Sr. Specialist, Commercial Management, US Renewables

A little about Capital Power:

Capital Power (TSX: CPX) is powering change by changing power. This north star guides our ambitions, focus, and actions as we transform our energy system to power a net zero future. We're a growth-oriented North American energy transition company headquartered in Edmonton, Alberta. We deliver reliable, affordable and decarbonized electricity solutions that communities can depend on.

Our people are at the core of our journey to get to net zero by 2045 and are transforming the future of power generation as a collaborative team of experts and innovators. We provide purpose-driven work in a safe and inclusive environment, and we live by our values. With us, your contributions matter. We're here to partner with you so you can learn, innovate, and forge a career that's meaningful to you. Join us in powering a clean energy future!

Your Opportunity:

Are you passionate about being part of an integral team that plays a key role in our growth and renewables portfolio? We are currently seeking an innovative and results-oriented individual to join our Commercial Management team responsible for our US Renewables portfolio!

Reporting to the Director, Commercial Management, US Renewables, the Senior Specialist will identify commercial risks and opportunities for existing assets. Working with Operations, internal teams, and external parties, you will develop and implement risk management strategies to optimize asset value.

You will also be responsible for achieving value-add targets for each asset and drafting sections of a strategic asset management plan in coordination with Operations, Finance, and other teams, aligned with corporate objectives and market conditions.

You will contribute to our team by:

• Leading and coordinating internal subject matter expert teams for the effective commercial management and optimization of value for the assigned asset and the generation fleet.
• Steering interaction with appropriate SMEs – operations, legal, credit, regulatory, finance, environmental, external suppliers, off-takers and regulators on commercial activities that generate revenue, reduce cost, or reduce and/or mitigate risks and/or provide opportunities for enhancing value.
• Conducting the negotiation of commercial contracts with external third-parties for supply of key facility inputs and sale of products and services – e.g. PPAs, REC contracts, long-term service agreements.
• Independently coordinating and managing relationships with external stakeholders and partners, working in consultation with internal stakeholders;
• Identifying and analyzing a variety of opportunities with respect to the current or future commercial management and operation of the asset(s), including monitoring and assessing the external environment for trends, threats or opportunities, including developing action strategies by leading and coordinating activities with internal stakeholders to address, optimize, and mitigate such trends, threats and / or opportunities.
• Providing commercial support to facility managers on operating and capital investment issues to preserve or enhance the value of the facility; including cost / benefit analysis and alternatives, if applicable.
• Making recommendations and leading efforts to resolve and manage issues or disputes with counterparties and partners; serving as a primary contact on such issues to resolve disputes.
• Leading and/or reporting on opportunities, challenges and/or issues at regular stakeholder meetings.
• Proactively managing and ensuring compliance with all related commercial agreements based on a strong working knowledge of relevant commercial environments, counterparties, and contracts that interface with the facility.
• Leading to completion ad-hoc special projects or initiatives with respect to specific assets, or common initiatives across all assets, as applicable.
• Managing commercial reporting and commercial management functions with asset partners.
• Participating in the evaluation of new assets/opportunities identified by Business Development for acquisition or greenfield/brownfield development.

What you will bring to the role:

Education:

• Degree in Engineering, Commerce or Economics; Masters or working toward Masters an asset.
• A professional designation is considered an asset.

Experience:

• 5 years of experience in an operational, commercial, engineering, business development, or financial and analytical role(s); preferably in the deregulated electricity industry or other related industry.
• Knowledge/experience with respect to power markets, power generation, power marketing, regulatory, commodities and related agreements, transmission/transport and related agreements and power purchase agreements is preferred.
• Experience with tax-equity partnership structures for renewable projects would be considered a strong asset.

Technical & Other Skills:

• Deep understanding of power markets, electricity generating plants, and regional plant operations.
• Experience with complex legal agreements, commercial management, and negotiations.
• Financial analysis skills, including familiarity with financial statements, budgets, forecasting, and the development of asset earnings profiles.
• Proficient in contract review and negotiations.
• Project management experience and ability to interface with all organizational levels.
• Willingness to travel within North America.
• Excellent verbal and written communication skills.
• Professional presentation and ability to represent the company externally.
• Ability to work with multiple stakeholders on multidisciplinary issues.
• Initiative, ability to handle ambiguity and conflict, and exercise influence.
• Attention to detail and accuracy.
• Ability to manage a dynamic and heavy workload.
• Independent decision-making and proactive issue resolution.

Working Conditions:

• Hybrid Office/Work from home position, with periodic travel to meet stakeholders at Capital Power facilities or other offices.

Additional Details

This position will remain open until a suitable candidate is found.

The pay range for this position is $126,825 to $138,840.

The specific rate will depend on the successful candidate’s qualifications and prior relevant experience.

This position is eligible for health care benefits, retirement benefits, paid time off, and annual bonus.

In order to be considered for this role you must be legally eligible to work in United States of America.

The successful candidate for this position will undergo an education verification, reference checks and criminal record check.

Capital Power employees that refer a successful candidate for this position are eligible for a $1000 Referral Reward!

We believe that creating a culture that supports employee physical, mental, financial, and social wellbeing is critical to our success. That is why we provide flexible and affordable employee benefits, retirement savings, and paid time off programs. We also provide comprehensive onboarding, training, and programs supporting your career development.

Depending on the posting requirements relocation assistance may be available.