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ASPIRE TO POWER YOUR FUTURE

At Calpine, we give you the tools you need to chart your own career path in an engaging, fast-paced environment where you can learn from power industry leaders.

Whether you are a student seeking an internship that offers real-world experience, a recent graduate ready to build a rewarding career or a seasoned professional who wants to expand your horizons, Calpine provides meaningful opportunities and challenges.

Our learning and development platforms and educational reimbursement programs enable employees with initiative to explore their own potential in a dynamic and rewarding industry.


Requisition Number 17-0256
Title Regional Director/Portfolio Manager
City San Diego
State CA
Job Family Retail 2
Shift Days
Employee Type Regular
Subject to DOT Regulations No
Percent of Travel Required 25
Relocation Provided No
Location Solutions - CA
Description The Regional Director/Portfolio Manager is primarily responsible for effectively managing the regional portfolio P/L (i.e., costs and revenues) with a focus on optimizing wholesale and retail procurement strategies as well as maintaining and developing sourcing relationships and competitive price curves accordingly. The Regional Director/Portfolio Manager will also manage the portfolio in accordance with the risk parameters/guidelines set forth by the organization.
This position will interface with Senior Management on a broad range of key issues related to retail commodity transactions, sales, reporting, regulatory changes, etc. He or she will possess a high degree of technical expertise in the electric commodity business sector, with emphasis on the commercial and industrial segments.

Position Requirements: All duties and responsibilities included below plus a detailed knowledge of the requirements set forth in the Commodity Product & Market Specialist and a working knowledge of the Operations Manager/Lead job description(s).

1. Portfolio & Position Management
a. Responsible for oversight of the optimization of Calpine’s forward and cash wholesale supply portfolio.
b. Manage regional wholesale positions according to Risk Policy. To the extent position exceptions/approvals are required; proactively communicate strategy/rationale to Senior Management to support exception accordingly.
c. Responsible for timely and accurate completion of wholesale/retail deal tickets and trade approval in Retail Workflow.
d. Establish and maintain effective contacts and business relationships to successfully execute wholesale procurement activity. Execution platforms should include a blend of direct, broker and exchange mechanisms.
e. Actively track and reconcile price curves against settlement data to validate price curves and capture/identify new revised changes to existing curve assumptions.
f. Prepare for, and actively participate in annual ARR discussions/bidding strategies with FTR Portfolio Manager, Operations and Analytics Group.
g. Perform Monthly review ILOD/TLOD price curves with Settlements, and validate/update the pricing curves to be consistent with settlement information.
h. Responsible for management, investigation, reconciliation and resolution of issues related to ETA, PPA, and Accrual.
i. Collaborate with the Commodity Structuring Director to support product training, system configuration, roll-out as well as development of marketing material to support Sales efforts.
j. Work with FTR Portfolio Manager and ESCO Lead to identify specific areas to support the business.
k. Clearly articulate concise Retail P/L and Wholesale MTM impacts for Daily DPR.

2. Price Curves and Pricing/Product
a. Actively manage/update competitive regional price curves for each Calpine price/product component(s).
b. Responsible for maintaining and developing competitive price curves, and procurement strategies to enhance Calpine price competitiveness.
c. Articulate meaningful price and market change updates daily to Structuring and Sales teams.
d. Work with Risk/Analytics Groups to build, revise and/or incorporate “new” regional price curves accordingly.
e. Work with Commodity Structuring Director and Sales Leadership to develop new or enhance existing regional product suite, strategies and deliver key benefits to Sales (i.e., articulate Sales Benefits for New Products).
f. Collaborate with Commodity Structuring Director to validate price curves for large and/or complex retail transactions and PowerFolio customers.
g. Collaborate with the Commodity Structuring Director to support product training, system configuration, roll-out as well as development of marketing material to support Sales efforts.

3. Operational / Regional Leadership
a. Mentor, develop and provide daily leadership for regional Operations team.
b. Work with and direct Operations Lead on optimization/management of daily options strategies.
c. Lead review of optimization strategy(s) results to determine effectiveness and to propose new and modified strategies.
d. Work with Operations Lead to lead development/re-development of Operation’s regional report suite.
e. Independently coordinate internal meetings with stakeholders to define revisions to new/existing processes related to pricing and operations related issues.
f. Validate Accounting accrual and PPA’s including meeting with Risk, Operations and Accounting to understand and approve volumetric reconciliation and accruals.
g. Prepare for, and participate in Weekly and Daily Sales/Structuring calls and provide meaningful market information for “Weekly Report” which is distributed internally/externally.
h. Provide updates to Structuring to support Weekly Retail Report Framework.
i. Attend key customer sales calls to effectuate the closure of electric commodity transactions with emphasis on retention of existing customers and “deal wins” for new customers in a highly competitive marketplace.

4. Regulatory, ISO; and Market Knowledge
a. Actively monitor third-party regulatory emails, ISO websites and industry contacts to proactively identify proposed changes to regulatory policy which may impact Calpine price curves.
b. Direct regional regulatory staff on key issues (e.g., tariff revisions, calculation methodology changes) where Calpine should allocate resources at State or ISO levels and/or closely monitor
c. Provide priority and direction to to regulatory staff to drive Regulatory Policy and maintain an expert understanding of regional regulatory framework at State and ISO level to determine how these variables will impact retail product pricing and contractual risk to Calpine.
d. Incorporate regulatory knowledge/opinions into price curves accordingly.
Requirements • Excellent leadership and communications skills, independent thinker with commercial savvy.
• Must have excellent market knowledge of pricing/trading/settlements methodology for regional markets
• Must demonstrate strong quantitative, analytical and problem solving skills with an emphasis on attention to detail and approachability throughout the organization.
• Robust Knowledge of financial and physical energy trading markets, particularly electricity markets is required. Experience in (Ercot, PJM, ISO-NE, NYISO, CAISO and Western Physical Markets) is required.
• Demonstrated understanding of derivatives and advanced trading strategies and products in the electric and gas commodity business segment.
• Seasoned veteran and knowledge holder of key regional market drivers from electric and natural gas fundamentals.
• Demonstrated experience closing transactions on a deal team in Electric and Natural Gas commodities.
• Ability to manage multiple highly complex deal assignments and meet deadlines on a timely basis with a high degree of accuracy.
• Possess strong commercial aptitude and possess a well-developed contract interpretation and advanced spreadsheet design skills in order to assess deal structure risks and opportunities inherent in contracts in order to support contract restructuring, extensions, and support the negotiation of the costs/benefits of such said contract.
• Excellent computer skills with an emphasis on CQG, Excel, Word and other trading related platforms.
• Math, Business, Finance, Engineering degree required; MBA or other advanced technical degree required.
• 5-8 years of structuring large integrated electric commodity transactions.
  • Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities.
  • Calpine is committed to Equal Employment Opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. If you are interested in applying for employment and need special assistance or an accommodation to use our website or to apply for a position, please send an e-mail with your request to hrrecruitment@calpine.com. Determination on requests for reasonable accommodation are made on case-by-case basis.
  • Please view Equal Employment Opportunity Posters provided by OFCCP here.
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