Senior Asset Trader

Posted:
8/4/2024, 5:00:00 PM

Location(s):
Illinois, United States

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Finance & Banking

ACCIONA Energía is the biggest 100% renewable energy company with no fossil legacy in the world. With more than 30 years of experience and operations in 20 countries on five continents, ACCIONA Energía offers a wide portfolio of tailored energy solutions so that its corporate and institutional clients can meet their decarbonisation goals. This includes the development, engineering, construction, operation and maintenance of renewable power plants -mainly wind and photovoltaic technologies-, energy sales and management and marketing, energy services, self-consumption, electric mobility and new technologies such as storage and green hydrogen. ACCIONA Energía is governed by the most demanding environmental, social and corporate governance (ESG) criteria.

Acciona Power Marketing is responsible for maximizing revenues from the operating and development fleet of generation assets while originating innovative structures to meet customer demand. Power Marketing is the commercial interface to the marketplace and is charge with mitigating portfolio risk while being opportunistic in the market to add value to the company.
The Senior Asset Trader will be involved in the lifecycle of project optimization from inception through to Real-Time including strategic bidding and dispatch, dynamic hedging, and management of all residual risks to the portfolio.

Job Description

Responsibilities:

  • Develop hedging and optimization strategies for the merchant fleet of renewable assets.
  • Partner with junior traders to create daily optimization plan, execution of bidding strategies and scheduling of power.
  • Execute through all channels of the market including bilateral, exchanges, and OTC brokers.
  • Assess portfolio exposures such as intermittency and basis risk to suggest operational / hedging strategies to mitigate market exposure.
  • Work with third party providers where needed to deploy optimization strategies for energy storage portfolio.
  • Perform analyses of grid operations, congestion, power flows, weather, generation and transmission outages, and other market fundamentals to form forward views.
  • Support new project pipeline and M&A goals assessing merchant and structured offtake opportunities to create the best risk adjusted return profile.
  • Participate in cross-department projects as needed to advance execution and operational capabilities of the Power Marketing function.
  • Serve as thought partner to bring innovate structured origination products to market which could include block clean energy offtake and co-location opportunities.

Required Skills and Competencies

  • Bachelor’s degree in a quantitative field such as Physics, Mathematics, Business or Engineering.
  • 7-10 years of industry experience with at least 2 years of direct experience in a similar role at an Independent Power Producer, Utility, or Energy Company with focus on both renewable and dispatchable assets.
  • Proven track record in optimization strategies for wind, solar, and/or energy storage facilities.
  • Experience with computer programming languages such as R and Python is a plus.
  • Self-starter and strong commercial instincts with exceptional communication skills.
  • Strong organization, analytical, project, and process management skills.
  • Have a valid driver’s license and satisfactory driving record.

As a company that values diversity as a source of talent, we work to foster an inclusive environment that promotes respect, belonging and engagement so that all people can participate on an equal opportunity basis. We invite everyone to apply regardless of origin, circumstances, background or condition.

Acciona

Website: https://acciona.com/

Headquarter Location: Alcobendas, Madrid, Spain

Employee Count: 10001+

Year Founded: 1997

IPO Status: Private

Last Funding Type: Secondary Market

Industries: Energy ⋅ Infrastructure ⋅ Renewable Energy ⋅ Service Industry ⋅ Water ⋅ Water Purification