What The Role Is
Reporting to the Chief Operating Officer, the Senior Manager, Energy Management will lead a team responsible for managing market and volumetric risk within Clearway’s portfolio of utility-scale assets. The Senior Manager will have primary responsibility for executing market positions and hedging activity in close partnership with the Director, Market Strategy, who sets the company’s overarching portfolio and hedging strategy. The Senior Manager will work in close coordination with Business Development, Origination, Asset Management, and Operations to effectively de-risk and optimize Clearway’s overall market positions.
If you don’t meet 100% of the below qualifications but see yourself contributing, please submit your resume.
What You'll Be Doing
Position Management
Lead the Energy Management team’s execution of asset hedging and optimization activity across Clearway’s renewable and conventional asset portfolio.
Manage Clearway’s market portfolio exposure in compliance with corporate and project-level trading policies.
Engage with QSEs, trading platforms, and/or other parties to execute transactions in real-time, day-ahead, week-ahead, or balance-of-month markets.
Execute Capacity, Resource Adequacy, and transmission hedging strategies established by the Director, Market Strategy.
Execute gas trading strategies established by the Director, Market Strategy to help mitigate risk for the company’s conventional assets.
Execute alternative hedge structures and structured products, in coordination with Origination, Business Development, and Asset Management, that support risk management and optimization at a project or portfolio level.
Lead commercial efforts to restructure contractual agreements to better enable risk management and optimization activities.
Lead efforts to integrate battery storage optimization into the broader energy management scope.
Fundamental Analysis
Monitor near-term energy market fundamentals – weather, supply, load, and transmission conditions – to inform day-to-day trading and hedge execution decisions.
Partner with the Director, Market Strategy to ensure execution activity reflects the latest fundamental views.
Manage internal personnel, services/subscriptions, and 3rd parties to enable oversight and mitigation of market and volumetric risk factors including weather, transmission, regulatory, and other supply/load drivers.
Provide recurring and ad-hoc updates to internal stakeholders and financial partners on execution results and market conditions.
Governance, Compliance & Administration
Ensure strict compliance with established energy and risk guidelines.
Work closely with the Senior Director of Risk to ensure compliance and adherence to risk policies and participate in Energy Risk Committee discussions along with senior leadership.
Interface with Business Development, Finance, and Asset Management to ensure smooth transition of projects into commercial operation and energy management scope.
Due Diligence in support of M&A and Project Investments
Perform project evaluations, project agreement reviews, and due diligence and make recommendations in support of acquisitions, divestitures, and/or investments in company-developed or repowered projects.
What You'll Bring
Bachelor’s degree in Finance, Business, Economics, or a related quantitative field required.
7+ years of energy industry experience in portfolio optimization, energy risk mitigation, energy hedging and trading, contract administration, project finance, or other commercial engagements.
Expert understanding of power markets, including forwards, futures, swaps, and options.
Direct experience in one or more of the following:
Valuing and transacting Resource Adequacy and Capacity products
Valuing and transacting electricity futures products bilaterally or on an organized exchange.
Valuing and transacting transmission hedging products
ISDAs, credit support annexes, and other enabling agreements that govern energy commodities,…