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Strategic Contracts Specialist

2 months ago

Old Toronto, Ontario, Canada IESO Full time
Job Summary

We are seeking a highly skilled Strategic Contracts Specialist to join our team at the Independent Electricity System Operator (IESO). As a key member of our team, you will be responsible for overseeing the prudent management of our strategic long-term electricity supply contracts.

Key Responsibilities
  • Contract Management and Support
    • Attend and participate in contract review and oversight meetings with our contract counterparties.
    • Prepare summary documents, progress reports, and meeting minutes to ensure effective communication and collaboration.
    • Review, analyze, and assess performance metrics measured against contractual obligations to ensure compliance and identify areas for improvement.
    • Track development and assist with due diligence procedures on contract submissions and supporting documentation to ensure accuracy and completeness.
    • Advise and inform management on potential and/or ongoing issues related to contract performance and compliance.
    • Support the development and enhancement of tools and processes to support the monitoring and reporting of contractual and operational requirements associated with nuclear and hydroelectric generation facilities.
    • Prepare regular and/or periodic progress and observation reports for IESO management to ensure transparency and accountability.
    • Support IESO management with the resolution of contract or payment disputes to ensure fair and timely resolution.
    • Support the assessment of notices and/or proposals received by counterparties, present recommendations to management, and ensure effective communication and collaboration.
  • Technical and Financial Due Diligence
    • Monitor and conduct due diligence on technical and financial submissions by contract counterparties to ensure accuracy and completeness.
    • Support technical experts by identifying facts, issues, and documents that may be relevant in their analysis to ensure thorough and accurate assessment.
    • Assist in the development and enhancement of tools, databases, and procedures for monitoring, tracking, and reporting on capital and OM&A costs associated with nuclear and hydroelectric generating facilities to ensure transparency and accountability.
    • Track and monitor relevant technical information related to the scope and timing of work completed or proposed by generators to ensure compliance with contractual obligations.
    • Maintain knowledge and understanding of OEB regulatory framework and cost allocation methodologies to ensure compliance and identify areas for improvement.
    • Support the review of submissions from contract counterparties to confirm reasonableness of estimates and/or actual expenditures, and review reports and monitor progress to schedule and cost to ensure effective management and control.
    • Raise concerns identified through due diligence activities, including relevance of business rationale and supporting documentation provided by the contract counterparty to ensure transparency and accountability.
    • Attend and participate in oversight meetings with counterparties, and/or with external vendors (engineering, procurement, and construction) to ensure effective communication and collaboration.
  • Relationship Management
    • Ensure a high level of supplier/customer focus by developing and maintaining an excellent working relationship through day-to-day contact with our contract counterparties to ensure effective communication and collaboration.
    • Assist with the sourcing, securing, and managing the work of external consultants (e.g., legal, economic, technical, audit, etc.) as required to ensure effective management and control.
    • Support technical experts by identifying facts, issues, and documents that may be relevant in their analysis to ensure thorough and accurate assessment.
  • Additional Responsibilities
    • Remain flexible and available to assist with other projects within the Department or in other IESO Departments as may be assigned to ensure effective management and control.
Requirements
  • Education
    • Must possess an undergraduate university degree (typically four years) in engineering, business, finance, or economics with a strong understanding of engineering and/or possess technical electrical generation expertise.
    • A post-graduate degree in engineering, business, finance, or economics is preferred.
    • A professional designation, including one or more of P.Eng., PMP, CPA, CA, or CFA is preferred.
    • Must possess electricity generation preferably hydroelectric and/or nuclear industry-specific training or commensurate exposure to the electricity generation industry.
  • Experience
    • Over 6 years of experience with generation technology in a technical and commercial capacity is required to apply the necessary discretion to carry out the relationship management, technical analysis, and contract management responsibilities of the position.
    • Critical knowledge gained through experience includes:
      • Strong problem-solving skills with the ability to consult multiple resources, including procedures, reports, and other documentation, prior to implementing solutions.
      • Experience with reading, interpreting, and other activities related to managing contracts.
      • Excellent analytical thinking, technical analysis, attention to detail, and data management skills.
      • Proven ability to lead projects, including planning tasks and coordinating resources.
      • Demonstrated knowledge of OEB regulated framework is an asset.
      • Self-motivated with the ability to work both independently with minimal supervision and as a team player.
      • Must be action-oriented and able to proactively take on new challenges.
      • Strong ability to manage multiple priorities and meet deadlines.
      • Excellent interpersonal, oral, and written communication skills to prepare reports and detailed responses from internal and external stakeholders is essential.
      • Sound knowledge of Ontario and North American electricity and the regulatory environment is required.
      • Advanced Excel skills with 3+ years maintaining and/or building Excel models. Experience with other analytical tools and programs considered an asset.
What We Offer
  • 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.