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Portfolio Risk Manager

COBRA INDUSTRIAL ACTIVITIES INC

Houston, TX

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JOB DETAILS
SKILLS
Alternative Energy, Analysis Skills, Asset Management, Automation, COBRA (Consolidated Omnibus Budget Reconciliation Act of 1985), Communication Skills, Data Analysis, Database Administration, Dental Insurance, Economics, Finance, Financial Transactions, Forecasting, Functional Programming Languages, Health Insurance, Hedge Funds, Investment Management, Machine Learning, Mergers and Acquisitions, Microsoft Excel, Microsoft Exchange Server, Microsoft Office, Microsoft PowerPoint, Microsoft Word, Multitasking, Negotiation Skills, Organizational Skills, Power BI, Problem Solving Skills, Product Pricing, Profit & Loss, Programming Tools, Python Programming/Scripting Language, R Programming Language, Regulations, Regulatory Compliance, Reporting Dashboards, Reporting Skills, Risk, Risk Analysis, Risk Management, SQL (Structured Query Language), Spanish Language, Strategic Planning, System Operations, Team Player, Vision Plan
LOCATION
Houston, TX
POSTED
30+ days ago
Benefits:
  • 401(k)
  • 401(k) matching
  • Bonus based on performance
  • Dental insurance
  • Health insurance
  • Paid time off
  • Vision insurance

Position Summary:
The Renewable Portfolio Risk Manager designs and operates the risk framework for utility‑scale and distributed renewable assets, power purchase agreements (PPAs), renewable energy certificates (RECs), and related market exposures. This role blends quantitative modeling, commercial negotiation support, regulatory compliance, and cross‑functional program delivery to keep the portfolio within risk appetite while enabling growth.

Key Responsibilities:
  • Develop and deploy commercial trading and hedging strategies to maximize the profitability of Cobra’s renewable assets while managing market risks.
  • Build tools internally to evaluate the risk allocated to our own assets, the expected revenues according to price forecasts. Drive automation of reporting, trade capture, and risk dashboards to improve accuracy and decision-making speed.
  • Develop and execute strategy for forward hedging of Storage and solar assets
  • Develop strategies and execute trades with the Congestion Trading team to assess congestion risks in the respective Independent System Operators (ISOs) as well as Build and deploy strategies for Day-Ahead offers for a large portfolio of solar PV farms.
  • Articulate and execute hedging strategies deploying different instruments according to various risk profiles, including energy hedges, options, Virtuals, Point-to-Point transactions, Firm Transmission Rights (FTR)/Transmission Congestion Rights (TCR)/Congestion Revenue Rights (CRR), and Intercontinental Exchange (ICE) financial power transactions.
  • Analyze and discuss the commercial terms of existing and upcoming Power Purchase Agreements (PPAs), identifying the underlying risks, and proposing alternative language and/or risk mitigation strategies.
  •  Analyze and price option strategies designed to reduce tail-end risk exposure to market volatility and inherent asset offtake structures
  • Being up to date on the Regulation of the markets in which we already have presence like MISO and ERCOT. Prepare automated reports for the management.
  • Give support to M&A activities regarding merchant prices, ancillary services capacity markets, RECs
  • Leverage advanced data analytics, machine learning forecasts, or fundamental modeling to improve price forecasting, congestion analysis, and risk assessment
 
Qualifications:
  • Bachelor’s degree or foreign equivalent in Engineering, Finance, Economics, or closely related field.
  • A minimum of 5-year experience in similar role within the Renewable Energy sector.
  • Used to work in an international environment and different geographies is a plus.
  • Domain Microsoft Office package, especially Microsoft Excel, Word and Power Point.
  • Interest and proficiency in database management, combined with knowledge of other programming tools (such as Python, R, SQL) or Power BI
  • Strong organization skills and ability to coordinate multiple tasks and deliverables
  • Ability to multi-task, while working independently and as part of a team
  • Motivated self-starter, goal-oriented, and strong problem-solving abilities
  • Fluency in Spanish is a plus

About the Company

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COBRA INDUSTRIAL ACTIVITIES INC

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