Head of Origination France

4 weeks ago


Oslo, Oslo County, Norway Statkraft Full time
Job Description

Statkraft is seeking a highly skilled and experienced professional to lead the French Origination team as the Head of Origination France - Southern European Origination. This role will be responsible for scaling up the portfolio of non-standard power, multi-commodity, and guarantees of origin (GoO) contracts in the French market.

Key Responsibilities:
  • 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.
Requirements:
  • 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 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.


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