Renewable Portfolio Manager, Senior

ENGIE is committed to reshaping the energy future through the global implementation of a lower-carbon energy economy in order to preserve the world’s natural resources.  We are looking for talented and driven people who are committed to making this vision a reality.

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, 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 senior member of this team, the Renewable Portfolio Management Sr Advisor will develop and deploy commercial and hedging strategies to maximize the profitability of Engie’s renewable assets while managing market risks within acceptable risk limits.

What you’ll do:

• Articulate and execute hedging strategies deploying different instruments according to the risk, such as energy hedges, gas hedges, options, and Congestion Revenue Rights (CRRs)
• Build and deploy strategies for Day-ahead bidding of wind and solar farms
• Develop and assess scenarios with our Congestion Trading team to estimate congestion risks in ERCOT
• Analyze and discuss the commercial terms of existing and upcoming PPAs, identifying the underlying risks, and proposing alternative language and/or mitigation strategies
• Monitor markets trends, regulatory landscape, current risk levels and exposures, and other relevant sources of impacts
• Articulate with Risk Group the development and improvement of the risk metrics, and the proper representation of assets and PPAs in our management systems
• Produce monthly market analysis containing energy balance, the performance of transactions, market trends, and recommended course of action

What you bring:

• Bachelor’s degree from an accredited college or university required
• Quantitative background preferred (E.g., Engineering, Finance, Economics, Math)
• A minimum of ten (10) years of professional experience
• A minimum of six (6) years of experience in Competitive Energy Markets, preferably dealing with Renewable assets
• Experience in the market structure, transactions, and protocols of ERCOT (experience in another ISO is highly valued, specially SPP or PJM)
• Excellent data handling, structuring, organizing, processing, and presenting skills (using Excel and PowerPoint)
• Resourceful, ability to use a variety of tools, data sources, and systems; and inherent curiosity to procure and test new resources
• Solid finance knowledge (i.e., capable of interpreting I/S and Budgets)
• Commercial acumen with a good understanding of business principles, contracts, and relationships, including specific experience negotiating power purchase agreements and/or OTC trades
• Deadline driven with project management skills for cross-organizational coordination

Additional Information/Conditions:

• Ability to meet highest attendance requirements
• Ability to communicate effectively, both written and verbally
• Ability to handle multiple assignments on a timely basis with a high degree of accuracy
• Ability to use personal computer, calculator, etc.
• Ability to sit for long periods of time; most of the work for this position will be at a desk
• Could involve some lifting

 Why ENGIE?

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 employment decisions at ENGIE are based on business needs, job requirements, and individual qualifications.  ENGIE is committed to providing equal employment opportunities regardless of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship, age, sex or gender (including pregnancy, childbirth, and related medical conditions), gender identity, or gender expression (including transgender status), sexual orientation, marital status, civil union, or domestic partnership status, military service or veteran status, physical or mental disability, protected medical condition, genetic information, or any other legally protected category (referred to as “protected characteristics”) as defined by applicable federal, state or local law in the locations where we operate. 

• Salary Range: $130,830-$218,505 USD, annually 
• Actual salary offered may vary depending on geography, experience, education, internal pay alignment, or other bona fide factors 

• In addition to salary, this position is eligible for a competitive bonus / incentive plan
• At ENGIE we understand that benefits matter, we offer competitive benefit options including medical, dental and vision coverage, life insurance, employer paid short-term and long-term disability insurance, paid vacation, holidays, sick leave, parental leave, and a 401(k) Retirement Savings Plan option with a company match
• More information can be found here: Discover our employee benefits 

ENGIE complies with all federal, state, and local minimum wage laws.  

Your talent acquisition partner can share more specific information regarding the salary for the position based on the work location. 

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.