Job Description
A little about Capital Power
Capital Power (TSX: CPX) is dedicated to Powering Change by Changing Power. This north star guides our ambitions, focus, and actions as we transform our energy system. We're a growth-oriented North American energy company headquartered in Edmonton, Alberta. Our team safely delivers, builds, and creates balanced energy solutions for customers across North America.
Our people are at the core of our journey to deliver reliable, affordable, and lower-carbon power solutions. We provide purpose-driven work in a safe and inclusive environment, and we live by our North Star. With us, your contributions matter – we want you to be empowered to innovate, collaborate, and ultimately drive results. We're here to partner with you so you can learn, grow, and forge a career that's meaningful to you. Join us in powering North America!
Your Opportunity
Permanent Full Time Position.
Are you passionate about being a part of an integral team that plays a key role in our growth and net zero ambitions?
We are currently seeking an innovative and results-oriented individual to join our Commercial Management team!
Reporting to the Vice President, Commercial US West, as Senior Asset Manager, US West you are accountable for proactively identifying commercial risks and opportunities for existing assets, both for the short-term and the longer term. You will develop and implement risk management strategies and mitigating plans to preserve, improve, and optimize the value of existing assets. This includes accountability for delivering the value-add targets for commercial management assigned for each asset. You will provide guidance and draft assigned sections of a strategic asset management plan for the assigned generation facilities.
This is an exciting opportunity for you to own and handle the day-to-day relationship with the applicable counterparties or joint venture partners. You will work independently (and/or in coordination with Operations or Commodity trading) on short-term and long-term asset optimization opportunities, issues, or disputes, ensure compliance with applicable agreements, and will be the lead point of contact on applicable asset matters with legal, regulatory, finance, environment and external regulatory agencies and government entities. You will also be responsible for monitoring market developments and their impact on the value of the asset and in coordination with other internal groups, by developing and implementing strategies to preserve and enhance the market of the assets with a broader portfolio view.
You will contribute to our team by
Leading and coordinating internal subject matter expert teams for the commercial management and optimization of value for the assigned asset and the generation fleet.
Steering interaction with appropriate subject matter experts (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 improving 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 retaining 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 improve the value of the facility.
Making recommendations and leading efforts to resolve and handle issues or disputes with counterparties and partners by 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 handling and ensuring compliance with all related commercial agreements.
Leading to completion ad-hoc special projects or initiatives for 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, business, economics, or related field.
Master’s or working toward master’s an asset.
A professional designation is considered an asset.
Experience:
8+ years of experience in an operational, commercial, engineering, business development, or financial and analytical roles; preferably in the deregulated electricity industry or other related industry.
5+ years of experience in P&L including variance reporting. Reasonable understanding of accounting and transaction flows through the financials.
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 an asset.
Technical & Other Skills:
Deep understanding and experience in power markets, electricity generating plants, plant operations for each region where the asset is situated.
Experience working with complex legal agreements or contracts.
Commercial management or negotiating experience.
Reasonable levels of financial analysis skills, familiarity with financial statements, budgets, forecasting and development of asset earnings profiles.
Proficient in contract review and negotiations.
Project management experience and ability to interface with all levels of the organization.
Ability for travel in the North American market to plant sites and other offices.
Excellent verbal and written communication skills.
Well presented with the ability to represent the company with external parties.
Ability to work with multiple internal and external stakeholders, on multi-disciplinary issues and opportunities.
Takes initiative, ability to deal with ambiguity and conflict and ability to exercise influence.
Attention to detail and accuracy.
Ability to handle dynamic and full workload.
Capable of making sound decisions of an independent nature.
Provide recommendations to Senior Management to resolve issues in a proactive manner that benefits the interests of Capital Power.
Working Conditions:
Location: Phoenix, AZ Corporate Office
Position allows for hybrid work schedule
Periodic travel to locations across North America will be required.
Additional Details
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 the United States.
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.
How To Apply and Next Steps
Capital Power only accepts resumes via online application at www.capitalpower.com/careers. If you choose to submit your resume by any other means, we cannot guarantee that your application will be considered for vacancies.
Applicants with disabilities who require a reasonable accommodation to complete their application can request accessible formats, communication support, or other accessibility assistance by contacting [email protected].
Capital Power is committed to providing a fair and transparent hiring process. We recognize and embrace the value of diversity and hire employees with the appropriate skills, experience and knowledge for each position.
Thank you for taking the time to apply and expressing interest in powering a sustainable future with Capital Power! We wish that we could personally respond to everyone who applies; however, it is our practice to contact only those individuals selected for interviews.