Commercial Manager, USA Renewables

Posting End Date: November 16, 2023 

A little about Capital Power

Capital Power (TSX: CPX) is driven to power a sustainable future for people and planet. This purpose guides our ambitions, focus, and actions as we transform our energy system to power a net zero future. We’re a growth-oriented North American energy transition company headquartered in Edmonton, Alberta. We deliver innovative electricity solutions with a vision to electrify the world reliably and affordably while protecting the planet for future generations.

Our people are at the core of our journey to get to net zero by 2045 and are transforming the future of power generation as a collaborative team of experts and innovators. We provide purpose-driven work in a safe and inclusive environment, and we live by our values. With us, your contributions matter. We’re here to partner with you so you can learn, innovate, and forge a career that’s meaningful to you. Join us in powering a clean energy future!

Your Opportunity

One 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 Director, Commercial Management, US Renewables, as the Commercial Manager, US Renewables 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.

As the Commercial Manager, US Renewables you will own and handle the day-to-day relationship with the applicable counterparties or joint venture partners, works independently (and/or in coordination with Operations/CPM) on short-term and long-term asset optimization opportunities, issues or disputes, ensures compliance with applicable agreements, and is 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 development and their impact on the value of the asset and in coordination with other internal groups, develops and implements strategies to preserve and enhance the market of the assets with a broader portfolio view. This includes developing and presenting information to external parties for any asset divestiture process.

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 maintaining 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 enhance the value of the facility.
• Making recommendations and leads 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, commerce, economics, or related field.
• Master’s or working toward master’s an asset.
• A professional designation is considered an asset.

Experience:

• 5+ years of experience in an operational, commercial, engineering, business development, or financial and analytical roles; preferably in the deregulated electricity or other related industry.
• 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 a strong 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:

• Hybrid office/work from home position.
• Periodic travel to locations across North America will be required.
• Working locations: Edmonton or Calgary.

Additional Details

In order to be considered for this role you must be legally eligible to work in Canada.

The successful candidate for this position will undergo an education verification, reference checks and criminal record check.

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 careers@capitalpower.com.

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.

To apply on this position please go to www.capitalpower.com/careers and search for JR805710.