Director, Market Commercialization and Trading Structure

Basic Function

The Director of Market Commercialization and Trading Structure will play a key leadership role at SBE in building out our commercialization team by identifying key market trends, advising trading structures and strategies to optimize revenue, and cross-team collaboration. Individual is deeply curious and knowledgeable on energy markets, financial and hedge structures, risk mitigation, and solar and storage energy operations. Director has a deep background of wholesale, regulated, and deregulated markets.

Responsibilities: 

• Work with SBE leadership team to create SBE roadmap for current and projected SBE portfolio for energy trading and hedge instrument strategy, along with associated data tools and platforms.
• Develop and support SBE’s strategies to energy trading and hedge structure in collaboration with Trading Desk, Power Marketing, and Asset Management team to manage market exposure optimize SBE portfolio revenue. These strategies and methods will look at energy volume, shape, basis, REC guarantees, and ancillary positions at both the project and portfolio-level.
• In near-term, support the short-term optimization strategies to maximize revenues and smooth cash flow volatility of SBE existing operating portfolio. Coordinate with Asset Management and Trading in the implementation of these optimization strategies and Finance on cash considerations and forecast.
• Lead quantitative analysis in the creation of statistical models and algorithms that will drive and optimize trading strategy and commercial decisions. This entails optimization modeling that incorporates forecasted congestion, assessing congestion drivers with Asset Management, and assisting in locational marginal pricing (LMP) assessments.
• Work closely with our data technology team to build out internal platform and data tools that leverage market data and statistical modeling to better enable decision making.
• Enable agreements for counterparty transactions (e.g. EEI).
• Evaluate and implement energy trading and risk management (ETRM) system.
• Support Power Marketing team in the design and structuring of innovative approaches to aggregating renewable and demand response solutions for industrial customers.
• Provide leadership with regular Quarterly and Monthly summaries of market trends, signals, and proposed positions based on relevant market rules.
• Work closely with Power Marketing and Development team in monitoring evolution of US markets as we make key development decisions.
• Develop business process documentation on SBE energy market and trading philosophies and decision and operational processes.
• Support SBE in building its capabilities, market access, and tools to provide 24-7 clean energy products direct to consumers.
• Partner with the Strategy and Investments on longer-term value add initiatives.
• Collaborate with risk team to create appropriate corporate risk policies that enable commercial operations.

Qualifications/Requirements

• 10+ years of experience in Energy with some renewables experience.
• Experience in wholesale energy markets (trading platform, optimization) and renewables industry.
• Bachelor’s degree in related field. Advanced degree preferred.
• Experience and understanding of Energy Trading and Risk Management systems is a plus.
• Lead organizations in setting up optimization and trading platforms / protocols.
• Strong relationships in Wholesale markets and Offtake.
• Analytical skills for developing SBE propriety algorithms.

Location: San Francisco Bay Area; San Diego, CA; Denver, CO; Phoenix, AZ; Austin, TX; preferred but not required. Open to remote work.

The position requires up to 25% domestic travel.

Base Pay – $170,000 – $200,000

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, AD&D and Voluntary Legal ​Insurance Plan
• 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 & Commuter FSA with employer contributions
• Mental Health Wellness Offerings
• Discounted Physical Wellness 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.