Analyst, Origination & Structuring

Origination & Structuring Austin, Texas


Description

Position at Recurrent Energy

Job Description

 

Functional Title

Analyst, Origination & Structuring

FLSA Status

Exempt

Functional Area

Commercial Development / Power Marketing / Origination & Structuring

Grade

F1

 

Summary

Reporting to Manager of Origination & Structuring, the Analyst will provide power marketing, transaction, and project development support through financial modeling, proposal drafting, research, and project management across a pipeline of projects and wholesale power markets.  Strong analytical and quantitative skills, as well as an interest in learning about storage and renewable energy, are necessaryCandidates with demonstrated experience in direct customer development or project management, with strong commercial acumen and an ability to summarize and communicate complex ideas succinctly are preferred for this exciting and challenging professional opportunity.

 

Principal Responsibilities/Key Results Areas

  • Develop proposals and project level content, provide transactional document and analytical support, complete financial and economic analyses
  • Conduct primary and secondary research on energy policies, power economics, energy price forecasts, competitive market pricing and other data by market, especially related to developing and contracting storage projects
  • Build models, exhibits and analysis to aid internal project development process and external power marketing activities
  • Support O&S and storage team in process of structuring, negotiating and closing project level transactions including Power Purchase Agreements and development asset acquisitions
  • Support storage team in optimizing location, sizing, duration, and other parameters and provide technical assistance to regional development teams
  • Responsibilities include building and maintaining transaction models for physical power price swaps and financial derivatives
  • Assist with the buildout of internal business tools and deal presentations for senior management approval
  • Succinctly communicate the economics and key contract terms of potential deal structures to other team members
  • Interact with land agents, customers, investors, and other counterparties to support origination and development activities

 

Financial & Organizational Scope

 

Reporting Relationships & Interactions

  • No direct financial responsibility
  • Indirect fiscal responsibility through financial modeling and assisting to close external customer transactions
  • Works across Origination & Structuring and Storage teams, as well as with Development, Strategic Planning, Mergers & Acquisitions, Project Finance, and others in the company

 

  • Reports to Manager of Storage
  • Supports other Analysts and Managers in proposal preparation, PPA negotiations, acquisitions, and market analyses
  • Coordinates with internal teams on siting campaigns, interconnection applications, proposals, contract negotiations and project acquisition opportunities
  • Interacts with land agents, external customers and market counterparties

 

Requirements

Knowledge & Skills

  • Highly proficient in MS Excel, (advanced proficiency), Word, and PowerPoint
  • Preferred: proficiency in Python
  • Evidence of solid research and technical writing experience preferred
  • Strong understanding of economic, business and commercial transaction concepts
  • Knowledge of customers and segments in North America utility scale solar market (IOUs, coops, munis, Commercial & Industrial companies, IPPs, government agencies) is a plus
  • Familiarity with PPA structures and project or real estate development is a plus
  • Understanding of concepts including:  basis risk, power markets, hedging, losses, and congestion, preferred

Abilities

  • Ability to manage multiple workstreams, straddling power marketing and storage development responsibilities
  • Desire to work in a transaction-based environment where requirements and tight deadlines are dictated by deal flow while maintaining storage pipeline growth
  • Highly resourceful and comfortable working in an unstructured, entrepreneurial environment
  • Strong quantitative aptitude, with an extremely high level of attention to detail and a strong sense of personal responsibility and ownership of work
  • Excellent personal organizational skills
  • Ability to summarize and present complex issues and opportunities into succinct and actionable terms
  • Highly driven and hard-working individual with high standards for themselves and others
  • Effective at working cross-functionally

Experience & Education

  • Bachelor’s degree or equivalent work experience.
  • 2-3 years work experience preferably within a transactional energy environment
  • Demonstrated interest in a career in energy analysis and deal origination required
  • Experience in renewable energy industry and power markets is a plus
  • Familiarity with CAISO, ERCOT, PJM, MISO, NYISO, ISONE, or IESO power markets and bilateral market regions is a plus
  • Direct interaction with customers and counterparties

 

Other Comments

Ability and willingness to travel as required (estimate 20%)