Senior Analyst, Contracts & Initiatives

Company: Independent Electricity System Operator
INDEPENDENT ELECTRICITY SYSTEM OPERATOR (IESO) Requisition ID: 19688
Location: Toronto - Hybrid
Status: Number of Openings: 2
Business Unit: Legal Resources & Corporate Governance
Why join us?
You've got great skills. And you want to use them in an organization where you know what you do every day matters. We get that. We also know that ensuring Ontarians have access to affordable and reliable power doesn't happen by accident. So we give you the tools, flexibility and support you need to achieve your goals, and development opportunities to help you grow. You'll thrive in a collaborative, team-based environment that values your unique skills and experiences – and recognizes that when you do better, we become even better too.
Who we are
The Independent Electricity System Operator (IESO) works at the centre of the province's power system, ensuring Ontarians have access to reliable and cost-effective electricity when and where they need it. We operate the province's electricity grid 24/7, design, run and oversee the wholesale electricity markets, and plan and prepare to meet Ontario's electricity needs – now and into the future.
The opportunity The Senior Analyst, Contracts & Initiatives is primarily responsible for supporting management of electricity supply contracts for the Province of Ontario resulting from directives received from the Minister of Energy, including the negotiation, development and administration of electricity supply contracts. The Senior Analyst provides accurate, comprehensive, in-depth, value-added technical, commercial, risk and financial analysis, and is also involved in conducting research on topics and issues related to electricity supply resources, electricity and natural gas markets. The Senior Analyst is accountable to the Supervisor, Contracts & Initiatives in the Contract Management group in the Legal Resource and Corporate Governance (LRCG) division of the Independent Electricity System Operator (IESO).
Aside from the day-to-day administration of contracts prior to achieving commercial operation, the Senior Analyst will play a pivotal role in providing support for a multitude of organizational and group initiatives and support contract negotiations. The Senior Analyst will provide analytical expertise and strategic recommendations to uphold compliance with contract management protocols, ensuring adherence to documentation standards and procedural guidelines aimed at optimizing value to the IESO, Ontario's power system and to Ontario ratepayers.
What you'll do Assisting with the management, negotiation, development and administration of electricity supply contracts. Tasks may include assisting with:Support manager with contract amendments and contract negotiations. Assist in the development of negotiation principles, strategies and various contract management processes.Create and maintain tracking tools to monitor contract submissions and requirements to ensure compliance. In addition, develop standard documents/templates to be used by contract counterparties and make recommendations to improve internal processes and where absent develop the necessary tools.Monitoring and tracking of contract counterparty deliverables required in the contracts to ensure timely and accurate submissions.Perform contract management and administration functions (e.g. Force Majeure, performance security, reviewing metering plan) and ensure that all obligations are fulfilled in accordance with the contract requirements, culminating in successful commercial operation of facilities.Perform analysis and verification of contract counterparty reports that are required in the contracts.Procurement of external consultants (legal, technical, financial, etc.) to support the group and creation of proposal evaluation materials and evaluation administration.Providing accurate, comprehensive, in-depth, value-added technical, commercial and financial analysis related to electricity supply resources of contracts / power purchase agreements. Tasks may include:Using existing IESO analytical tools to conduct analysis.Modifying, updating, and adapting existing analytical tools.Designing and developing new analytical tools.Developing and executing ad-hoc analysis approaches for one-off requests.Participate in conjunction with external advisors and IESO departments in due diligence activities.Conducting research on topics and issues related to electricity supply resources, electricity and natural gas markets, Asset Management and Refurbishment of nuclear facilities and nuclear fuel supply and fuel bundle fabrication markets. Information resources could include: internet, conferences / technical sessions, internal content experts, external industry experts, utilities / government agencies in other jurisdictions, consultants, developers, and Ontario government agencies.Independently gather relevant information from various sources.Distill key information, facts, and concepts from potentially large volumes of information.Assemble distilled information to produce concise research reports / memorandums on findings.Create and deliver presentations to team on findings.Other Responsibilities:Interface with others – internally with the other groups within the IESO along with Planning, Resource Adequacy, Corporate Services, Government Affairs and other IESO Departments; externally with Government and its agencies, such as the Ministry of Energy, Northern Development and Mines, Ministry of the Environment, Conservation and Parks, and with respective contract counterparties.Advise on methods and recommend changes to IESO Contract Management policies and procedures.Assist with projects within Legal Resources or in other IESO departments. This includes facilitating meetings with other IESO departments.Provide facility status updates and reports to Supervisor on a regular basis.What you'll need to succeed The education required to complete the responsibilities associated with the position is typically obtained through 4 years of university training.Knowledge of Ontario electricity and natural gas sectors and the regulatory environment.Knowledge of the technical aspects of electricity generation, including cogeneration and/or thermal elements of electricity generation technologies (e.g. combined cycle gas turbines, simple cycle gas turbines, etc.), renewable forms of electricity generation (e.g. biomass, wind, hydro) and battery energy storage systems.Demonstration of excellent analytical, financial modeling (using excel/ VBA), problem solving and presentation skills – able to analyze raw data, draw conclusions and develop practical recommendations.Demonstration of strong understanding of business principles and processes as they relate to power generation technology.Demonstration of negotiation skills and ability to work with contract counterparty in a challenging environment.Knowledge and ability to create/edit stand-alone Access/Excel tools.Ability to generate high quality reports and power point presentation materials.Strong planning and coordinating skills to organize own priorities and workflow.Honed interpersonal skills, comfortable presenting findings internally or externally.Knowledge of IESO Market Rules.Knowledge of contract management and project management principles and practices.Must be analytical, systems-oriented, and driven to improve processes and take initiative to highlight opportunities.Must be detail oriented and must be able to handle multiple priorities in a fast-paced environment.Communication – excellent oral, written and presentation skills are a must including interfacing with external consultants and senior management within IESO and contract counterparties.The minimum level of experience for the incumbent to perform at a satisfactory level of proficiency is 6-8 years including the period of adjustment on the job itself.
What's in it for you A comprehensive total rewards program, including best-in-class benefits and a flexible workplace.A challenging, fast-paced and collaborative team environment, where your perspectives and experiences matter.Leaders who support your growth and success through regular feedback and coaching.The opportunity to work with some of the brightest minds in the industry.For future reference, please ensure to save a copy of the job description as it will no longer be available once the posting closes.
At the IESO, we know that achieving great results depends on embracing diversity by attracting, developing and retaining people from a wide variety of backgrounds. We do this by ensuring our recruitment and advancement policies are fair and equitable, and by creating an accessible and inclusive environment – one that values every team member's unique skills and experiences and ensures they have the support they need to achieve their potential. If you require accommodation during the recruitment process, please let us know.
We thank you for your interest in a career at the IESO, but we will only contact those candidates selected for an interview.
Note: The successful candidate must be eligible to work in Canada and will be subject to a background check.
The IESO offers a hybrid work model program to most of our employees, based on business needs. Individuals participating in the program can work an average of three days per week remotely within Ontario. It also offers three flex weeks when individuals can work remotely within Ontario. When working in the office, you will be located at our Toronto location.
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