Strategic Asset Economist Job at TotalEnergies
Finance, Particular Situations, Strategy Economics Business
HOUSTON-LOUISIANA STREET(USA)
USA
Job Description
JOB DIMENSIONS:
- Economist is tasked with modelling major participations of TotalEnergies Renewables. Assets currently in portfolio are Clearway Energy Group in the US and Casa dos Ventos in Brazil. Further acquisitions could expand this list.
- Combined size of the assets is:
- Current capacity: 12 GW
- CMO: ~3G$
- CAPEX (100% project view): ~2G$/y
- FFO (shareholder): 100m$/y
- Growth is to be achieved through organic development and M&A. Both will require internal approvals and corresponding economic evaluation, to be done by the asset economist.
- The asset economist generates economic and financial metrics used to support internal decisions on asset investments (BR, COMEX, …)
- The asset economist actively contributes to the budget and LTP exercises.
- Supervises junior economist
ACTIVITIES:
- Modelling: Builds economic models for participations from scratch. Models should allow for:
- Measuring sensitivities to macro-economic factors (electricity prices, interest rates, inflation…)
- Measuring impact of financing assumptions (equity, debt, …)
- Backcasting results for comparison with realizations
- Provide financial and technical forecasts (generation capacity, P&L, balance sheet, cash flow) for LTP and BU
- Provide a way to analyse the profitability of new acquisitions and projects (NPV, IRR) for approval in CDGRP and COMEX
- Maintains model and decides for updates when needed
- Understands participations modelling guidelines and models, organizes alignment meetings with teams from participations.
- Investment Governance:
- Evaluates new projects and acquisitions presented by Clearway using TTE metrics.
- Identify value drivers and main risks
- Participates in decision process
- Processes:
- Coordinates all economic and financial aspects of LTP, in liaison with HQ team and Asset Managers
ACCOUNTABILITIES:
- Ensures decisions made by TTE are based on solid, quantified elements
- Understands asset operating model, at the company and project level
- Provides an updated image of TTE’s investment in asset, to be used for the main company exercises (LTP, BU)
Context and environment
CONTEXT & ENVIRONMENT:
- REN operates in a strong growth and fiercely competitive environment
- Assets have national width with multi100s teams
- Assets are a key part of TTE renewable expansion strategy
- Job initially based in Paris. High likelihood of transfer to the US
Candidate profile
REQUIREMENTS:
- Successful experience as an economist (any branch) with ability to go into high level of precision in the modelling 8-10 ans
- Practical experience of LTP and BU as economist or finance correspondent
- Ability to work in autonomy (create a company model from scratch), under short deadlines
- Synthesis: Ability to communicate clearly on main drivers of projects
INTERNATIONAL CONSIDERATION:
TotalEnergies regrets that it is unable to sponsor employment Visas or consider individuals on time-limited visa status for this position.
Offer ID
71635BR
Metier
Strategy Economics, General Finance Responsibility, Cost Control & Reporting, Cash & Financing Management
Workplace location (Precisions/Keywords)
Houston, Texas
Employment type
Regular position
Experience level required
Minimum 6 years, Minimum 10 years
Branch
Gas Renewables And Power
About us / company profile
Give your best to better energy and make the commitment with Total. With over 500-plus professions in 130 countries, we offer high safety and environmental standards, strong ethical values, an innovation culture and wide-ranging career development. Be part of the global team whose mission is already shared by 100,000 employees: to make energy better each and every day.
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