North America Electricity Lead & Risk Management
Cargill provides food, agriculture, financial and industrial products and services to the world. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and over 150 years of experience. We have 155,000 employees in 70 countries who are committed to feeding the world in a responsible way, reducing environmental impact and improving the communities where we live and work.
Depends on qualifications
40 hours per week
This position is responsible for managing electricity exposure in North America for Cargill plants as well as external customers desiring a consulting or advisory approach. Currently this includes deregulated retail power markets in the US and Canada, with future states and provinces added as regions offer retail open access.
Within North America, this position is responsible for physical power origination and management of associated market risk. These responsibilities will be performed with significant focus on market bias or point of view, and adherence to Cargill risk policies and approved hedge programs. This position will be looking at longer term electricity sourcing opportunities and leading commercial negotiations. These responsibilities will include asset optimization (demand response management) and support for renewable energy projects in order to help Cargill achieve its sustainability targets.
This position is also responsible for following regulatory changes affecting US and Canadian power markets to identify potential cost impacts. In this capacity, this position participates in regulatory rule makings that have significant financial impact to Cargill, and actively builds a pipeline of opportunities to save on non-commodity costs. These responsibilities include participation in industrial energy groups to efficiently participate in utility rate cases and have an up to date regulatory view for electricity.
- 25% Define execution methodology and tactics to originate electricity for Cargill Plants in the US and Canada, and integrate into Master Category Strategy. Negotiate electricity supply agreements, PPA’s (Power Purchase Agreements) and energy optimization agreements, preparing CRC (Cargill Risk Committee) approvals where needed.
- 25% Evaluate and define trends for electricity and integrate market intelligence into Master Category Strategy. Hedge exposures consistent with approved programs and maintain point of view to capture market opportunities and define or enhance risk management strategies.
- 20% Direct responsibility to manage external customer accounts for deregulated electricity markets and regulated markets as appropriate.
- 20% Manage electricity regulatory activity (i.e. rate case interventions) on behalf of Cargill Plants; maintain good alignment with businesses, external industrial consumer groups and Corporate Affairs.
- 10% Fully understand stakeholder landscape and work to maintain relationships in partnership with other members of CSSP (Cargill Strategic Sourcing and Procurement); clarify and prioritize electricity value opportunities with stakeholders. Establish savings targets, track progress and report to regional and global teams.
- Ability to effectively handle complex issues in dynamic environment
- Willingness to pass FINRA Series 3 and 30 tests and be registered as an Associated Person of Cargill’s Commodity Trading Advisor (CTA).
- Occasional travel
- Bachelors Degree in technical discipline and/or Business Degree
- 10 yrs experience in energy markets
- 10 yrs experience in negotiating complex long term commercial agreements
- Demonstrated experience in industrial utilities
- Demonstrated experience in risk management
- Strong knowledge of regulatory framework for electricity market in US and Canada
- Strong working knowledge of both data feed and excel worksheets
- Strong relationship skills including ability to engage and influence senior leaders
- Strong analytic skills
- Strong presentation skills
- Good project management skills
- Masters Degree in Business or technical field
- BS Degree in Electrical, Chemical, Civil or Mechanical Engineering
- NFA Series 3 licensed
- NFA Series 30 licensed
- Demonstrated experience in managing and procuring power in wholesale and retail markets
- Demonstrated experience in developing renewable energy projects
- Experience in energy regulatory issues and utility ratemaking