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Sabancı Renewables operates a growing portfolio of utility-scale renewable generation in ERCOT. We are hiring a Senior Commercial Associate/Executive to own hedging and market execution for the operating fleet, and to support PPA origination and structuring for new opportunities.
In this role, you will form a market view, translate it into a hedging and trading strategy, submit it into ISO markets, and be accountable for the result. You will work directly with the Head of Commercial & Finance in a lean team with visibility to senior leadership.
Responsibilities
- Own the quantification and active management of nodal-to-hub basis, congestion and curtailment exposure across the ERCOT fleet.
- Design hedging strategies using swaps, basis swaps, congestion rights (CRR / PTP obligations and options), revenue puts and shaped structures, sized to portfolio risk appetite and lender requirements.
- Prepare and enter submissions into ISO platforms — day-ahead and real-time offers, ancillary service offers, and CRR auction bids.
- Develop DART strategy and post-auction attribution of realized versus expected value.
- Direct and challenge the QSE: set the strategy it executes and hold it accountable for performance.
- Analyze transmission constraints, congestion drivers, price forecasts and ISO market design changes, and translate them into forward positioning.
- Own settlement validation and dispute resolution with the ISO, QSE and counterparties.
- Support PPA and VPPA origination and negotiation — pricing, basis and shape analysis, settlement mechanics, and commercial terms alongside legal counsel.
- Build the analytical tooling and apply AI/ML to price and congestion forecasting, offer optimization, settlement anomaly detection and reporting automation.
- Report commercial performance and market conditions to management and shareholders.
Minimum Qualifications
- Master's degree in engineering, economics, finance, mathematics or management (Bachelor's degree plus equivalent experience considered).
- 5+ years in U.S. power markets at a developer, IPP, utility, offtaker, trading desk, QSE or advisory firm.
- Demonstrated hands-on ERCOT experience, including nodal pricing, congestion and basis risk on renewable assets.
- Working knowledge of DAM/RTM, DART, CRR / PTP products, ancillary services and financial hedging products.
- Experience executing — entering offers, bids or auction submissions into an ISO platform.
- Advanced Excel and modeling, plus Python and SQL.
- Practical experience applying AI or machine learning to forecasting, optimization or workflow automation.
- Ability to present a clear commercial recommendation to senior decision-makers.
- Authorization to work in the United States.
Preferred Qualifications
- Working knowledge of MISO and/or PJM — FTRs, ARRs, and capacity constructs (RPM, PRA). Deep expertise in all three markets is not expected; transferable ERCOT experience and the ability to learn a second market is.
- Experience with wind and solar shape and volumetric risk, negative pricing, P50/P99 and hub-settled VPPAs.
- Direct participation in PPA negotiation and contract structuring.
- Familiarity with BESS and hybrid asset optimization.
- Experience with market data and modeling platforms (Yes Energy, Enverus, Aurora, PLEXOS or equivalent) and ETRM systems.
- Understanding of ISDA / EEI master agreements, credit and collateral mechanics.
- Commercial support to project finance or M&A transactions.
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