Long Term Fundamentals Manager

Company Name
Avangrid Renewables
Location (City)
Boston
Job Category
Finance
Job Sector
Energy Efficiency
Job Type
Full Time

About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $39 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by Forbes and Just Capital as one of the 2021 JUST 100 companies - a list of America's best corporate citizens - and was ranked number one within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com
 

Purpose

Avangrid Renewables is seeking a motivated Manager, Long Term Fundamentals to join the Market Fundamentals group in Portland Oregon or Boston Massachusetts.  The Market Fundamentals group analyzes the energy markets across North America, maintains up-to-date market models, and develops comprehensive market views and forecasts (energy, basis, capacity, REC, ancillary services).  These views and forecasts are key drivers for investment decisions (onshore/offshore wind, solar, storage, etc.), hedging activities, and development of corporate strategies.

 

Job Duties/Responsibilities: 

Responsibilities

  • Lead the effort to analyze the energy landscape across North America including policies, market rules, power grid, and technology trend and their impact to renewable business
  • Generate comprehensive market views on renewable/storage demand, market conditions, competitiveness, growth drivers, revenue streams, risk factors, technology innovation, and strategic opportunities
  • Maintain up-to-date forecast models and perform market simulations/analyses to develop forecasts and sensitivities 
  • Lead the internal review and adoption of the forward price curves, develop justification for the committee’s approval, and support the application of the curves in different business cases
  • Prepare senior management briefing materials, communicate with internal stakeholders, and ensure that Avangrid has consistent and cohesive outlook in the long term 
  • Collaborate with investment office, origination, policy, and other internal teams to support various projects by performing revenue, basis, curtailment, negative price protection, PPA, risk, and policy impact analyses 
  • Manage data and service subscriptions, manage relationships with service providers to facilitate effective information exchange and Q&A sessions
  • Develop other staff on the team, collaborate with nodal team and global team

 

 

Qualifications: 

Skills and Requirements

  • Bachelor’s degree in Business, Engineering, Economics, Finance, or a related quantitative field 
  • 5+ years of experience in US power fundamentals, renewables markets, or other related areas
  • Experience with production cost and capacity expansion modelling software such as AURORA PROMOD, PLEXOS, Gridview, GE MAPS, etc.
  • Demonstrated understanding of one or more wholesale markets: CAISO, PJM, MISO, ERCOT, ISO-NE, NYISO, SPP, or bilateral markets
  • Knowledge of REC market and forecast
  • Excellent written and verbal communication skills to effectively communicate with both business and technical personnel at all organizational levels
  • Ability to synthesize a market view based on research and fundamentals
  • Self-motivated,  strong analytical and problem-solving skills
  • Strong team skills to collaborate with team members with diverse background in a fast-paced industry
     

Competencies

  • Develop Self & Others
  • Empower to grow
  • Collaborate and Share
  • Be a role model
  • Focus to achieve results
  • Be agile
  • Technical Skills

 

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