Director, Asset Management - PJM

Director, Asset Management PJM Ohio Combined Cycle and Combustion Turbines, Ohio and Indiana

At Talen Energy, responsible for maximizing the safe operation and profitability of Talen's gas power generation assets located in PJM Ohio and Indiana by achieving key objectives. As a member of the business unit's asset management team, this position reports to the Chief Operating Officer, and under general guidance, plans, organizes, integrates, fiscally controls, directs, administers, reviews and evaluates the activities, operations, and services of the company's PJM Gas assets. The Director (or Senior Director), Asset Management recommends strategic plans and ensures that execution of short- and long-term goals and objectives are consistent with Talen's strategic plan, vision and values, while complying with applicable laws and regulations; and performs related duties as assigned.

Depending on the skills, qualifications, and experience of the successful candidate and the discretion of the hiring manager, this position may be filled at either a director or senior director level.

How You'll Power the Future

At Talen Energy, your work fuels progress. In this role, you'll do more than contribute you'll drive meaningful change by:

• Being responsible for safety and the overall profit and loss (P&L) of Talen's PJM Ohio and Indiana gas assets, this role manages the contractual arrangements necessary to physically commercialize the assets and coordinates between the plant operations team and Talen Energy Marketing's commercial team, which manages Talen's short- and long-term energy market operations.
• Integrates, organizes, and evaluates the work of plant operations, Talen Energy Marketing's commercial team, and related service providers to ensure that they comply with the policies and strategic direction set by management team.
• Manages facility contractual agreements and relationships related to fuel and electrical interconnections, water purchase and delivery, and property leases, including oversight of existing agreements and negotiation of new agreements as necessary.
• Analyze and/or oversee the analysis of how contractual, market, and regulatory changes will affect Talen's PJM Gas and ISO-NE assets or business, formulate sound recommendations on how to address, and advise business unit and executive leadership accordingly.
• Develops and implements Talen strategic plan regarding its assets;
• Provides day-to-day leadership to ensure continued implementation of managements systems and practices; and
• Establishes quantitative performance standards for the key objectives and implement processes to achieve such standards.
• Works with Talen plant operations to
• Develop operating and capital budgets for approval and then implement approved budgets;
• Meet regulatory standards established for Talen facilities.
• Develops and implements initiatives/projects to improve facility and/or overall business profitability.
• Assesses regional, industry, service area, community and customer needs and ensures objectives and priorities are focused on meeting those needs effectively, efficiently, and with high quality service.
• Ensures daily optimization of Talen's assets in the market through frequent communication with Talen Energy Marketing's commercial team and related service providers.
• Works with other company departments to support Talen's growth initiatives.
• Support accurate and timely financial reporting by working in conjunction with the finance team, Corporate FP&A, and Corporate Accounting/Settlements.
• Supports successful implementation of and compliance with Talen's financing arrangements.
• Works with Talen's regulatory and external affairs team to
• Manage relationships between Talen and state and local governments and other stakeholders;
• Participate in relevant stakeholder processes as necessary to support Talen's business objectives; and
• Ensure that all requisite filings or other submittals are made on time.
• Participates in professional and community organizations on behalf of the Company

What You Have

Minimum Qualifications

Director, Asset Management Level:

• Extensive experience within the power industry, including at least ten (10) years in progressively responsible facility and/or corporate management position(s).
• Proven success in commercializing power generation assets, including managing facility contractual agreements and relationships, working with plant operations, and optimizing the market position of assets.
• A high level of self-management, commitment, trust, with an affinity with Talen Energy's underlying values and the stature to operate effectively at a senior level are all essential.
• Bachelor's Degree in a relevant engineering, business administration or closely related field.
• MBA or other advanced business-related degree desired.

Senior Director, Asset Management Level:

• Extensive experience within the power industry, including at least fifteen (15) years in progressively responsible facility and/or corporate management position(s), five (5) years in an asset management role.
• Proven success in commercializing power generation assets, including managing facility contractual agreements and relationships, working with plant operations, and optimizing the market position of assets.
• A high level of self-management, commitment, trust, with an affinity with Talen Energy's underlying values and the stature to operate effectively at a senior level are all essential.
• Bachelor's Degree in a relevant engineering, business administration or closely related field.
• MBA or other advanced business-related degree desired.

Knowledge, Skills and Abilities

• Proficient understanding of business aspects of power generation with ability to
• Analyze and make sound recommendations on complex commercial, management, and administrative issues;
• Exercise sound, expert independent judgment within broad general policy guidelines;
• Present proposals and recommendations clearly, logically and persuasively in meetings;
• Establish and maintain effective working relationships at all levels; and
• Exercise tact and diplomacy in dealing with sensitive, complex and confidential issues and situations.
• Experienced in asset management and/or operation and maintenance of large fossil-fueled power plants, preferably gas-fired combined cycle power plants.
• Strong leadership skills and experience leading multi-disciplinary teams.
• Good understanding of PJM market structures and regulatory framework.
• Good understanding of day-ahead and real-time energy markets in PJM.
• Ability to prioritize and handle multiple tasks and projects concurrently. Ability to work safely and manage the safe work practices of others on project team.
• Capable of preparing clear, well-structured reports and presentations.
• Strong organization and project/work management skills.
• Strong analytical and problem-solving skills.
• Strong verbal and written communication skills.
• Proficient in office and technical computer applications and software, particularly the use of spreadsheets and project scheduling/tracking software.

Why Talen Energy?

Power the Future

Talen Energy is one of the largest competitive energy and power generation companies in North America. We operate power plants that use diverse fuel sources in the most attractive wholesale power markets and sell energy to wholesale and retail customers in selected competitive markets. Our passion for excellence grows value through safe and efficient operations. We have an inclusive, diverse, respectful, and collaborative workplace, and a strong commitment to innovation, teamwork, and integrity. We generate energy for a brighter tomorrow.

Collaboration

Our passion for excellence grows value through safe and efficient operations. We have an inclusive, diverse, respectful, and collaborative workplace.

Talen Energy offers an exceptional benefits program to its employees. Benefits include comprehensive health, dental, vision, prescription plans, life insurance, and disability insurance. In addition, employees are eligible to participate in Talen Energy's 401(k) plan. Talen Energy also provides competitive vacation and sick time for its employees. This position is eligible to participate in the company's long term incentive equity plan.

Talen Energy is an equal opportunity, affirmative action employer dedicated to diversity and the strength it brings to the workplace. All qualified applicants will receive consideration for employment without regard to race, color, age, sex, religion, national origin, veteran status, sexual orientation, genetic information, gender identity, disability, perceived disability or any other protected characteristic as may be defined by applicable law.

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