Associate Director, Origination - Large Corporate Off-take

Job Description:

Overview:

Deriva Energy is a leading Independent Power Producer in the US renewables market, with over 6GW's of operating or under construction wind, solar and storage projects across the country. Formerly a division of Duke Energy, Deriva Energy is now backed by Brookfield and is poised for dynamic growth across its wind, solar, and storage portfolios. Deriva Energy empowers customers with innovative clean energy solutions that strengthen communities and serve future generations.

Joining our Origination team at Deriva Energy as an Associate Director of Origination is an exciting, dynamic, and diverse job that will have significant impact starting day 1. You will take control of current origination functions connected to Renewable Energy Framework Agreements (REFA)'s for large scale commercial customers including Microsoft (MSFT). We expect you to learn, grow, and find ways to positively impact the organization. We are looking for team players that bring experiences that will broaden our perspective and find creative ways to identify and develop new opportunities.

As an Associate Director in Origination, you will work with the internal Origination team and various subject matter experts (SMEs) across Deriva Energy and Brookfield Renewable US (BRUS). Working cross-functionally with our talented developers, engineers, underwriters, environmental scientists, contract managers, marketing professionals, operators and legal team is what makes Deriva Energy a great place to work and succeed. Employees at Deriva Energy are passionate, engaged and empowered to share in the company's success through purposeful work.

You will find the Origination team to be a hard-working but very supportive environment, where you can learn from professionals with decades of energy and development experience across multiple technologies and disciplines.

Job Summary:

Reporting to the Director of Origination, the successful candidate will be primarily responsible for leading the commercial power origination efforts for MSFT across multiple renewable technologies. The position plays a key role in building and maintaining relationships in power markets across the US. The candidate will lead the efforts to meet the MSFT commitments by working with the BRUS team on a daily basis. This role will have a unique opportunity to develop and execute offtake strategies across multiple renewable technologies and geographies and with this position we are seeking a driven and creative leader to help build an industry-leading Origination function. As a leader in the organization, the candidate will help lead our commitment to delivering value to Deriva Energy, BRUS, and MSFT.

Responsibilities:

• Delivering revenue and margin goals for off-take agreements with large corporate buys, initially MSFT.

• Manage the daily requirements and communications with BRUS pertaining to MSFT

• Create and present MSFT projects to internal executive team in preparation for the Deriva Energy Board of Directors.

• Negotiation of power contracts with counterparties in collaboration with stakeholders from functions across the organization (Business Development, Finance, Operations)

• Develop and execute creative deal structures across a range of product offerings and RTO's.

• Drive power marketing "ideas" to definitive deliverables and timetables for execution

• Provide deal structure recommendations to minimize collateral requirements and support negotiation of financing arrangements in the MSFT REFA.

Basic/Required Qualifications:

• Bachelor's degree AND six (6) years or more of related work experience

• In lieu of bachelor's degree, high school diploma/GED AND 11 years or more years of related work experience

Desired Qualifications:

• MBA or other Master's Degree is a plus.

• 5+ years of power experience with 2+ years in middle marketing or origination work in the power sector;

• Act as a collaborative, collegial and engaged team member

• Renewables-specific experience is strongly preferred.

• Possess a passion for delivering innovative solutions to the challenge of moving the world to a clean energy future;

• Demonstrate an understanding of contractual concepts including basis risk, power markets, hedging, losses, and congestion

• Ability to build strong customer relationships across organization levels

• Capable leader who can effectively manage others to high performance

• Current knowledge of renewable energy markets (ISOs/RTOs and WECC) and key drivers (e.g., policies, technologies, dynamics in local markets), especially for wind, solar, and storage.

• Previous experience supporting successful client negotiations, including contractual analysis; previous deal leadership is a plus.

Working Conditions:

This role is intended to be located at the Deriva Headquarters office in Charlotte, NC. Strategic locations in certain regions may also be considered for more experienced candidates. The office position is hybrid.

Up to 15-25% travel should be anticipated

Benefits:

• Health Insurance

• Dental Insurance

• Vision Insurance

• 401(k) with matching

• Employee assistance program

• Flexible spending account

• Life insurance

• Paid time off

• Parental leave

• Attractive Bonus Potential

Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

Deriva welcomes veterans of the United States Armed Forces to apply for this position. Deriva includes veterans of all branches and a diverse set of occupational specialties. We value the independent thinking, problem solving, leadership, and teamwork that our veterans have developed through their service. We welcome applications from any service and any military occupational specialty.

Additional Information:

Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

Deriva welcomes veterans of the United States Armed Forces to apply for this position. Deriva includes veterans of all branches and a diverse set of occupational specialties. We value the independent thinking, problem solving, leadership, and teamwork that our veterans have developed through their service. We welcome applications from any service and any military occupational specialty.

Deriva Energy is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, national origin, citizenship status, ancestry, sex, age, physical or mental disability, marital status, family responsibilities, pregnancy, genetic information, sexual orientation, gender expression, gender identity, transgender, sex stereotyping, protected veteran or military status, and other categories protected by federal, state or local law.