Senior Commercial Associate/Executive at SABANCI RENEWABLES INC | Austin, TX, US | Rezi

Senior Commercial Associate/Executive at SABANCI RENEWABLES INC

Senior Commercial Associate/Executive

SABANCI RENEWABLES INC · Austin, TX, US

1 weeks ago

Senior Commercial Associate/Executive

SABANCI RENEWABLES INC · Austin, TX, US

9 days ago
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About the Role

This role will own hedging and market execution for Sabancı Renewables' operating fleet and support PPA origination and structuring for new opportunities. You will form a market view, translate it into a hedging and trading strategy, submit it into ISO markets, and be accountable for the result. You will work directly with the Head of Commercial & Finance in a lean team with visibility to senior leadership.

Responsibilities

  • Own the quantification and active management of nodal-to-hub basis, congestion and curtailment exposure across the ERCOT fleet.
  • Design hedging strategies using swaps, basis swaps, congestion rights (CRR / PTP obligations and options), revenue puts and shaped structures, sized to portfolio risk appetite and lender requirements.
  • Prepare and enter submissions into ISO platforms — day-ahead and real-time offers, ancillary service offers, and CRR auction bids.
  • Develop DART strategy and post-auction attribution of realized versus expected value.
  • Direct and challenge the QSE: set the strategy it executes and hold it accountable for performance.
  • Analyze transmission constraints, congestion drivers, price forecasts and ISO market design changes, and translate them into forward positioning.
  • Own settlement validation and dispute resolution with the ISO, QSE and counterparties.
  • Support PPA and VPPA origination and negotiation — pricing, basis and shape analysis, settlement mechanics, and commercial terms alongside legal counsel.
  • Build the analytical tooling and apply AI/ML to price and congestion forecasting, offer optimization, settlement anomaly detection and reporting automation.
  • Report commercial performance and market conditions to management and shareholders.

Requirements

  • Master's degree in engineering, economics, finance, mathematics or management (Bachelor's degree plus equivalent experience considered).
  • 5+ years in U.S. power markets at a developer, IPP, utility, offtaker, trading desk, QSE or advisory firm.
  • Demonstrated hands-on ERCOT experience, including nodal pricing, congestion and basis risk on renewable assets.
  • Working knowledge of DAM/RTM, DART, CRR / PTP products, ancillary services and financial hedging products.
  • Experience executing — entering offers, bids or auction submissions into an ISO platform.
  • Advanced Excel and modeling, plus Python and SQL.
  • Practical experience applying AI or machine learning to forecasting, optimization or workflow automation.
  • Ability to present a clear commercial recommendation to senior decision-makers.
  • Authorization to work in the United States.
  • Working knowledge of MISO and/or PJM — FTRs, ARRs, and capacity constructs (RPM, PRA).
  • Experience with wind and solar shape and volumetric risk, negative pricing, P50/P99 and hub-settled VPPAs.
  • Direct participation in PPA negotiation and contract structuring.
  • Familiarity with BESS and hybrid asset optimization.
  • Experience with market data and modeling platforms (Yes Energy, Enverus, Aurora, PLEXOS or equivalent) and ETRM systems.
  • Understanding of ISDA / EEI master agreements, credit and collateral mechanics.
  • Commercial support to project finance or M&A transactions.

Skills

  • Excel
  • Modeling
  • Python
  • SQL
  • AI/ML
  • Hedging
  • Market Execution
  • PPA Origination
  • PPA Structuring
  • Nodal Pricing
  • Congestion Risk
  • Basis Risk
  • DAM/RTM
  • DART
  • CRR/PTP Products
  • Ancillary Services
  • Financial Hedging Products
  • Forecasting
  • Optimization
  • Workflow Automation
  • FTRs
  • ARRs
  • Capacity Constructs
  • Wind Shape Risk
  • Solar Shape Risk
  • Volumetric Risk
  • Negative Pricing
  • P50/P99
  • Hub-Settled VPPAs
  • BESS Optimization
  • Hybrid Asset Optimization
  • Market Data Platforms
  • ETRM Systems
  • ISDA Master Agreements
  • EEI Master Agreements
  • Credit Mechanics
  • Collateral Mechanics
  • Project Finance Support
  • M&A Support

Location

  • ERCOT

Work Type

  • Full-time

Experience Level

  • Senior
  • 5+ years

Education Level

  • Master's degree
  • Bachelor's degree

About the Company

  • Sabancı Renewables operates a growing portfolio of utility-scale renewable generation in ERCOT.