Senior Analyst, Energy Management (Hybrid)

What The Role Is
Reporting to the SVP, Asset and Energy Management, the Senior Analyst, Energy Management align company's energy portfolio, consisting of over 7,000 MWs of renewable and conventional generation, with management's portfolio strategy and risk tolerance. Works with management on developing, reviewing, and modifying the portfolio strategy to provide guidance on future expectations. Works closely with energy traders to incorporate short-term market conditions into risk management strategy. This position does not currently supervise any direct reports but anticipates growth potential in the future as the company continues its current aggressive growth trajectory. Job location is Carlsbad, CA or Scottsdale, AZ. This job posting is open to multiple locations but represents one available position
What You'll Be Doing
Risk Analytics

• Develop portfolio risk limits and maintain portfolio-level risk metrics accounting for cross-market correlations in energy, congestion, and REC prices.
• Develop short term models for gross energy margin at risk for projects with market price exposure, with a focus on prompt month to five years forward, to guide hedging and risk mitigation strategies within the confines of the established Energy Risk Management policies.
• Support energy management team with trading tools to support of day ahead energy offers and CRR/FTR bidding strategies. Facilitate trading strategy performance benchmarking and establishing risk limits.
• Review forward market price volatility curves and correlation assumptions for stochastic risk modeling.

Energy Market Strategy

• Support valuation of short-term hedge and PPA amendments for contract negotiations with the Origination team
• Develop REC, Capacity, Resource Adequacy, and transmission hedging trading strategies.
• Collaborate with Managing Director, Market Fundamentals to incorporate long-term fundamental views into short-term risk mitigation trading strategies.
• Develop gas trading strategies to help mitigate the risk for the company's three conventional assets.
• Develop and apply portfolio optimization techniques to drive hedge strategy decisions while balancing risk-adjusted revenue of Clearway's renewable assets. Hedging strategies include day-ahead transactions, CRR/FTRs, and term hedge and PPA transactions. Perform daily and weekly portfolio assessments to identify opportunities to maximize portfolio profit opportunities and identify risks.

Reporting & Communication

• Present risk issues that require approval of the Energy Risk Committee at the committee meeting. Work closely with the Director of Risk to ensure compliance and adherence to the risk policies.
• Lead creation of management reporting that present positions and exposures including mark to market credit exposures of energy positions and value at risk.
• Collaborate with senior executives in setting appropriate hedging and risk management strategies for both renewable and conventional assets.
• Maintain confidentiality and sensitivity with respect to all functions of DEI.
• Participate in Energy Risk Committee discussions along with senior leadership.

What You'll Bring

• Experience in valuing and transacting transmission hedging products
• Solid understanding of various power markets including forwards, futures, swaps, and options.
• Experience working with variable generators and natural gas plants is highly desirable
• Strong business and financial savvy with the ability to support a high-performance organization that will deliver operational excellence and meet or exceed financial targets
• Highly proficient in developing sophisticated models to analyze and identify energy market risks
• Strong relationships with credit and professionals, both internally and externally, to ensure adherence with established credit and risk policies
• If you don't meet 100% of the above qualifications but see yourself contributing, please submit your resume.
• Ability to think creatively, manage competing priorities, work independently, and pay attention to detail
• Experience working with Energy Trading Risk Management (ETRM) systems
• Strong Python or other coding programing skills
• Ability to extract, manipulate and analyze large datasets relevant to energy market in order to develop complex trading algorithms
• Bachelor's degree in Finance, Business, Economics or a related quantitative field required.
• Ability to perform well under pressure on teams in a demanding environment and occasionally work extended hours to meet project deadlines
• 3+ years of energy industry experience in a portfolio optimization, energy risk mitigation, energy hedging and trading, contract administration, project finance, and other commercial engagements
• Experience with ISDAs, credit support annexes, and other enabling agreements that govern energy commodities, products, and instruments
• Highly proficient in Microsoft Word, Excel, and PowerPoint
• Collaboration with Asset Management, Capital Markets and Portfolio Finance to ensure enabling agreements are executed and followed within risk management framework
• Experience in valuing and transacting Resource Adequacy and Capacity products
• Excellent written and verbal communication skills and an ability to communicate complex issues in a clear, concise manner
• Self-motivated, highly organized, and detail oriented

What Would Be Nice

• MBA or MS is highly desirable

Clearway will not sponsor nonimmigrant visas for this position (H-1B, TN, E-3, etc.).
What We'll Bring
About Clearway Energy Group
Clearway Energy Group is leading the transition to a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., we own and operate more than 8 gigawatts of renewable conventional energy assets across the country. As we develop a nationwide pipeline of new renewable energy projects for one future, Clearway's 6.9 gigawatts of operating wind, solar, & energy storage assets offset the equivalent of more than 10.5 million metric tons of carbon emissions for our customers today. Clearway Energy Group is headquartered in San Francisco with offices in Carlsbad, CA; Scottsdale, AZ; Houston, TX; Denver, CO & Princeton, N.J. For more information, visit clearwayenergygroup.com.
Our Commitment to Diversity, Equity, & Inclusion
At Clearway, we create a community that isn't about being the same - it's about building a team of unique individuals, with different backgrounds and skill sets, coming together to build something big and make a difference in the world.
Clearway is an equal opportunity employer that values a broad diversity of talent, knowledge, experience, and expertise. We intentionally foster a culture of inclusion that empowers our employees to deliver superior performance to the communities we serve. We encourage minorities, women, individuals with disabilities and protected veterans to join the team. Clearway is a proud promoter of employment opportunities to our Military and Veterans.
Working at Clearway, Hybrid Together
Here at Clearway, we're committed to balancing flexibility while fostering strong relationships among our teammates. How do we do that? We prioritize new hires based near one of our offices in San Francisco, Carlsbad, Scottsdale, Houston, and Princeton. Our office-based employees typically work together from fabulous spaces on Tuesdays and Thursdays to collaborate & learn, build community, get to know one another, and enjoy company-provided meals and events.
What We Provide
The salary range for this position is $128,000 to $153,000 and is eligible to earn an annual cash bonus, subject to personal and company performance goals. The pay rate for the successful candidate will depend on geographic location, skills, relevant and demonstrated experience, education, training and certifications, and other factors permitted by law.
Clearway offers all eligible employees working 20+ hours per week a comprehensive menu of benefits: generous PTO, medical, dental & vision care, HSAs with company contributions, health FSAs, dependent daycare FSAs, commuter benefits, relocation, & a 401(k) plan with employer match, a variety of life & accident insurances, fertility programs, adoption assistance, generous parental leave, tuition reimbursement, & benefits for employees in same-sex marriages, civil unions & domestic partnerships. For more on Clearway benefits, visit our Benefits Website (https://benefitsatclearway.com/) .