Manager, Trading & Asset Optimization

Aypapower; Austin (TX); Hybrid; USD 90,000 - 120,000; Full time

Benefits offered by this job

Unlimited vacation

401k matching

Health care/dental/vision benefits

Job summary

Aypa Power, a leader in energy storage, is looking for a Manager, Trading and Asset Optimization in Austin, Texas. This role is pivotal in managing and optimizing our storage portfolio to enhance market efficiencies.

Ideal candidates will have a B.S. in a relevant field and at least 5 years of experience in asset management or market analysis. Aypa offers a hybrid work environment, competitive salary, and a robust benefits package.

Qualifications

• 5+ years experience in front office asset management, market analysis, or energy derivatives trading.
• Prior exposure to battery storage facilities and operations.
• Thorough knowledge and understanding of the ERCOT market.

Responsibilities

• Research, identify and execute opportunities in power markets.
• Develop daily reports and optimize storage assets.
• Enhance market intelligence for bidding strategy.

Skills

Market analysis

Asset management

Communication skills

Analytical mindset

Education

B.S. in Finance, Economics, Computer Science, Engineering, or related field

MBA

Job description

Aypa Power, a Blackstone portfolio company, is a leading developer, owner, and operator of utility-scale energy storage and hybrid renewable projects that power our communities and cities. Our mission is to responsibly decarbonize the grid and make North American energy markets more affordable, sustainable, and efficient. Aypa is well-capitalized and uniquely positioned to lean forward on projects with well-suited deal structures to meet our customers’ needs. We have been at the forefront of energy storage development since our first energy storage project came online in 2018. As a leader in our industry, we have over 22 GW of utility-scale energy storage and hybrid renewable energy projects in development and 33 projects in operation or construction across North America.

Aypa is seeking an Austin, Texas-based Manager, Trading and Asset Optimization tojoin itsAsset ManagementTeam and support our work managing astorage portfolio. Aypais a growth organization with anestablished portfolio in a fast-paced industry.

Responsibilities

• Research, identify and execute on opportunities to create market efficiencies and capture positive spreads, where allowed, within physical and financial power markets;
• Develop and update daily reports and model results in relation to optimizing storage assets;
• Enhance market intelligence for bidding strategy of battery storage facilities. Includes analysis of supply and demand variables, weather patterns, and market practices;
• Provide analysis and tools around managing market congestion relative to asset locations;
• Interact with operations team, scheduling entities and QSE/SC service provider on implementing strategy and managing BESS systems;
• Generate bid/offer curves for storage assets;
• Create unique strategies that incorporate current hedging capabilities and support analysis of future tolling structures;
• Monitor BESS performance and develop daily analysis of operational capacity and unit outages in coordination with the Operations team;
• Provide analysis and bespoke solutions to operational hurdles impacting asset management;
• Continually improve current processes and analysis in relation to operational storage assets;
• Collaboration with support functions and team members;
• Clearly and effectively communicate complex topics to a diverse audience;
• Other duties as required.

Key Qualifications

• B.S. in Finance,Economics, Computer Science,Engineeringor a related fieldrequired;
• MBA a plus;
• Prior exposure to battery storage facilities and operations;
• 5+ years experience in front office asset management, market analysis or energy derivatives trading;
• Ethical decision making capability exemplified;
• Excellent written and verbal communication skills;
• Ability to work in a fast-paced, multi-tasked environment;
• Detail-oriented, analytical mindset, and aptitude to independently research and implement new concepts and skills;
• Thorough knowledge and understanding of the ERCOT market with CAISO experience a plus;
• Ability and willingness to participate in weekend and off-hour on call rotation type work;
• Self-motivated with the ability to work with little supervision.

Compensation and Location

• Salary: A base salary commensurate with experience;
• Bonus: An annual bonus will be awarded based on individual performance and the business's overall success;
• Benefits: Aypaoffers an attractive benefits package with excellent health care/dental/vision, 401k matching, unlimited vacation, and other health/wellness benefits;
• Location: Hybrid (USA). Austin, TX area preferred. The ability to work in the United States is a requirement.

At Aypa, we nurture and support a highly diverse team and actively seek to advance fair and inclusive practices in all aspects of what we do. We hire passionate, dedicated, and forward-thinking individuals from different backgrounds and value unique perspectives and experiences. With a focus on belonging, we are committed to providing an inclusive environment for all.