Trading Associate
Description
Every day, we work together for what matters – bold, swift, and equitable climate action.
ABOUT THE ROLE
3Degrees' mission is to enable our global customers to reduce their environmental impact and achieve their renewable energy and sustainability goals. We do this by offering a full suite of climate and renewable energy products and services, including renewable energy certificates (RECs), RNG certificates, carbon credits, GHG strategy consulting, and renewable energy procurement advisory services (PPAs and VPPAs). The Environmental Markets division procures and sells these commodities to meet our customers' needs. As a member of the North America Renewable Energy Certificate (REC) team, you will focus specifically on the United States and Canada, actively trading in over 55 REC markets across every power pool in the country.
3Degrees' mission is to enable our global customers to reduce their environmental impact and achieve their renewable energy and sustainability goals. We do this by offering a full suite of climate and renewable energy products and services, including renewable energy certificates (RECs), RNG certificates, carbon credits, GHG strategy consulting, and renewable energy procurement advisory services (PPAs and VPPAs). The Environmental Markets division procures and sells these commodities to meet our customers' needs. As a member of the North America Renewable Energy Certificate (REC) team, you will focus specifically on the United States and Canada, actively trading in over 55 REC markets across every power pool in the country.
We value camaraderie and the benefits of in-person connection. This is a full-time 3Degrees Environmental Markets position located in Portland, ME and will report to the Senior Originator.
Please Note: 3Degrees does not provide sponsorship and/or relocation assistance; therefore, pre-existing right-to-work status is a prerequisite to be considered for this position.
WHAT YOU’LL DO
This role requires a strong operational focus and meticulous execution across various departments. You will be responsible for the accuracy and timeliness of deal entry into our internal database. A key part of your work will involve cross-functional collaboration with the Contracts and Trade Operations teams to ensure transaction details are accurately reflected in our agreements with counterparties and in our internal records. Your emphasis on process adherence and workflow optimization is essential to the team's success. Your work will involve the following:
Contract Management & Execution
- Engage with the North America REC portfolio to ensure all positions are clearly and correctly reflected
- Assist in generating and delivering contracts to counterparties in a timely manner
- Manage increased contracting responsibilities, ensuring timely and accurate processing of agreements with counterparties
Cross-Functional Collaboration & Stakeholder Engagement
- Work across departments to efficiently problem-solve contract issues and verify deal data
- Collaborate with internal stakeholders and external trading firms, ensuring alignment in deal terms and expectations
- Support the transition to new trading platforms and provide feedback to improve operational workflows
Market & Portfolio Support
- Assist Origination and Trading teams in generating trade proposals, RFP-related documentation, and risk review write-ups
- Assist with deliveries, as well as portfolio optimization and allocation of REC supply
- Develop an understanding of renewable energy voluntary and compliance markets, and related regulatory frameworks
ABOUT YOU
You have a strong foundation in operational strategy and execution, able to streamline processes and drive effectiveness. You pride yourself on your attention to detail and excel at managing competing priorities. Others would say you are a quick learner seeking to build a career in renewable energy and/or energy commodities. You have experience as a member of a fast-paced and progressive team and enjoy managing various tasks.
- Individuals with 2+ years of professional mid-office operations experience, ideally with experience in managing processes end-to-end and collaborating with external clients
- Proficiency in Excel at an intermediate level, with experience in data manipulation and analysis
- Excellent verbal and written communication skills with strong attention to detail
- Experience in a fast-paced, high growth, startup environment and comfort with customer outreach
- Familiarity with reviewing basic legal documents
- Experience working with contracting processes and attention to detail in legal documentation review
- Team player with a hunger to learn about environmental commodities, trading, and the renewable energy sector
- Strong commitment to diversity and inclusion as a key driver to business success and demonstrated passion for our mission
HOW WE DEFINE SUCCESS
Within 30 days,
- Complete onboarding and understand 3Degrees' mission, the Environmental Markets division, and the North America REC team's focus.
- Become proficient in internal databases and systems for accurate deal entry.
- Establish initial working relationships with key stakeholders across relevant departments.
- Develop a clear understanding of team processes, tools, and workflows.
Within 90 days,
- Independently manage accurate and timely deal entry into the internal database, meeting deadlines and quality standards.
- Proactively identify and resolve routine contract issues, collaborating effectively with internal stakeholders.
- Contribute to generating and delivering contracts to counterparties, ensuring timely and accurate processing.
- Demonstrate a solid understanding of the REC market and related regulatory frameworks, supporting the Origination and Trading teams.
Within 6 months,
- Manage increased contracting responsibilities, ensuring timely and accurate processing of complex agreements.
- Proactively identify and implement process improvements within contract management and deal entry workflows.
- Effectively collaborate with external trading firms, ensuring alignment in deal terms and building strong working relationships.
- Contribute to trade proposals, RFP documentation, and risk reviews, demonstrating market understanding and portfolio strategy.
Within 1 year,
- Become a subject matter expert in contract management and deal entry, serving as a resource for the team.
- Contribute to the transition to new trading platforms, providing feedback and ensuring smooth implementation.
- Develop and implement strategies to optimize REC supply allocation and portfolio management.
- Propose solutions for complex contract issues, demonstrating advanced problem-solving skills.
COMPENSATION & BENEFITS
- Compensation: The starting base pay for this position is $89,000 - $100,000 in the US. The total compensation package for the successful candidate in this role may exceed the base pay as it includes other incentive pay. The base pay is dependent upon many factors such as location, transferable or job-related skills, work experience, relevant training, business needs, and market demands. The base salary range is subject to change and may be modified in the future.
- Benefits: this position is eligible for a benefits package that includes medical, dental, vision, 401k, flexible paid time off and more. Additional information regarding the benefits available for this position can be found at: https://jobs.jobvite.com/3degrees/jobs/jointheteam
- Supplemental Pay: this position is eligible for discretionary bonus programs including the company’s profit sharing program and an annual team Bonus Pool.
- This compensation and benefits information is based on 3Degrees’ good faith estimate as of the date of publication and may be modified in the future.
OUR COMMITMENT TO DIVERSITY, INCLUSION AND EQUITY
3Degrees is an equal opportunity employer. We are committed to creating an inclusive environment where different perspectives contribute to better solutions. 3Degrees welcomes people regardless of race, color, religion, national origin, gender, gender identity or gender expression, age, sex, pregnancy, marital status, ancestry, physical or mental disability, military or veteran status, sexual orientation, genetic information, or any other category protected by law.
3Degrees is an equal opportunity employer. We are committed to creating an inclusive environment where different perspectives contribute to better solutions. 3Degrees welcomes people regardless of race, color, religion, national origin, gender, gender identity or gender expression, age, sex, pregnancy, marital status, ancestry, physical or mental disability, military or veteran status, sexual orientation, genetic information, or any other category protected by law.
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