Senior Portfolio Manager - SB Energy
Redwood City, CA
About the Job
Do you want to work with high caliber professionals in a dynamic and growing company? Are you entrepreneurial, hard-working, and collegial? Are you committed to advancing the clean energy revolution? Join us at SB Energy, a leading company backed by SoftBank and Ares pairing cutting-edge innovation with best-in-class execution. Our Mission is to provide flexible renewable energy at scale, accelerating the global energy transition and benefiting our planet, customers, communities, and people.
SB Energy develops, constructs, and owns & operates some of the largest and most technically advanced renewable projects across the United States, with headquarters in Redwood City, CA. The company was launched in 2019 and has quickly become one of the largest solar and storage developer/IPPs in the U.S. With almost 3 gigawatts (GW) of renewable energy projects in operation or under construction and a multi-GW pipeline, SB Energy is building the renewable energy future – today. SB Energy also utilizes its strong culture of innovation to identify and incorporate new technology into our projects, including our AI-based digital platform, to deliver renewable energy that is local, reliable, and matched to load.
Come join us in accelerating the energy transition to cleaner, more sustainable sources of power!
Title: Senior Portfolio Manager
Basic Function
The Senior Portfolio Manager will support the Asset Management group by leading DART and congestion product trading. The successful candidate will be an integral part of a team responsible for optimizing the profitability of a growing portfolio of operating assets. This position will coordinate with a variety of internal and external counterparties including Risk, Transmission Analytics, Data Science, Power Marketing, Finance, Operations, and Capital Markets.
Responsibilities
- Coordinates with Risk and Power Markets team to execute short-term trading strategies.
- Coordinates with internal and external stakeholders on DART/PTP/CRR optimization tweaks and controls oversight.
- Enters deals into ETRM.
- Operate within pre-approved portfolio, asset and product risk limits, working under the 'comply or explain' principle.
- Monitors any hedge and coordinates with Portfolio Manager, Power Committee, and Risk Committee on any correction needed.
- Coordinates with settlements if necessary on any discrepancies.
- Reports on trading activities.
- Analyzes data and reports on trends, insights and strategies.
- Runs scenario analysis in cQuant to determine optimum strategies given risk and return profiles.
- Works closely with Transmission Analytics and Data Science teams to refine power flow models and congestion analysis to provide insight into revenue optimization.
- Assists in determining reasons for LMP, basis or curtailment expectations different than the model.
Qualifications/Requirements
- Bachelor's degree in quantitative discipline (e.g., finance, statistics, economics, math or related field).
- 8+ years' experience managing generator offer strategies and trading power derivatives.
- Strong Excel skills.
- Experience with cQuant a plus.
- Energy commodity trading support, congestion experience, and commercial decision-making experience.
- Ability to drive time-sensitive deadlines with project management skills for cross-organizational coordination.
- Experience working in ERCOT, CAISO, PJM, MISO, ISONE, NYISO, or SPP power markets a plus.
Location: Houston, Dallas, Austin, San Francisco Bay Area, Denver, Phoenix, San Diego preferred. Remote option available.
The position may require up to 10% domestic travel.
Base Pay- $150,000-$170,000
Actual compensation packages are based on several factors that are unique to each candidate, such as skill set, experience, certifications, specific work location, and other non-discriminatory factors permitted by law. Base pay may vary per location due to differences in the cost of living.
The total compensation package for this position may also include an annual discretionary bonus, full Health & Wellness Benefits package, generous Long Term Incentive plan designed with our partnership mentality in mind, and other applicable incentive perks as outlined in any formal offer made. The final compensation package will be discussed with the candidate during the final stages of the hiring process.
Our Health & Wellness Benefits
SB Energy's Benefits programs are designed to support our team members and their families while keeping their well-being, happiness, and varying needs in mind. SB Energy employees may enroll in our benefits programs and take advantage of customized perks and offerings, including those designed to support families, however defined. We offer the following benefits to all team members:
- Comprehensive Medical, Dental, and Vision insurance: 100% premium covered by the company, for employees and dependents
- Long-Term Disability (LTD), Life Insurance, and AD&D Plans
- Competitive Retirement Benefits with 401(k) company match
- Generous Paid Time Off and 11 Paid Company Holidays
- Flexible working arrangements
- 12 weeks fully paid Parental Leave
- Flexible Spending Account (FSA) – Medical & Dependent FSA; Transit & Parking FSA with employer contributions
- Mental, Physical, Social Health Wellness Offerings with employer contributions
- Voluntary Legal Insurance Plan & Pet Insurance
- Monthly reimbursement for Phone/Internet/Data
- Phone Equipment Purchase Benefits
- Thoughtful Hybrid Workplace Set-up Benefits
Promote Sustainability with a Purpose - At SB Energy, you may choose to become a part of our 'Just Renewables' Committee and work along with team members who share a belief in pursuing our mission in such a way that empowers a diverse and inclusive workforce that advances social justice and equity for our employees as well as partners and communities!
SB Energy is committed to increasing the diversity of its workforce and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, gender, national origin, age, disability, veteran status, marital status, pregnancy, sex, gender expression or identity, sexual orientation, citizenship, or any other legally protected class. SB Energy strives to create an inclusive culture and safe environment for all.
To learn more about us, visit www.sbenergy.com.