and for certain external customers
- Maintain good working relationships with internal risk control, finance, HR, compliance and legal groups
- Improve coordination, share tools, and exchange on best practices
- Support efforts to streamline and optimize work flows
- Comply with the Code of Conduct, Compliance Manual and all policies and procedures of the Company and the Group
- Project and Deal Origination: identify, evaluate, structure, negotiate, and execute a variety of power related transactions
- Manage and develop relationships with internal and external counterparts and stakeholders, focusing on growing the portfolio of power customers
- Propose profitable or cost savings transactions to optimize the assets portfolio and create value for the group
- Interface with various desks to ensure best practices are maintained
- Coordinate with front office and all relevant support functions to ensure smooth implementation and operation of contracts originated by the Power Origination desk
Maintain a good and up to date knowledge of financial market regulations in the markets we operate
- The Power Originator will directly face both internal and external counterparts and stakeholders, with the primary responsibility of managing these relationships from inception through contract completion and beyond.
- The Power Originator must also be able to communicate and coordinate internally with multiple trading desks and all functions, such as credit, finance, legal and management (both locally and globally) in order to bring deals from inception to completion.
REQUIREMENTS:
- 7+ years work experience, with at least 5 years previous experience working in a commercial function in an energy commodity environment
- Experience in trading, marketing, operations, and risk management of wholesale electricity
- Knowledge of the US electricity market with a focus on ERCOT, PJM, and/or CAISO
- Strong Sales Skills and demonstrated previous experience to develop and grow relationships with Power market counterparties
- Ability to work under pressure
- Creative and highly proactive, with capacity to work and deliver results independently
- High level of analytical and organizational skills
- Proficient in Excel, PowerPoint, PowerBI
- Excellent oral and writing communication and presentation skills
EDUCATION:
- Undergraduate degree in economics, finance, business administration, or equivalent