Specialist, Commercial Analytics - Structuring

Calpine
United States, Texas, Houston
Nov 08, 2024
Description Calpine Corporation is America's largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Its fleet of 77 power plants in operation represents over 27,000 megawatts of generation capacity. Through wholesale power operations and its retail businesses, Calpine serves customers in 22 states and Canada. Its clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner. The company was established on the premise that a strong commitment to the environment is inextricably linked to excellence in power generation and corporate responsibility. Since its founding in 1984, Calpine has led the power industry in its unwavering commitment to environmental stewardship. In addition, its renewable geothermal plants use steam generated deep below the earth's surface to produce clean, renewable electricity. Job Summary (includes but is not limited to the following; other duties may be assigned) Responsible for quantitative analysis to price and access the risk of structured energy transactions, physical assets, and potential strategic transactions. Identifies sources of value/risk and through financial modeling determines expected value and portfolio level risk implications. Communicates extensively with all levels of management regarding each component of opportunities to stakeholders. Identifies/improves upon any model shortcomings or simplifying assumptions and communicates limitations of analysis. Supports the continued development of modeling infrastructure and knowledge base of the overall Structuring team. Key Activities Transaction Pricing Model Development Performs Targeted Market Analysis Job Responsibilities Pricing of structured energy products (Options/Swaps, Plant Tolls, PPAs, Physical Assets, Strategic Transactions). Presents valuation results to the executive management team. Develops and improves models. Conducts targeted market analysis of key price drivers, supply/demand forecasts, and regulatory updates to assess their potential impact on risk and value, enabling informed decision-making for structured transactions and existing assets. Requirements Bachelor or advanced degree in Mathematics, Computational Science, Engineering, Finance, Economics, or Accounting. 5 - 10 years of energy industry experience, preferably in a commercial or quantitative capacity. Familiarity with one or more of the following: VBA, R, Python. Knowledge of U.S. wholesale natural gas and electric market fundamentals, including supply and demand, environmental legislation, and regional market structures. Demonstrated understanding of asset valuation methods (dispatch models, options, swaps, tolls, and PPAs). Valuation of commodity and derivative transactions as well as the impacts of various regulatory policies. Team player with a "whatever it takes" attitude who is used to diving into an issue, brainstorming solutions, and learning new methods and tools. Additional Calpine Information: 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 Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)