Director, Power Origination (ERCOT)
United States / Canada
Commercial – Origination & Trading /
Full-time, remote /
Remote
Company Overview
Intersect Power is a team of friends driven to preserve our planet for future generations through low-carbon energy and infrastructure solutions. Founded in 2016, the privately held clean energy company develops and owns some of the world’s largest clean energy resources serving customers in retail and wholesale energy markets across North America. The company is redefining the scope of the clean energy industry by enabling new pathways between clean electricity and the broader economy to enable the deep decarbonization of our economy. We are on an aggressive growth trajectory and are staffing key positions.
About This Position
The Director, Power Origination will be responsible for defining the power off-take strategy & executing contracts to support our growing business in ERCOT. This position will report directly to the Vice President, Power Origination. This position will be responsible for identifying new customer opportunities, managing existing customer relationships, and structuring power off-take agreements.
Overview of Trading & Origination Team
The team currently has ten employees and is responsible for the structuring and execution of off-take for the project pipeline as well as optimization of the operating fleet to manage merchant exposure.
Responsibilities and Duties
- Execute on Intersect Power’s power off-take strategy
- Work with the modeling teams to value proposed off-take transactions in Project models
- Lead the structuring, negotiation and execution of financeable transactions with target customers
- Act as a SME for power products and ERCOT market
- Manage and grow power offtake customer base across in ERCOT
Qualifications and Skills
- 7+ years of experience executing power, REC, and capacity transactions
- Experience executing derivatives, including but not limited to swaps and options
- Strong understanding of ISDA and EEI contract forms and project liens
- Deep understanding of competitive electricity markets, particularly ERCOT
- Comfortable managing contract execution from start to finish
- Ability to work on numerous projects at once
- Strong collaboration skills to work across departments
- Strong quantitative skills and comfort working in Excel financial models
- Comfortable making pitch decks and marketing materials
- Strong communication skills and able to present to the Executive team & clients
- Ability to envision new off-take concepts & deliver them from concept to transaction execution
- Robust rolodex of customers & contacts to support the business
- Bachelor degree in Finance, Business, Engineering or Mathematics
*A note on qualifications: Studies have shown that women and people of color are less likely to apply for jobs unless they believe they are able to perform every task in the job description. We are most interested in finding the best candidate for the job and will consider any equivalent combination of knowledge, skills, education and experience to meet minimum qualifications. If you are interested in applying, we encourage you to think broadly about your background and skill set for the role.
Physical and Sensory Requirements
- Mostly sedentary work; using standard office equipment including: a computer, keyboard, and telephone.
- Position is part of a remote team, with regular electronic and video communication
- Position requires some travel for company-wide meetups: ~4 weeks total through a calendar year.
Reasonable Accommodations are available, including, but not limited to, for disabled veterans, individuals with disabilities, and individuals with sincerely held religious beliefs, in all phases of the application and employment process. To request an accommodation please email hr@intersectpower.com.
Salary & Benefits
- Salary: USD$160,000- $170,000 base salary with 40-50% annual target bonus
- Exceptional Healthcare: Access comprehensive medical, dental, and vision plans with 100% premium coverage for both you and your dependents.
- Financial Security: Benefit from a 3% non-elective employer contribution to your 401k or RRSP, ensuring your financial future is on the right track.
- Time Off: Unlimited Paid Time Off (PTO) + two company-wide vacation weeks (Fourth of July & End of year). We believe in the importance of rest and relaxation.
- Family-Friendly Policies: Experience up to 12 weeks of fully paid parental leave, with an additional 6 weeks for birth parents. We support you through the exciting journey of parenthood.
- Mental Health and Well-being: Access mental health and behavioral coaching services through Ginger, providing you with the support you need to thrive both personally and professionally.
- Family Planning Support: Navigate family planning with ease through our partnership with Carrot, ensuring a seamless experience for new parents.
- Perks: Enjoy a variety of perks, including a $150 USD monthly food stipend on Grubhub and a pet insurance allowance. We care about the little things that make a big difference.
- Tech-Ready: Gear up with our new hire tech package, including a laptop, monitor, docking station, webcam, headphones, and more. Set up your home office with provided furniture, including a desk and chair.
At Intersect Power we believe in fostering a supportive and enriching environment for our team members. Join us and experience a workplace that truly values you, inside and outside the office!
Note: We welcome applicants who do not have current enforceable non-compete restrictions that would hinder their employment with us. If you are currently under a non-compete agreement with a previous employer, we kindly request that you carefully review the terms of that agreement and ensure that your potential employment with us does not violate those terms.
Unsolicited resumes or referrals from third-party recruiting firms or agencies are not accepted by Intersect Power.
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