What are the responsibilities and job description for the Junior Portfolio Manager / Junior Trader– RECs position at Statkraft?
Company Description
Junior Portfolio Manager / Junior Trader– RECs
Team: Origination – Environmental Markets
Location: San Francisco, CA
Why Statkraft?
Statkraft has been making clean energy possible for over a century. That's what we offer, 125 years of unrivalled expertise in supplying the world with what it needs most. Because in the fight against climate change, we don't see renewable energy as part of the solution – we believe it must be the solution. With us, you'll shape a career that is truly forward-facing with many amazing opportunities and offerings to match.
But there's more work to be done – that's why we need you to join us!
Job Description
Statkraft is Europe’s largest generator of renewable energy and a growing force in the U.S. environmental commodities markets. We are committed to accelerating the transition to a low-carbon future by developing innovative solutions in renewable energy and environmental products. Our Origination team plays a key role in sourcing and managing long-term portfolios of renewable energy and environmental commodities, including carbon offsets, allowances, and related instruments.
As a Portfolio Manager for US Renewable Energy Credits (RECs), you will lead the development and execution of strategies under various state Renewable Portfolio Standards (RPS). You will manage a dynamic portfolio of REC products, support deal structuring, and collaborate across teams to drive innovation and value in the renewable energy space.
Key Responsibilities
- Develop and execute strategies for US REC markets, including pricing, risk assessment, and market analysis.
- Manage and optimize a portfolio of REC contracts, ensuring alignment with commercial and risk objectives.
- Collaborate with originators to structure and price long-term offtake agreements and bespoke REC solutions.
- Monitor regulatory developments and market trends to inform strategy and identify opportunities.
- Work with cross-functional teams to manage risks and identify synergies with power and renewable portfolios.
- Enhance portfolio management tools and contribute to valuation and risk infrastructure development.
Qualifications
- 3-5 years of experience in environmental markets, with a focus on RECs and portfolio management.
- Strong understanding of US REC markets and Renewable Portfolio Standards.
- Quantitative (Python, SQL, Excel) and analytical skills with experience in structured environmental contracts.
- Familiarity with risk management and trading strategies.
- Excellent communication and collaboration skills.
- Entrepreneurial mindset and attention to detail.
People with related market experience are encouraged to apply.
Additional Information
What we offer
A career with Statkraft is a career filled with purpose – meaning that every employee is not just making a living, they are making a real difference to the planet, our communities, and the future. Statkraft offers competitive terms of employment and a comprehensive benefits package that supports your well-being both at work and beyond. This includes healthcare coverage, wellness programs, and a 401(k)-retirement plan with company matching. We also provide a range of additional perks, such as generous paid time off, and professional development opportunities.
Salary : $160,000 - $180,000