Job Information
NRG Energy, Inc. Wholesale Originator in VIRTUAL, California
Welcome to the intersection of energy and home services. At NRG, we’re all about propelling the next generation of leaders forward. We are driven by our passion to create a smarter, cleaner and more connected future. We deliver innovative solutions that make our customers’ lives easier—helping them power, protect, and intelligently manage their homes and businesses. To do this, we need creative and talented people to join our company.
We offer a dynamic work environment and a unified and inclusive culture. NRG fosters a strong sense of belonging that leads to better collaboration and business performance. Our company programs are designed to help employees develop the skills they need for success now and in the future. In everything we do, we aim to champion our employees and bring value to our customers, investors and society.
More information is available at www.nrg.com. Connect with NRG on Facebook, Instagram, LinkedIn and X.
The CAISO Wholesale Originator position within the NRG Business team will be responsible for originating, structuring, and negotiating electric commodity transactions with a focus on the CAISO/WECC wholesale power market. This individual will work closely with the NRG West Trading Desk and the NRG Business Sales Teams to help facilitate deal flow and manage internal and external issues related to pricing and closing transactions. This individual will be expected to act as a subject matter expert, well-versed in CAISO/WECC market fundamentals and capable of explaining key market dynamics to a variety of audiences. This individual will build and establish relationships with customers (i.e. utilities, banks, trading counterparties, asset developers, power generators, CCA’s) with the intent to grow customer flow business as well as execute structured transactions. The ideal candidate should have a strong working knowledge of the CAISO/WECC physical power market to structure transactions and generate value for NRG. This role will require a highly motivated and transactional individual as performance will be measured on executed transactions.
Essential Duties/Responsibilities
Originate, structure and negotiate power transactions in CAISO/WECC that support Commercial Operations and the C&I Sales Team.
Work with internal groups (including Sales, Legal, Risk, Costing, Structuring, Trading, and others) to manage all issues surrounding retail deals and help facilitate and close transactions.
Understand and be willing to explain market fundamentals and dynamics to audiences with varying levels of energy related knowledge
Lead sponsor in “selling” the strategic rationale and deal economics for structured transactions (i.e. coordination with West Trading Desk, Structuring Team, Legal, and Credit in developing deal summary for management review).
Co-develop and support long term growth strategy for the NRG portfolio in coordination with Business, Commercial Operations, and other key groups across the organization.
Minimum Requirements
Minimum of 5 years of power marketing or power trading experience is required
Bachelor’s degree from an accredited college or university is required
Advanced knowledge of the electric utility industry, electric energy markets, and market fundamentals, (especially in CAISO/WECC) is required
Advanced knowledge of customers and customer segments (Utilities, IPPs, developers) is required
Advanced knowledge of options, basis risk, hedging, losses, congestion, demand management, and other power marketing concepts is required.
Strong commercial skills and proven “hunter” that identifies and closes large wholesale power transactions.
Working Conditions
Evening and weekend work, while not the norm, may be required as business needs dictate
Up to 25% travel requirement to establish and maintain customer business
Additional Knowledge, Skills and Abilities
Ability to work with customers and people at all levels of the organization
Strong team player with ability to take initiative and work independently
Flexibility and ability to manage multiple tasks and deadlines
Effective verbal and written communication skills
Ability to multi-task, prioritize and adhere to deadlines while maintaining attention to detail
Must be a creative thinker with strong investigative and analytical skills
The salary range for this role is $169,840-$305,760. Pay is based on several factors, including but not limited to education, work experience, certifications, etc.
NRG Energy is committed to a drug and alcohol-free workplace. To the extent permitted by law and any applicable collective bargaining agreement, employees are subject to periodic random drug testing, and post-accident and reasonable suspicion drug and alcohol testing. EOE AA M/F/Protected Veteran Status/Disability. Level, Title and/or Salary may be adjusted based on the applicant's experience or skills.
EEO is the Law Poster (The poster can be found at http://www.eeoc.gov/employers/upload/poster_screen_reader_optimized.pdf)
Official description on file with Talent.
NRG Energy, Inc.
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