Senior Manager Forward Markets & Origination

Senior Manager Forward Markets & Origination

Location: Tempe, AZ, US

Join us in building a better future for Arizona! SRP is one of the largest public power and water utilities in the U.S. providing electricity to approximately one million customers in the greater metropolitan Phoenix area. Since its founding in 1903, SRP has fostered a culture of stewardship and customer service consistently ranking as an industry leader in customer service according to J.D. Power and named one of Arizona's best employers by Forbes. SRP continues to adapt to its changing business environment by seeking innovative ways to reimagine utility service and the provision of critical resources essential to the life and economy of Arizona. At SRP, we foster an inclusive work environment and believe everyone should have a fair chance to work, regardless of who they are. That's why we value teams with diverse perspectives, experiences, and backgrounds to help SRP deliver on its mission of providing reliable, affordable and sustainable water and power. SRP's success is rooted in our employees' happiness, health, and safety. That's why we offer a comprehensive benefits package to meet the needs of our employees and enhance their well-being. In addition to competitive pay and performance incentives, eligible employees can take advantage of the following benefits: Pension Plan (at no cost to the employee) 401(k) plan with employer matching Available your first day: Medical, vision, dental, and life insurance Over 200+ hours of PTO (includes vacation days, holidays, floating holidays, and sick leave) Parental leave (up to 4 weeks) and adoption assistance Wellness programs (including access to a recreation and fitness facility) Short and long-term disability plans Tuition assistance for both undergraduate and graduate programs 10 Employee Resource Groups for career development, community service, and networking

Manage energy commodity hedging, contract origination and administration, and forward trading activities necessary to achieve reliable, low-cost service to retail customers and optimize the value of excess generation assets in the wholesale markets. Responsible for achieving wholesale sales revenue targets; overseeing the natural gas fuel hedging program, identifying and executing economic and operational forward trading opportunities, and managing carbon allowance portfolios.

Lead, plan, and manage teams supporting forward markets, origination, fuel procurement, and contract management, including oversight of coal supply, transportation planning, inventory management, and coordination with plant operations Develop and execute forward trading and hedging strategies across power, natural gas, coal, and environmental commodities to ensure reliable service, optimize costs, and achieve wholesale revenue targets Oversee the natural gas fuel hedging program, maintaining commodity risk exposures within Board‑approved limits and corporate risk policies, and provide regular performance monitoring and reporting Manage Renewable Energy Credit (REC) and carbon allowance portfolios, including compliance strategies aligned with regulatory requirements and corporate objectives Originate, structure, and execute wholesale power transactions across forward markets, including long‑term contracts in organized and bilateral markets. Lead contract negotiation and execution for PPAs, fuel supply agreements, tolling arrangements, and commodity hedges, including pricing structures, delivery terms, credit support, and risk mitigants Manage the energy commodity contracting function and prepare commercial summaries, investment justifications, and approval materials for management, risk committees, executive leadership, and the SRP Board Optimize the value of generation and contract portfolios, including hydro generation assets, while meeting environmental, recreational, and water delivery requirements Coordinate post‑execution activities with trading, fuel, scheduling, settlements, and back‑office teams to ensure effective contract performance and delivery Collaborate with Resource Planning and cross‑functional teams on long‑term fuel delivery strategies, load and resource planning processes, market design considerations, and annual budget development Identify and pursue commercial opportunities driven by market fundamentals, regulatory changes, and decarbonization objectives, and maintain relationships with utilities, IPPs, developers, fuel suppliers, marketers, financial institutions, and large customers Represent the organization externally at industry forums and counterpart meetings, and present market conditions, strategies, and forward commodity positions to senior leadership, risk oversight committees, and the SRP Board

Education A bachelor's degree relevant to the assignment from an accredited institution is preferred. Experience Minimum 8 years of relevant experience required. In lieu of a degree, 12 years of relevant experience or an equivalent combination of education and experience totaling 12 years may be considered. Additional Requirements and Qualifications Knowledge of economic operation of power systems, commodity trading concepts, and SRP's contractual relationship with other energy market players. Establishment and cultivation of wholesale customer relationships is an important element for success of the wholesale marketing programs. Personal involvement by the Senior Manager may be required in sensitive negotiations or high-value origination activities. Requires occasional presentations to the SRP Board to seek approval for sales or purchase contracts. Balancing multiple and diverse responsibilities within an operations environment. Hybrid Workplace SRP currently offers a hybrid workplace, which allows employees whose jobs can be performed remotely, and who have sufficient technical capability, to telework up to three days per week. Although teleworking is available, all employees must live and work in Arizona. Drug/Alcohol Policy Statement To promote the safety and well-being of our employees, customers, and the communities we serve, SRP is committed to maintaining a drug/alcohol free work environment. Although marijuana may now be legal in Arizona, except as otherwise specified under Arizona law, SRP considers it to be an illegal drug for the purpose of our drug/alcohol policy because marijuana remains illegal at the federal level. Any candidate found to be impaired during the hiring process or who has the presence of an illegal drug or unauthorized substance in their system during the pre-employment drug/alcohol test may be disqualified from further consideration in the hiring process. Equal Opportunity Employer Statement Salt River Project (SRP) is committed to equal employment opportunity regardless of race, color, religion, sex (including pregnancy), gender identity, sexual orientation, national origin, age, disability, genetic information, military status, or any other protected status under applicable federal, state or local law. Work Authorization All candidates must be legally authorized to work in the United States. Currently, SRP does not sponsor H1B visas, OPT, or other employment-related visa's.