Power Portfolio Manager

Power Portfolio Manager

Location: San Francisco, CA (or possibly New York )

Why Statkraft? 

Statkraft has been making clean energy possible for over a century. That’s what we offer. 125 years of unrivalled expertise in supplying the world with what it needs most. We envision a world that runs entirely on renewable energy. Because in the fight against climate change, we don’t see renewable energy as part of the solution – we believe it must be the solution. With us, you’ll shape a career that is truly forward-facing with many amazing opportunities and offerings to match. 

But there’s more work to be done – that’s why we need you to join us.

Responsibilities:

• Along with the team, build and maintain Statkraft’s power market portfolio derived from the PPA business (PJM-focus initially). Work closely with originators for new deal origination, structuring and pricing 
• Optimize the value of the U.S. portfolio through dynamic hedge management and position optimization in long-, mid-, and short-term markets. Execute screen and OTC transactions and propose trade ideas that enhance risk-adjusted returns—taking mandate-aligned risks where appropriate to generate incremental revenue.
• Develop both quantitative and fundamental views of relevant power markets along the entire curve, liaising closely with team members and analysis functions to share know-how and market views
• Proactively contributes to the development and growth of the business:
  • Identify new market opportunities, and potential value-adding fields
  • Assess and translate competition, industry trends, emerging customer challenges, and changes in the marketplace into market strategies and product offerings. Help to drive the implementation of the business strategy forward (expansion to new regions/products/markets, deployment of new systems/frameworks, etc)
• Work closely with existing US environmental products portfolio manager to identify all cross-commodity opportunities and risks, while being able to report and comprehensive view of the US portfolio
• Constantly improve modelling tools and optimization approach, actively shape the set-up of state-of-the art portfolio management infrastructure and procedures
• Interact with credit, operations, and trading teams as necessary to advance transactions
• Develop and maintain strong relationships with proprietary trading team, creating an atmosphere of collaboration and information sharing
• Take care of day-to-day administrative issues related to the portfolio
• Create systems and tools to help business scale

• Strong fundamental analysis, risk management, and market pricing experience
• Excellent quantitative and analytical skills
• IT & Coding Skills (Python)
• Working knowledge of the structure and policy of the PJM power market (and underlying states)
• Communication Skills
• Entrepreneurial
• Attention to Detail
• Personal Integrity
• Team Player

What we offer 

 A career with Statkraft is a career filled with purpose – meaning that every employee is not just making a living, they are making a real difference to the planet, our communities, and the future. Statkraft offers competitive terms of employment and a comprehensive benefits package that supports your well-being both at work and beyond. This includes healthcare coverage, wellness programs, and a 401(k)-retirement plan with company matching. We also provide a range of additional perks, such as generous paid time off, and professional development opportunities.