Analyst, Power Markets & Origination

Onward Energy; Denver (CO); Hybrid; USD 65,000 - 90,000; Full time

Benefits offered by this job

Health insurance

Retirement savings

Job summary

Onward Energy in Denver, CO is seeking an Analyst, Power Markets & Origination to support a growing portfolio with energy settlements, contract compliance, trading support, REC management, and market research. Entry-level role reporting to the Senior Manager.

The ideal candidate has a quantitative bachelor’s degree, 0–2 years in energy markets, advanced Excel skills, and the ability to learn North American wholesale electricity markets.

Qualifications

• Bachelor’s Degree with a quantitative focus (e.g., Economics, Engineering, Environmental Science, or Finance). Experience may substitute for degree.
• 0–2 years of professional experience in energy markets, settlements, accounting, finance, commercial operations, or a related field.
• Advanced proficiency in Microsoft Excel, including building, maintaining, and analyzing complex models and datasets.
• Ability to quickly gain proficiency with North American electricity markets (e.g., CAISO, ERCOT, MISO, PJM, SPP, ISO-NE, NYISO) and bilateral energy markets.
• Excellent problem-solving and analytical skills with the ability to synthesize data from various sources and identify solutions.
• Self-starter with strong work ethic and aptitude for intellectual curiosity; ability to conduct independent research using various tools including LLMs and linear regression.
• Exceptional verbal and written communication skills.
• Exceptional organizational skills and ability to manage multiple priorities in a fast-paced environment.

Responsibilities

• Develop a comprehensive understanding of commercial revenue contracts (PPAs, energy hedges, heat rate call options) and other contracts.
• Manage and log compliance obligations and communications across the portfolio, including reporting and guaranteed energy production.
• Conduct market research and analysis related to energy bidding strategies, forward trades, and related products.
• Support daily bidding strategy development and confirmation of bid submissions.
• Manage settlement reconciliation and invoicing for the portfolio by maintaining settlement and revenue models, analyzing data for discrepancies, and coordinating with Accounting.
• Develop and maintain Standard Operating Procedures for Power Markets & Origination processes.
• Oversee REC administration including deliveries, reconciliations, invoicing, and regulatory reporting.
• Assist with regulatory reporting deliverables (FERC EQRs, EIA reports).
• Serve as SME for ISO settlement tariffs, market rules, and related processes.
• Identify process improvements and opportunities for automation.
• Collaborate with Asset Managers, Engineers, Accountants, and Attorneys to support portfolio performance.

Skills

Analytical mindset

Curiosity

Self-starter

Attention to detail

Eager to learn

Education

Bachelor's degree (quantitative)

Tools

Microsoft Excel

LLMs

Job description

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Position Title: Analyst, Power Markets & Origination

Reports To: Senior Manager, Power Markets & Origination

Direct Reports: No Functional Unit: Power Markets & Origination

FLSA Status: Exempt Position Type: Full-Time

This role is an entry-level position on the Power Markets & Origination team. The primary responsibilities for this position will be to support the management of Onward Energy’s growing portfolio of assets, including energy settlements, revenue contract compliance, trading support, customer relationship management, REC portfolio management, and market research.

THE RESPONSIBILITIES

• Develop a comprehensive understanding of the Company’s commercial revenue contracts, including long-term power purchase agreements (PPAs), energy hedges, heat rate call options, and other commercial contracts.
• Manage, administer, track compliance obligations and log communications across the portfolio, including reporting deliverables, guaranteed energy production, delivery of financial statements, and other counterparty requirements.
• Perform market research and analysis related to energy bidding strategies, forward energy trades, Financial Transmission Rights/Congestion Revenue Rights and structured products, including identification of correlations in datasets.
• Support daily bidding strategy development and confirmation of bid submissions.
• Manage settlement reconciliation and invoice creation for Onward Energy’s portfolio of thermal, wind, and solar projects by:
  • Maintaining and enhancing settlement and revenue models,
  • Analyzing settlement data to identify discrepancies and ensure accuracy of revenue calculations,
  • Coordinate with Accounting and other internal teams to ensure timely and accurate invoice issuance, and
  • Develop and maintain Standard Operating Procedures for critical Power Markets & Origination processes and procedures.
• Oversee a variety of obligations tied to the portfolio’s Renewable Energy Credit (REC) administration, including tracking deliveries, reconciliations, invoicing, regulatory reporting, and compliance with market requirements.
• Support the preparation of State and Federal regulatory reporting deliverables, such as FERC EQRs, EIA reports, etc.
• Serve as the Subject Matter Expert (SME) for Independent System Operator (ISO) settlement tariffs, market rules, settlement methodologies, and related processes impacting Onward Energy's portfolio.
• Take initiative to identify existing processes that can be optimized to improve overall performance and reliability and/or find opportunities for automation.
• Support the Power Markets & Origination team in ad-hoc assignments relating portfolio risk management, M&A due diligence, and market research.
• Collaborate with several different teams across the company, including Asset Managers, Engineers, Accountants and Attorneys, to support the commercial and operational performance of the Company’s portfolio.
• Perform additional duties and special projects as assigned.

THE PROFILE TO SUCCEED

The successful candidate will bring a combination of analytical rigor, curiosity, ability to self-start, attention to detail, and strong desire to learn and grow within the energy industry.

• Bachelor’s Degree with a quantitative focus (e.g., Economics, Engineering, Environmental Science, or Finance). Experience may substitute for degre e.
• 0 – 2 years of professional experience in energy markets, settlements, accounting, finance, commercial operations, or a related field.
• Advanced proficiency in Microsoft Excel, including the ability to build, maintain, and analyze complex models and datasets.
• Ability to quickly gain proficiency with concepts driving the North American organized electricity markets (e.g., CAISO, ERCOT, MISO, PJM, SPP, ISO-NE, or NYISO); knowledge of bilateral energy markets is also beneficial.
• Excellent problem-solving and analytical skills with the ability to synthesize data from various sources, understand issues, and identify solutions.
• Self-starter with a strong work ethic and aptitude for intellectual curiosity; ability to do independent research, learning and analysis using various tools including LLMs and linear regression.
• Exceptional verbal and written communication skills.
• Exceptional organizational skills, attention to detail, and the ability to manage multiple priorities in a fast-paced environment.

THE TEAM

The Onward Energy team is collaborative, dedicated, hard-working, and down-to-earth. The management team is comprised of seasoned industry professionals supported by experienced project operators and advisors.

THE WORK ENVIRONMENT

Onward Energy is currently implementing a hybrid office environment, with team members in the office at least three days per week. The position functions in a smoke and vaping-free professional office environment. The role routinely utilizes standard office equipment such as laptop computers, phones, and scanner/photocopier.

Onward Energy total rewards philosophy is motivated by a key tenet of valuing team members and offers employees a comprehensive total rewards package which includes market-competitive compensation, health/life insurance, and retirement savings benefits.

EEO STATEMENT

Onward Energy is an Affluent Action Employer, Females/Minority/Veterans/Disabled/Sexual Orientation/Gender Identity.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.