Manager, Long-Term Pricing and Structuring

TotalEnergies Group; Houston (TX); On-site; USD 180,000 - 260,000; Full time

Job summary

TotalEnergies Gas & Power North America, Inc. seeks a Manager, Long-Term Pricing & Structuring to shape pricing strategy for a diversified generation portfolio. You will develop valuation models, support investment decisions, and drive long-term analyses with senior stakeholders.

In this role, you will work with Trading, Asset Management, Finance, Investments, and Risk teams to deliver insights and ensure consistent assumptions and methodologies across projects.

Qualifications

• Master's degree in Economics, Finance, Engineering, Mathematics, Energy Markets, or related discipline.
• 10+ years of asset valuation, energy markets, risk management, portfolio management, or long-term strategy experience.
• Deep knowledge of U.S. and wholesale power markets, with pricing and regulatory insight.
• Strong analytical capabilities and experience building pricing, valuation, and optimization models.

Responsibilities

• Define, own, and optimize the hedging strategy for the Long-Term Portfolio.
• Structure and implement merchant exposure hedging with RECs and environmental products.
• Measure, monitor, and analyze merchant exposures with sensitivity analyses and stress tests.
• Support negotiation, structuring, and valuation of long-term power contracts.
• Develop long-term energy margin forecasts and market outlooks for planning and decisions.
• Collaborate with Trading, Asset Management, Finance, Investments, and Risk teams.

Skills

Analytical thinking

Communication skills

Modeling expertise

Education

Master's degree in Economics, Finance, Engineering, Mathematics, Energy Markets, or related discipline

Tools

Excel

Python

R

MATLAB

BID3

Plexos

PSO

Job description

Soci%C3%A9t%C3%A9 employeur TotalEnergies Gas & Power North America, Inc.

Domaine Strat%C3%A9gie, Business & Economie

Type de contrat CDD

Exp%C3%A9rie Minimum 10 ans

The United States is the world's second-largest power market, operating through seven Independent System Operators (ISOs), each with distinct market structures, pricing mechanisms, and regulatory frameworks. As one of the fastest-growing energy markets globally, the U.S. is expected to represent approximately 30% of TotalEnergies' Integrated Power business by 2030, making it a key pillar of the Company's growth strategy.

To support this ambition, TotalEnergies is expanding and optimizing a diversified portfolio of generation assets, including solar, wind, thermal generation, and Battery Energy Storage Systems (BESS), alongside a growing portfolio of long-term power contracts.

As Manager, Long-Term Pricing & Structuring, you will play a critical role in shaping the long-term commercial strategy and value creation of this portfolio. You will be responsible for developing and maintaining pricing and valuation models for assets and long-term contracts, supporting investment and monetization decisions, and assessing the value and risk of positions held within the Long-Term Portfolio.

In this high-impact role, you will work closely with senior management and key stakeholders to deliver long-term valuation analyses and insights. You will prepare and coordinate internal cross-functional committees, ensuring effective communication and reporting of activities, initiatives, and results. You will organize and drive the workstream with a long-term horizon of more than three years, while developing innovative solutions to address complex business challenges.

Key Responsibilities

• Define, own, and continuously optimize the hedging strategy for the Long-Term Portfolio, ensuring alignment with commercial objectives and risk management policies.
• Structure and implement merchant exposure hedging solutions in partnership with Asset Management teams, including Renewable Energy Certificates (RECs) and other environmental products.
• Measure, monitor, and analyze merchant exposures, providing sensitivity analyses, stress testing, and scenario assessments to support decision-making.
• Manage volumetric risks arising from weather variability, asset outages, production uncertainty, and evolving market conditions.
• Support the negotiation, structuring, and valuation of long-term power contracts with asset owners, counterparties, and customers.
• Develop and deliver long-term energy margin forecasts and market outlooks to support financial planning, M&A transactions, Final Investment Decisions (FIDs), and strategic portfolio reviews.
• Identify and recommend asset monetization strategies, revenue optimization opportunities, and portfolio restructuring initiatives to maximize value creation.
• Price long-term contracts and structured transactions to be managed within the Long-Term Portfolio.
• Develop, maintain, and enhance quantitative models related to asset valuation, energy margin forecasting, contract pricing, portfolio optimization, and risk analysis.
• Collaborate closely with Trading, Asset Management, Finance, Investments, and Risk teams to ensure consistency of assumptions, methodologies, and strategic objectives.

Accountabilities

As Manager, Long-Term Pricing & Structuring, you will be accountable for the valuation, optimization, and long-term commercial performance of assets and contracts entering the Long-Term Portfolio.

Qualifications & Experience

What You Bring

• Master's degree in Economics, Finance, Engineering, Mathematics, Energy Markets, or a related discipline.
• 10+ years of experience in asset valuation, energy markets, risk management, portfolio management, structured transactions, or long-term commercial strategy within the energy sector.
• Deep knowledge of U.S. and wholesale power markets, including pricing mechanisms, market fundamentals, regulatory frameworks, and long-term market dynamics.
• Strong understanding of power generation assets and revenue drivers, including combined cycle gas turbines (CCGT), renewable energy assets, energy storage, and merchant market exposures.
• Strong analytical and quantitative capabilities, with experience developing and applying complex pricing, valuation, and portfolio optimization models.
• Advanced statistical analysis and modeling skills, with proficiency in Excel and quantitative programming tools such as Python, R, MATLAB, BID3, Plexos, PSO, or similar platforms.
• Excellent communication and presentation skills, with the ability to translate complex analytical concepts into actionable insights for both technical and non-technical stakeholders

Preferred Qualifications

• Demonstrated expertise in economic analysis, asset valuation, and financial modeling for large-scale energy infrastructure projects.
• Proven ability to operate effectively within complex, highly matrixed, and cross-functional organizations.

TotalEnergies celebrates diversity and is committed to Equal Employment Opportunity:

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, age, protected veteran status, disability status or any other category protected under applicable federal, state or local law. We are also committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans in our job application procedures.

All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs.

TotalEnergies believes that diversity and inclusion among our teammates is critical to our success as a global company, and we seek to recruit, develop, and retain the most talented people from a diverse candidate pool.

About the company:

TotalEnergies is a multi-energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

TotalEnergies Gas and Power (TGP) is the trading arm of TotalEnergies in the field of low carbon energies (mainly gas, LNG and power). As such it operates in fast-evolving market dynamics influenced by internal and external factors that require constant adaptation and evolution. Uncertainties specific to the trading environment (volatility of prices, supply & demand mismatches) are coupled with those coming from the broader energy sector (climate change policies, changes in the energy mix, developments of new energy sources, etc). In such context TGP helps to ensure growth and profitability to a key segment of the business in order to reach the objective of Carbon Neutrality by 2050.

Our Culture:

We are committed to meet the energy needs of a growing population while fulfilling our ambition to be a major player in the energy transition. The volatility of the energy trading markets requires excellence in risk management and a culture of innovation.

Our people flourish in an environment that promotes expertise, entrepreneurship spirit, agility and a purpose-driven culture, generating boundless opportunities to learn, grow and achieve collaborative success while ensuring safety in all our operations.

We look for passion, ambition and open-mindedness. While we evolve in a demanding and ever-changing industry, we cultivate a friendly workplace where team spirit and respect guide our daily routine, and where the diversity of our people and their skills create a nourishing experience for all of us.