Career Opportunities with Onward Energy
A great place to work.
Career Opportunities with Onward Energy
A great place to work.
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| Department: | Commercial & Risk Management |
| Location: | Charlotte, NC |
| Salary: | $175000 - $200000 Per Year |
JOB DESCRIPTION
Position Title: Director, Origination
Reports To: SVP, Commercial & Risk Management
Direct Reports: No Functional Unit: Commercial & Risk Management
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 6.2 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.
THE CHALLENGE
This role is a position within the Commercial & Risk Management team where the team’s primary goals are (1) portfolio optimization of all market-driven commodity exposure and (2) long-term contracting of power assets. The Director will support the team’s goals through origination of new offtakes, optimization of the portfolio, and supporting future growth.
THE RESPONSIBILITIES
Origination of contracting opportunities for renewable fleet, natural gas fleet, and organic development opportunities across the US.
Develop important relationships and a network of contacts that are key for revenue contracting opportunities.
Leads the analysis of alternative structures and understands impact on relevant debt and tax equity financings.
Submission of relevant Requests for Proposals.
Manage negotiations of Power Purchase Agreements (PPAs), tolling agreements, heat rate call options, and other forms of contracted revenue including liaising between cross-functional areas to incorporate relevant input and expertise.
Support management of the existing portfolio, including risk management activities.
Lead initiatives to optimize revenue of existing assets.
Long term strategic planning for combined renewable and thermal asset base.
Participate in M&A due diligence, asset onboarding, and transition of offtake relationships and responsibility for newly acquired assets.
Support SVP of Commercial & Risk Management 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 up to 30%
THE PROFILE TO SUCCEED
Bachelor’s Degree in Business, Economics, Engineering, or Finance, MBA preferred. Experience may substitute for a degree.
Experience leading successful hedge negotiations for physical thermal assets in various US regions (battery storage experience a plus).
10+ years’ experience participating in successful commercial negotiations for over 1,000 MW of signed offtakes (swaps, PPAs, or CFDs) with load serving entities, cooperatives, utilities, and/or corporate off-takers.
Experience structuring and negotiating natural gas heat rate call options and tolling agreements.
Experience with the complex contractual terms and conditions involved in a variety of physical and financial contractual structures for a variety of products (power, Renewable Energy Credits, capacity / Resource Adequacy, environmental products, and Ancillary Services)
Experience with standard industry contract forms (ISDA/CSA/EEI)
Expertise in wholesale electricity markets in North America including organized and bilateral markets
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.
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.
