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 US Our Vision is to reliably power a sustainable future Our Mission is that as North Americas 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 wwwonwardenergycom 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 teams 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 teams 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 transactionsMaintain oversight of routine workflows and outcomes Serve as the primary point of coordination for high level communication with third party energy managersDevelop 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 volumeOriginate and execute structured deals and associated enabling agreements in support of strategiesBuild counterparty relationships with energy marketers trade shops banks and load serving entities for structured transactionsLead market assessments and customer identification to guide the M&A team on commercialization opportunities related to acquisition targetsSupport Power Markets & Origination and Commercial Analytics in ad hoc assignments relating to energy trading opportunities portfolio risk management M&A activities and market researchOther duties as assignedAbility to travel frequentlyTHE PROFILE TO SUCCEED Bachelors 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 exposureStrong understanding of the trajectory of western markets including strategic views of offtake procurementExperience with various types of transaction structures and products including HRCOs PPAs various revenue and fuel hedges tolling agreements capacityresource adequacy virtual transactions congestion revenue rights CRRs and bilateral energy agreementsExperience 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 productsExceptional 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 teamAbility to change directions quickly between deal execution and team administrationTHE 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 scannerphotocopier 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 healthlife insurance and retirement savings benefits If you require an accommodation for any part of the employment process due to a disability please email Recruitingonwardenergycom EEO STATEMENT Onward Energy is an Affirmative Action Employer FemalesMinorityVeteransDisabledSexual OrientationGender 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