Commercial Originator

Work Place Flexibility: Hybrid

Legal Entity: Entergy Services, LLC

This is a hybrid position in The Woodlands, TX. Sponsorship and relocation assistance is not provided.

The official job title will be Commercial Originator, Commercial Originator, Sr or Comm Originator, Sr Advisor depending on the selected candidate's level of qualification

Job Summary/Purpose

The primary responsibilities of this position is to diligence, negotiate, implement and then manage power purchase agreements, acquisitions, co-owner arrangements and other capacity and energy related products. The position is responsible for ensuring contracts are appropriately developed and managed to ensure the full recovery and realization of benefits to all Entergy Stakeholders. The position provides commercial leadership in coordination with senior management, compliance, regulatory staff, various subject matter experts, and other stakeholders. In addition, the position manages cross-functional subject matter experts in the support of diligence and interactions with MISO. The position also maintains market contacts and relationships internally and externally to ensure current energy product and market knowledge and effectively implement corresponding strategic supply initiatives.

Job Duties/Responsibilities

- Provide strategic commercial guidance to senior management with respect to the market for capacity and energy products including conventional generation and renewable products.

- Serve as lead negotiator with counterparties for power agreements of one year or longer.

- The power agreements can include the following: power plant acquisitions, physical and financial power purchase agreements including storage, technical scope documents, unsolicited offers, amendments, renewals, and other energy agreements.

- As lead negotiator, serve as the diligence team manager, negotiation strategy developer, process and contract execution administrator.

- Serve as the primary liaison between the counterparties and internal Entergy business units. In the liaison role, lead and work with internal teams to manage accounting issues, price structures, contract terms, delivery constraints, regulatory requirements and any and all other risks.

- Lead and support the necessary analysis and risk assessment to develop solution-based options for complex contractual obligations which often requires cross-functional input.

- Develop, recommend and implement strategy and process improvements that support the company vision and resource procurement strategy.

- Support all internal approval requirements, including extensive document and presentation development activities for executive management including the Entergy Board of Directors.

- Provide support for Entergy's regulatory and legal proceedings, including the drafting and providing input for formal requests for information and testimony.

- Serve as the Entergy management representative in strategic co-owned units.

- Develop and maintain internal and external customer relationships in support of this function which includes management meetings, budget controls, operational performance reviews, and other contractual obligations which vary by contract.

- Support large-scale conventional generation and renewable capacity and energy solicitations.

- Manage the development of detailed diligence questionnaires, term sheets and/or model contracts to serve as the basis of proposed projects.

- Lead comprehensive team of subject matter experts to develop evaluation criteria and manage the viability assessment of proposed projects.

- Actively manage ongoing contract obligations to ensure compliance with contractual terms and conditions, including the development and adherence to milestones, testing requirements compliance, capacity payment confirmations, NERC standards, notice requirements among other contractual and statutory obligations.

- Monitor MISO operations of existing long-term power agreements in order to mitigate commercial risk and assure full recovery and benefits to Entergy stakeholders.

- Participate in relevant industry meetings, as needed, to provide strategic feedback concerning commercial issues and maintain market knowledge.

- Responsibilities and complexity of contractual assignments commensurate with position held.

Minimum Requirements

Minimum Education required of the position:

- Bachelor's degree or in lieu of degree, 8+ years of related energy work experience.

Minimum experience required of the position:

- Commercial Originator:at least 4 years of relevant utility work experience

- Commercial Originator Sr: at least 6 years of relevant utility work experience.

- Commercial Ordinator Sr Advisor: at least 8 years of relevant utility work experience

Preferred experience:

- The above experience to be in the utility industry with energy origination activities

- Experience managing power contracts in a regulated utility environment

- Experience participating in regulatory proceedings or filings

- Experience managing large project implementations

- Experience with commercial transaction negotiations; experience in stakeholder management/leading cross functional project teams and high-level communications.

- Working knowledge of key contractual risk terms in power purchase agreements and asset purchase agreements

- Advanced Degree

Minimum knowledge, skills, and abilities required of the position

- Knowledge of ISO/RTOs, with a preference for MISO

- Strong knowledge and experience in Microsoft Suite (PowerPoint and Excel)

- Ability to work cross functionally and manage a variety of complex issues.

- Negotiation experience and/or experience presenting complex issues to senior management

- Technical expertise preferred, including high-level understanding of plant and transmission operations; long and short-term planning strategies in a regulated utility environment.

- Ability to research and learn industry and market knowledge necessary to support the origination group and grow in the position

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Primary Location: Texas-The Woodlands Texas : The Woodlands

Job Function: Professional FLSA Status: Professional Relocation Option: No Relocation Offered Union description/code: NON BARGAINING UNIT Number of Openings: 1 Req ID: 120177 Travel Percentage:Up to 25%

An Equal Opportunity Employer, Minority/Female/Disability/Vets. Please click here to view the EEO page, or see statements below.

EEO Statement: The Entergy System of Companies provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, gender, sexual orientation, gender identity or expression, national origin, age, disability, genetic information, marital status, amnesty, or status as a protected veteran in accordance with applicable federal, state and local laws. The Entergy System of Companies complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment including, but not limited to, recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

The Entergy System of Companies expressly prohibits any form of unlawful employee harassment based on race, color, religion, sex, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, or veteran status. Improper interference with the ability of the Entergy System of Company employees to perform their expected job duties is absolutely not tolerated.

Accessibility: Entergy provides reasonable accommodations for online applicants. Requests for a reasonable accommodation may be made orally or in writing by an applicant, employee, or third party on his or her behalf. If you are an individual with a disability and you are in need of an accommodation for the recruiting process please click here and provide your name, contact number, the accommodation requested and the requisition number that you are requesting the accommodation for. Employee Services will contact you regarding your request.

Additional Responsibilities: As a provider of essential services, Entergy expects its employees to be available to work additional hours, to work in alternate locations, and/or to perform additional duties in connection with storms, outages, emergencies, or other situations as deemed necessary by the company. Exempt employees may not be paid overtime associated with such duties.

Know Your Rights: Workplace Discrimination is Illegal

The non-confidential portions of the affirmative action program for individuals with disabilities and protected veterans shall be available for inspection upon request by any employee or applicant for employment. Please contact HRCompliance@entergy.com to schedule a time to review the affirmative action plan during regular office hours.

WORKING CONDITIONS:

As a provider of essential services, Entergy expects its employees to be available to work additional hours, to work in alternate locations, and/or to perform additional duties in connection with storms, outages, emergencies, or other situations as deemed necessary by the company. Exempt employees may not be paid overtime associated with such duties.

Please note: Authorization to work in the United States is a precondition to employment in this position. Entergy will not sponsor candidates for work visas for this position.