Cypress Creek Renewables logo

Associate Portfolio Manager

Cypress Creek Renewables
Chicago, Illinois
Full Time
Posted March 5, 2025
Apply Now

Application opens on company website

Job Description

The Associate Portfolio Manager at Cypress Creek Renewables is responsible for strategic decision-making and execution of transactions to optimize and manage the company's solar and battery storage assets in the PJM and ERCOT markets, focusing on maximizing profitability while mitigating risks.

Key Responsibilities

  • Manage commercial operations of the Cypress Creek fleet in PJM and support ERCOT Portfolio Manager.
  • Make dispatch and trade decisions to balance risk and return for maximum profitability.
  • Monitor and analyze market information to identify opportunities for profitability and risk reduction.
  • Optimize solar generation and battery storage assets based on economic conditions and operational constraints.
  • Develop bidding strategies and manage Day-Ahead and Real-Time operations of the PV and BESS Portfolio.
  • Provide schedules to third-party Energy Manager for market bidding and scheduling power services.
  • Participate in the execution of monthly FTR CRR strategies to manage congestion risk.
  • Incorporate weather and generation forecasts into decision-making processes.
  • Engage in day-to-day risk management and optimization of operating storage.
  • Commercialize the inventory of RECs produced by the assets.
  • Review and analyze commercial terms of existing and upcoming PPAs, proposing risk mitigation strategies.
  • Support short-term optimization strategy for storage assets, including forecasting and market execution.
  • Assist Development teams on new solar and battery storage assets regarding market protocols and pricing.
  • Collaborate with the Origination team on negotiation and execution of offtake agreements.
  • Analyze complex offtake structures and perform term sheet analysis and valuation.
  • Coordinate with Fleet and Solutions O&M teams regarding unit availability and outage schedules.
  • Ensure compliance with risk management policies and verify transaction settlement information.
  • Communicate risk metrics and analyze economic impacts of market movements on the portfolio.
  • Perform ad hoc analysis to support decision-making and market views.
  • Monitor market trends, regulatory changes, and risk exposures affecting the portfolio.

Requirements

  • At least five (5) years of relevant experience in Competitive Energy Markets.
  • Bachelor's degree in a relevant subject area required.
  • Experience working on a power trading desk.
  • Commercially oriented structuring and risk management experience.
  • Experience in the market structure, transactions, and protocols of PJM and ERCOT; experience in other ISOs is highly valued.
  • Understanding of renewable generation technology, especially solar and battery storage.
  • Knowledge of US energy markets, wholesale power markets, RTO operations and electric transmission.
  • Proficiency in Excel, SQL, VBA, Python.

Benefits & Perks

15 days of Paid Time Off, accrual up to 20 days
11 observed holidays
401 k Match
Comprehensive package including medical, dental, vision and health insurance
Wellness stipend
Family planning stipend
Generous parental leave
Tuition Reimbursement
Phone Bill Reimbursement
Fully expensed company travel
Mileage reimbursement
Company Swag

Ready to Apply?

Join Cypress Creek Renewables and make an impact

Apply Now

Stay Updated on Sustainability Jobs

Get the latest renewable energy jobs and career tips delivered to your inbox.

More jobs at Cypress Creek Renewables

Cypress Creek Renewables logo

Customer Service Manager

Cypress Creek Renewables
Durham
Full Time
Cypress Creek Renewables logo

Development Graduate Summer Associate

Cypress Creek Renewables
Santa Monica
Internship
$0k-0k/hr
Cypress Creek Renewables logo

Director, Structured Finance

Cypress Creek Renewables
San Francisco
Full Time
$190k-210k

More jobs in Chicago, Illinois

New Leaf Energy logo

Interconnection Coordinator

New Leaf Energy
Remote
Full Time
$74k-86k
New Leaf Energy logo

Project Finance Valuation Analyst

New Leaf Energy
Remote
Full Time
$127k-141k
New Leaf Energy logo

Interconnection Project Manager

New Leaf Energy
Remote
Full Time
$111k-129k