Asset Manager - Gas Power Generation

Capital Power; Phoenix (AZ); Hybrid; USD 138,900 - 149,900; Full time

Benefits offered by this job

Health care benefits

Retirement benefits

Paid time off

Annual bonus

Job summary

A leading energy company is seeking an Asset Manager for Gas Power Generation to oversee and optimize the performance of its US thermal portfolio. The role demands a proactive individual with extensive experience in the electricity sector, capable of managing commercial risks and relationships effectively while aligning with corporate objectives. This full-time position offers competitive pay and contributions towards a lower-carbon future.

Qualifications

• 8+ years of experience in operational or financial roles, preferably in the electricity industry.
• Strong understanding of power markets and relevant agreements.

Responsibilities

• Identify and manage commercial risks and opportunities for gas power generation assets.
• Coordinate with various internal teams for effective asset management and compliance.

Skills

Financial analysis

Contract negotiation

Project management

Stakeholder management

Attention to detail

Education

Degree in Engineering, Commerce, or Economics

Master's or pursuing Master's is an asset

Job description

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This range is provided by Capital Power. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$138,900.00/yr - $149,900.00/yr

To apply on this position please go to http://www.capitalpower.com/careers and search for JR806513

A little about Capital Power

Capital Power (TSX: CPX) is dedicated to Powering Change by Changing Power. This north star guides our ambitions, focus, and actions as we transform our energy system to power a lower-carbon future. We're a growth-oriented North American energy company headquartered in Edmonton, Alberta. Our team safely delivers, builds, and creates balanced energy solutions for customers across North America.

Our people are at the core of our journey to deliver reliable, affordable, and lower-carbon power solutions. We provide purpose-driven work in a safe and inclusive environment, and we live by our North Star. With us, your contributions matter – we want you to be empowered to innovate, collaborate, and ultimately drive results. We're here to partner with you so you can learn, grow, and forge a career that's meaningful to you. Join us in powering North America!

One Permanent Full Time Position.

Are you passionate about being part of an integral team that plays a key role in our growth and managing the business of power generation assets? We are currently seeking an innovative and results-oriented individual to join our Commercial Management team responsible for US gas power plants in our Thermal portfolio!

Reporting to the Director, Commercial Management US Thermal, as the Asset Manager, you will be accountable for proactively identifying commercial risks and opportunities for existing assets, both for the short-term and the longer term. In coordination with Operations and other internal functional groups and external parties, you will develop and implement risk management strategies and mitigating plans to preserve and enhance and optimize the value of existing assets.

This includes accountability for delivering the value-add targets for commercial management assigned for each asset. In coordination with Operations, Finance and other internal functional teams — and consistent with corporate objectives and external markets and regulatory conditions — you will provide expert input and draft assigned sections of a strategic asset management plan for the assigned generation facilities.

Overall, as the Senior Specialist, US Thermal, you will own and manage the day-to-day relationship with the assets’ applicable counterparties or joint venture partners, work independently (and/or in coordination with Operations or the Commodity Trading group) on short-term and long-term asset optimization opportunities, issues or disputes, ensures compliance with applicable agreements, and be 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 developments and their impact on the value of the asset, and -- in coordination with other internal groups – the development and implementation of strategies to preserve and enhance the market of the assets with a broader portfolio view. In addition, you may provide key input to due diligence efforts surrounding potential new acquisitions.

You will contribute to our team by:

• Leading and coordinating internal subject matter expert teams for the effective commercial management and optimization of value for the assigned asset and the generation fleet;
• Steering interaction with appropriate SMEs – 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 enhancing 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, commodity service agreements, and long-term service agreements.
• Independently coordinating and managing 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; including cost / benefit analysis and alternatives, if applicable.
• Making recommendations and leading efforts to resolve and manage issues or disputes with counterparties and partners; 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 managing and ensuring compliance with all related commercial agreements based on a strong working knowledge of relevant commercial environments, counterparties, and contracts that interface with the facility.
• Leading to completion ad-hoc special projects or initiatives with respect to 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 or Economics; Masters or working toward Masters is an asset.
• A professional designation is considered an asset.

Experience:

• 8+ years of experience in an operational, commercial, engineering, business development, or financial and analytical role(s); preferably in the deregulated electricity industry 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.

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 heavy 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 Work/remote Work
• Periodic travel to locations across North America will be required.
• Preferred location: Phoenix, AZ

This position is eligible for health care benefits, retirement benefits, paid time off, and annual bonus.

In order to be considered for this role you must be legally eligible to work in United States of America.

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.

To apply on this position please go to http://www.capitalpower.com/careers and search for JR806513

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Engineering, Management, and Analyst

• Industries

  Electric Power Generation

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