Director, Market Commercialization And Trading Structure

About SB Energy

Do you want to work with high caliber professionals in a dynamic and growing company? Are you entrepreneurial, hard-working, and collegial? Are you committed to advancing the clean energy revolution? Join us at SB Energy, a world-leading company backed by SoftBank and Ares pairing cutting-edge innovation with best-in-class execution. Our Mission is to provide flexible renewable energy at scale, accelerating the global energy transition and benefiting our planet, customers, communities, and people.

SB Energy develops, constructs, and owns & operates some of the largest and most technically advanced renewable projects across the United States, with Headquarters in Redwood City, CA. The company was formed in 2015 as a subsidiary of Japanese multinational conglomerate SoftBank Group Corp. SB Energy launched its United States platform in 2019 and has quickly become one of the largest solar and storage developer/IPPs in the U.S. With almost 1.7 gigawatts (GW) of renewable energy projects in operation and a multi-GW pipeline, SB Energy is building the renewable energy future – today. SB Energy also utilizes its strong culture of innovation to identify and incorporate new technology into our projects, including our AI-based digital platform, to deliver renewable energy that is local, reliable, and matched to load.

Come join us in accelerating the energy transition to cleaner, more sustainable sources of power!

Basic Function

The Director of Market Commercialization and Trading Structure will play a key leadership role at SBE in building out our commercialization team by identifying key market trends, advising trading structures and strategies to optimize revenue, and cross-team collaboration. Individual is deeply curious and knowledgeable on energy markets, financial and hedge structures, risk mitigation, and solar and storage energy operations. Director has a deep background of wholesale, regulated, and deregulated markets.

Responsibilities:

• Collaborate with risk team to create appropriate corporate risk policies that enable commercial operations
• Work closely with our data technology team to build out internal platform and data tools that leverage market data and statistical modeling to better enable decision making.
• In near-term, support the short-term optimization strategies to maximize revenues and smooth cash flow volatility of SBE existing operating portfolio. Coordinate with Asset Management and Trading in the implementation of these optimization strategies and Finance on cash considerations and forecast.
• Enable agreements for counterparty transactions (e.g. EEI)
• Partner with the Strategy and Investments on longer-term value add initiatives
• Evaluate and implement energy trading and risk management (ETRM) system
• Work with SBE leadership team to create SBE roadmap for current and projected SBE portfolio for energy trading and hedge instrument strategy, along with associated data tools and platforms.
• Support Power Marketing team in the design and structuring of innovative approaches to aggregating renewable and demand response solutions for industrial customers.
• Lead quantitative analysis in the creation of statistical models and algorithms that will drive and optimize trading strategy and commercial decisions. This entails optimization modeling that incorporates forecasted congestion, assessing congestion drivers with Asset Management, and assisting in locational marginal pricing (LMP) assessments.
• Support SBE in building its capabilities, market access, and tools to provide 24-7 clean energy products direct to consumers
• Develop business process documentation on SBE energy market and trading philosophies and decision and operational processes.
• Work closely with Power Marketing and Development team in monitoring evolution of US markets as we make key development decisions
• Provide leadership with regular Quarterly and Monthly summaries of market trends, signals, and proposed positions based on relevant market rules.
• Develop and support SBE’s strategies to energy trading and hedge structure in collaboration with Trading Desk, Power Marketing, and Asset Management team to manage market exposure optimize SBE portfolio revenue. These strategies and methods will look at energy volume, shape, basis, REC guarantees, and ancillary positions at both the project and portfolio-level.

Qualifications/Requirements

• Lead organizations in setting up optimization and trading platforms / protocols
• Experience in wholesale energy markets (trading platform, optimization) and renewables industry
• Strong relationships in Wholesale markets and Offtake
• Experience and understanding of Energy Trading and Risk Management systems is a plus
• 10+ years of experience in Energy with some renewables experience
• Analytical skills for developing SBE propriety algorithms
• Bachelor’s degree in related field. Advanced degree preferred

Location: San Francisco Bay Area; San Diego, CA; Denver, CO; Phoenix, AZ; Austin, TX; preferred but not required. Open to remote work.

The position requires up to 25% domestic travel.

Base Pay - $170,000 - $200,000

Actual compensation packages are based on several factors that are unique to each candidate, such as skill set, experience, certifications, specific work location, and other non-discriminatory factors permitted by law. Base pay may vary per location due to differences in the cost of living.

The total compensation package for this position may also include an annual discretionary bonus, full Health & Wellness Benefits package, generous Long Term Incentive plan designed with our partnership mentality in mind, and other applicable incentive perks as outlined in any formal offer made. The final compensation package will be discussed with the candidate during the final stages of the hiring process.

Our Health & Wellness Benefits

SB Energy’s Benefits programs are designed to support our team members and their families while keeping their well-being, happiness, and varying needs in mind. SB Energy employees may enroll in our benefits programs and take advantage of customized perks and offerings, including those designed to support families, however defined. We offer the following benefits to all team members:

• Competitive Retirement Benefits with 401(k) company match
• Generous Paid Time Off and 11 Paid Company Holidays
• Discounted Physical Wellness plan & Pet Insurance
• Flexible working arrangements
• Long-Term Disability (LTD), Life Insurance, AD&D and Voluntary Legal Insurance Plan
• Phone Equipment Purchase Benefits
• Mental Health Wellness Offerings
• Comprehensive Medical, Dental, and Vision insurance: 100% premium covered by the company, for employees and dependents
• Flexible Spending Account (FSA) – Medical & Dependent FSA; Transit & Commuter FSA with employer contributions
• 12 weeks fully paid Parental Leave
• Monthly reimbursement for Phone/Internet/Data
• Thoughtful Hybrid Workplace Set-up Benefits

Promote Sustainability with a Purpose - At SB Energy, you may choose to become a part of our ‘Just Renewables’ Committee and work along with team members who share a belief in pursuing our mission in such a way that empowers a diverse and inclusive workforce that advances social justice and equity for our employees as well as partners and communities!

SB Energy is committed to increasing the diversity of its workforce and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, gender, national origin, age, disability, veteran status, marital status, pregnancy, sex, gender expression or identity, sexual orientation, citizenship, or any other legally protected class. SB Energy strives to create an inclusive culture and safe environment for all.

To learn more about us, visit www.sbenergy.com.