Head of Origination France – Southern European Origination (m/f/d) (Paris)

Company Description

Statkraft is Europe’s largest generator of renewable energy. As a major player in the energy wholesale market, we are developing green power solutions for renewable energy producers and companies from trade and industry. We support our customers on the way to a 100% renewable electricity supply. Join the team and take part in creating tomorrow’s energy world! You can learn about Statkraft’s overall 2030 Strategy here: https://www.statkraft.com/about-statkraft/strategy/

As part of Statkraft´s global Origination unit, the Southern European Origination team builds and manages a portfolio of non-standard, structured transactions in wholesale energy markets in Spain, Portugal, France, and Italy with a focus on power and guarantees of origin. Thereby, it cooperates closely with Statkraft’s trading desks and the other regional Origination teams to offer pan-European tailored energy solutions.

The responsibilities within Southern European Origination are divided into Origination Iberia, Origination Italy and Origination France as well as its own dedicated Portfolio Management team based in Düsseldorf. While the Origination teams focus on originating, structuring and negotiating of value enhancing new transactions, the Portfolio Management provides the analysis, structuring and pricing platform to all non-standard commodity contracts and manages the entire portfolio exposure in the market across the forward curve until delivery. Origination and Portfolio Management closely collaborate on a “one team – one PnL” philosophy per market, jointly develop new business cases and jointly set strategic priorities.

The team has been a first mover and leader in long-term PPAs in Southern Europe and in managing renewable energy risk with more than 130 wind and solar PPAs contracted. In addition, in France Southern European Origination holds on of the largest route-to-market renewables portfolios. Overall, the portfolio consists of tailor-made long-term agreements with IPPs/generators and large end customers as well as other non-standard flexible and structured wholesale products. The business is planning to further expand in terms of regional and product scope over the next years.

Job Description

You will be located in Statkraft’s office in Paris and lead the French Origination team consisting of five FTEs. You will report directly to the VP Southern European Origination and be part of the management team. Your activities will include:

• Play a pivotal role in the scaling up of the portfolio of non-standard power, multi-commodity and guarantees of origin (GoO) contracts in the French market
• Manage, develop and grow a highly professional and talented team of originators
• Work closely with the other Origination Heads and Head of Portfolio Management for new deal origination, structuring and pricing in order to grow and optimize the portfolio
• Identify, develop, negotiate and execute complex structured energy transactions with embedded optionality in the French markets with a focus on renewable PPAs
• Actively support in the development of a long-term price curve and “market price levels” for illiquid and exotic long-term risks by actively engaging with all relevant market players
• Actively support in the knowledge build-up of market fundamentals/understanding of power and GoOs in France
• Develop and maintain relationships with large buyers of electricity such as industrials, corporates, suppliers/retailers
• Develop and maintain relationships with upstream generators, IPPs, project developers, investors, banks, utilities and merchant traders
• Explore markets and promote new products in collaboration with other desks, channel and distribute information and opportunities
• Originate new - out-of-the box - marketing and trading opportunities with counterparties/clients to enlarge Statkraft’s playing field
• Work closely with colleagues in Milan, Paris/Lyon, Madrid and Düsseldorf office, fellow originators, portfolio managers and risk analysts for new deal origination, structuring and pricing
• Manage entire deal approval process with all internal stakeholders and take full front-to-end ownership of implementation of new deals and products and contract management over the lifetime

Qualifications

Your profile:

• University degree in economics, engineering, business, or similar
• Minimum 10 years of professional work experience in energy markets, previous relevant commercial (front office) experience in the French power market
• Relevant management experience and strong management skills, capable of further the developing the business as well as the team
• Proven track record in the valuation, structuring, negotiation and execution of bespoke non-standard structured power / certificates / cross-commodity transactions
• Experience and familiarity with non-standard power contract terms, long-term renewable off take agreements / PPAs and master trade agreements, such as EFET, ISDA
• Strong understanding of and view on European power market fundamentals, interconnections, generation assets, market players and market regulations
• Solid quantitative modelling skills - demonstrable knowledge of modelling and pricing of complex energy structures as well as financial/investment modelling of power assets
• Strong team player able to co-operate with members from internal support desks (Operations, Risk, Legal, other Front Office desks) to manage the deal lifecycle from initiation to execution into operations
• Willingness to frequently travel between Statkraft offices France, Spain and Germany and to customers
• Strong commercial mind-set and high level of initiative and motivation
• Structured way of working - Planning, Organising & Integrating (Managerial) Knowledge
• Fluent in French and excellent communication skills in English, international work experience

Additional Information

Statkraft offers:

• Professional and personal development in an exciting company
• A positive working environment characterised by competence, responsibility and innovation
• A diverse workplace with regard to gender, age and cultural background
• Competitive terms of employment and excellent benefit schemes

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Location: Paris, FR

Posted Date: 11/22/2024