Renewable Portfolio Management Senior Advisor

What You Can Expect

ENGIE Global Energy Management and Sales (GEMS) is responsible for managing the portfolio of gas, electricity, congestion revenues rights and environmental products for ENGIE, across geographies. More recently, GEMS has extended his scope to also manage all the market risks (energy, congestion, Renewable Energy Certificates (RECs), ancillaries) generated by the Renewable and Battery Storage Assets owned by ENGIE North America, which includes wind farms and solar farms – the Renewable Portfolio Management team is precisely the group in charge of these activities.

As a Renewable Portfolio Management Senior Commercial Advisor, you will develop and deploy commercial trading and hedging strategies to maximize the profitability of renewable assets and co-located loads while managing market risks within acceptable risk limits. With a growing internal and external portfolio over 6 GW under management, this position will require strong expertise working with large utility scale assets and provide the attractive growth opportunities to lead a rapidly expanding team.

• Join a team of renewable portfolio managers to manage a growing portfolio of wind and solar assets expected to reach 8GW+ of installed capacity in the coming years
• Develop and execute a strategy for forward hedging of wind and solar assets in conjunction with the other parts of ENGIE North America which warehouse or originate electricity market risks (Battery Storage, Data Centers, Retail, Trading)
• Model long term valuations for the co-location of renewable and battery storage assets with data centers and Power to X sites
• Create optimized trading strategies around co-located sites to mitigate risks and maximize portfolio profitability
• Articulate and execute hedging strategies deploying different instruments according various  risk profiles, including energy hedges, gas hedges, options, Virtuals, Point-to-Point transactions, Firm Transmission Rights, Transmission Congestion Rights, Congestion Revenue Rights (FTR/TCR/CRRs), and Intercontinental Exchange (ICE) financial power transactions
• Build and deploy strategies for Day-Ahead offers for a large portfolio of wind and solar farms
• Develop strategies and execute trades  with our Congestion Trading team to assess congestion risks in the respective Independent System Operators (ISOs)
• Engage ENGIE’s external partners to advance new product business initiatives
• Analyze and discuss the commercial terms of existing and upcoming Power Purchase Agreement (PPAs), identifying the underlying risks, and proposing alternative language and/or risk mitigation strategies
• Analyze and price option strategies designed to reduce tail-end risk exposure to market volatility and inherent asset offtake structures
• Monitor markets trends, regulatory landscape, current risk levels and exposures, and other relevant sources of impacts

What You’ll Bring

• Bachelor’s degree in which you completed courses in a quantitative discipline such as Computer Science, Engineering, Finance, Economics, Mathematics, or any other related disciplines
• A minimum of 10 years of general business experience
• A minimum of 5 years of relevant experience in Competitive Energy Markets
• A minimum of 3 years of power marketing, power trading, asset management, or risk management experience
• Some origination experience in the power market industry
• Some experience of deal structuring and negotiation with counterparties
• Experience in the market structure, transactions, and protocols of Electric Reliability Council of Texas (ERCOT), Midcontinent Independent System Operator (MISO), Southwest Power Pool (SPP), Pennsylvania New Jersey Maryland Interconnection (PJM) markets
• Excellent data handling, structuring, organizing, processing, and presenting skills (using Excel and PowerPoint)
• Resourceful, ability to use a variety of tools (price/valuation/database/modeling), data sources, and systems; and inherent curiosity to procure and test new resources
• Solid finance knowledge (i.e., capable of interpreting Income Statement, Cash Flow Statement and Budgets)
• Commercial acumen with a good understanding of business principles, contracts, and relationships, including specific experience negotiating power purchase agreements and/or over the counter trades
• Deadline driven with project management skills for cross-organizational coordination

Additional Details

• This role is eligible for our hybrid work policy 
• Must be willing and able to comply with all ENGIE ethics and safety policies 

Compensation

Salary Range: $131,000 – $229,215 USD annually

This represents the average expected pay range for a qualified candidate.

Actual offered salary may depend on geography, experience, industry knowledge, education, internal pay alignment, or other bona fide factors.

ENGIE complies with all federal, state, and local minimum wage laws. Actual salary offered may vary depending on geography, experience, education, internal pay alignment, or other bona fide factors. 

In addition to base pay, this position is eligible for a competitive bonus / incentive plan.

Your Talent Acquisition Partner can share more specific information regarding the benefits or the salary for the position based on the work location

At ENGIE, we take your well-being seriously. Our comprehensive benefits package includes options for medical, dental, vision, life insurance, employer-paid short-term and long-term disability insurance, ESPP, generous paid time off including wellness days, holidays and leave programs. We also help you plan for retirement by offering a 401(k) Retirement Savings Plan with a company match.  But that's not all – we're dedicated to the health and happiness of your entire family, offering supplemental benefits for full time employees that enhance emotional and physical well-being through all stages of life from family forming to caregiver benefits. Explore our benefits package to see how we can support you. Learn more.

Why ENGIE?

ENGIE North America isn’t just participating in the Zero-Carbon Transition, we’re leading it!  Join us as we develop energy that is renewable, efficient, and accessible to everyone.  

At ENGIE, our goal is to support, promote, and thrive on diversity, equity, and inclusion.  We do so for the benefit of our employees, customers, products and services, and community.  ENGIE is proud to be an equal opportunity workplace, and we are firmly committed to creating an equitable and inclusive environment for all employees.

We are committed to providing employees with a work environment free of discrimination and harassment.  All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.

If you need assistance with this application or a reasonable accommodation due to a disability, you may contact us at ENGIENA-ENGIEHR@engie.com. This email address is reserved for individuals with disabilities in need of assistance and is not a means of inquiry regarding positions or application status.

This role is eligible for sponsorship.

The safety of our employees is our number one priority. All employees at ENGIE have both a duty and the authority to STOP WORK if unsafe acts are observed.