Houston Office
717 Texas Ave
Ste 1000
Houston, TX 77002, USA
Calpine Corporation is America's largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Its fleet of 77 power plants in operation represents over 27,000 megawatts of generation capacity. Through wholesale power operations and its retail businesses, Calpine serves customers in 22 states and Canada. Its clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner.
The company was established on the premise that a strong commitment to the environment is inextricably linked to excellence in power generation and corporate responsibility. Since its founding in 1984, Calpine has led the power industry in its unwavering commitment to environmental stewardship. In addition, its renewable geothermal plants use steam generated deep below the earth's surface to produce clean, renewable electricity.
Job Summary (includes but is not limited to the following, other duties may be assigned)
Responsible for identifying, evaluating, and planning strategies for improving risk management including daily valuation and position reporting of the regional risk portfolio. Researches a variety of risk management topics and develops recommendations for consideration by management to optimize risk. Administers risk management programs to maintain maximum protection of assets at the most economical rates. Investigates and reports on infractions and risk-related incidents. Duties include identifying and capturing the risk for all trades and structured deals, marking to market valuation and position reporting for multiple risk books across the portfolio, reconciling and quantifying the value and position changes of the portfolio and preparing reports of results for management, and reconciling monthly earnings expectations with reporting results from Calpine Accounting/Finance. Collaborates with IT and other staff to identify, develop and implement systems efficiencies and reporting capabilities for risk books.
Job Scope & Technical Excellence
- Seasoned professional with advanced applied experience.
- Applies advanced skills contributing to knowledge areas within function, but not yet an expert in all.
- Makes recommendations on moderately complex issues regarding project components and tasks.
- May make recommendations on new processes, tools and services; supports and contributes to development of new products, services or techniques.
Work Complexity & Independent Judgment
- Works on problems of diverse scope ranging from moderate to complex.
- Uses independent judgment requiring in-depth analysis of variable factors. Collaborates with senior professionals in selection of methods, techniques, and analytical approach.
- Little instruction on day-to-day work, general instructions on new assignments.
- Serves as project/technical lead on small to medium sized projects; may coordinate work of professionals, technicians and others outside of own department.
- This is the most senior skill level without moving to the management or specialist track.
Communication & Influence
- Resource integrator – builds professional networks and identifies and connects resources to achieve goals. Regularly contributes actionable ideas in brainstorming and planning sessions.
Education & Experience
- Bachelor’s Degree in Business, Engineering, or other quantitative disciple or equivalent.
- Seasoned professional; typically requires 2-5 year's experience with background in the energy sector, commodity trading or risk management.
Additional Calpine Information
- Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities.
- Calpine is committed to Equal Employment Opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. If you are interested in applying for employment and need special assistance or an accommodation to use our website or to apply for a position, please send an e-mail with your request to hrrecruitment@calpine.com. Determination on requests for reasonable accommodation are made on case-by-case basis.
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