Senior Asset Trader

Company:  ACCIONA
Location: Chicago
Closing Date: 05/11/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description

ACCIONA Energía is the biggest 100% renewable energy company with no fossil legacy in the world. With more than 30 years of experience and operations in 20 countries on five continents, ACCIONA Energía offers a wide portfolio of tailored energy solutions so that its corporate and institutional clients can meet their decarbonization goals. This includes the development, engineering, construction, operation, and maintenance of renewable power plants -mainly wind and photovoltaic technologies-, energy sales and management and marketing, energy services, self-consumption, electric mobility, and new technologies such as storage and green hydrogen. ACCIONA Energía is governed by the most demanding environmental, social and corporate governance (ESG) criteria.


Acciona Power Marketing is responsible for maximizing revenues from the operating and development fleet of generation assets while originating innovative structures to meet customer demand. Power Marketing is the commercial interface to the marketplace and is charge with mitigating portfolio risk while being opportunistic in the market to add value to the company.

The Senior Asset Trader will be involved in the lifecycle of project optimization from inception through to Real-Time including strategic bidding and dispatch, dynamic hedging, and management of all residual risks to the portfolio.


Responsibilities:


  • Develop hedging and optimization strategies for the merchant fleet of renewable assets.
  • Partner with junior traders to create daily optimization plans, execution of bidding strategies, and scheduling of power.
  • Execute through all channels of the market including bilateral, exchanges, and OTC brokers.
  • Assess portfolio exposures such as intermittency and basis risk to suggest operational/hedging strategies to mitigate market exposure.
  • Work with third-party providers where needed to deploy optimization strategies for energy storage portfolio.
  • Perform analyses of grid operations, congestion, power flows, weather, generation and transmission outages, and other market fundamentals to form forward views.
  • Support new project pipeline and M&A goals by assessing merchant and structured offtake opportunities to create the best risk-adjusted return profile.
  • Participate in cross-department projects as needed to advance the execution and operational capabilities of the Power Marketing function.
  • Serve as a thought partner to bring innovative structured origination products to market which could include block clean energy offtake and co-location opportunities.


Requirements:


  • Bachelor’s degree in a quantitative field such as Physics, Mathematics, Business, or Engineering.
  • 7-10 years of industry experience with at least 2 years of direct experience in a similar role at an Independent Power Producer, Utility, or Energy Company with a focus on both renewable and dispatchable assets.
  • Proven track record in optimization strategies for wind, solar, and/or energy storage facilities.
  • Experience with computer programming languages such as R and Python is a plus.
  • Self-starter and strong commercial instincts with exceptional communication skills.
  • Strong organization, analytical, project, and process management skills.


Benefits – we’ve got you covered!


In addition to competitive base pay, we offer a variety of attractive employment incentives:


· Annual Company Bonus


· Comprehensive Benefits starting on Day 1, including medical, dental, and vision insurance for you and eligible dependents, plus an Employee Assistance Program (EAP), HSA company contributions, and FSA options. After 90 days, you'll also have access to life insurance, disability coverage, paid parental leave, and optional plans


· 401(k) with company match and immediate vesting after 90 days


· 15 days of PTO (with 1 additional day per year of service), 9 public holidays, and 2 flexible holidays


· $50 monthly reimbursement for health, wellness, or fitness-related memberships and equipment


· Career development and growth opportunities, along with access to technical, skills, and language training programs, including tuition reimbursement


· Downtown Chicago office, featuring a modern, open layout with plenty of collaborative spaces and breakout areas. Daily perks include coffee, complimentary healthy snacks, and free access to the building’s fitness center


· Hybrid work schedule, with 3 days in the office and 2 days working from home, plus early Fridays with a 3 p.m. cut-off


As a company that values diversity as a source of talent, we work to foster an inclusive environment that promotes respect, belonging and engagement so that all people can participate on an equal opportunity basis. We invite everyone to apply regardless of origin, circumstances, background or condition.

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