Wholesale Originator

Welcome to the intersection of energy and home services. At NRG, we’re all about propelling the next generation of leaders forward. We are driven by our passion to create a smarter, cleaner and more connected future. We deliver innovative solutions that make our customers’ lives easier—helping them power, protect, and intelligently manage their homes and businesses. To do this, we need creative and talented people to join our company.

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The CAISO Wholesale Originator position within the NRG Business team will be responsible for originating, structuring, and negotiating electric commodity transactions with a focus on the CAISO/WECC wholesale power market. This individual will work closely with the NRG West Trading Desk and the NRG Business Sales Teams to help facilitate deal flow and manage internal and external issues related to pricing and closing transactions. This individual will be expected to act as a subject matter expert, well-versed in CAISO/WECC market fundamentals and capable of explaining key market dynamics to a variety of audiences.  This individual will build and establish relationships with customers (i.e. utilities, banks, trading counterparties, asset developers, power generators, CCA’s) with the intent to grow customer flow business as well as execute structured transactions. The ideal candidate should have a strong working knowledge of the CAISO/WECC physical power market to structure transactions and generate value for NRG.  This role will require a highly motivated and transactional individual as performance will be measured on executed transactions.

Essential Duties/Responsibilities

• Originate, structure and negotiate power transactions in CAISO/WECC that support Commercial Operations and the C&I Sales Team.
• Work with internal groups (including Sales, Legal, Risk, Costing, Structuring, Trading, and others) to manage all issues surrounding retail deals and help facilitate and close transactions.
• Understand and be willing to explain market fundamentals and dynamics to audiences with varying levels of energy related knowledge
• Lead sponsor in “selling” the strategic rationale and deal economics for structured transactions (i.e. coordination with West Trading Desk, Structuring Team, Legal, and Credit in developing deal summary for management review).
• Co-develop and support long term growth strategy for the NRG portfolio in coordination with Business, Commercial Operations, and other key groups across the organization.  

Minimum Requirements

• Minimum of 5 years of power marketing or power trading experience is required
• Bachelor’s degree from an accredited college or university is required
• Advanced knowledge of the electric utility industry, electric energy markets, and market fundamentals, (especially in CAISO/WECC) is required
• Advanced knowledge of customers and customer segments (Utilities, IPPs, developers) is required
• Advanced knowledge of options, basis risk, hedging, losses, congestion, demand management, and other power marketing concepts is required.
• Strong commercial skills and proven “hunter” that identifies and closes large wholesale power transactions. 

Working Conditions

• Evening and weekend work, while not the norm, may be required as business needs dictate
• Up to 25% travel requirement to establish and maintain customer business

Additional Knowledge, Skills and Abilities

• Ability to work with customers and people at all levels of the organization
• Strong team player with ability to take initiative and work independently
• Flexibility and ability to manage multiple tasks and deadlines
• Effective verbal and written communication skills
• Ability to multi-task, prioritize and adhere to deadlines while maintaining attention to detail
• Must be a creative thinker with strong investigative and analytical skills

The salary range for this role is  $169,840-$305,760. Pay is based on several factors, including but not limited to education, work experience, certifications, etc.

NRG Energy is committed to a drug and alcohol-free workplace. To the extent permitted by law and any applicable collective bargaining agreement, employees are subject to periodic random drug testing, and post-accident and reasonable suspicion drug and alcohol testing. EOE AA M/F/Protected Veteran Status/Disability. Level, Title and/or Salary may be adjusted based on the applicant's experience or skills.

EEO is the Law Poster (The poster can be found at http://www.eeoc.gov/employers/upload/poster_screen_reader_optimized.pdf)

Official description on file with Talent.