Senior Originator - LondonWall, United Kingdom - ENGIE

Description

Location: London, Salisbury House

ABOUT ENGIE and GEMS

ENGIE is a global reference in low-carbon energy and services. In response to the urgency of climate change, our ambition is to become the world leader in the carbon neutral transformation for our customers, in particular global companies and local authorities. We rely on our key activities (renewable energy, gas, services) to offer competitive solutions.

Together with our 170,000 employees, we are reinventing our activities at the service of a renewable, carbon-free, digital energy world. To embody the future of energy at the service of its customers, ENGIE recruits thousands of talents worldwide. Professional development is part of our Group's DNA, as we are counting on our people, their experience, expertise and imagination, to achieve ENGIE's ambitions.

Global Energy Management & Sales (GEMS) is one of the business units of ENGIE. Its mission is to provide a comprehensive range of services related to energy and risk management, to other business units within ENGIE (notably renewable or flexible energy generation assets), as well as to third party clients (e.g. banks, investment funds, utilities, large industrials, B2B customers, ...). By providing these services, GEMS is a key enabler of the energy transition.

Within GEMS, the Commercial Expertise Center (Commercial EC) has the global oversight role supporting the Business Platforms to ensure the highest quality of products, provide a consistent global overview of client commercial performance, create transversality, share expertise and common practices, and assure that GEMS keeps focused on clients and counterparts needs.

Through its organisation, GEMS is able to cover most of the key geographical markets. Within GEMS' Business Unit, GEM UK manages assets and product portfolios related to power, gas, and emissions in the UK markets, actively supporting the country's ambitious path to a net zero economy.

In light of recent structural changes, GEMS UK has initiated an ambitious project to expand its UK platform. As part of the growth plans, GEMs UK wishes to hire an Originator to focus on the growth and development of the UK origination market.

The UK Originator will be assigned a set of personal objectives including quantitative business development ones, defined and monitored at Business Platform level, and commercial qualitative objectives set and evaluated by the Commercial EC.

Key Objectives

• To develop GEMS UK trading activities by originating high value power, gas, and environmental attributes transactions in the UK market
• To expand GEMS UK origination franchise through deal making activities on upstream and downstream renewable PPAs, structured gas and power transactions, and flexible assets including utility scale batteries (BESS)
• To contribute to the maximization of the value of the asset portfolio of GEMS UK, including renewables, transport, storage, and contract flexibility
• To generate commercial margins and provide a significant contribution to the profitability targets of the business unit
• To develop and secure incremental revenue streams from client origination transactions
• To find new value opportunities on gas and power assets in changing energy markets
• To increase Engie Group expertise and recognition in Energy Management and the Energy Transition area

Responsibilities

• Entertain commercial relationship with a portfolio of counterparts with the goal to increase the occurrence of deal making and the profitability of credit lines
• Contribute to the expansion of the gas and power structured transaction business on top of GEM UK existing portfolio and capabilities
• Work with traders and originators in the team in order to develop, innovate, and define new gas and power products and services in line with customer's needs, exploring and leveraging new areas of value
• Actively contribute to define the growth strategy around renewables, asset management and trading portfolio flexibility products including utility-scale batteries (BESS)
• Achieve or exceed Origination P&L targets established by the business unit
• New business development (innovation and enforcement)
• Management of counterparty portfolio
• Behaviour within regulation and compliance rules
• Contribution to team objectives

Key Requirements

• Solid experience in a senior portfolio management activity and/or senior structured origination function in the European gas and/or power business
• Demonstrated experience in negotiating and transacting gas and power structured products including gas flexibility products, virtual power plants, renewable upstream and downstream PPAs, and BESS structures
• Specific knowledge of UK gas and power markets, and environmental attributes
• Well connected with various gas and power counterparts (industrials, utilities, banks, trading houses, etc)
• Structuring, Sales and Negotiation skills
• Analytical and quantitative skills
• Good understanding of the drivers of gas and power markets (price, market design, asset characteristics, players)
• Ability to work well as part of a team of traders and originators
• Commercial orientation, Negotiating and communication
• Creativity, Structuring
• Deal making: decision maker, solutions finder, driven by results
• Team player (excellent social skills and ability to operate in a demanding environment)
• Ability to establish effective networks both within and outside the organization
• English language fluency is mandatory

Other Useful Information

Authority & Delegations:

• In charge of structuring and implementing GEM UK's merchant gas and power origination business
• No direct reports initially

Internal Contacts:

• Other Origination and Trading teams in GEM UK
• Other teams within GEM: Asset Optimization & Trading Capacity & Physical Assets, Long Term Gas, Gas Optimization, Renewables, Operations & Dispatch, Credit/Legal Departments, Back Office

External Contacts:

• Energy Counterparts (Producers, Utilities, Traders)
• Infrastructure owners (TSO, SSO)
• Banks (Commodity and Financing desks)

What benefits we offer?

Flexible Working

We understand the importance of work-life balance and recognise that everyone is striving to find the perfect one between work and home life. That's why we offer a hybrid working model that combines the convenience of remote work with the benefits of collaborating in a professional office environment. You'll have the flexibility to work from home part of the time, allowing you to optimise your productivity while enjoying a comfortable work setup.

Bonus Programme

We reward your hard work and dedication with a competitive bonus programme that recognises and values your contributions. Your efforts are appreciated and directly reflected in your financial rewards.

Life Assurance

We prioritise your peace of mind by offering life assurance coverage. You can feel confident knowing that your loved ones will be protected in the event of the unexpected.

Employer Pension Contribution

We invest in your future by contributing to your pension plan. You can enjoy the confidence and peace of mind that comes with knowing that you're building a solid foundation for your retirement.

Healthcare Cash Plan

Your well-being matters to us, which is why we provide a healthcare cash plan. You'll have access to a range of healthcare benefits, including reimbursement for medical expenses, dental and optical care, and more. Take care of yourself and your family's health without financial worries.

Diverse Employer

ENGIE's purpose is to accelerate the transition towards a carbon-neutral economy, through reduced energy consumption and more environmentally friendly solutions, and we know that the most successful businesses are the most sustainable ones. Diversity, equity and inclusion is key to sustainability and success and our goal is to attract, engage and retain the best talent, bringing the best thinking to our business from inside and outside of our industry. Our ambition is to make sure everyone at ENGIE feels valued, respected and included. We know that diverse teams have more creativity, imagination, innovation and problem solving capabilities, so we are committed to tackling inequalities and creating a diverse and inclusive business.

Equal Opportunity

We're an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. During the application process you will be asked to complete an equality questionnaire on a voluntary basis and any data we collect will be treated confidentially and used for evaluation purposes only. This helps us understand our audience so we can make sure we are doing everything we can to attract a diverse range of people and ensure our recruitment processes are fair and inclusive.