Senior Manager Comm Contracts & Prgms

Status : ​Regular Full-time

Working Conditions : ​On-site

Education Level : Bachelor's Degree in Finance, Math, Engineering, Science, Economics, Law or Business Administration;

Location : ​Toronto, ON

Number of Position(s) : 1

Shifts(s) : ​Days

Travel : ​10%

Deadline to Apply : ​​July 29, 2024

Electrify your career and help build a brighter tomorrow.

Every generation has a challenge that defines them. At OPG, we are calling on all innovators, disruptors, thought leaders and change-makers. Join us to electrify life in one generation and build a sustainable future powered by our electricity, our ideas, and our people. Join OPG and make history.

Whether you work in the skilled trades or are a business professional, a career at OPG is an opportunity to electrify your life on and off the job.

Now we've set our sights on being a net-zero carbon company by 2040 and a catalyst to help the economies where we operate achieve net-zero by 2050.

OPG operates a diverse portfolio of generation assets including nuclear, hydroelectric, biomass and solar. We are also a cleantech leader and innovator, offering challenging and unique work opportunities. Help us use our power to change the world

ACCOMMODATIONS

OPG is committed to fostering an inclusive, equitable, and accessible environment where all employees feel valued, respected, and supported. If you require accommodation during the application or interview process, please advise us as soon as possible so appropriate arrangements can be made.

If you require information in a format that is accessible to you, please contact [email protected].

JOB OVERVIEW

Ontario Power Generation (OPG) is looking for a dynamic, strategic and results-driven professional to join our team in the role of Senior Manager, Energy Supply Agreements & Commercial Contracts .

Reporting to the Director, Energy Markets, the position is primarily responsible for having accountabilities and oversight functions related to managing OPG's Hydroelectric Energy Supply Agreements (HESAs) with the Independent Electricity System Operator (IESO). The Senior Manager oversees a portfolio of hydroelectric contracts valued at $300 million per year covering five separate agreements that provide cost recovery and a return on investment for a number of OPG non-OEB rate regulated generating stations (Lower Mattagami, Upper Mattagami, Hound Chute, Healey Falls, Lac Seul / Ear Falls, and Peter Sutherland Senior generating stations). Most of these stations also have equity partnership agreements with a number of First Nation communities and the Senior Manager is also responsible for managing these partnerships and ensuring partnership obligations are fulfilled.

The ideal candidate would have demonstrated experience with contract management, corporate finance and business economics, finance and accounting, and dealing with legal subject matter. Knowledge of Ontario electricity sector including the market, legal, stakeholder, regulatory environment, station operations, and the technical aspects of electricity generation would also be an asset.

This is an exciting opportunity to work in an environment where you will contribute to Ontario Power Generation's continued growth and success in generating safe, clean, reliable low-cost power in a sustainable manner.

KEY ACCOUNTABILTIES

• The Senior Manager, Energy Supply Agreements & Commercial Contracts is accountable to the Director Commercial Contracts & Partnerships in the Energy Markets Division of OPG.
• The Senior Manager is responsible for the ongoing administration, negotiation and internal and external relationship management of several commercial contracts and agreements. These include : energy supply agreements with the IESO (e.g., Hydroelectric Energy Supply Agreements (HESAs), Lennox Energy Supply Agreement, Atikokan Biomass Energy Supply Agreement), Fuel Supply and Logistical Agreements, Ancillary Service Contracts, and Partnership Agreements (such as with First Nations Partners).
• Be responsible for directing work programs of team members to support the below areas of responsibility, supporting staff development, and advancing employee engagement in the Energy Markets division.
• Be the key interface with OPG support functions (rest of Energy Markets, Finance, Credit / Risk, Station Operations, Projects, Indigenous Relations, Law, and Government Relations) to facilitate the execution and implementation of contract terms, ensuring all contract obligations are met, risks are managed, and rights / opportunities are pursued.
• Build and maintain relationships with stakeholders and service providers within and external to OPG including the IESO, fuel providers, vendors, and Ministry of Energy staff.
• With direction from the Director and through relationships with peer managers and support functions within OPG, the Senior Manager is responsible for the following :
• Contract Management & Negotiation / Execution :
• Ensure all contract obligations are fulfilled and rights exercised as appropriate, working with internal and external stakeholders.
• Direct and lead key activities as they relate to contract negotiations and contract management with key external counterparties, including but not limited to activities such as contract language development, analysis of contract parameters, development of negotiating positions, establishing key principles and policies, face to face negotiations, contract execution, financial accounting and audits, strategic advice, etc.
• Management of OPG's Energy Supply Agreements with the IESO and other counterparties, including contract renegotiations; leading the development of, submitting, and seeking approvals for revenue requirement and capital cost recovery submissions for contracted generation assets; and exercising contract levers when prudent (e.g. invoking force majeures, dispute resolution mechanisms, facility amendments, etc) to manage risks (financial, performance) and to avoid default.
• Providing oversight and conduct value-added technical and commercial analysis for the management of contracts including providing analytical support and recommendations to ensure that contract management requirements are fulfilled and that documents and processes are followed to provide the best possible value to OPG, Ontario's electricity system, and ratepayers.
• Be OPG's key single point of contact and OPG's subject matter expert with respect to issues for external counterparty negotiations, as well as internal OPG discussions.
• Work with appropriate Departments within OPG to establish negotiation parameters ensuring all affected Departments are in agreement with path forward prior to the start of negotiations.
• Support Director with facility amendments or contract negotiations as required.
• Lead the development of negotiation principles, strategies, and processes for existing and new agreements.
• Advise on systems and procedures and recommend changes to support the successful management of contracts.
• Interfacing with the station operations team to understand technical issues and project plans and applying a commercial contracts lens to help inform OPG decisions (e.g. related to contracts or program plans) and advance issues with the IESO as it pertains to contract matters.
• Interfacing with the finance team to develop revenue forecasts, program budgets, reconciling financial parameters, invoice true-ups, equity allocations, and support business planning and assessment of financial risks as it pertains to the contracts.
• Account Management :
• Cultivate, develop and manage internal and external relationships (e.g., with IESO, Government and its agencies including the Ministry of Energy, and other stakeholders / partners) necessary for the effective development and delivery of an account management philosophy.
• Effectively manage contract issues by meeting with, for example, key OPG support function leads, external counterparties (e.g. IESO), and Ministry of Energy staff.
• Manage OPG's First Nations equity partnerships, ensuring all partnership obligations are satisfied.
• Continue during the life of any contract / agreement to be OPG's SPOC for the account and address any contract management issues which have been elevated beyond the ongoing operational requirements of the contract.
• Where appropriate be positioned to provide account management to the operations elements of any contract or agreement, such as, but not limited to elements of product and service delivery, capital investments, revenue requirement submissions and cost recovery plans, outage related issues that affect ability to meet availability obligations under the contract, etc.
• Advise and assist the line functions on matters related to product and service agreements.
• This role combines both oversight responsibilities and transactional issues as required by each separate agreement.
• Business Support & Development :
• Drive the processes and provide insights to assist the Director, / Vice President in developing, coordinating, documenting and communicating input to Business Unit strategy in support of OPG objectives.
• Lead the development of new business opportunities and direct the development of new products and markets and provide appropriate training, as required.
• Lead the development of proposed transactions to facilitate execution while minimizing market, legal, credit and operational risks.
• Develop, coordinate, implement and manage umbrella agreements, as required with external stakeholders and ensure the necessary internal and external approvals are obtained.
• Provide multi-year revenue forecasts to support OPG corporate business planning functions.
• Conduct research on topics and issues related to contracts under management.
• Know and ensure compliance with legal and regulatory requirements, and all corporate policies and procedures and generally accepted practices as it relates to the work of the business.
• Communication :
• Provide updates, reports, and presentations to the Director on a regular basis and to senior leadership as required to facilitate comprehension of agreements and key issues.
• Ensure all appropriate Lines of Business within OPG are clearly informed at all times with respect to key issues or potential issues as it relates to activities within an established contract / agreement, negotiation, or business opportunity.
• Other Responsibilities :
• Effectively manage team including organizing and directing of work programs, performance management, and other administrative functions.
• Demonstrate leadership and mentor, advise, and guide team members
• Act for the Director during periods of the Director's absence.
• Support staff development and advancing employee engagement results.
• Prepare and assist in the development of budgets and schedules.
• Other duties as required.

EDUCATION

QUALIFICATIONS

What Makes a Career at OPG Different?

As Ontario's largest clean energy generator, we're building, expanding, and innovating the equipment and technology that keeps Ontario powered with clean, reliable energy.

At OPG, our values are our strengths. They are fundamental truths about our organization that don't change :

Safety - it's our business

Integrity - always lead with integrity

Excellence - never satisfied with good enough

Inclusion - working together for powerful outcomes

Innovation - creativity accelerates possibility.

Here's why OPG might just be the ideal workplace for you :

Our promise to you :

Are you ready to start a career that has the power to electrify life on and off the job? Apply now.

APPLICATION PROCESS

Please submit your application online at https : / / jobs.opg.com / by 11 : 59 PM EST : Monday , June 29, 2024. OPG thanks all those who apply; however, only candidates considered for an interview will be contacted.

OPG is committed to employment equity. As such, we encourage applicants from equity-seeking communities (Indigenous Peoples, racialized persons, persons with disabilities, and women). We strongly believe that alleviating the under-representation of equity-seeking individuals will create a stronger OPG team and allow us to better serve the needs of our diverse communities.

In order to fulfill the above-mentioned purpose, priority in hiring may be given to qualified persons who self-identify as a member of equity-seeking groups as identified in the application process. This initiative constitutes a special program under the Human Rights Code / Canadian Human Rights Act.

period