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Senior Originator Job

Xcel Energy

Location:
Position Type:
Rqd Education:
Rqd Experience: 5+ years
Date Posted: August 8, 2022
Reference Code: 48765-en_US
Job Grade: TR5
Hierarchy: No - We can only hire at the posted level
Union Position: Non-Bargaining

Summary

Generates profitable wholesale sales, renewable sales, and services opportunities for Xcel Energy. Develops extensive professional electric industry contacts, bringing market intelligence back to the trading and marketing function. Maintains positive customer relationships with both purchasers and suppliers. Acts as a mentor for less experienced originators by utilizing experiences in dealing with customers and energy and renewable markets.

Responsibilities

  • Generates profitable wholesale electric sales, renewables, and emission credit sales. Identifies customer needs and develops different structures of electric services agreements. Uses electric industry experience in evaluating industry trends, company data, and the business environment to identify prospective mid-market and longer term power origination opportunities. Develops positive long-term relationships with key counterparties. Prepares and presents power purchase/supply proposals to customers. Makes oral and written sales presentations to senior management of potential customers, as well as Xcel Energy's senior management.
  • Promotes sales of power and renewables to other utilities by building and maintaining positive customer relationships with existing customers. Uses network of industry contacts and relationships to bring back needed market intelligence. Works closely with the trading desk to develop structured transactions wanted by customers in the wholesale markets. Is responsible for understanding and using various pricing models and has a deep understanding of centralized electric market operations, including markets such as the Midwest ISO and the Southwest Power Pool. Understands various transmission tariffs and is able to acquire firm & non-firm transmission paths needed to support transactions. May be assigned to various renewable and/or emission credit markets.
  • Assists Wholesale Account management to fill any short-term needs to meet resource adequacy requirements for Xcel Energy Operating Companies. Develops, gains needed approvals, and implements wholesale sales strategies for Xcel Energy Operating Companies.
  • Plays a key part in helping to set corporate objectives and strategic direction. Utilizes industry knowledge, including relationships with key counterparties to support the Market Operations team in promoting Xcel Energy objectives in various industry forums. Provides technical market knowledge support to Purchased Power during the negotiation of long-term purchased power agreements.
  • Mentors other originators by utilizing past experiences with customers, energy markets, and/or transmission expertise. Is recognized within Xcel Energy as an expert in mid-term structured power transactions. May be called upon to provide testimony in regulatory proceedings.

Required

  • Masters degree (preferably MBA) in engineering, business, economics or related field (8 years of equivalent experiences in trading and marketing or technical sales may be substituted for a degree).
  • 5 years experience in the energy industry.
  • 3 years experience in power marketing, trading, or origination role.


Competency Band:
  • Accountability
  • Customer and Stakeholder Engagement
  • Job and Business Expertise
  • Operational Excellence
  • Relationship Focused


Location(s): CO - Denver
Organization: Operations and Generation
Department: 25230:Man Dir Energy Trading
Schedule: Full-Time

Non-Union jobs will be posted internally for a minimum of 5 business days, after 5 days the job may be unposted at any time.
Union jobs will be posted based on the union agreement.

The anticipated starting base pay for this position is: $150,000 to $213,333 per year

This position may also be eligible for the following benefits and/or pay components: Pay - Annual Incentive Program, Medical/Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care Reimbursement Account, Health Care Reimbursement Account, Health Savings Account (HSA) (if enrolled in eligible health plan), Limited-Purpose FSA (if enrolled in eligible health plan and HSA), Transportation Reimbursement Account, Short-term disability (STD), Long-term disability (LTD), Employee Assistance Program (EAP), Fitness Center Reimbursement (if enrolled in eligible health plan), Tuition reimbursement, Transit programs, Employee recognition program, Pension, 401(k) plan, Paid time off (PTO), Holidays, Personal holidays, Volunteer Paid Time Off (VPTO) (full-time employees only), Parental Leave

Click here to see our benefits

Recruiter: Elizabeth A Robinson
Hiring Manager: Mark S Breese

All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Individuals with a disability who need an accommodation to apply please contact us at recruiting@xcelenergy.com
About this Employer‍

As a leading electric and natural gas energy company, we offer a comprehensive portfolio of energy-related products and services to 3.4 million electricity customers and 1.9 million natural gas customers across our eight states: Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.

Our workforce of more than 12,000 is rising to the challenge of a dynamic, constantly-changing utility industry. One that requires us to be even more customer focused, forward thinking and productive while remaining committed to meeting our customers’ fundamental need for safe, reliable, affordable energy.

With nearly 50% of our workforce eligible to retire in the next five years, there’s never been a better time to come on board. Do you have a passion for renewable energy, like wind or solar? Or care about giving back to the community? You’ll be in a position to directly impact our energy future.

At Xcel Energy, you’ll be challenged, respected and rewarded. You’ll find an ethical team committed to excellence, safety and environmental stewardship. A dynamic company where you’ll have meaningful work that makes a difference.