Brief Description of Sunnova

Sunnova (NYSE: NOVA) is an industry-leading adaptive energy services company focused on making clean energy more accessible, reliable, and affordable for homeowners and businesses.

At Sunnova, we embrace diverse perspectives, vibrant creativity and forward-thinkers who share our zeal for a sustainable future. A career with us means pushing beyond traditional limits, exploring new horizons, collaborating with like-minded peers, and transforming the energy industry for the better.

If you're excited about being a part of the fastest-growing segment of the energy industry, we encourage you to apply!

Director, Risk – Position

Sunnova Energy is searching for a Director, Risk to oversee and manage the comprehensive risk portfolio of our energy company, focusing on electricity credit trading markets, as well as operational and regulatory risks inherent in the energy sector. Reporting to the Chief Risk Officer, this role will be instrumental in guiding the company through the challenges and opportunities presented by the dynamic energy market, ensuring financial stability and compliance, while supporting sustainable and profitable operations. The Director, Risk will also have primary day-to-day responsibility over the Mid-Office function

Responsibilities

• Energy Market Risk
• a. Ensures accountability for the people and processes (i.e., Mid-Office function) that extract, analyze and internally report volumetric (i.e., asset counts, customer counts and production volumes) data from internal systems, and serve as the single source of truth for volume-denominated data for operators (e.g., Energy Services, Sales Ops, Customer Support, etc.) to perform their volume-based functions.
• b. Develops strategies to manage risks in volatile energy markets including demand fluctuations for demand response, MRECs, SRECs.
• Operational Risk
• a. Identifies and quantifies various risks across the energy sector, including market, operational, regulatory, and financial risks that may impact the Company (e.g., pricing, APRs, dealer fees, advance rates, supply chain, etc.).
• b. Provides ad-hoc and/or secondary review of material or key balance sheet and income statement metrics and includes budget-to-actual variance assessments as applicable.

• A bachelor's degree, preferably with an emphasis in accounting, finance, economics, mathematics or a related field
• 7 years of highly specialized subject matter experience
• 3 years’ managing multiple, direct reports
• 5 years’ experience in energy and/or financial risk management positions
• In-depth understanding and experience calculating and analyzing value-at-risk and mark-to-market methodologies, assumptions, and results
• Experience interfacing and communicating with external parties (e.g., banks, rating agencies, auditors, etc.)

• Master’s degree in accounting, finance, economics, or mathematics
• Previous experience in energy, and in particular, residential solar
• Hedge accounting, fair value reporting knowledge and experience (e.g., documentation, hedge effectiveness measurement, etc.)
• Professional risk management certifications (e.g., FRM, PRM)
• CPA, CMA, CFA, or other advanced, professional, business-centric certifications 

• Positive, self-motivated and can-do personality – growth mindset essential
• Very organized and strong verbal and written communication
• Ability to manage multiple projects while working under pressure and with time constraints

• Ethical team player; always maintains the highest degree of integrity

• Open-office environment
• Overtime may be required during certain deadlines
• Estimated travel time is less than 1% 

• Sunnova offers a generous employee reward package that includes:
• Comprehensive benefits, including medical, dental, vision, life insurance, healthcare flexible spending account, and 401(k) with employer match.
• Competitive compensation & annual bonus
• Paid time off, including 10 holidays and Paid Parental Leave
• Cell phone allowance for many roles
• Free access to onsite fitness center in Houston and/or discounted fitness memberships through health provider
• Complimentary garage parking in Houston

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin.

We appreciate the capabilities of artificial intelligence (AI), and we are looking to hire real people. If you use AI for any part of the job application process, we highly encourage that you review any AI generated content to ensure your personality and unique capabilities are highlighted. We reserve the right to disqualify candidates that we reasonably believe solely relied on AI generated content in the application process.

If you are selected for a position, your employment will be contingent upon submission to and successful completion of a post-offer/pre-placement drug test (and medical examination if required by the role) as well as pre-placement verification of the information and qualifications provided during the selection process.